News

Standard Chartered has unveiled sweeping changes in its boardroom following reports of discord at the top of the FTSE 100 bank.

Britain's banks bounce back

High-street giants are back in profit and over the worst, but can they lend enough to drive the UK out of recession? Deirdre Hipwell reports

Cameron & Co woo India as demand for retail goods rockets

We've always enjoyed Indian imports, but the sub-continent's own market is now soaring – and the PM hopes it will rescue our economy

Business Diary: Bad blood fuels Tomkins row

The row at Tomkins rages on, with shareholder Standard Life furious that the company's chairman David Newlands is recommending a takeover offer from Canadian private equity concerns at a price it regards as too low. The fact that Mr Newlands is a former Standard Life executive gives the argument extra spice. And now we hear that during his time at the insurer, there wasn't much love lost between him and Gerry Grimstone, Standard Life's chairman. This one looks set to run and run.

The business on...The Trade, Investment and Small Business Minister

Who's that meant to be?

If only we knew. Two months after becoming Prime Minister, David Cameron still hasn't filled the job.

Kent could sign £50m deal with private equity firm tomorrow

The Kent Reliance Building Society is set to sign a £50m deal with the private equity investor JC Flowers to create a new building society consolidation vehicle as soon as tomorrow. The deal will see the creation of a new holding company 51 per cent owned by Kent and 49 per cent owned by JC Flowers.

Thompson: Rumours might drive Gerrard away

As the only other home-grown Liverpool captain to lift the European Cup, Phil Thompson has more than an inkling about how Steven Gerrard is feeling today.

Standard Chartered behind BP's crisis fund

Standard Chartered, the bank leading the $10bn-plus sale of assets in BP, is believed to be behind a $5.25bn (£3.5bn) standby account to protect the crisis-stricken oil giant.

Liverpool set to tell Torres he must stay at Anfield

Hodgson will fight to keep striker no matter how high the bid, but will let Gerrard go if he wants out

Business Diary: Barclays hit by drunken email

Yet another harsh lesson in the perils of returning to the office after a night out: a female member of staff at Barclays Capital is off work after sending a late-night email to hundreds of colleagues accusing one of them of "sleeping his way around all of the secretaries". The email, which naturally ended up on the internet, even accused the chap in question of giving a friend a sexually transmitted disease.

Market Report: Better trading outlook seen for Taylor Wimpey

The market is expecting positive news on both sides of the Atlantic from Taylor Wimpey today. The housebuilder is due to post a trading statement this morning, and Numis expects it to remain on track to meet full-year expectations. In the UK, the broker is anticipating news of strong forward sales and improved pricing. In the US, Numis says Taylor Wimpey should be making progress, with margins likely to be improving, but volumes expected to be hit by lower site numbers.

Who would be a chief executive?

As Tony Hayward shows, there is much more pressure on today's top bosses from politicians, courts and the media

Banks set to gain from Osborne's tax regime

Britain's banks have emerged as major beneficiaries of the Budget, with the City warning that the coalition Government's proposed levy will fail to reach its target of generating £2bn revenues a year.

StanChart hails Indian share sale

Standard Chartered, the emerging markets bank, yesterday raised $530m (£366m) from a share sale in India. The bank is listed in the UK but makes about 75 per cent of of its profits in Asia.

Business Diary: Ryanair's friends call for early sale of Stansted

A missive arrives from a body calling itself the Stansted Airport Consultative Committee urging the new Government to press ahead with the break-up of BAA at its earliest opportunity – specifically to force the airports operator to sell off Stansted as soon as possible. SACC's website describes it as an independent body that represents users of the airport. By an odd coincidence, it shares a public relations consultant with Ryanair, the Irish no-frills airline that is BAA's harshest critic.

StanChart offering off to slow start

Standard Chartered's India share sale to raise up to $580m (£404m) got off to a slow start yesterday, with roughly 5 per cent subscribed on its first day, as a global stock sell-off kept a lid on demand.

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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 17 April 2015
NHS struggling to monitor the safety and efficacy of its services outsourced to private providers

Who's monitoring the outsourced NHS services?

A report finds that private firms are not being properly assessed for their quality of care
Zac Goldsmith: 'I'll trigger a by-election over Heathrow'

Zac Goldsmith: 'I'll trigger a by-election over Heathrow'

The Tory MP said he did not want to stand again unless his party's manifesto ruled out a third runway. But he's doing so. Watch this space
How do Greek voters feel about Syriza's backtracking on its anti-austerity pledge?

How do Greeks feel about Syriza?

Five voters from different backgrounds tell us what they expect from Syriza's charismatic leader Alexis Tsipras
From Iraq to Libya and Syria: The wars that come back to haunt us

The wars that come back to haunt us

David Cameron should not escape blame for his role in conflicts that are still raging, argues Patrick Cockburn
Sam Baker and Lauren Laverne: Too busy to surf? Head to The Pool

Too busy to surf? Head to The Pool

A new website is trying to declutter the internet to help busy women. Holly Williams meets the founders
Heston Blumenthal to cook up a spice odyssey for British astronaut manning the International Space Station

UK's Major Tum to blast off on a spice odyssey

Nothing but the best for British astronaut as chef Heston Blumenthal cooks up his rations
John Harrison's 'longitude' clock sets new record - 300 years on

‘Longitude’ clock sets new record - 300 years on

Greenwich horologists celebrate as it keeps to within a second of real time over a 100-day test
Fears in the US of being outgunned in the vital propaganda wars by Russia, China - and even Isis - have prompted a rethink on overseas broadcasters

Let the propaganda wars begin - again

'Accurate, objective, comprehensive': that was Voice of America's creed, but now its masters want it to promote US policy, reports Rupert Cornwell
Why Japan's incredible long-distance runners will never win the London Marathon

Japan's incredible long-distance runners

Every year, Japanese long-distance runners post some of the world's fastest times – yet, come next weekend, not a single elite competitor from the country will be at the London Marathon
Why does Tom Drury remain the greatest writer you've never heard of?

Tom Drury: The quiet American

His debut was considered one of the finest novels of the past 50 years, and he is every bit the equal of his contemporaries, Jonathan Franzen, Dave Eggers and David Foster Wallace
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You should judge a person by how they peel a potato

Dave Hax's domestic tips are reminiscent of George Orwell's tea routine. The world might need revolution, but we like to sweat the small stuff, says DJ Taylor
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Beige to the future

Flares and flounce are back on catwalks but a revival in ’70s car paintjobs was a stack-heeled step too far – until now
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Bill Granger cooks with fresh cheeses

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Shay Given: 'This FA Cup run has been wonderful'

The Villa keeper has been overlooked for a long time and has unhappy memories of the national stadium – but he is savouring his chance to play at Wembley
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