News

Online sales climbed a record breaking 58% as HoF celebrated 'best ever' Christmas

Rothschild helps former BP boss get his life back

Tony Hayward went a step further towards putting BP's troubles behind him yesterday, announcing a £1bn venture with Nat Rothschild to invest in the booming emerging markets energy sector. The former BP chief executive and Mr Rothschild, scion of the legendary banking dynasty, are seeking to raise £1bn by listing Vallares, a shell company, on the London Stock Exchange's main market.

BP disaster boss Tony Hayward back in the market

Former BP boss Tony Hayward aims to raise around £1billion with a June listing of an acquisition vehicle that will target oil assets.

Rothschild's firm aims to raise £1bn

An acquisition vehicle backed by financier Nat Rothschild and former BP chief executive Tony Hayward is expected to announce its intention to float as early as next week.

Tides of War by Stella Tillyard

Adventures in a real Regency

Fine wine goes well with a balanced portfolio – but it's getting scarce

As the best vintages outperform every asset but gold, Julian Knight goes to Bordeaux to get a taste of the business

St James's founder to retire

Mike Wilson, one of the founders of St James's Place, is to step down as chairman of the financial services group at the end of the year. Charles Gregson, the chairman of Icap and CPP group, will replace him.

National Gallery selects outpost in North-east England

The ancient battlements and regal dining rooms of a County Durham castle are set to house some of the nation's greatest artistic treasures, after National Gallery officials backed plans to found an unprecedented outpost for the London institution in north-east England.

BP's 'scapegoat' strikes it rich with Rothschild & Co

Year on from oil spill, ex-boss is in the money

Jaeger halts sale after low offers

The owners of Jaeger have decided against selling the up-market fashion group after potential buyers were put off by the price tag of about £100m slapped on the business.

Diary: Piers bigs up American appeal

There goes Piers Morgan again, overstating the size of something modestly proportioned. Morgan tells Radio Times: "They reckon 3-400 million watch [Piers Morgan Tonight on CNN] every night." His interviewer consulted "Them" – a CNN spokesman – who "clarified that '300m is a potential nightly audience' globally". So that potential audience includes me, even though I've never watched it (except for the silliest bits, on YouTube). Still, Morgan won't mind me saying so, as he claims to miss the irreverence of the British. When he was last in the UK, shopping at Boots in Kensington (I know it well), the cashier pointed over his shoulder at a group of old ladies and asked, "Is that your fan club?", then burst out laughing. "And I thought, that would never happen in America."

City bankers sue UBS over tax turkey

A group of top Rothschild investment bankers are suing the Swiss banking giant UBS for losses of £1.25m they suffered from a "highly aggressive tax avoidance" plan that went wrong.

Joules nearly doubles profits after strong year

Joules nearly doubled its profits last year and remains upbeat about its growth prospects, despite trading conditions on the high street remaining "tough".

Joan Smith: When is a house not a home? When it's a council house

We know how strongly the Conservative Party feels about where people live. Home is very important to Tory politicians, so much so that their ambition is to lift the inheritance tax threshold so that families can more easily stay there. The proposal delighted Middle England when it was announced in 2007, and it's only the annoying circumstance of a financial crisis that's persuaded the present government to postpone it. Clearly it's unfair for families to be faced with selling much-loved homes after 20 years or more just to pay death duties. Stable communities where people know their neighbours and support each other are central to the Big Society.

HgCapital mulls sale of Americana

The private-equity group HgCapital is believed to be considering a sale of Americana International, which owns popular fashion label Bench.

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