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
Burgundy, the River Rhone & Provence – Five-star MS Swiss Corona 7 nights from £999pp
Lake Como St Moritz & the Bernina Express 7 nights from £809pp
Vietnam
Lake Maggiore, Orta & the Matterhorn 7 nights from £939pp
South Africa
Spain
Prices correct as of 19 December 2014
War with Isis: The West needs more than a White Knight

The West needs more than a White Knight

Despite billions spent on weapons, the US has not been able to counter Isis's gruesome tactics, says Patrick Cockburn
Return to Helmand: Private Davey Graham recalls the day he was shot by the Taliban

'The day I was shot by the Taliban'

Private Davey Graham was shot five times during an ambush in 2007 - it was the first, controversial photograph to show the dangers our soldiers faced in Helmand province
Revealed: the best and worst airlines for delays

Revealed: the best and worst airlines for delays

Many flyers are failing to claim compensation to which they are entitled, a new survey has found
The stories that defined 2014: From the Scottish independence referendum to the Ice Bucket Challenge, our writers voice their opinions

The stories that defined 2014

From the Scottish independence referendum to the Ice Bucket Challenge, our writers voice their opinions
Stoke-on-Trent becomes first British city to be classified as 'disaster resilient' by the United Nations

Disaster looming? Now you know where to head...

Which British city has become the first to be awarded special 'resilience' status by the UN?
Finally, a diet that works: Californian pastor's wildly popular Daniel Plan has seen his congregation greatly reduced

Finally, a diet that works

Californian pastor's wildly popular Daniel Plan has seen his congregation greatly reduced
Say it with... lyrics: The power of song was never greater, according to our internet searches

Say it with... lyrics

The power of song was never greater, according to our internet searches
Professor Danielle George: On a mission to bring back the art of 'thinkering'

The joys of 'thinkering'

Professor Danielle George on why we have to nurture tomorrow's scientists today
Monique Roffey: The author on father figures, the nation's narcissism and New Year reflections

Monique Roffey interview

The author on father figures, the nation's narcissism and New Year reflections
Introducing my anti-heroes of 2014

Introducing my anti-heroes of 2014

Their outrageousness and originality makes the world a bit more interesting, says Ellen E Jones
DJ Taylor: Good taste? It's all a matter of timing...

Good taste? It's all a matter of timing...

It has been hard to form generally accepted cultural standards since the middle of the 19th century – and the disintegration is only going to accelerate, says DJ Taylor
Olivia Jacobs & Ben Caplan: 'Ben thought the play was called 'Christian Love'. It was 'Christie in Love' - about a necrophiliac serial killer'

How we met

Olivia Jacobs and Ben Caplan
Bill Granger recipes: Our chef's breakfasts will revitalise you in time for the New Year

Bill Granger's healthy breakfasts

Our chef's healthy recipes are perfect if you've overindulged during the festive season
Transfer guide: From Arsenal to West Ham - what does your club need in the January transfer window?

Who does your club need in the transfer window?

Most Premier League sides are after a striker, but here's a full run down of the ins and outs that could happen over the next month
The Last Word: From aliens at FA to yak’s milk in the Tour, here’s to 2015

Michael Calvin's Last Word

From aliens at FA to yak’s milk in the Tour, here’s to 2015