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.

City jobs gloom as Merrill cuts costs by pounds 150 million

MERRILL LYNCH cancelled its Christmas party and warned of bonus cuts yesterday as part of a drive to save pounds 150m a year because of the market turmoil that has slashed the earnings of City investment banks.

Trinity slumps

SHARES IN Trinity fell to a year's low after the regional newspaper group warned that second-half advertising growth had slowed.

Top City analysts poached by US bankers

SALOMON SMITH BARNEY, the United States' investment bank, has poached a team of top City banking analysts from one of its rivals, Dresdner Kleinwort Benson (DKB).

Market Report: Rouble trouble turns the screens red

EQUITIES WERE on the slippery slope again. After two days of progress the roller-coaster stock market was hit by the latest misfortunes of the Russian rouble.

Pearson sells Flextech TV stake

PEARSON, the media group whose interests range from Madame Tussaud's to the Financial Times, yesterday sold its remaining stake in the pay- television company Flextech for pounds 27.6m. Flextech shares closed up 13.5p at 577.5p after the announcement: Pearson gained 25p to 1,055p.

Outlook: Managers may be best judges

ANOTHER DAY, another batch of gloomy economic surveys. Yesterday, it was the turn of UK fund managers and the retailers to turn into Jeremiahs over the state of the UK economy.

Merrill Lynch buys Canadian broker

MERRILL LYNCH, the US investment bank, yesterday bought Midland Walwyn, Canada's last major independent brokerage, for about 1.26bn Canadian dollars ($855m) in stock.

Investment Column: Mixed fortunes in electronics

COMPARED TO Premier Farnell, Electrocomponents has had a quiet year. While the rival electronic parts distributor issued several profit warnings and waved good-bye to its chief executive, Electrocomponents has quietly gone about its business. The two companies' contrasting fortunes has been reflected in their relative share prices: Premier Farnell shares have lost a fifth of their value in the past year while Electrocomponents rose by 42 per cent.

UK fund managers switch to bonds

FEARS OF global economic slowdown have prompted heavy buying of bonds by UK fund managers, according to a survey published yesterday.

The Investment Column: Greenalls full of good ideas

GREENALLS was slow to catch on to the huge investment put into the branded pub market by its competitors. But it is finally doing the right thing and trying to catch up, and underlying operating profits rose 8 per cent to pounds 89.7m in the six months to March.

SFA expels ex-Merrill analyst from register

A FORMER analyst with Merrill Lynch, who used inside information to help his housemates avoid a pounds 175 loss on a share deal, has been expelled from the register of the Securities and Futures Authority (SFA), the stockbrokers' watchdog.

Fund managers see single currency eclipsing sterling

UK FUND managers believe interest rates have peaked and the economy is slowing, and anticipate a further weakening of sterling, according to a survey published yesterday.

Deal set to send European shares soaring

EUROPEAN banking shares are expected to soar today as shock waves from two of the biggest financial deals the world has ever seen reverberate around the world's stock markets.

GUS set to raise offer to clinch Argos deal

GREAT Universal Stores, the mail-order group, is this week expected to add up to 80p a share to its offer for Argos in an attempt to clinch its hostile bid for the catalogue retailer.

US bidders for Energy clash over $2.8bn Texas share plan

A FRESH WAR of words broke out last night between the rival US bidders for Energy Group after one of them, Texas Utilities, was forced to disclose that it may issue shares worth up to $2.8bn to help finance its offer for the company.
Career Services

Day In a Page

Independent Travel
Burgundy
Pompeii, Capri & the Bay of Naples
Lake Garda
Lake Como
Bruges
Paris
Prices correct as of 28 November 2014
Homeless Veterans Christmas Appeal: ‘We give them hope. They come to us when no one else can help’

Christmas Appeal

Meet the charity giving homeless veterans hope – and who they turn to when no one else can help
Should doctors and patients learn to plan humane, happier endings rather than trying to prolong life?

Is it always right to try to prolong life?

Most of us would prefer to die in our own beds, with our families beside us. But, as a GP, Margaret McCartney sees too many end their days in a medicalised battle
Thomas Cook's outgoing boss Harriet Green got by on four hours sleep a night - is that what it takes for women to get to the top?

What does it take for women to get to the top?

Thomas Cook's outgoing boss Harriet Green got by on four hours sleep a night and told women they had to do more if they wanted to get on
Christmas jumper craze: Inside the UK factory behind this year's multicultural must-have

Knitting pretty: British Christmas Jumpers

Simmy Richman visits Jack Masters, the company behind this year's multicultural must-have
French chefs have launched a campaign to end violence in kitchens - should British restaurants follow suit?

French chefs campaign against bullying

A group of top chefs signed a manifesto against violence in kitchens following the sacking of a chef at a Paris restaurant for scalding his kitchen assistant with a white-hot spoon
Radio 4 to broadcast 10-hour War and Peace on New Year's Day as Controller warns of cuts

Just what you need on a New Year hangover...

Radio 4 to broadcast 10-hour adaptation of War and Peace on first day of 2015
Cuba set to stage its first US musical in 50 years

Cuba to stage first US musical in 50 years

Claire Allfree finds out if the new production of Rent will hit the right note in Havana
Christmas 2014: 10 best educational toys

Learn and play: 10 best educational toys

Of course you want them to have fun, but even better if they can learn at the same time
Paul Scholes column: I like Brendan Rodgers as a manager but Liverpool seem to be going backwards not forwards this season

Paul Scholes column

I like Brendan Rodgers as a manager but Liverpool seem to be going backwards not forwards this season
Lewis Moody column: Stuart Lancaster has made all the right calls – now England must deliver

Lewis Moody: Lancaster has made all the right calls – now England must deliver

So what must the red-rose do differently? They have to take the points on offer 
Cameron, Miliband and Clegg join forces for Homeless Veterans campaign

Cameron, Miliband and Clegg join forces for Homeless Veterans campaign

It's in all our interests to look after servicemen and women who fall on hard times, say party leaders
Millionaire Sol Campbell wades into wealthy backlash against Labour's mansion tax

Sol Campbell cries foul at Labour's mansion tax

The former England defender joins Myleene Klass, Griff Rhys Jones and Melvyn Bragg in criticising proposals
Nicolas Sarkozy returns: The ex-President is preparing to fight for the leadership of France's main opposition party – but will he win big enough?

Sarkozy returns

The ex-President is preparing to fight for the leadership of France's main opposition party – but will he win big enough?
Is the criticism of Ed Miliband a coded form of anti-Semitism?

Is the criticism of Miliband anti-Semitic?

Attacks on the Labour leader have coalesced around a sense that he is different, weird, a man apart. But is the criticism more sinister?
Ouija boards are the must-have gift this Christmas, fuelled by a schlock horror film

Ouija boards are the must-have festive gift

Simon Usborne explores the appeal - and mysteries - of a century-old parlour game