News

Barclays is also poised to axe 400 investment bank jobs on top of the 1700 it announced a year ago in a bid to slash costs

James Moore: George Osborne probably won't even have to play a shot to keep out RBS googly

Outlook Is the Parliamentary Commission on Banking Standards planning to bowl another googly at George Osborne? Andrew Tyrie and his colleagues have already proven themselves more than willing to make life extremely uncomfortable for the Chancellor and the Treasury.

Wolseley’s shares dive after Europe sales dip

Investors in Wolseley were spooked by deteriorating construction markets in Europe today, despite an otherwise healthy set of third-quarter figures.

David Cameron holds talks with Nicolas Sarkozy

Former French president Nicolas Sarkozy is today visiting 10 Downing Street for private talks with Prime Minister David Cameron.

The Business Matrix: Thursday 30 May 2013

A £52m refit for BBC's Bush House

Consultancy sector shows signs of revival

Spending on management consultants is growing at three times the rate of inflation and public sector work is increasing again after two years of dramatic declines. The annual survey from the Management Consultancies Association reports a 7 per cent leap in fee income in 2012, with the construction and transport sectors growing most rapidly. Consultants suffered steep falls when the economic downturn bit, especially in strategic advice as blue-chip clients put large-scale projects on ice.

Market Report: Morrisons on shelf after shares sell-off

The supermarket chain Morrisons enjoyed a day in the sun last week after it unveiled a 25-year, £170m licensing deal with Ocado to help it launch food online next year. But yesterday, the UK's fourth-biggest grocer was back in the shade after an institutional investor offloaded a large chunk of shares. Morrisons fell 6.7p to 282.6p, while traders waking up to mixed sales data from the supermarket might have also decided to put their money in the baskets of rivals Sainsbury's and Tesco.

Simon English: Politics will decide Royal Mail float price

Outlook Royal Mail plumped itself up for joining the stock market yesterday with some flashy looking operating profits.

Homeserve sets £6m aside in FCA inquiry

Homeserve, the emergency repairs company at the centre of a long-running inquiry into alleged mis-selling, is bracing itself for a £6m fine from the City's watchdog.

RBS to cut 1,400 head office jobs as it plans private sector return

Royal Bank of Scotland is to cut a further 1,400 jobs over the next two years. Most of the job losses are expected to be at RBS's offices in Edinburgh as the 81 per cent taxpayer-owned bank said that it would not be cutting frontline staff in branches.

Activist shareholder Knight Vinke urges UBS to split up investment bank

Activist shareholder Knight Vinke today called on Swiss bank UBS to split up its investment bank, most of which is based in London, from its wealth-management and domestic banking activities.

Unwanted: Luis Suarez and John Terry may both move on this summer

The Last Word: Week the FA jumped the Luis Suarez shark

The toxic presence of the Liverpool striker and John Terry make our national game a joke

The Business Matrix: Saturday 27 April 2013

2.5% growth short of expectations

Chairman resigns from Kazakh group ENRC

The chairman of the London-listed Kazakh miner ENRC, Mehmet Dalman, resigned with immediate effect last night in a boardroom shake-up likely to raise new questions over the future of the embattled company.

Government to go ahead with Urenco stake sell-off

The Government today said it would proceed with plans to sell some or all of its one-third shareholding in uranium enrichment company Urenco. The stake is expected to fetch an estimated £3 billion.

Leaving Barclays: Rich Ricci, the racehorse-owning head of its investment bank

Last of the old guard: Rich Ricci exits Barclays in management shake-up

Barclays today announced a major management shake-up which will see the departure of the racehorse-owning head of its investment bank Rich Ricci who collected a £17.6 million share bonus for last year which he cashed in almost immediately.

News
The Banksy image in Folkestone before it was vandalised
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Life and Style
tech

Sales of the tablet are set to fall again, say analysts

Sport
Louis van Gaal at the Hawthorns prior to Manchester United's game against West Brom
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Follow the latest updates from the Monday night Premier League fixture

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News
Brian Harvey turned up at Downing Street today demanding to speak to the Prime Minister
news

Met Police confirm there was a 'minor disturbance' and no-one was arrested

Arts and Entertainment
George Lucas poses with a group of Star Wars-inspired Disney characters at Disney's Hollywood Studios in 2010
films

George Lucas criticises the major Hollywood film studios

Voices
Chris Grayling, Justice Secretary: 'There are pressures which we are facing but there is not a crisis'
voices

Does Chris Grayling realise what a vague concept he is dealing with?

