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.

London link to $50bn Lehman cover-up

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

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.

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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A cleaner prepares the red carpet for the opening night during the 59th International Cannes Film Festival May 17, 2006 in Cannes, France.
newsPowerful vacuum cleaners to be banned under EU regulations
Arts and Entertainment
Loaded weapon: drugs have surprise side effects for Scarlett Johansson in Luc Besson’s ‘Lucy’
filmReview: Lucy, Luc Besson's complex thriller
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Mosul dam was retaken with the help of the US
voicesRobert Fisk: Barack Obama is following the jihadists’ script
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A polar bear’s diet is rich in seal blubber and half of its own body weight is composed of fat
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Life and Style
fashion David Beckham fronts adverts for his underwear collection
Travel
Flocking round: Beyoncé, Madame Tussauds' latest waxwork, looking fierce in the park
travelIn a digital age when we have more access than ever to the stars, why are waxworks still pulling in crowds?
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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
Air strikes? Talk of God? Obama is following the jihadists’ script

Air strikes? Talk of God? Obama is following the jihadists’ script

The President came the nearest he has come yet to rivalling George W Bush’s gormless reaction to 9/11 , says Robert Fisk
Ebola outbreak: Billy Graham’s son declares righteous war on the virus

Billy Graham’s son declares righteous war on Ebola

A Christian charity’s efforts to save missionaries trapped in Africa by the crisis have been justifiably praised. But doubts remain about its evangelical motives
Jeremy Clarkson 'does not see a problem' with his racist language on Top Gear, says BBC

Not even Jeremy Clarkson is bigger than the BBC, says TV boss

Corporation’s head of television confirms ‘Top Gear’ host was warned about racist language
Nick Clegg the movie: Channel 4 to air Coalition drama showing Lib Dem leader's rise

Nick Clegg the movie

Channel 4 to air Coalition drama showing Lib Dem leader's rise
Philip Larkin: Misogynist, racist, miserable? Or caring, playful man who lived for others?

Philip Larkin: What will survive of him?

Larkin's reputation has taken a knocking. But a new book by James Booth argues that the poet was affectionate, witty, entertaining and kind, as hitherto unseen letters, sketches and 'selfies' reveal
Madame Tussauds has shown off its Beyoncé waxwork in Regent's Park - but why is the tourist attraction still pulling in the crowds?

Waxing lyrical

Madame Tussauds has shown off its Beyoncé waxwork in Regent's Park - but why is the tourist attraction still pulling in the crowds?
Texas forensic astronomer finally pinpoints the exact birth of impressionism

Revealed (to the minute)

The precise time when impressionism was born
From slow-roasted to sugar-cured: how to make the most of the British tomato season

Make the most of British tomatoes

The British crop is at its tastiest and most abundant. Sudi Pigott shares her favourite recipes
10 best men's skincare products

Face it: 10 best men's skincare products

Oscar Quine cleanses, tones and moisturises to find skin-savers blokes will be proud to display on the bathroom shelf
Malky Mackay allegations: Malky Mackay, Iain Moody and another grim day for English football

Mackay, Moody and another grim day for English football

The latest shocking claims do nothing to dispel the image that some in the game on these shores exist in a time warp, laments Sam Wallace
La Liga analysis: Will Barcelona's hopes go out of the window?

Will Barcelona's hopes go out of the window?

Pete Jenson starts his preview of the Spanish season, which begins on Saturday, by explaining how Fifa’s transfer ban will affect the Catalans
Middle East crisis: We know all too much about the cruelty of Isis – but all too little about who they are

We know all too much about the cruelty of Isis – but all too little about who they are

Now Obama has seen the next US reporter to be threatened with beheading, will he blink, asks Robert Fisk
Neanderthals lived alongside humans for centuries, latest study shows

Final resting place of our Neanderthal neighbours revealed

Bones dated to 40,000 years ago show species may have died out in Belgium species co-existed
Scottish independence: The new Scots who hold fate of the UK in their hands

The new Scots who hold fate of the UK in their hands

Scotland’s immigrants are as passionate about the future of their adopted nation as anyone else
Britain's ugliest buildings: Which monstrosities should be nominated for the Dead Prize?

Blight club: Britain's ugliest buildings

Following the architect Cameron Sinclair's introduction of the Dead Prize, an award for ugly buildings, John Rentoul reflects on some of the biggest blots on the UK landscape