News

The US economy continued to grow in the final quarter of the year, expanding at an annual rate of 3.2 per cent, according to the Bureau of Economic Analysis.

Jim Armitage: Schroders must tread with care when the time comes for its next generation

Outlook First Standard Chartered, then Experian, and now Sainsbury’s. It’s shaping up to be a year of boardroom upheaval, and it’s still only January. Who next? Well, a little bird tells me Schroders’ veteran chief executive Michael Dobson has sounded out confidants in the City about the idea of him becoming chairman of this granddaddy of fund managers, succeeding 69-year-old Andrew Beeson.

Mulberry shares plunge after shock profit warning

Shares in Mulberry plummeted nearly 30 per cent in early London trading after the luxury brand issued its third profit warning under chief executive Bruno Guillon.

Shares fell as much as four per cent following the announcement of Justin King's departure

Sainsbury's chief Justin King to step down in July after 10 years

Justin King will be replaced by commercial director Mike Coupe at Sainsbury's

Britain's economy 'growing at fastest pace since 2007' crash, says CBI

Britain's economic output grew at its fastest pace in January since September 2007, the Confederation of British Industry said today

Apple's shares were down on Monday

Apple shares tumble despite record sales

The firm sold a record 51 million iphones and 26 million iPads but profits from October to January - usually a bumper period - remained flat

Supporters of Egypt's army chief General Abdel Fattah al-Sisi hold his posters in Tahrir square in Cairo, on the third anniversary of Egypt's uprising

BG Group shares plunge after Egypt turmoil hits profits

Egypt accounts for nearly a fifth of group's production

Mark Dampier: Unicorn gets the picture with smaller companies

Smaller companies have been a lucrative, albeit higher-risk, area to invest over the long term. The Numis Smaller Companies Index has, since 1955, achieved an annual return of 15.8 per cent compared with 12 per cent for the broader UK stock market.

Yellow Pages bosses pay rose 70% as it collapsed

Yellow Pages owner Hibu hiked the pay of senior management while the loss-making company was missing loan repayments and heading for collapse

Easyjet shares dive after airline issues weak trading update

EasyJet shares plummeted after the budget airline warned that the timing of Easter would have an impact on its first-half results.

The Business Matrix: Thursday 23 January 2014

Coach loses ground on rivals

BHP Billiton sees record production but misses targets

New chief Andrew Mackenzie confident BHP Billiton can achieve 16% growth in two years

Two bedroom flat to rent at Beaufort Court, Atlantic Wharf, Cardiff CF10. On with Northwood UK at £650 pcm (£150 pw)

One in five landlords has returned early from a holiday to help tenants

On average, landlords visited their property three times in the last 12 months to carry out repairs

Farage farrago: He suggested women taking time off to have children made them ‘worth less’ to City firms

Nigel Farage: what's really happening in the City?

The Ukip leader's views about working women are hopelessly out of date, says Margareta Pagano.

Third Point takes significant shareholding in Dow Chemical

Third Point, the hedge fund run by activist investor Daniel Loeb, has taken a significant shareholding in Dow Chemical and is urging the company to explore a spin off of its petrochemical business so it can concentrate on being a specialty chemicals firm.

Unilever beats forecasts on emerging markets rebound

After battering global shares in consumer goods giants with a profit warning in October, Unilever, the company behind Dove soaps and Lipton iced teas, said there had been a considerable pick-up in countries like India and China.

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Scottish referendum: The Yes vote was the love that dared speak its name, but it was not to be

Despite the result, this is the end of the status quo

Boyd Tonkin on the fall-out from the Scottish referendum
Manolo Blahnik: The high priest of heels talks flats, Englishness, and why he loves Mary Beard

Manolo Blahnik: Flats, Englishness, and Mary Beard

The shoe designer who has been dubbed 'the patron saint of the stiletto'
The Beatles biographer reveals exclusive original manuscripts of some of the best pop songs ever written

Scrambled eggs and LSD

Behind The Beatles' lyrics - thanks to Hunter Davis's original manuscript copies
'Normcore' fashion: Blending in is the new standing out in latest catwalk non-trend

'Normcore': Blending in is the new standing out

Just when fashion was in grave danger of running out of trends, it only went and invented the non-trend. Rebecca Gonsalves investigates
Dance’s new leading ladies fight back: How female vocalists are now writing their own hits

New leading ladies of dance fight back

How female vocalists are now writing their own hits
Mystery of the Ground Zero wedding photo

A shot in the dark

Mystery of the wedding photo from Ground Zero
His life, the universe and everything

His life, the universe and everything

New biography sheds light on comic genius of Douglas Adams
Save us from small screen superheroes

Save us from small screen superheroes

Shows like Agents of S.H.I.E.L.D are little more than marketing tools
Reach for the skies

Reach for the skies

From pools to football pitches, rooftop living is looking up
These are the 12 best hotel spas in the UK

12 best hotel spas in the UK

Some hotels go all out on facilities; others stand out for the sheer quality of treatments
These Iranian-controlled Shia militias used to specialise in killing American soldiers. Now they are fighting Isis, backed up by US airstrikes

Widespread fear of Isis is producing strange bedfellows

Iranian-controlled Shia militias that used to kill American soldiers are now fighting Isis, helped by US airstrikes
Topshop goes part Athena poster, part last spring Prada

Topshop goes part Athena poster, part last spring Prada

Shoppers don't come to Topshop for the unique
How to make a Lego masterpiece

How to make a Lego masterpiece

Toy breaks out of the nursery and heads for the gallery
Meet the ‘Endies’ – city dwellers who are too poor to have fun

Meet the ‘Endies’ – city dwellers who are too poor to have fun

Urbanites are cursed with an acronym pointing to Employed but No Disposable Income or Savings
Paisley’s decision to make peace with IRA enemies might remind the Arabs of Sadat

Ian Paisley’s decision to make peace with his IRA enemies

His Save Ulster from Sodomy campaign would surely have been supported by many a Sunni imam