News

Government adviser reveals his frustration at talk of bank kindness to zombie businesses

Royal Bank of Scotland is facing an inquiry by banking regulators

RBS ‘drove businesses to collapse before stripping their assets’

Bank faces FCA inquiry over allegations of 'unscrupulous' treatment of small businesses

In brief: Birds Eye owner plans to double business; Latchways results warning; RBS to shed investment banking; Reuters man to chair Investis

Birds Eye owner plans to double size of its business

Iglo Group, whose brands include Birds Eye, has set out plans to double the size of the business to €3.2bn (£2.7bn) by 2020. The chief executive, Elio Leonim Sceti, has put Havas in charge of its marketing strategy. The UK, Italy, Germany and Austria are the group’s largest markets, representing about 85 per cent of turnover.

The Business Matrix: Tuesday 19 November 2013

Mitie profits leap as it dodges cuts

RBS may face huge new bill over loan scandal, UKFI says

Royal Bank of Scotland could face another huge bill as a result of a US mortgage trading scandal, bosses of the government agency charged with overseeing taxpayers' interests in banks warned yesterday.

Market Report: RSA gives second profit warning in a week

The discovery of a black hole in RSA’s Irish accounts sent its shares tumbling yesterday. The insurer suspended three executives at its Irish business late on Friday and warned profits will take a £70m hit this year – its second profit warning in a week.

The failure of the Co-operative Bank was one of over-ambition

Our mutual friends have lost the plot ... let's find out why

We need a full inquiry into the goings-on at the Co-op Bank

Credit rating for RBS falls as 'smallpox' subprime lawsuit costs it $154m

The Royal Bank of Scotland's big plan not to split off its toxic assets into a "bad bank" last night earned it a credit rating downgrade from Standard & Poor's.

Ben Chu: Mark Carney is relaxed about banks' balance sheets – that should worry us

Economic View: The attitude that size doesn't matter as long as there is robust regulation is dangerous folly

Market Report: Chinese recovery helps miners dig in

Signs of a recovering services economy in China and better iron ore prices pushed mining stocks toward the top of the blue chip table yesterday, but even this wasn't enough to dig the Footsie out of a hole. HSBC's Chinese services data suggested the Chinese economy performed well in October while iron ore prices also helped the mood.

EU watchdogs line up hefty fines for RBS over Euribor rate rigging

EU watchdogs are preparing to impose multi-million euro fines on six banks, including Royal Bank of Scotland and HSBC, where traders are suspected of having tried to manipulate Euribor interest rates.

House prices reached new high in August as property market recovery gathers pace

House prices reached a new high in August as the property market recovery gathered pace, official figures have shown.

The Business Matrix: Tuesday 15 October 2013

Christmas to be a cracker for shops 

What the Sunday papers said

The Independent on Sunday: Holiday money firm Travelex set for £1bn  flotation

Travelex, the world’s largest foreign-exchange specialist, is eyeing a float that would see it valued at more than £1bn. The company, owned by private equity firm Apax, is looking to join a number of major names planning to float on the London Stock Exchange, such as Merlin, the owner of the London Eye. It comes a number of months after a potential buyer for Travelex, believed to be from Asia, approached Apax.

The Business Matrix: Monday 14 October 2013

UK savings scheme ‘is not fit for purpose’

A 2 bedroom flat for sale on Oxford Road, Cowley, Oxford. On with Oxford Apartments for £245,000.

