HSBC could announce more job cuts on Wednesday, when investors will be told that the chief executive, Stuart Gulliver, will push ahead with plans to produce a leaner, more streamlined bank.

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Preview: listen butch hancock

Cults do not get much more cultish than Butch Hancock. Unjustly a complete unknown to the vast majority of the music-buying public, Butch Hancock is a hero to students of "alternative country". Having started out alongside Joe Ely and Jimmie Dale Gilmore in the legendary Flatlanders in the 1970s, he went on to carve out an idiosyncratic solo career while pursuing his other interests, including photography, art and leading river- raft trips - pushing out tapes on his own Rainlight label. With unique takes on politics and life, such as "Talkin' About That Panama Canal" and "Smokin' In The Rain" taking their place alongside songs such as "West Texas Waltz" and "If You Were a Bluebird" that have been made - relatively - famous by Ely, much of this material now appears on two compilations. But as with the Austin, Texas scene's other oddball multi-talented genius, Terry Allen, Hancock has an independent attitude worthy of somebody often seen as the Lone Star State's answer to Dylan and has therefore enjoyed a career more stop-go than his devoted fans would like. Tuesday, however, sees a rare London appearance at The Weavers, and a new album, "You Coulda Walked Around The World", is imminent, too.

The Agreeable World of Wallace Arnold: Poor, poor Jonathan (not that he was a friend)

I See from my diary that I have, on occasion, found myself at Mr Jonathan Aitken's house in Lord North Street. But my visits have been infrequent: no more than a dozen times a year since the early 1970s, often fewer. Last year, for instance, I visited the building on only 10 occasions, and I have no record of having enjoyed myself at all.

A man, a plan, a canal

Panama was the engineering miracle that changed the world by dividing a continent.

British raider Sasuru lands Prix d'Ispahan

Geoff Wragg's Sasuru continued his relentless progress when landing a short-neck victory over fellow British raider Wixim in the Group One Prix d'Ispahan at Longchamp yesterday.

Racing: Show time for Sangster

Sue Montgomery discovers there is a great deal at stake in today's Classic

Cruising into the future with the ship that dreams are made of

It is not a bird, nor a plane, but one man's vision of the future for luxury cruises.

Panama's mission to conquer Italy

Shergar, Henbit and Quest For Fame all emerged from the Chester Vase to win the Derby and there was another Classic tremor yesterday when Panama City was successful at the Roodeye. They are shaking in their boots at the Capannelle, where Peter Chapple-Hyam's colt is likely to appear next in the Italian Blue Riband.

Panama can crack the Vase: Racing

If the Romans who built Chester ever raced horses on the Roodeye, you can be sure that someone was forever complaining that the big race on the first day of the May meeting was a lousy pointer to forthcoming events at Londinium and Eboracum. A similar charge will no doubt be levelled against the Chester Vase today, as pundits with a persistent grudge against the track's unique contours remind us that no Vase winner has gone on to win the Derby since Shergar in 1981. Those with a more broad-minded view of the future, however, will pay close attention to its outcome.

Mexican nave

The spirit of the Mayans is alive and well in Chiapas.

Search grows for missing boat

While the party celebrations were being cranked up in Perth for the return of the Australian Navy with Tony Bullimore and Thierry Dubois, fears grew for the Canadian yachtsman Gerry Roufs, who also disappeared in the Vendee Globe race.

Four bids for Forest

JON CULLEY

Broker facing censure over Optical flotation

Leading Alternative Investment Market broker Gerrard Vivian Gray is likely to face Stock Exchange censure over the failure of its client Rupert Galliers- Pratt to disclose his directorships in a string of failed companies before his current company, Optical Care (Bermuda), was admitted to AIM in February.

