News
Tricky times mean the precious metal is hard to find

Rio Tinto deal with Chinalco falling apart at eleventh hour

Mining group now looking at alternatives to $19.5bn alliance with China

Third of BP's shareholders reject director bonus plans

Chairman's links with RBS draw ire from investors

Rio hires new chairman to take up fight for Chinalco agreement

Jan Du Plessis faces battle to convince shareholders and regulators

Niall Fitzgerald favourite to take over chair of BP

Niall Fitzgerald, the deputy chairman of Thomson Reuters, has emerged as one of the favourites to succeed Peter Sutherland as chairman of BP when he steps down in April.

Rio investors to argue for rights issue

Shareholders of troubled miner Rio Tinto will argue they would have been better-served by a rights issue than the company’s preferred fund-raising plan to tackle its mammoth $40 bn of debt when they meet the world's second-largest miner’s management in coming weeks.

Rio and BHP battle over world’s biggest copper mine

Rio Tinto, the embattled FTSE 100 mining giant, rebuffed a “low ball” offer from rival BHP Billiton for its stake in the world’s biggest copper mine last month.

Jeremy Warner: Right way forward for Rio, or another Chinese takeaway?

Outlook In attempting to address its short-term financing needs, Rio Tinto seems to be selling its soul. With credit about as scarce as hen's teeth, lots of companies are facing a similar dilemma – sell choice assets for bottom-of-the-market prices, or go down.

Rio Tinto plans $19.5bn Chinese deal to pay debt

Convertible bonds scheme will double Chinalco's stake to 18 per cent once exercised

Jeremy Warner: Unpopular Tarp gets Obama treatment

Like everything else devised by the Bush administration, the $700bn Troubled Asset Relief Programme (Tarp) for bailing out the US banking system is being rethought.

Rio struggles to sell assets to cut debt burden

Rio Tinto, the miner struggling with a $40 bn debt mountain of which about a quarter is due to be paid back in October, has shortlisted companies including buyout firms Apollo and Bain to buy its borates and talc business, which it is trying to sell for as much as $1 bn. The firms are among five on the list, including one more buyout firm, a Chinese bidder and a European company, which are undertaking due diligence and plan to make firm bids for the unit at the end of February, said sources familiar with the matter. The sale of its talc and borates business is one of several auctions the company is conducting. The London and Sydney-based miner put its engineered products and packaging units up for sale early last year. But neither has yet been sold as both processes have stalled.

Oligarch turns to Rothschild over Rusal debt

United Company Rusal, the aluminium giant in effect controlled by Russian oligarch Oleg Deripaska, has called in the London office of investment bank Rothschild to restructure its $14bn (£9.5bn) debt burden.

Jeremy Warner: Unfinished business at Rio for Skinner

Outlook The oil giant BP has spent months wooing Paul Skinner to take over from Peter Sutherland as chairman, and finally it seems to have bagged its man, with news yesterday that Mr Skinner will be quitting as chairman of Rio Tinto in April. With an accomplished history in the oil industry, albeit with BP's big rival Shell, Mr Skinner ought to fit the position hand in glove. Yet first, he must deal with a little unfinished business.

Rio Tinto breaks all records with earnings of $6.91bn

Strong commodity prices are helping Rio Tinto, the world's second largest mining company, to beat all its records – and it is still saying no to rival and suitor BHP Billiton.

Rio Tinto brandishes best-ever figures to fend off BHP

Rio Tinto brandished a record annual profit yesterday to bolster its case against a $147bn (£74bn) hostile takeover offer from BHP Billiton.

BHP pledges to fight on after Rio Tinto rejects improved £75bn bid

The board of Rio Tinto rejected a sweetened £75bn bid from BHP Billiton yesterday, setting the stage for a drawn-out take-over battle as BHP pledged to push ahead with its hostile offer by taking it direct to its rival's shareholders.

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Prices correct as of 28 November 2014
Homeless Veterans Christmas Appeal: ‘We give them hope. They come to us when no one else can help’

Christmas Appeal

Meet the charity giving homeless veterans hope – and who they turn to when no one else can help
Should doctors and patients learn to plan humane, happier endings rather than trying to prolong life?

Is it always right to try to prolong life?

Most of us would prefer to die in our own beds, with our families beside us. But, as a GP, Margaret McCartney sees too many end their days in a medicalised battle
Thomas Cook's outgoing boss Harriet Green got by on four hours sleep a night - is that what it takes for women to get to the top?

What does it take for women to get to the top?

Thomas Cook's outgoing boss Harriet Green got by on four hours sleep a night and told women they had to do more if they wanted to get on
Christmas jumper craze: Inside the UK factory behind this year's multicultural must-have

Knitting pretty: British Christmas Jumpers

Simmy Richman visits Jack Masters, the company behind this year's multicultural must-have
French chefs have launched a campaign to end violence in kitchens - should British restaurants follow suit?

French chefs campaign against bullying

A group of top chefs signed a manifesto against violence in kitchens following the sacking of a chef at a Paris restaurant for scalding his kitchen assistant with a white-hot spoon
Radio 4 to broadcast 10-hour War and Peace on New Year's Day as Controller warns of cuts

Just what you need on a New Year hangover...

Radio 4 to broadcast 10-hour adaptation of War and Peace on first day of 2015
Cuba set to stage its first US musical in 50 years

Cuba to stage first US musical in 50 years

Claire Allfree finds out if the new production of Rent will hit the right note in Havana
Christmas 2014: 10 best educational toys

Learn and play: 10 best educational toys

Of course you want them to have fun, but even better if they can learn at the same time
Paul Scholes column: I like Brendan Rodgers as a manager but Liverpool seem to be going backwards not forwards this season

Paul Scholes column

I like Brendan Rodgers as a manager but Liverpool seem to be going backwards not forwards this season
Lewis Moody column: Stuart Lancaster has made all the right calls – now England must deliver

Lewis Moody: Lancaster has made all the right calls – now England must deliver

So what must the red-rose do differently? They have to take the points on offer 
Cameron, Miliband and Clegg join forces for Homeless Veterans campaign

Cameron, Miliband and Clegg join forces for Homeless Veterans campaign

It's in all our interests to look after servicemen and women who fall on hard times, say party leaders
Millionaire Sol Campbell wades into wealthy backlash against Labour's mansion tax

Sol Campbell cries foul at Labour's mansion tax

The former England defender joins Myleene Klass, Griff Rhys Jones and Melvyn Bragg in criticising proposals
Nicolas Sarkozy returns: The ex-President is preparing to fight for the leadership of France's main opposition party – but will he win big enough?

Sarkozy returns

The ex-President is preparing to fight for the leadership of France's main opposition party – but will he win big enough?
Is the criticism of Ed Miliband a coded form of anti-Semitism?

Is the criticism of Miliband anti-Semitic?

Attacks on the Labour leader have coalesced around a sense that he is different, weird, a man apart. But is the criticism more sinister?
Ouija boards are the must-have gift this Christmas, fuelled by a schlock horror film

Ouija boards are the must-have festive gift

Simon Usborne explores the appeal - and mysteries - of a century-old parlour game