News

Istanbul aggressively increased its overnight lending rate to 12% from 7.75%

Alliance defeats Laxey's shares buyback proposal

Alliance Trust has seen off an attempt by rebel investor Laxey Partners to force the investment trust to buy back shares trading at a discount to net asset value of 10 per cent or more.

Stock Markets: 21/05/2011

New York

Stocks slid amid signs that American consumer demand may be weakening, and fears about the Greek debt crisis. The Dow Jones industrial average fell 33.30 points, or 0.26 per cent, to 12,572.63 in afternoon trading.





Workers enter Fukushima No3 reactor at last

Japanese workers have entered the last of three reactor buildings hit by nuclear fuel meltdowns at the crippled Fukushima plant. The operator, Tokyo Electric, is moving to stabilise a facility that has been leaking radiation for more than two months.

David Prosser: Greater auditing competition is overdue

Outlook The Office of Fair Trading's latest thoughts on competition in the audit market (or the lack of it) make interesting reading. Not only does it question whether Britain can tackle the problem without assistance from the European Commission – in which case, it says, why bother with a Competition Commission inquiry? – but it also effectively suggests that the big four audit firms' clients must shoulder some of the blame for concentration in the industry.

Sharaku: The mystery man unmasked

In 10 months, Japanese artist Sharaku created prints that became classics – then he vanished. Adrian Hamilton is gripped by an enigma at the Tokyo National Museum

Radioactive 'pond' found at Fukushima

Japanese officials have found an Olympic swimming pool-sized pond of radioactive water in the basement of a unit at the Fukushima nuclear plant crippled by the March earthquake and tsunami.

Third worker dies at Fukushima nuclear plant

A worker at Japan's tsunami-crippled Fukushima Daiichi nuclear power plant died today, plant operator Tokyo Electric Power Co said, bringing the death toll at the complex to three since a massive earthquake and tsunami in March.

ONS revises data on construction industry

Britain's building industry endured another contraction of output in the first three months of the year – but by less than previously estimated, the Office for National Statistics says.

Partial meltdown hits Fukushima nuclear plant

Uranium fuel in at least one of the six reactors at Fukushima has melted, the operator of the crippled nuclear plant has said. The admission effectively torpedoes a plan to flood the overheating fuel with water and bring a quick end to the worst nuclear crisis since Chernobyl.

Warm weather catches out Supergroup

Shares in Supergroup, owner of the Superdry clothing brand, fell by nearly 23 per cent to 1219p yesterday after it posted a sharp slowdown in its sales growth.

David Prosser: Alliance prepares to face its tormentor

Outlook The day of reckoning is fast approaching for Alliance Trust and its highly regarded boss, Katherine Garrett-Cox. Laxey Partners, its dissident shareholder, yesterday won the backing of two corporate governance groups for its campaign to force Alliance to implement an automatic discount- control mechanism.

Osborne 'unlocks' Stock Exchange in new ceremony

The London Stock Exchange's version of Wall Street's opening bell was launched yesterday with the use of a giant countdown clock and key.

Flying in for the summer

A gannet comes in to land at the RSPB's Bempton Cliffs on the East Yorkshire coast. About 20,000 gannets, which pair for life and can live for more than 20 years, are among the quarter of a million seabirds that return to nest each summer on the 100m high chalk cliffs at Bempton.

National Express nears Elliott truce

The transport operator National Express, which last week put on a show of strength with news of rising profits amid calls by its biggest shareholder for strategic changes, is close to striking a deal with the dissenting investor before its annual meeting tomorrow.

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General Election 2015: Chuka Umunna on the benefits of immigration, humility – and his leader Ed Miliband

Chuka Umunna: A virus of racism runs through Ukip

The shadow business secretary on the benefits of immigration, humility – and his leader Ed Miliband
Yemen crisis: This exotic war will soon become Europe's problem

Yemen's exotic war will soon affect Europe

Terrorism and boatloads of desperate migrants will be the outcome of the Saudi air campaign, says Patrick Cockburn
Marginal Streets project aims to document voters in the run-up to the General Election

Marginal Streets project documents voters

Independent photographers Joseph Fox and Orlando Gili are uploading two portraits of constituents to their website for each day of the campaign
Game of Thrones: Visit the real-life kingdom of Westeros to see where violent history ends and telly tourism begins

The real-life kingdom of Westeros

Is there something a little uncomfortable about Game of Thrones shooting in Northern Ireland?
How to survive a social-media mauling, by the tough women of Twitter

How to survive a Twitter mauling

Mary Beard, Caroline Criado-Perez, Louise Mensch, Bunny La Roche and Courtney Barrasford reveal how to trounce the trolls
Gallipoli centenary: At dawn, the young remember the young who perished in one of the First World War's bloodiest battles

At dawn, the young remember the young

A century ago, soldiers of the Empire – many no more than boys – spilt on to Gallipoli’s beaches. On this 100th Anzac Day, there are personal, poetic tributes to their sacrifice
Dissent is slowly building against the billions spent on presidential campaigns – even among politicians themselves

Follow the money as never before

Dissent is slowly building against the billions spent on presidential campaigns – even among politicians themselves, reports Rupert Cornwell
Samuel West interview: The actor and director on austerity, unionisation, and not mentioning his famous parents

Samuel West interview

The actor and director on austerity, unionisation, and not mentioning his famous parents
General Election 2015: Imagine if the leading political parties were fashion labels

Imagine if the leading political parties were fashion labels

Fashion editor, Alexander Fury, on what the leaders' appearances tell us about them
Phumzile Mlambo-Ngcuka: Home can be the unsafest place for women

Phumzile Mlambo-Ngcuka: Home can be the unsafest place for women

The architect of the HeForShe movement and head of UN Women on the world's failure to combat domestic violence
Public relations as 'art'? Surely not

Confessions of a former PR man

The 'art' of public relations is being celebrated by the V&A museum, triggering some happy memories for DJ Taylor
Bill Granger recipes: Our chef succumbs to his sugar cravings with super-luxurious sweet treats

Bill Granger's luxurious sweet treats

Our chef loves to stop for 30 minutes to catch up on the day's gossip, while nibbling on something sweet
London Marathon 2015: Paula Radcliffe and the mother of all goodbyes

The mother of all goodbyes

Paula Radcliffe's farewell to the London Marathon will be a family affair
Everton vs Manchester United: Steven Naismith demands 'better' if Toffees are to upset the odds against United

Steven Naismith: 'We know we must do better'

The Everton forward explains the reasons behind club's decline this season
Arsenal vs Chelsea: Praise to Arsene Wenger for having the courage of his convictions

Michael Calvin's Last Word

Praise to Wenger for having the courage of his convictions