House sales at four year high

Surveyors expect the number of transactions and house prices to continue rising

Arts and Entertainment
books
Voices
Caustic she may be, but Joan Rivers is a feminist hero, whether she likes it or not
voicesShe's an inspiration, whether she likes it or not, says Ellen E Jones
Arts and Entertainment
The Doctor and the Dalek meet
tvReview: Doctor Who Into the Dalek more than compensated for last week's nonsensical offering
Sport
Diego Costa
footballEverton 3 Chelsea 6: Diego Costa double has manager purring
Life and Style
3D printed bump keys can access almost any lock
techSoftware needs photo of lock and not much more
Arts and Entertainment
The 'three chords and the truth gal' performing at the Cornbury Music Festival, Oxford, earlier this summer
music... so how did she become country music's hottest new star?
Life and Style
The spy mistress-general: A lecturer in nutritional therapy in her modern life, Heather Rosa favours a Byzantine look topped off with a squid and a schooner
fashionEurope's biggest steampunk convention heads to Lincoln
News
Dr Alice Roberts in front of a
peopleAlice Roberts talks about her new book on evolution - and why her early TV work drew flak from (mostly male) colleagues
News
i100
Arts and Entertainment
Star turns: Montacute House
tv
Career Services

Day In a Page

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The other Mugabe who is lining up for the Zimbabwean presidency

The other Mugabe who is lining up for the Zimbabwean presidency

Wife of President Robert Mugabe appears to have her sights set on succeeding her husband
The model of a gadget launch: Cultivate an atmosphere of mystery and excitement to sell stuff people didn't realise they needed

The model for a gadget launch

Cultivate an atmosphere of mystery and excitement to sell stuff people didn't realise they needed
Alice Roberts: She's done pretty well, for a boffin without a beard

She's done pretty well, for a boffin without a beard

Alice Roberts talks about her new book on evolution - and why her early TV work drew flak from (mostly male) colleagues
Get well soon, Joan Rivers - an inspiration, whether she likes it or not

Get well soon, Joan Rivers

She is awful. But she's also wonderful, not in spite of but because of the fact she's forever saying appalling things, argues Ellen E Jones
Doctor Who Into the Dalek review: A classic sci-fi adventure with all the spectacle of a blockbuster

A fresh take on an old foe

Doctor Who Into the Dalek more than compensated for last week's nonsensical offering
Fashion walks away from the celebrity runway show

Fashion walks away from the celebrity runway show

As the collections start, fashion editor Alexander Fury finds video and the internet are proving more attractive
Meet the stars of TV's Wolf Hall... and it's not the cast of the Tudor trilogy

Meet the stars of TV's Wolf Hall...

... and it's not the cast of the Tudor trilogy
Weekend at the Asylum: Europe's biggest steampunk convention heads to Lincoln

Europe's biggest steampunk convention

Jake Wallis Simons discovers how Victorian ray guns and the martial art of biscuit dunking are precisely what the 21st century needs
Don't swallow the tripe – a user's guide to weasel words

Don't swallow the tripe – a user's guide to weasel words

Lying is dangerous and unnecessary. A new book explains the strategies needed to avoid it. John Rentoul on the art of 'uncommunication'
Daddy, who was Richard Attenborough? Was the beloved thespian the last of the cross-generation stars?

Daddy, who was Richard Attenborough?

The atomisation of culture means that few of those we regard as stars are universally loved any more, says DJ Taylor
She's dark, sarcastic, and bashes life in Nowheresville ... so how did Kacey Musgraves become country music's hottest new star?

Kacey Musgraves: Nashville's hottest new star

The singer has two Grammys for her first album under her belt and her celebrity fans include Willie Nelson, Ryan Adams and Katy Perry
American soldier-poet Brian Turner reveals the enduring turmoil that inspired his memoir

Soldier-poet Brian Turner on his new memoir

James Kidd meets the prize-winning writer, whose new memoir takes him back to the bloody battles he fought in Iraq
Aston Villa vs Hull match preview: Villa were not surprised that Ron Vlaar was a World Cup star

Villa were not surprised that Vlaar was a World Cup star

Andi Weimann reveals just how good his Dutch teammate really is
Bill Granger recipes: Our chef ekes out his holiday in Italy with divine, simple salads

Bill Granger's simple Italian salads

Our chef presents his own version of Italian dishes, taking in the flavours and produce that inspired him while he was in the country
The Last Word: Tumbleweed through deserted stands and suites at Wembley

The Last Word: Tumbleweed through deserted stands and suites at Wembley

If supporters begin to close bank accounts, switch broadband suppliers or shun satellite sales, their voices will be heard. It’s time for revolution