News

Outlook Billionaire Thomas Sandell is making it quite clear that it will take more than a couple of paracetamol to handle the headache he is causing for FirstGroup.

Leading article: Lehman's dodgy figures

"Rep 105" is not perhaps the phrase that trips most often from ordinary people's tongues. That may well be about to change after yesterday's report by a US court-appointed examiner into the collapse of Lehman Brothers – the world's biggest bankruptcy and the primary cause of the credit crunch that brought the global financial system to a juddering halt in September 2008.

London link to $50bn Lehman cover-up

Damning report reveals how doomed bank hid its debts from the world

Banks seize control of car wash firm in landmark case

A landmark court ruling yesterday that gave senior lenders full control over a struggling business could have major implications for the leveraged buy-out industry and junior mezzanine lenders to distressed companies.

Business Diary: 04/07/2009

More sickening news for Citigroup

An internal memo from Citigroup HQ in New York reaches our desk. Apparently, a member of staff has contracted swine flu and the bank's staff have been instructed to watch out for any symptoms they may develop themselves. As if the credit crisis-hit bank doesn't have enough to worry about.

Tim Tookey: 'Two days with no sleep, but the endurance test was worth it'

A Day in the Life: Lloyds TSB's acting finance director describes the day it became Britain's top bank

E is for e-commerce and ethics

It's tempting for law firms to invest in dot.com clients. But could there be a conflict of interests?

Wanless made first move to lure Sandler to NatWest

DEREK WANLESS, the former group chief executive of National Westminster Bank, tried to lure Ron Sandler, the former chief executive at Lloyd's of London insurance market, to the bank just days before Mr Wanless was ousted last month.

City law boom is creating the UK's first pounds 1m a year solicitors

LEADING LAWYERS in the City of London are earning salaries approaching one million pounds, according to new figures published today.

Law: The transatlantic merger that is making waves

City law firm Clifford Chance's merger with both a German firm and a New York firm has sent shock waves through London - who is next? Is this radical development about to become a trend? By Jonathan Ames

Fresh bid to block Punch

WHITBREAD YESTERDAY admitted it was trying to delay Punch's bid for Allied Domecq's pub estate out of sheer "bloody-mindedness", and because it did not see why Punch should be allowed to take advantage of months of costly work done on Whitbread's behalf.

pounds 800,000 And Up...The Men At The Top Of Corporate Law

Nigel Boardman at Slaughter and May is believed to be one of its senior partners, earning around pounds 900,000 a year. He is a corporate finance expert at this traditional law firm, which has a reputation for paying top salaries but is seen as unwilling to commit itself to an international merger strategy.
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Pompeii, Capri & the Bay of Naples
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Lake Garda
Minoan Crete and Santorini
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Solved after 200 years: the mysterious deaths of 3,000 soldiers from Napoleon's army

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The mysterious deaths of 3,000 soldiers from Napoleon's army
Every regional power has betrayed the Kurds so Turkish bombing is no surprise

Robert Fisk on the Turkey conflict

Every regional power has betrayed the Kurds so Turkish bombing is no surprise
Investigation into wreck of unidentified submarine found off the coast of Sweden

Sunken sub

Investigation underway into wreck of an unidentified submarine found off the coast of Sweden
Instagram and Facebook have 'totally changed' the way people buy clothes

Age of the selfie

Instagram and Facebook have 'totally changed' the way people buy clothes
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Still carrying the torch

The seven teenagers given our Olympic hopes
The West likes to think that 'civilisation' will defeat Isis, but history suggests otherwise

The West likes to think that 'civilisation' will defeat Isis...

...but history suggests otherwise
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Froome wins second Tour de France after triumphant ride into Paris with Team Sky

Tour de France 2015

Froome rides into Paris to win historic second Tour
Fifteen years ago, Concorde crashed, and a dream died. Today, the desire to travel faster than the speed of sound is growing once again

A new beginning for supersonic flight?

Concorde's successors are in the works 15 years on from the Paris crash
I would never quit Labour, says Liz Kendall

I would never quit party, says Liz Kendall

Latest on the Labour leadership contest
Froome seals second Tour de France victory

Never mind Pinot, it’s bubbly for Froome

Second Tour de France victory all but sealed
Oh really? How the 'lowest form of wit' makes people brighter and more creative

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'Lowest form of wit' actually makes people brighter and more creative
A magazine editor with no vanity, and lots of flair

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A tribute to the magazine editor Ingrid Sischy
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In praise of foraging

How the British rediscovered their taste for wild food