News The over-budget decontamination of Sellafield by the NMP consortium has been the subject of repeated criticism

‘This is a massive indictment of NMP’s failure to deliver’ says environmental consultant after reading letters written to clean-up consortium

Retail sales slip back 1 per cent as fashion stores weather April showers

The wettest April on record "washed away" sales of summer clothing and footwear, it emerged yesterday, leaving retailers hoping for a revival in their fortunes from the Diamond Jubilee and the Olympic Games.

Clinton Cards in turnaround struggle

Embattled retailer's chief completes review after failed bid to sell company

First victims of MF Global paid out

The Financial Services Compensation Scheme has made its first payout to victims of the collapse of MF Global. It has paid £130,000 to customers of the broking firm after receiving more than 4,000 claims from victims. However, it did not reveal how many of these were accounted for in the first payout.

ETX Capital in talks to buy crisis-hit WorldSpreads

ETX Capital is in exclusive negotiations to buy its collapsed spread-betting rival WorldSpreads. Talks have been ongoing over the weekend and a deal is likely to be announced within the next 24 hours.

ETX poised to swoop on its collapsed rival WorldSpreads

Deal likely to be announced in next 24 hours after weekend negotiations

Administrators find £13m black hole in WorldSpreads accounts

Customers of a spread betting firm are likely to be left seeking compensation after an estimated £13 million black hole in its accounts was revealed today.

Banks 'set for more job losses'

Further job losses in the banking sector are on the way, a report said today, after the eurozone debt crisis, compensation costs and higher taxes slashed the combined profits of the UK's five biggest banks.

Business week in review

In profit...

After scandal, Swiss come clean with a new governor

The uproar over his wife's currency dealings may have cost Swiss National Bank governor Philipp Hildebrand his job, but the auditors have at least given his likely successor Thomas Jordan a clean bill of health.

Shops struggle but bright for food

Hopes that the high street has turned the corner were dashed yesterday as retailers posted another fall in underlying sales.

Edinburgh Woollen Mill buys Peacocks

The Scottish clothing group Edinburgh Woollen Mill has acquired the fashion chain Peacocks out of administration, saving 6,000 jobs.

3,100 jobs lost but Peacocks is saved

More than 3,000 jobs were lost today after ailing fashion chain Peacocks was sold out of administration.

'End big four's domination of listed audit market' call

The major challengers to the big four accountants have told the Competition Commission (CC) that the audit market for listed companies must be opened up for the good of British business.

Sir Stelios set to vote against easyJet directors

Sir Stelios Haji-Ioannou set the scene for a stormy annual general meeting of easyJet next Thursday as the company's founder saidhe would vote against there-election of a string ofdirectors and its pay report.

Peacocks: Budget fashion chain is set to go into administration after failing to restructure its £600m debts

New fears for jobs at Peacocks

Thousands of staff at collapsed retailer Peacocks were facing further uncertainty today after it was reported that only one company remains in the race to salvage the firm.

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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
Ukraine crisis: The phoney war is over as Russian troops and armour pour across the border

The phoney war is over

Russian troops and armour pour into Ukraine
Potatoes could be off the menu as crop pests threaten UK

Potatoes could be off the menu as crop pests threaten UK

The world’s entire food system is under attack - and Britain is most at risk, according to a new study
Gangnam smile: why the Chinese are flocking to South Korea to buy a new face

Gangnam smile: why the Chinese are flocking to South Korea to buy a new face

Seoul's plastic surgery industry is booming thanks to the popularity of the K-Pop look
From Mozart to Orson Welles: Creative geniuses who peaked too soon

Creative geniuses who peaked too soon

After the death of Sandy Wilson, 90, who wrote his only hit musical in his twenties, John Walsh wonders what it's like to peak too soon and go on to live a life more ordinary
Caught in the crossfire of a cyber Cold War

Caught in the crossfire of a cyber Cold War

Fears are mounting that Vladimir Putin has instructed hackers to target banks like JP Morgan
Salomé's feminine wiles have inspired writers, painters and musicians for 2,000 years

Salomé: A head for seduction

Salomé's feminine wiles have inspired writers, painters and musicians for 2,000 years. Now audiences can meet the Biblical femme fatale in two new stage and screen projects
From Bram Stoker to Stanley Kubrick, the British Library's latest exhibition celebrates all things Gothic

British Library celebrates all things Gothic

Forthcoming exhibition Terror and Wonder: The Gothic Imagination will be the UK's largest ever celebration of Gothic literature
The Hard Rock Café's owners are embroiled in a bitter legal dispute - but is the restaurant chain worth fighting for?

Is the Hard Rock Café worth fighting for?

The restaurant chain's owners are currently embroiled in a bitter legal dispute
Caribbean cuisine is becoming increasingly popular in the UK ... and there's more to it than jerk chicken at carnival

In search of Caribbean soul food

Caribbean cuisine is becoming increasingly popular in the UK ... and there's more to it than jerk chicken at carnival
11 best face powders

11 best face powders

Sweep away shiny skin with our pick of the best pressed and loose powder bases
England vs Norway: Roy Hodgson's hands tied by exploding top flight

Roy Hodgson's hands tied by exploding top flight

Lack of Englishmen at leading Premier League clubs leaves manager hamstrung
Angel Di Maria and Cristiano Ronaldo: A tale of two Manchester United No 7s

Di Maria and Ronaldo: A tale of two Manchester United No 7s

They both inherited the iconic shirt at Old Trafford, but the £59.7m new boy is joining a club in a very different state
Israel-Gaza conflict: No victory for Israel despite weeks of death and devastation

Robert Fisk: No victory for Israel despite weeks of devastation

Palestinians have won: they are still in Gaza, and Hamas is still there
Mary Beard writes character reference for Twitter troll who called her a 'slut'

Unlikely friends: Mary Beard and the troll who called her a ‘filthy old slut’

The Cambridge University classicist even wrote the student a character reference
America’s new apartheid: Prosperous white districts are choosing to break away from black cities and go it alone

America’s new apartheid

Prosperous white districts are choosing to break away from black cities and go it alone