News

Lloyd's of London insurance has appointed its first ever female chief executive in its 325-year history, succeeding Richard Ward.

Market Report: Hopes of fiscal cliff deal lift festive mood

Hopes of a deal in the United States fiscal cliff negotiations lifted stock markets across the world yesterday and boosted feelings that 2012 will end on an economic high. While a record-breaking Santa Rally is almost certainly out of the question, experts said positive news from across the pond could propel markets beyond their current level.

Investment View: It's a good time to be a commercial landlord in capital

Increasingly, London might just as well be considered a separate country when set against the rest of the UK. It's more diverse, it's more liberal in terms of its social attitudes, and its economy is growing really rather nicely.

Aquiline grabs Red Star at £87m

Aquiline Capital Partners, a private-equity firm led by the son of former AIG boss Hank Greenberg, has snapped up Lloyd's of London insurer Equity Red Star for £87m.

The Business Matrix: Thursday 13 December 2012

Puma chief quits after slowdown

Buyer closing in on Red Star

Aquiline Capital Partners, a private-equity firm led by the son of former AIG boss Hank Greenberg, is in the driving seat to buy Lloyd's of London insurer Equity Red Star.

Bidding war begins for troubled Lloyd's insurer

Edi Truell's Tungsten is favourite in race to buy motor insurer Equity Red Star

The Business Matrix: Tuesday 13 November 2012

High street set for festive growth 

We could usefully put eggs in other baskets – but the City is a major part of the economy

The City has become a careless shorthand for the banks and the bad bankers housed within

James Moore: An odd problem for Lloyd's: too much cash undeterred by a run of disasters

Outlook: Lloyd's of London was once the City's problem child. It's now the class prefect. That was driven home by yesterday's results: the insurance market posted its best half-yearly profits for five years.

James Ashton: Continuity creeps back in but it's no bad thing

These past two weeks were meant to be a good time to bury bad news. But much of the corporate trading updates simply confirmed what we already knew.

Blow for NBNK as Co-op is set to buy Lloyds branches

Lord Levene's bid to create a new force in retail banking was thwarted for a second time last night after Lloyds Banking Group said it planned to sell more than 632 branches to the Co-op in a deal worth up to £1.5bn just hours after a last-ditch bid to scupper the tie up.

Lloyds set to press ahead with sell-off to Co-op

Verde deal agreed and talks begin after 11th-hour counter bid from NBNK fails

Anthony Hilton: Discomfort and excitement at Lord Mayor's banquet

Being invited to the Lord Mayor's annual banquet where he hosts the Chancellor of the Exchequer and Governor of the Bank of England has always aroused mixed feelings. On one hand there is the excitement of rubbing shoulders with the great and the good and being present in the Mansion House for one of the great set-piece occasions of the City. On the other is the sheer discomfort of the experience.

Aviva boss Andrew Moss quits amid pay criticism

Shareholders have claimed another high-profile scalp as Britain's biggest insurer announced the abrupt exit of its chief executive.

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Jeremy Clarkson has rejected criticisms of his language, according to BBC director of television Danny Cohen
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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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Flocking round: Beyoncé, Madame Tussauds' latest waxwork, looking fierce in the park
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Judi Dench appeared at the Hay Festival to perform excerpts from Shakespearean plays
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Ronahi Serhat, a PKK fighter, in the Qandil Mountains in Iraqi Kurdistan
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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