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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Burgundy, the River Rhone & Provence – MS Swiss Corona - seven nights from £999pp
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A new Russian revolution: Cracks start to appear in Putin’s Kremlin power bloc

A new Russian revolution

Cracks start to appear in Putin’s Kremlin power bloc
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Apartheid’s sadistic killer that his country cannot forgive

The debate rages in South Africa over whether Eugene de Kock should ever be released from jail
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Standing my ground

If sitting is bad for your health, what happens when you stay on your feet for a whole month?
Commonwealth Games 2014: Dai Greene prays for chance to rebuild after injury agony

Greene prays for chance to rebuild after injury agony

Welsh hurdler was World, European and Commonwealth champion, but then the injuries crept in
Israel-Gaza conflict: Secret report helps Israelis to hide facts

Patrick Cockburn: Secret report helps Israel to hide facts

The slickness of Israel's spokesmen is rooted in directions set down by pollster Frank Luntz
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The man who dared to go on holiday

New York's mayor has taken a vacation - in a nation that has still to enforce paid leave, it caused quite a stir, reports Rupert Cornwell
Best comedians: How the professionals go about their funny business, from Sarah Millican to Marcus Brigstocke

Best comedians: How the professionals go about their funny business

For all those wanting to know how stand-ups keep standing, here are some of the best moments
The Guest List 2014: Forget the Man Booker longlist, Literary Editor Katy Guest offers her alternative picks

The Guest List 2014

Forget the Man Booker longlist, Literary Editor Katy Guest offers her alternative picks
Jokes on Hollywood: 'With comedy film audiences shrinking, it’s time to move on'

Jokes on Hollywood

With comedy film audiences shrinking, it’s time to move on
It's the best of British art... but not all is on display

It's the best of British art... but not all is on display

Voted for by the British public, the artworks on Art Everywhere posters may be the only place where they can be seen
Critic claims 'I was the inspiration for Blanche DuBois'

Critic claims 'I was the inspiration for Blanche DuBois'

Blanche Marvin reveals how Tennessee Williams used her name and an off-the-cuff remark to create an iconic character
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Sometimes it's hard to be a literary novelist

Websites offering your ebooks for nothing is only the latest disrespect the modern writer is subjected to, says DJ Taylor
Edinburgh Fringe 2014: The comedy highlights, from Bridget Christie to Jack Dee

Edinburgh Fringe 2014

The comedy highlights, from Bridget Christie to Jack Dee
Dame Jenny Abramsky: 'We have to rethink. If not, museums and parks will close'

Dame Jenny Abramsky: 'We have to rethink. If not, museums and parks will close'

The woman stepping down as chair of the Heritage Lottery Fund is worried