News

The Co-operative Bank's disgraced former chairman, Paul Flowers, apparently won the job because he beat his rivals' psychometric test scores, MPs on the Treasury Committee have been told.

G4S ‘is facing a call to break up’

The activist investor fund chaired by Lord Myners, the former minister for UK financial services, is reported to be pushing G4S to break itself up.

Bank of England puts ‘threat to stability’ by hedge funds under microscope

The Bank of England’s risk-watchers put hedgies in the spotlight today as potentially vulnerable to rising market interest rates.

The Business Matrix: Wednesday 7 August 2013

L&G upbeat over £15bn investment

The Business Matrix: Tuesday 6 August 2013

BT sports  Betfred deal

'Sort out your stepchild': Activist takes aim at Sony Entertainment

The activist investor calling for Sony to spin off its film and music business tore into Sony Entertainment's management yesterday, saying the division was treated like a "red-headed stepchild".

Criminal charges for SAC 'insider trades'

US prosecutors mounted an aggressive legal assault on the giant SAC Capital hedge fund yesterday, alleging in a rare criminal case that insider trading "was substantial, pervasive and on a scale without known precedent in the hedge fund industry".

Donald Macintyre's Sketch: Class war thrives: Tories trade in stereotype – and poetry

Miliband’s gag – ‘He is the Prime Minister for Benson and hedge funds’ – was a work in progress

Lynton Crosby, the Conservatives’ election strategist

Smoking gun? David Cameron dodges Lynton Crosby cigarette packaging controversy question

Tory strategist’s links to cigarette giant pile pressure on PM after  tobacco policy U-turn

Anthony Hilton: If this is a sterling crisis then crises aren't that bad

Sterling fell in the first part of the week because traders decided that US interest rates were likely to rise before ours do, thus making the dollar a more attractive currency to hold.

Donald Macintyre's Sketch: How David Cameron and William Hague got caught up in a battle of the sexes

David Cameron and William Hague got into similar trouble, but for exactly opposite reasons. If the Foreign Secretary had said “stupid person” or (admittedly a bit of a mouthful for an impromptu sedentary aside) “stupid Honourable Member”, he’d be home free. As the lip reading consensus was that he muttered “stupid woman” while Cameron was answering, or more accurately not answering, a hostile question from Labour’s Cathy Jamieson, he quickly became Twitter villain of the day.

Ex rugby ace trades place with Tory hedge fund millionaire

One of the City's most colourful bankers, Alex Snow, is to become chief executive of Lansdowne Partners, the hedge fund manager which made a killing selling shares in British banks during the financial crisis.

A view of Coventry's Ricoh Arena - the Sky Blues home, or not

Group purchases Coventry City FC, but doubts linger about where team will play

Sky Blues remain in administration and fans face baffling business complexities as uncertainties remain

Hedge fund big-hitter Loeb ups Sony stake as he targets entertainment arm spin-off

The billionaire investor Dan Loeb has increased pressure on Sony's board by lifting his stake in the electronics group to 7 per cent.

Police officers detain a protester demonstrating against the upcoming G8 summit in central London

G8 protests: 57 people arrested in London after clashes between police and anti-capitalist demonstrators

Major operation launched to clear central London HQ of anti-G8 movement in former police station

SoftBank raises offer to $21.6bn in battle for Sprint

Japan's SoftBank has secured the backing of a major Sprint shareholder after raising its bid for the American wireless carrier to from $20.1bn to $21.6bn (£13.9bn) to counter a rival proposal by Dish Network, the US satellite firm.

