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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.

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