Drugs money donated to Panama's president admits to drugs money helped to elect Panama president says used leader admits drugs

Uncannily mirroring the situation in neighbouring Colombia, Panama's President Ernesto Perez Balladares admitted yesterday that his 1994 election campaign had received funding from Colombia's Cali cocaine cartel.

the open verdict

Anyone who wears high heels in summer is brave, or mad. Thank goodness then that this summer fashion lets you off the hook, because strappy, flatty, thongy things are in. You can pay a couple of hundred pounds for a designer named flip-flop, and the leather will be softer, but really the high street versions are better. Oasis, Clarks and Dorothy Perkins have excelled themselves this season with sandals starting from around pounds 12. The subject of sweaty feet has raised its toe on these pages of late: so make sure the insoles of your sandals is leather, otherwise your feet will slide around like a syrup on a bald man's head when the weather turns hot. Also worth remembering, although not featured here, are more casual sandals such as Birkenstocks (0800 132194) and Panama Jacks (01582 765774), they are comfortable beyond belief. It's also worth spending a few minutes pampering your feet - hard skin and claw-like toe nails defeat the object of a pretty sandal.
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'There is a battle going on inside us that is never discussed'

Masculinity in crisis?

'There is a battle going on inside us that is never discussed'
Have US shock jocks gone too far?

Have US shock jocks gone too far?

An incendiary remark from Rush Limbaugh may be the beginning of the end for outspoken right-wing US broadcasters
The ‘Beverly Hills’ of Surrey pays more income tax than big cities of the North

The ‘Beverly Hills’ of Surrey

Elmbridge pays more income tax than big cities of the North
Heavenly Bodies

Heavenly Bodies

Michael Landy's artistic marriage made in heaven... and hell
'He will always be a friend': Jackie Stewart backs Polanski

'He will always be a friend'

Jackie Stewart backs Roman Polanski
The price of pacifism: Refusing to go to war is finally being recognised as a brave act

The price of pacifism

From the Second World War refusenik to the 19-year-old Israeli, Holly Williams talks to five people who risked shame and suffering to take a stand as conscientious objector.
'It was mass hysteria': Jason Isaacs on groupies, theatre bores and snogging James Bond

Jason Isaacs: Groupies, theatre bores and James Bond

To millions, Jason Isaacs is one of Harry Potter's arch enemies – but his wife prefers him as a Scottish TV detective.
Notes from a small island: Is Sealand an independent 'micronation' or an illegal fortress?

Sealand: 'Micronation' or illegal fortress?

Thomas Hodgkinson spent a week at the tiny platform off the Suffolk coast to find out.
Not a bad bone: Mark Hix cooks with cutlets and ribs

Mark Hix cooks with cutlets and ribs

If you ignore cutlets and ribs, you'll risk missing out on some delicious and easy meals, says our chef.
The experts' guide to summer: From getting fit for the beach to recreating that Olympic buzz

The experts' guide to summer

From getting fit for the beach to recreating that Olympic buzz
Sex, drugs and fast cars: The legend of James Hunt has set Hollywood hearts racing

Legend of James Hunt has set Hollywood hearts racing

Early glimpses of Ron Howard's film Rush suggest it will portray Hunt as a high-living lothario, with an insatiable appetite for partying.
Macklemore: 'I don't have moderation when using drugs and alcohol. It was hurting my life'

Macklemore: 'I don't have moderation'

The next Vanilla Ice or the next Eminem? Macklemore doesn't have a record contract – but he does have the UK's biggest-selling single of the year.
Don't be shy: Bill Granger's Sri Lankan recipes

Don't be shy: Bill Granger's Sri Lankan recipes

Sri Lankan cuisine is light, sunny, wonderfully spiced – and so easy to cook from scratch. Just as soon as you've broken into the coconut, that is.
Sir James Dyson’s latest project: Cleaning up hospitals

Sir James Dyson’s latest project: Cleaning up hospitals

Doctors are hailing the revamp of a Bath neonatal unit, where babies sleep more and feed better, as the model for patient care
One man returns to Argentina's town that drowned

One man returns to Argentina's town that drowned

Epecuen was submerged under 10 metres of water in 1985. Now the floods have gone – and 83-year-old Pablo Novak has moved back in