Life and Style
A street vendor in Mexico City sells Dorilocos, which are topped with carrot, jimaca, cucumber, peanuts, pork rinds, spices and hot sauce
food + drink

Trend which requires crisps, a fork and a strong stomach is sweeping Mexico's streets

News
Blackpool is expected to become one of the first places to introduce the Government’s controversial new Public Space Protection Orders (PSPOs)
news

Concerns raised phenomenon is threatening resort's image as a family destination

Life and Style
gaming

I Am Bread could actually be a challenging and nuanced title

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Oscar Pistorius sentencing: The athlete's wealth and notoriety have provoked a long overdue debate on South African prisons

'They poured water on, then electrified me...'

If Oscar Pistorius is sent to jail, his experience will not be that of other inmates
James Wharton: The former Guard now fighting discrimination against gay soldiers

The former Guard now fighting discrimination against gay soldiers

Life after the Army has brought new battles for the LGBT activist James Wharton
Ebola in the US: Panic over the virus threatens to infect President Obama's midterms

Panic over Ebola threatens to infect the midterms

Just one person has died, yet November's elections may be affected by what Republicans call 'Obama's Katrina', says Rupert Cornwell
Premier League coaches join the RSC to swap the tricks of their trades

Darling, you were fabulous! But offside...

Premier League coaches are joining the RSC to learn acting skills, and in turn they will teach its actors to play football. Nick Clark finds out why
How to dress with authority: Kirsty Wark and Camila Batmanghelidjh discuss the changing role of fashion in women's workwear

How to dress with authority

Kirsty Wark and Camila Batmanghelidjh discuss the changing role of fashion in women's workwear
New book on Joy Division's Ian Curtis sheds new light on the life of the late singer

New book on Ian Curtis sheds fresh light on the life of the late singer

'Joy Division were making art... Ian was for real' says author Jon Savage
Sean Harris: A rare interview with British acting's secret weapon

Sean Harris: A rare interview with British acting's secret weapon

The Bafta-winner talks Hollywood, being branded a psycho, and how Barbra Streisand is his true inspiration
Tim Minchin, interview: The musician, comedian and world's favourite ginger is on scorching form

Tim Minchin interview

For a no-holds-barred comedian who is scathing about woolly thinking and oppressive religiosity, he is surprisingly gentle in person
Boris Johnson's boozing won't win the puritan vote

Boris's boozing won't win the puritan vote

Many of us Brits still disapprove of conspicuous consumption – it's the way we were raised, says DJ Taylor
Ash frontman Tim Wheeler reveals how he came to terms with his father's dementia

Tim Wheeler: Alzheimer's, memories and my dad

Wheeler's dad suffered from Alzheimer's for three years. When he died, there was only one way the Ash frontman knew how to respond: with a heartfelt solo album
Hugh Bonneville & Peter James: 'Peter loves his classic cars; I've always pootled along fine with a Mini Metro. I think I lack his panache'

How We Met: Hugh Bonneville & Peter James

'Peter loves his classic cars; I've always pootled along fine with a Mini Metro. I think I lack his panache'
Bill Granger recipes: Our chef's heavenly crab dishes don't need hours of preparation

Bill Granger's heavenly crab recipes

Scared off by the strain of shelling a crab? Let a fishmonger do the hard work so you can focus on getting the flavours right
Radamel Falcao: How faith and love drive the Colombian to glory

Radamel Falcao: How faith and love drive the Colombian to glory

After a remarkable conversion from reckless defender to prolific striker, Monaco's ace says he wants to make his loan deal at Old Trafford permanent
Terry Venables: Premier League managers must not be allowed to dictate who plays and who does not play for England

Terry Venables column

Premier League managers must not be allowed to dictate who plays and who does not play for England
The Inside Word: Brendan Rodgers looks to the future while Roy Hodgson is ghost of seasons past

Michael Calvin's Inside Word

Brendan Rodgers looks to the future while Roy Hodgson is ghost of seasons past