News

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

HSBC eyes £4.5bn stake in Nedbank

HSBC is expected to announce plans to buy a majority stake in South Africa's Nedbank, spending as much as £4.5bn on the deal.

Brittan fills Trade portfolio vacancy

The Government yesterday appointed the former cabinet minister Lord Brittan as its trade adviser.

David Prosser: The trade vacancy that is still to be filled

Outlook The appointment of Lord Brittan as the Government's new trade adviser should make for some entertaining explosions from a certain class of Tory backbencher – Douglas Carswell yesterday described him as "a man whose career saw him help lock UK trade ever more tightly into the sclerotic, high tax/high regulation eurozone" – but makes some sense. If a man who spent so many years working as the European Union's trade commissioner can't help to further Britain's cause with its biggest trading partner, goodness knows who can.

Business grandees shun Cameron over trade job

More than three months after the coalition Government was formed, and ministerial jobs were divided up between the Conservatives and the Liberal Democrats, David Cameron's administration has still not appointed a trade minister to promote UK business abroad.

Lord Davies takes Corsair Capital job

The former trade inister and one-time head of Standard Chartered Bank, Mervyn Davies, is joining US private equity group Corsair Capital.

David Prosser: The attractions of life out of the spotlight

Outlook At first sight, the decision of Lord Davies, the former boss of Standard Chartered Bank who then served as trade minister under the last government, to accept a full-time job at the private-equity business Corsair might come as a surprise. He had been tipped for a much more high- profile return to the private sector and linked to a number of prominent roles in banking.

David Kuo: Is it time to trust the banks again?

Investment Insider

Old Mutual sells US unit for $350m

The sprawling Anglo-South African financial conglomerate Old Mutual has sold its US life insurance business in a drive to simplify its structure.

Bid to get more women on boards

Lord Davies of Abersoch, the former chief executive of Standard Chartered, is to head a review looking at ways to get more women into British boardrooms.

Sponsor will laugh all the way to the bank if Chinese bid wins

Whether it is remarkable good luck, or whether it was always part of the plan, Standard Chartered's sponsorship of Liverpool now looks like a commercial masterstroke as the club seemingly inches towards a deal with Chinese investors.

Anfield demands answers after China denies link to Huang's bid

Liverpool hope leading offer for club is credible despite sovereign fund's claim

Kenya rejoices at the 'birth of a new republic'

Kenya was swept by a wave of optimism yesterday unseen since the victory celebrations for Barack Obama's presidential win. That triumph was down to a Kenyan descendant, but this win was entirely homegrown as the final results showed an overwhelming majority of the country had backed a new constitution.

Profits up at SocGen and StanChart

Standard Chartered and France's Société Générale joined the list of banks posting better than expected results yesterday, although both warned that the outlook remained uncertain.

Market Report: Bid rumours make a comeback around Man

Man, the London-based hedge fund group, was in focus amid a renewal of takeover speculation last night.

Booming UK banks braced for bonus row

Britain's banks are braced for another row over bonuses and lending levels as taxpayer-owned Royal Bank of Scotland, Lloyds Banking Group and Northern Rock finally bounce back into the black this week.

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Wilko Johnson, now the bad news: musician splits with manager after police investigate assault claims

Wilko Johnson, now the bad news

Former Dr Feelgood splits with manager after police investigate assault claims
Mark Udall: The Democrat Senator with a fight on his hands ahead of the US midterm elections

Mark Udall: The Democrat Senator with a fight on his hands

The Senator for Colorado is for gay rights, for abortion rights – and in the Republicans’ sights as they threaten to take control of the Senate next month
New discoveries show more contact between far-flung prehistoric humans than had been thought

New discoveries show more contact between far-flung prehistoric humans than had been thought

Evidence found of contact between Easter Islanders and South America
Cerys Matthews reveals how her uncle taped 150 interviews for a biography of Dylan Thomas

Cerys Matthews on Dylan Thomas

The singer reveals how her uncle taped 150 interviews for a biography of the famous Welsh poet
DIY is not fun and we've finally realised this as a nation

Homebase closures: 'DIY is not fun'

Homebase has announced the closure of one in four of its stores. Nick Harding, who never did know his awl from his elbow, is glad to see the back of DIY
The Battle of the Five Armies: Air New Zealand releases new Hobbit-inspired in-flight video

Air New Zealand's wizard in-flight video

The airline has released a new Hobbit-inspired clip dubbed "The most epic safety video ever made"
Pumpkin spice is the flavour of the month - but can you stomach the sweetness?

Pumpkin spice is the flavour of the month

The combination of cinnamon, clove, nutmeg (and no actual pumpkin), now flavours everything from lattes to cream cheese in the US
11 best sonic skincare brushes

11 best sonic skincare brushes

Forget the flannel - take skincare to the next level by using your favourite cleanser with a sonic facial brush
Paul Scholes column: I'm not worried about Manchester United's defence - Chelsea test can be the making of Phil Jones and Marcos Rojo

Paul Scholes column

I'm not worried about Manchester United's defence - Chelsea test can be the making of Jones and Rojo
Frank Warren: Boxing has its problems but in all my time I've never seen a crooked fight

Frank Warren: Boxing has its problems but in all my time I've never seen a crooked fight

While other sports are stalked by corruption, we are an easy target for the critics
Jamie Roberts exclusive interview: 'I'm a man of my word – I'll stay in Paris'

Jamie Roberts: 'I'm a man of my word – I'll stay in Paris'

Wales centre says he’s not coming home but is looking to establish himself at Racing Métro
How could three tourists have been battered within an inch of their lives by a burglar in a plush London hotel?

A crime that reveals London's dark heart

How could three tourists have been battered within an inch of their lives by a burglar in a plush London hotel?
Meet 'Porridge' and 'Vampire': Chinese state TV is offering advice for citizens picking a Western moniker

Lost in translation: Western monikers

Chinese state TV is offering advice for citizens picking a Western moniker. Simon Usborne, who met a 'Porridge' and a 'Vampire' while in China, can see the problem
Handy hacks that make life easier: New book reveals how to rid your inbox of spam, protect your passwords and amplify your iPhone

Handy hacks that make life easier

New book reveals how to rid your email inbox of spam, protect your passwords and amplify your iPhone with a loo-roll
KidZania lets children try their hands at being a firefighter, doctor or factory worker for the day

KidZania: It's a small world

The new 'educational entertainment experience' in London's Shepherd's Bush will allow children to try out the jobs that are usually undertaken by adults, including firefighter, doctor or factory worker