News

Goldman Sachs’ private equity arm is set to announce a £150m investment in insurance group Hastings Direct that will leave chairman Neil Utley cashing in tens of millions of pounds from the business he turned around after buying it in 2008.

The Sketch: MPs shoot the messenger and miss the point

Time to boycott PMQs. This one says this, that one says that, sometimes it's the other way round. It is not merely sterile in itself but the cause of sterility in others.

David Prosser: Barclays raises its voice and finally makes itself heard

Outlook: It’s difficult to see how the state could nationalise Barclays on different terms to Northern Rock

How to take on Goliath in the courts and win

Think you're owed money by banks or government? Swallow your pride and file a claim

Watchdog warns banks of need for 'profound changes'

The banking system must undergo "profound" changes if a repeat of the current collapse is to be avoided in future, the head of the City watchdog warned.

Northern Rock staff to share £8.8m bonus pool

Northern Rock's staff are to share £8.8m in bonuses this week. Most employees at the nationalised bank will get 10 per cent of their salaries, or about £2,000 each, under an agreement approved by the Treasury last year.

Northern Rock bonuses defended

Union leaders today defended bonuses being paid this week to staff at nationalised bank Northern Rock as a reward for their "dedication."

Rock set to boost mortgage lending

Nationalised bank acts after getting more time to repay £26bn state bailout

Northern Rock to slow mortgage redemptions

Troubled mortgage lender Northern Rock unveiled a new strategy today which will see it slow the rate at which it shrinks its mortgage book.

Investors challenge 'unlawful' £50bn Rock bailout

Shareholders in Northern Rock have criticised the Government for encouraging them to keep or buy shares in the stricken bank before nationalising it on terms that will leave them with little or nothing.

Government 'changed story' over Northern Rock nationalisation

Northern Rock's biggest former shareholder has accused the Government of deliberately changing its story over the way in which it had nationalised the bank, in order to avoid having to compensate the stricken mortgage lender's shareholders.

Northern Rock in hunt for finance chief after Godbehere departure

Northern Rock is looking for a new finance director after Ann Godbehere resigned less than a year after joining the nationalised bank.

Northern Rock investors press ahead with court case against Government

Northern Rock's biggest former investor will argue in court next week that the bank's shareholders were "punished" by the Government for being the first lender hit by market turmoil.

Jeremy Warner: Excessive pay is not yet dead

Outlook It's reassuring to see that even in these straitened times, there are still some able to whoop it up as if in the latter stages of the boom. One such is "lucky" John Tiner, a former chief executive of the Financial Services Authority, no less – lucky because he managed to get out of the FSA just before the proverbial hit the fan over Northern Rock and everything else.

Arch-dove Blanchflower to stand down from MPC

The man who tried, and failed, to get the Bank of England to cut interest rates faster and sooner in the face of gathering recession, David Blanchflower, is to leave the Monetary Policy Committee when his term ends in May.

Brown reveals mortgage help scheme

Gordon Brown today announced measures to help families avoid repossession by deferring a proportion of their mortgage interest payments for up to two years.

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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
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Amir Khan: 'The Taliban can threaten me but I must speak out... innocent kids, killed over nothing. It’s sick in the mind'

Amir Khan attacks the Taliban

'They can threaten me but I must speak out... innocent kids, killed over nothing. It’s sick in the mind'
Homeless Veterans appeal: 'You look for someone who's an inspiration and try to be like them'

Homeless Veterans appeal

In 2010, Sgt Gary Jamieson stepped on an IED in Afghanistan and lost his legs and an arm. He reveals what, and who, helped him to make a remarkable recovery
Could cannabis oil reverse the effects of cancer?

Could cannabis oil reverse effects of cancer?

As a film following six patients receiving the controversial treatment is released, Kate Hilpern uncovers a very slippery issue
The Interview movie review: You can't see Seth Rogen and James Franco's Kim Jong Un assassination film, but you can read about it here

The Interview movie review

You can't see Seth Rogen and James Franco's Kim Jong Un assassination film, but you can read about it here
Serial mania has propelled podcasts into the cultural mainstream

How podcasts became mainstream

People have consumed gripping armchair investigation Serial with a relish typically reserved for box-set binges
Jesus Christ has become an unlikely pin-up for hipster marketing companies

Jesus Christ has become an unlikely pin-up

Kevin Lee Light, aka "Jesus", is the newest client of creative agency Mother while rival agency Anomaly has launched Sexy Jesus, depicting the Messiah in a series of Athena-style poses
Rosetta space mission voted most important scientific breakthrough of 2014

A memorable year for science – if not for mice

The most important scientific breakthroughs of 2014
Christmas cocktails to make you merry: From eggnog to Brown Betty and Rum Bumpo

Christmas cocktails to make you merry

Mulled wine is an essential seasonal treat. But now drinkers are rediscovering other traditional festive tipples. Angela Clutton raises a glass to Christmas cocktails
5 best activity trackers

Fitness technology: 5 best activity trackers

Up the ante in your regimen and change the habits of a lifetime with this wearable tech
Paul Scholes column: It's a little-known fact, but I have played one of the seven dwarves

Paul Scholes column

It's a little-known fact, but I have played one of the seven dwarves
Fifa's travelling circus once again steals limelight from real stars

Fifa's travelling circus once again steals limelight from real stars

Club World Cup kicked into the long grass by the continued farce surrounding Blatter, Garcia, Russia and Qatar
Frank Warren column: 2014 – boxing is back and winning new fans

Frank Warren: Boxing is back and winning new fans

2014 proves it's now one of sport's biggest hitters again
Jeb Bush vs Hillary Clinton: The power dynamics of the two first families

Jeb Bush vs Hillary Clinton

Karen Tumulty explores the power dynamics of the two first families
Stockholm is rivalling Silicon Valley with a hotbed of technology start-ups

Stockholm is rivalling Silicon Valley

The Swedish capital is home to two of the most popular video games in the world, as well as thousands of technology start-ups worth hundreds of millions of pounds – and it's all happened since 2009
Did Japanese workers really get their symbols mixed up and display Santa on a crucifix?

Crucified Santa: Urban myth refuses to die

The story goes that Japanese store workers created a life-size effigy of a smiling "Father Kurisumasu" attached to a facsimile of Our Lord's final instrument of torture