News

The mistake resulted in the share price of Britain’s largest bank rising more than 10 per cent

Beazley eyeing deals as Lloyd's gets set for an M&A boom

Beazley, the Lloyd's of London insurer, said yesterday it was on the hunt for deals as bankers eye a boom in mergers and acquisitions among companies that do business at the 320-year-old insurance market.

The Business On... Martin Wheatley, City Regulator

Do I know him?

Investment Column: M&B's trencherman focus earns its crust

Aquarius Platinum; London Stock Exchange

Hayward in the running for Glencore board role

Tony Hayward, the former chief executive of BP who was forced to step down in the wake of the devastating Gulf of Mexico oil spill, has emerged as a possible candidate for a board seat at Glencore, the world's biggest commodities trader.

Leading article: A deal that poses many questions

From the business point of view, BP has moved with commendable dispatch to identify new opportunities, following its debacle in the US. Regardless of how the various inquiries find – and the first was less damning of BP than many expected – the company's name will be sullied there for a long time. Looking east, to a Russia once again interested in joint ventures, is a canny course to take.

Business Diary: Lion's share goes to wrong man

Our compliments to David Buik, the BGC Partners commentator who has been doing such sterling work defending the bankers and their bonuses in recent days. Still, yesterday's blog didn't quite make sense. Entitled "Bob Diamond – Androcles in the lion's den, I don't think so", Buik forecast there would only be one winner in the battle between Bob Diamond and the Treasury Select Committee: the Barclays man. But the point of the famous tale is that Androcles was the winner – he was pardoned in the gladiatorial arena after a lion which he had once cared for refused to attack him. Time to spend a bit of that City pay packet on a decent book of fables.

Mongolia declares diplomatic war on Britain over arrested spy

Lucrative contracts threatened as agent languishes in Wandsworth prison

IPO market bounces back

The amount of money raised in UK initial public offerings this year is 500 per cent up on 2009, with investors pumping £10.1bn into 89 companies listing on the London Stock Exchange's main market or on the Alternative Investment Market.

Business Diary: A flotation that’s all about Me Me Me

We're not sure what to make of Cathal Morrow, who has come up with a novel idea for a protest against all that is wrong with our financial system. He plans to float himself on the London Stock Exchange – as Me Me Me plc – and is soliciting support from would-be shareholders.

Promethean shares plunge as schools budgets are cut back

The classroom technology group Promethean World has discovered the downside of a public listing in its first year after a profits warning sent shares crashing over 30 per cent.

LSE takes aim at rivals as it gears up to move into derivatives

Xavier Rolet, chief executive of the London Stock Exchange, is squaring up for a potential legal battle with rival derivative exchanges as he prepares the company to take on their businesses.

Investors still Desire Rachel despite some rocky debris

Shares in the Falklands-focused oil explorer Desire Petroleum bounced back yesterday, gaining more than 10 per cent despite the apparent failure of a closely watched sidetrack well at its Rachel prospect in the South Atlantic.

Market Report: Regulation fears cause PartyGaming to drop

Fears of Europe being hit by strict regulations on internet gambling caused one of the sector's biggest names, PartyGaming, to take a tumble last night.

FTSE lays down the law to foreign firms listing in London

The FTSE has set tough new rules for foreign companies planning to list on its major indices, which will change the structures of a swathe of London flotations next year.

Market Report: Surge of copper miners led by Chilean operator

There was really only one game in town yesterday, as a surge in London's miners dominated the FTSE 100. Seven of the top 10 risers were in mining, as commodity prices stormed higher.

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Independent Travel
Pompeii, Capri & the Bay of Naples
Dubrovnik, the Dalmatian Coast & Montenegro
Burgundy, the River Rhone & Provence
Lisbon, Oporto and the Douro Valley
Lake Garda, Venice & Verona
Spain
Prices correct as of 23 January 2015
Syria crisis: Celebrities call on David Cameron to take more refugees as one young mother tells of torture by Assad regime

Celebrities call on David Cameron to take more Syrian refugees

One young mother tells of torture by Assad regime
Iraq invasion 2003: The bloody warnings six wise men gave to Tony Blair as he prepared to launch poorly planned campaign

What the six wise men told Tony Blair

Months before the invasion of Iraq in 2003, experts sought to warn the PM about his plans. Here, four of them recall that day
25 years of The Independent on Sunday: The stories, the writers and the changes over the last quarter of a century

25 years of The Independent on Sunday

The stories, the writers and the changes over the last quarter of a century
Homeless Veterans appeal: 'Really caring is a dangerous emotion in this kind of work'

Homeless Veterans appeal

As head of The Soldiers' Charity, Martin Rutledge has to temper compassion with realism. He tells Chris Green how his Army career prepared him
Wu-Tang Clan and The Sexual Objects offer fans a chance to own the only copies of their latest albums

Smash hit go under the hammer

It's nice to pick up a new record once in a while, but the purchasers of two latest releases can go a step further - by buying the only copy
Geeks who rocked the world: Documentary looks back at origins of the computer-games industry

The geeks who rocked the world

A new documentary looks back at origins of the computer-games industry
Belle & Sebastian interview: Stuart Murdoch reveals how the band is taking a new direction

Belle & Sebastian is taking a new direction

Twenty years ago, Belle & Sebastian was a fey indie band from Glasgow. It still is – except today, as prime mover Stuart Murdoch admits, it has a global cult following, from Hollywood to South Korea
America: Land of the free, home of the political dynasty

America: Land of the free, home of the political dynasty

These days in the US things are pretty much stuck where they are, both in politics and society at large, says Rupert Cornwell
A graphic history of US civil rights – in comic book form

A graphic history of US civil rights – in comic book form

A veteran of the Fifties campaigns is inspiring a new generation of activists
Winston Churchill: the enigma of a British hero

Winston Churchill: the enigma of a British hero

A C Benson called him 'a horrid little fellow', George Orwell would have shot him, but what a giant he seems now, says DJ Taylor
Growing mussels: Precious freshwater shellfish are thriving in a unique green project

Growing mussels

Precious freshwater shellfish are thriving in a unique green project
Diana Krall: The jazz singer on being friends with Elton John, outer space and skiing in Dubai

Diana Krall interview

The jazz singer on being friends with Elton John, outer space and skiing in Dubai
Pinstriped for action: A glimpse of what the very rich man will be wearing this winter

Pinstriped for action

A glimpse of what the very rich man will be wearing this winter
Russell T Davies & Ben Cook: 'Our friendship flourished online. You can share some very revelatory moments at four in the morning…'

Russell T Davies & Ben Cook: How we met

'Our friendship flourished online. You can share some very revelatory moments at four in the morning…'
Bill Granger recipes: Our chef serves up his favourite Japanese dishes

Bill Granger's Japanese recipes

Stock up on mirin, soy and miso and you have the makings of everyday Japanese cuisine