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Susan Sarandon described David Bowie as
peopleSusan Sarandon reveals more on her David Bowie romance
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sportDidier Drogba returns to Chelsea on one-year deal
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Arts and Entertainment
Christian Grey cradles Ana in the Fifty Shades of Grey film
filmFifty Shades of Grey trailer provokes moral outrage in US
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Louis van Gaal would have been impressed with Darren Fletcher’s performance against LA Galaxy during Manchester United’s 7-0 victory
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The new dawn heralded by George Osborne has yet to rise
voicesJames Moore: As the Tories rub their hands together, the average voter will be asking why they're not getting a piece of the action
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newsComedy club forced to apologise as maggots eating a dead pigeon fall out of air-conditioning
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Jo Brand says she's mellowed a lot
tvJo Brand says shows encourage people to laugh at the vulnerable
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Day In a Page

Burgundy, the River Rhone & Provence – MS Swiss Corona - seven nights from £999pp
Lake Maggiore, Orta and the Matterhorn – seven nights from £899pp
Sicily – seven nights from £939pp
Pompeii, Capri and the Bay of Naples - seven nights from £799pp
Istanbul Ephesus & Troy – six nights from £859pp
Mary Rose – two nights from £319pp
Backhanders, bribery and abuses of power have soared in China as economy surges

Bribery and abuses of power soar in China

The bribery is fuelled by the surge in China's economy but the rules of corruption are subtle and unspoken, finds Evan Osnos, as he learns the dark arts from a master
Commonwealth Games 2014: Highland terriers stole the show at the opening ceremony

Highland terriers steal the show at opening ceremony

Gillian Orr explores why a dog loved by film stars and presidents is finally having its day
German art world rocked as artists use renowned fat sculpture to distil schnapps

Brewing the fat from artwork angers widow of sculptor

Part of Joseph Beuys' 1982 sculpture 'Fettecke' used to distil schnapps
BBC's The Secret History of Our Streets reveals a fascinating window into Britain's past

BBC takes viewers back down memory lane

The Secret History of Our Streets, which returns with three films looking at Scottish streets, is the inverse of Benefits Street - delivering warmth instead of cynicism
Joe, film review: Nicolas Cage delivers an astonishing performance in low budget drama

Nicolas Cage shines in low-budget drama Joe

Cage plays an ex-con in David Gordon Green's independent drama, which has been adapted from a novel by Larry Brown
How to make your own gourmet ice lollies, granitas, slushy cocktails and frozen yoghurt

Make your own ice lollies and frozen yoghurt

Think outside the cool box for this summer's tempting frozen treats
Ford Fiesta is UK's most popular car of all-time, with sales topping 4.1 million since 1976

Fiesta is UK's most popular car of all-time

Sales have topped 4.1 million since 1976. To celebrate this milestone, four Independent writers recall their Fiestas with pride
10 best reed diffusers

Heaven scent: 10 best reed diffusers

Keep your rooms smelling summery and fresh with one of these subtle but distinctive home fragrances that’ll last you months
Commonwealth Games 2014: Female boxers set to compete for first time

Female boxers set to compete at Commonwealth Games for first time

There’s no favourites and with no headguards anything could happen
Five things we’ve learned so far about Manchester United under Louis van Gaal

Five things we’ve learned so far about United under Van Gaal

It’s impossible to avoid the impression that the Dutch manager is playing to the gallery a little
Screwing your way to the top? Good for Lana Del Rey for helping kill that myth

Screwing your way to the top?

Good for Lana Del Rey for helping kill that myth, says Grace Dent
Will the young Britons fighting in Syria be allowed to return home and resume their lives?

Will Britons fighting in Syria be able to resume their lives?

Tony Blair's Terrorism Act 2006 has made it an offence to take part in military action abroad with a "political, ideological, religious or racial motive"
Beyoncé poses as Rosie the Riveter, the wartime poster girl who became a feminist pin-up

Beyoncé poses as Rosie the Riveter

The wartime poster girl became the ultimate American symbol of female empowerment
The quest to find the perfect pair of earphones: Are custom, 3D printed earbuds the solution?

The quest to find the perfect pair of earphones

Earphones don't fit properly, offer mediocre audio quality and can even be painful. So the quest to design the perfect pair is music to Seth Stevenson's ears
US Army's shooting star: Lt-Col Steven Cole is the man Hollywood calls when it wants to borrow a tank or check a military uniform

Meet the US Army's shooting star

Lt-Col Steven Cole is the man Hollywood calls when it wants to borrow a tank or check a military uniform