News

Shares fell as much as 14% in early trading after company warned on 2014 profit outlook

Kazakhstan and founders mull bid for Central Asian miner ENRC

Shares in Eurasian Natural Resources Corporation (ENRC) jumped by  26 per cent yesterday after a consortium of key shareholders in the Kazakh miner announced they were considering an offer for the company.

Vincent Tchenguiz, a British-Iranian businessman, is being sued by the private intelligence agency for £330,000 for breach of contract

Beware the Black Cube: intelligence agency slaps Vincent Tchenguiz with a lawsuit

Wealthy businessman faces legal wrath of Israeli veterans he hired to help in £300m fight with SFO

Miracle crop, “jatropha”.

How an eco-pioneer from Torquay launched a miracle crop, risked a fortune, and ended up in a Cambodian prison

Gregg Fryett sold a green miracle to his investors – and now they could lose up to £32m

MPs savage former Serious Fraud Office chief as 'sloppy and slovenly'

Huge payouts for top staff were not properly approved, Commons committee is told

Anthony Hilton: Credit rating agencies? You cannot be serious

The big change this week was that the UK was no longer rated triple A by the credit analysts at Moody's and there was apprehension at how the markets would react.

James Moore: BAE's buyback hardly diverts attention from its huge pensions black hole

Outlook BAE Systems has been a byword for bad news in recent years but long-suffering investors were finally given something to smile about. The company's results weren't as bad as had been feared and there was a cherry on top of the cake in the form of an unexpected £1bn share buyback.

Rolls-Royce selects Gold to lead probe

Rolls-Royce has named Lord Gold, the City lawyer investigating the cash-for-access scandal in the Tory party, to investigate its compliance practices after the company last month revealed possible corruption in China and Indonesia.

Rolls-Royce inquiry into Chinese bribery claims

Rolls-Royce has named Lord Gold, the City lawyer investigating the cash-for-access scandal in the Tory party, to investigate its compliance practices after the company last month revealed possible corruption in China and Indonesia.

UBS fined $1.5bn for rate fixing in Libor scandal

Regulators and prosecutors in the UK, US and Switzerland have hit UBS with $1.5bn (£920m) in fines as they adopt an increasingly aggressive approach in cracking down on banks that manipulated the Libor interest rate, the benchmark for pricing trillions of dollars of financial contracts.

Hewlett-Packard takes £5.5bn hit after accusing UK firm Autonomy of fiddled accounts

Hewlett-Packard took an 8.8 billion US dollar (£5.5 billion) hit today as it accused former staff at a UK software company it bought last year of cooking the books.

EADS inquiry into Saudi bribe claims

EADS has launched an external, group-wide investigation into its anti-corruption practices as the European aerospace company admitted for the first time that it had failed to react quickly enough to a whistleblower's claim that its UK unit paid bribes to secure contracts in Saudi Arabia.

Nicholas Levens's total losses: £32m

Stockbroker Nicholas Levene used £32million Ponzi-scheme fraud to fund extravagant lifestyle

Even for a man with more than £300m to burn, stockbroker Nicholas Levene’s life was marked by years of staggering excess.

Business week in review

In profit...

Yvette Cooper: Labour government would scrap police watchdog following criticism of its performance in a series of cases

Labour will scrap the police watchdog following bitter criticism of its performance in a series of cases that have undermined public confidence in the service, Yvette Cooper, the shadow Home Secretary, said today.

I'm penniless, Asil Nadir tells court

Former fugitive business tycoon Asil Nadir, convicted of stealing nearly £29 million, today claimed to be penniless.

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Independent Travel
Pompeii, Capri & the Bay of Naples
Seven Cities of Italy
Burgundy, the River Rhone & Provence
Prague, Budapest and Vienna
Lake Garda
Minoan Crete and Santorini
Prices correct as of 15 May 2015
Sun, sex and an anthropological study: One British academic's summer of hell in Magaluf

Sun, sex and an anthropological study

One academic’s summer of hell in Magaluf
From Shakespeare to Rising Damp... to Vicious

Frances de la Tour's 50-year triumph

'Rising Damp' brought De la Tour such recognition that she could be forgiven if she'd never been able to move on. But at 70, she continues to flourish - and to beguile
'That Whitsun, I was late getting away...'

Ian McMillan on the Whitsun Weddings

This weekend is Whitsun, and while the festival may no longer resonate, Larkin's best-loved poem, lives on - along with the train journey at the heart of it
Kathryn Williams explores the works and influences of Sylvia Plath in a new light

Songs from the bell jar

Kathryn Williams explores the works and influences of Sylvia Plath
How one man's day in high heels showed him that Cannes must change its 'no flats' policy

One man's day in high heels

...showed him that Cannes must change its 'flats' policy
Is a quiet crusade to reform executive pay bearing fruit?

Is a quiet crusade to reform executive pay bearing fruit?

Dominic Rossi of Fidelity says his pressure on business to control rewards is working. But why aren’t other fund managers helping?
The King David Hotel gives precious work to Palestinians - unless peace talks are on

King David Hotel: Palestinians not included

The King David is special to Jerusalem. Nick Kochan checked in and discovered it has some special arrangements, too
More people moving from Australia to New Zealand than in the other direction for first time in 24 years

End of the Aussie brain drain

More people moving from Australia to New Zealand than in the other direction for first time in 24 years
Meditation is touted as a cure for mental instability but can it actually be bad for you?

Can meditation be bad for you?

Researching a mass murder, Dr Miguel Farias discovered that, far from bringing inner peace, meditation can leave devotees in pieces
Eurovision 2015: Australians will be cheering on their first-ever entrant this Saturday

Australia's first-ever Eurovision entrant

Australia, a nation of kitsch-worshippers, has always loved the Eurovision Song Contest. Maggie Alderson says it'll fit in fine
Letterman's final Late Show: Laughter, but no tears, as David takes his bow after 33 years

Laughter, but no tears, as Letterman takes his bow after 33 years

Veteran talkshow host steps down to plaudits from four presidents
Ivor Novello Awards 2015: Hozier wins with anti-Catholic song 'Take Me To Church' as John Whittingdale leads praise for Black Sabbath

Hozier's 'blasphemous' song takes Novello award

Singer joins Ed Sheeran and Clean Bandit in celebration of the best in British and Irish music
Tequila gold rush: The spirit has gone from a cheap shot to a multi-billion pound product

Join the tequila gold rush

The spirit has gone from a cheap shot to a multi-billion pound product
12 best statement wallpapers

12 best statement wallpapers

Make an impact and transform a room with a conversation-starting pattern
Paul Scholes column: Does David De Gea really want to leave Manchester United to fight it out for the No 1 spot at Real Madrid?

Paul Scholes column

Does David De Gea really want to leave Manchester United to fight it out for the No 1 spot at Real Madrid?