News

City analysts have accused Orange and T-Mobile of “dithering” after they axed plans for a £10 billion flotation of EE.

Disaster liner was insured for €405m

Shareholders and insurers of the London Stock Exchange-listed cruise ship operator Carnival Corporation will today be counting the financial cost of the grounding of its Costa Concordia liner.

Network Rail board to discuss chairman shortlist

The shortlist for the next chairman of Network Rail has been drawn up.

Commuters are squeezed enough

Now Miliband supports the 'squeezed commuter'

Train companies should be banned from imposing huge increases to rail fares, Labour said last night as passengers were braced for price hikes of more than 10 per cent in some cases.

James Moore: Rates cap would rein in these malign lenders

Outlook The Insolvency Service prompted another bout of hand-wringing yesterday about payday loans and their malign impact on those that use them.

Market Report: Indian headache forces Vodafone to miss party

While most of its fellow blue-chip stocks were enjoying a pre-Christmas bounce on very light volumes, Vodafone was missing the party. A ticking off from the Indian government meant the telecoms giant was in a sulk yesterday, only managing to edge up 0.5p to 173.55p.

Gas fines over leak delays

The energy regulator Ofgem has fined National Grid Gas and Northern Gas Networks £4.3m and £900,000 respectively, for failing to meet mandatory targets for dealing with their gas leaks on time last winter.

Gas firms fined £5.2m over leaks

Two major utility firms will be fined a combined £5.2 million for failing to attend potentially dangerous gas leaks on time, the energy watchdog said today.

Lack of competition on the buses

The bus industry is to face its most radical shake-up since privatisation 25 years ago, after the Competition Commission found deregulation had left passengers suffering from poor services and higher fares.

Rail costs shift to passengers with ticket price hike

Train companies were yesterday accused of attempting to "bury bad news" about fare increases of up to 8 per cent by announcing "only the barest details" just two weeks in advance and on the day Parliament was packing up for Christmas.

National Express on track as revenues rise

The boss of National Express today said the transport group had finished the year in "excellent shape" as it reported sales growth across all its divisions.

Is the music over for HMV?

Times are tough for the embattled entertainment retailer, with terrible half-year results raising concerns over its future. James Thompson reports

New Revenue blunder: bogus penalty notices

HM Revenue & Customs has already begun sending out penalty notices telling people they have been fined £100, despite the fact that online tax returns are not due until 31 January.

Blacks steps nearer brink as Ashley pulls offer

Mike Ashley's Sports Direct has ended its pursuit of Blacks Leisure, cutting off one possible escape route for the beleaguered outdoor retailer to safeguard its future.

Grid loses US contract amid price row

National Grid has lost its $40m a year (£26m a year) contract to run the Long Island electricity system in New York state after 13 years, amid an investigation into overcharging for its American services.

Gas extraction probe urged over water pollution fears

Tom Greatrex, the shadow energy minister, is demanding a full government investigation into controversial “fracking” technology used to dislodge natural gas trapped in rocks after a new report linked the practice to water pollution for the first time.

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Day In a Page

Independent Travel
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
South Africa
Spain
Prices correct as of 19 December 2014
A timely reminder of the bloody anniversary we all forgot

A timely reminder of the bloody anniversary we all forgot

Who remembers that this week we enter the 150th anniversary year of the end of the American Civil War, asks Robert Fisk
Homeless Veterans appeal: Former soldiers pay their respects to a friend who also served

Homeless Veterans appeal

Former soldiers pay their respects to a friend who also served
Downfall of Dustin 'Screech' Diamond, the 'Saved By The Bell' star charged with bar stabbing

Scarred by the bell

The downfall of the TV star charged with bar stabbing
Why 2014 was a year of technological let-downs

Why 2014 was a year of technological let-downs

Security breaches and overhyped start-ups dominated a year in which very little changed (save the size of your phone)
Cuba's golf revolution: But will the revolutionary nation take 'bourgeois' game to its heart?

Will revolutionary Cuba take 'bourgeois' golf to its heart?

Fidel Castro ridiculed the game – but now investment in leisure resort projects is welcome
The Locked Room Mysteries: As a new collection of the genre’s best is published, its editor Otto Penzler explains the rules of engagement

The Locked Room Mysteries

As a new collection of the genre’s best is published, its editor explains the rules of engagement
Amy Adams on playing painter Margaret Keane in Tim Burton's Big Eyes

How I made myself Keane

Amy Adams hadn’t wanted to take the role of artist Margaret Keane, because she’d had enough of playing victims. But then she had a daughter, and saw the painter in a new light
Ed Richards: Parting view of Ofcom chief. . . we hate jokes on the disabled

Parting view of Ofcom chief... we hate jokes on the disabled

Bad language once got TV viewers irate, inciting calls to broadcasting switchboards. But now there is a worse offender, says retiring head of the media watchdog, Ed Richards
A look back at fashion in 2014: Wear in review

Wear in review

A look back at fashion in 2014
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Ian Herbert: My 10 hopes for sport in 2015

Might just one of them happen?
War with Isis: The West needs more than a White Knight

The West needs more than a White Knight

Despite billions spent on weapons, the US has not been able to counter Isis's gruesome tactics, says Patrick Cockburn
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'The day I was shot by the Taliban'

Private Davey Graham was shot five times during an ambush in 2007 - it was the first, controversial photograph to show the dangers our soldiers faced in Helmand province
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Revealed: the best and worst airlines for delays

Many flyers are failing to claim compensation to which they are entitled, a new survey has found
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