News The eye of the storm: Speakes in the White House in 1982

An assassination attempt plunged Larry Speakes into the brightest of national spotlights as chief spokesman for President Ronald Reagan. When Reagan’s press secretary James Brady was severely wounded in the 1981 attempt on the president’s life, Speakes was thrust into the eye of the storm. As White House spokesman for six years, a long tenure in the sensitive post, he was credited with 2,000 news media briefings.

Dash for cash as rate fears spark UK share sell-off

EUROPEAN FUND managers are dumping British and US equities and boosting their stocks of cash because of growing fears of a hike in US interest rates, according to a new survey. Sentiment about Wall Street has hit its most bearish level for more than four years, Merrill Lynch said.

The Investment Column: ICI's new portfolio faces the same old problems

JUST OVER a year ago, it seemed nothing would stop the inexorable rise of ICI's shares. This symbol of great British industry was well up with the national spirit, transforming itself into what it called "New ICI".

Household water bills to be slashed by pounds 1bn

HOUSEHOLD WATER bills are to be slashed by pounds 1bn next week, a saving of around pounds 35 a year for the average domestic customer.

Paxman hands out prizes at Extel analysts' awards

THE AWARDS ceremony for the Primark Extel Survey 1999 went with more than its usual swing this year, thanks to the slick presentational skills of Extel's new American owners, Primark, a giant financial information company.

Merrill Lynch fined pounds 16m for Sumitomo role

MERRILL LYNCH was yesterday hit with a record pounds 6.5m fine by the London Metal Exchange over its involvement in the Sumitomo copper market scandal three years ago.

Cendant unveils Green Flag sale


Buyback promise brings Mepit reprieve

US ARBITRAGEURS yesterday backed out of an attempt to force a wind-up of the pounds 1bn Mercury European Privatisation Investment Trust (Mepit) after the trust's board made the unprecedented promise of an open-ended share buyback.

Economists raise UK forecasts for growth

INDEPENDENT ECONOMISTS have upped their forecasts for UK growth for the first time in more than a year, according to figures released yesterday, with the bulk of experts now confident the economy will escape recession.

MAM to expand Merrill branding

MERCURY ASSET Management, the City fund management group acquired by the American investment bankers Merrill Lynch, is considering dropping the "Mercury" name from some products and markets. It will instead selectively market itself solely under the Merrill brand name.

Bovis runs rule over merger candidates

BOVIS HOMES, the housebuilder spun off from transport group P&O a year ago, is considering a merger with a listed rival in a bid to expand its presence in the North of England.

Investment: Airtours hints at buying spree

AIRTOURS, Britain's second largest tour operator, yesterday reported strong first quarter bookings and hinted at a possible pounds 300m buying spree.

Outlook: GUS complaint leaves a sour taste

IT WAS THE first anniversary yesterday of the launch of Great Universal Stores' hostile bid for the catalogue retailer Argos. It was also the day on which the Takeover Panel chose to throw out the complaint subsequently brought by the GUS chairman, Lord Wolfson, over tactics used by Argos and its advisers, Schroders, in the unsuccessful bid defence.

Games Workshop seeks new markets

GAMES WORKSHOP, the war games company that shocked the market with a profits warning last May, is aiming its battalions at overseas markets in the hope of making up for sluggish growth in the UK.

Federal Mogul lines up pounds 3.6bn LucasVarity bid

FEDERAL MOGUL, the acquisitive US engineering company, is eyeing up a pounds 3.6bn bid for LucasVarity, the motor components and aerospace group led by Victor Rice.
A 1930 image of the Karl Albrecht Spiritousen and Lebensmittel shop, Essen. The shop was opened by Karl and Theo Albrecht’s mother; the brothers later founded Aldi
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Burgundy, the River Rhone & Provence – MS Swiss Corona - seven nights from £999pp
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A land of the outright bizarre
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Facebook: The new hatched, matched and dispatched

The new hatched, matched and dispatched

Family events used to be marked in the personal columns. But now Facebook has usurped the ‘Births, Deaths and Marriages’ announcements
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All of us have one but probably never wondered why. Yet even now, a century after blood types were discovered, it’s a matter of debate what they’re for
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Commonwealth Games 2014: Why weight of pressure rests easy on Michael Jamieson’s shoulders

Michael Jamieson: Why weight of pressure rests easy on his shoulders

The Scottish swimmer is ready for ‘the biggest race of my life’ at the Commonwealth Games
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Amazing video shows Nasa's 'flame extinguishment experiment' in action
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A Bible for billionaires

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Paranoid parenting is on the rise

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