News

It was once only a brave investor who’d bet against fashion favourite Asos, but yesterday two City experts called time on the stock.

HellermannTyton is set to launch €35m listing in London

The cabling products maker HellermannTyton is planning a London listing at the end of this month to raise €35m (£30m) to finance its growth.

Richard Peppiatt

Following Andy Mason's controversial resignation letter, here are six other employees that turned on their bosses in public

The resignation letter of Groupon CEO Andy Mason is not the first to cause a stir. Many disgruntled workers have used their final days to issue a parting shot to their colleagues, an apology for their incompetency, or even an exposé of their firm’s inner workings.

Market Report: 'Dig into miners' as gold trail goes cold

Cocky investors were dumping gold and buying in to equities, showing that safe havens are out and riskier assets are in. The move out of the precious metal and into equities sent its price to a sixth-month low, below $1,600 an ounce, while the FTSE 100 index reached a five-year high.

Traders sued over Heinz share bets

Warren Buffett’s takeover of Heinz, the American food giant, is at the centre of an insider-trading case after regulators filed suit against unknown traders operating via a Swiss account who they allege had placed bullish bets on the ketchup maker on the basis of privileged information.

The Business Matrix: Monday 11 February 2013

Woollens come back into the fold

The week ahead: Monitise will show it is on the move

Why are people waving their phones around at the cash desk to pay for their shopping? Why is a mobile easier than putting your hand in your pocket for some cash or swiping your debit card? Well, more than 18 million people think paying for your lunch by swiping your mobile is the way to go. That's how many customers the mobile payments specialist Monitise has.

Goldman veteran Rizzo is leaving

Luigi Rizzo, the veteran Goldman Sachs rainmaker, is leaving his position as managing director in the financial institutions group after 20 years at the US investment bank. Mr Rizzo, who worked on Barclays' deal with South Africa's Absa and the three-way merger of Spain's Liberbank, Ibercaja and Cajatres, became a partner in 2008.

The Business Matrix: Saturday 26 January 2013

Snow hits John Lewis's sales

Head of Goldman Sachs warns David Cameron on tax

The head of Goldman Sachs has cautioned politicians against subjecting companies to public opprobrium for responding to incentives in the tax system.

MAKING A KILLING - WORLD FOOD PRICE RISES

Goldman bankers get rich betting on food prices as millions starve

Bank criticised for making £250m after destructive spikes in global food market

Sir Mervyn King: The Governor of the Bank of England was warned in August 2007, a month before everyone else, that Northern Rock had serious problems, but did nothing to prevent the first run on a British bank in decades. He then 'panicked', according to angry MPs, yet stayed in his job and last year picked up a knighthood.

Bank of England boss Sir Mervyn King slates bank bonus tax move

Bank of England Governor Sir Mervyn King today said it would be “depressing” if bankers choose to defer their bonuses until after the introduction of the new 45p income tax rate.

Simon English: Memo to Goldman Sachs: This is (partly) why people hate you

The great vampire squid’s move to even consider delaying bonus payments to some of its staff just to save them a few quid in tax indicates that it continues to live in a separate world to the rest of us.

Billions in bankers' bonuses could be delayed until April when top rate of tax is cut

City firms planning to defer bonus payments until after top 50p tax rate drops to 45p

James Moore: Bankers and bosses in line for bonuses – whether they deserve them or not

Plus: Goldman Sachs’ sneaky move to beat the taxman, Raise your glasses in a toast to Greene King

Goldman bankers' £8bn bonus after bumper year

Goldman Sachs is likely to revive the controversy over excessive bonuses as it kicks off the banking results season this week by announcing total pay awards for its staff totalling more than £8bn.

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Iraq invasion 2003: The bloody warnings six wise men gave to Tony Blair as he prepared to launch poorly planned campaign

What the six wise men told Tony Blair

Months before the invasion of Iraq in 2003, experts sought to warn the PM about his plans. Here, four of them recall that day
25 years of The Independent on Sunday: The stories, the writers and the changes over the last quarter of a century

25 years of The Independent on Sunday

The stories, the writers and the changes over the last quarter of a century
Homeless Veterans appeal: 'Really caring is a dangerous emotion in this kind of work'

Homeless Veterans appeal

As head of The Soldiers' Charity, Martin Rutledge has to temper compassion with realism. He tells Chris Green how his Army career prepared him
Wu-Tang Clan and The Sexual Objects offer fans a chance to own the only copies of their latest albums

Smash hit go under the hammer

It's nice to pick up a new record once in a while, but the purchasers of two latest releases can go a step further - by buying the only copy
Geeks who rocked the world: Documentary looks back at origins of the computer-games industry

The geeks who rocked the world

A new documentary looks back at origins of the computer-games industry
Belle & Sebastian interview: Stuart Murdoch reveals how the band is taking a new direction

Belle & Sebastian is taking a new direction

Twenty years ago, Belle & Sebastian was a fey indie band from Glasgow. It still is – except today, as prime mover Stuart Murdoch admits, it has a global cult following, from Hollywood to South Korea
America: Land of the free, home of the political dynasty

America: Land of the free, home of the political dynasty

These days in the US things are pretty much stuck where they are, both in politics and society at large, says Rupert Cornwell
A graphic history of US civil rights – in comic book form

A graphic history of US civil rights – in comic book form

A veteran of the Fifties campaigns is inspiring a new generation of activists
Winston Churchill: the enigma of a British hero

Winston Churchill: the enigma of a British hero

A C Benson called him 'a horrid little fellow', George Orwell would have shot him, but what a giant he seems now, says DJ Taylor
Growing mussels: Precious freshwater shellfish are thriving in a unique green project

Growing mussels

Precious freshwater shellfish are thriving in a unique green project
Diana Krall: The jazz singer on being friends with Elton John, outer space and skiing in Dubai

Diana Krall interview

The jazz singer on being friends with Elton John, outer space and skiing in Dubai
Pinstriped for action: A glimpse of what the very rich man will be wearing this winter

Pinstriped for action

A glimpse of what the very rich man will be wearing this winter
Russell T Davies & Ben Cook: 'Our friendship flourished online. You can share some very revelatory moments at four in the morning…'

Russell T Davies & Ben Cook: How we met

'Our friendship flourished online. You can share some very revelatory moments at four in the morning…'
Bill Granger recipes: Our chef serves up his favourite Japanese dishes

Bill Granger's Japanese recipes

Stock up on mirin, soy and miso and you have the makings of everyday Japanese cuisine
Michael Calvin: How we need more Eric Cantonas to knock some sense into us

Michael Calvin's Last Word

How we need more Eric Cantonas to knock some sense into us