News

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

ConocoPhillips to split into two separate companies

ConocoPhillips is to split into two, separately traded companies, the third largest US oil company said yesterday, sending its stock soaring by nearly 6 per cent in early trade in New York.

Time please ladies and gentlemen: M&B loses yet another chairman

The departure of the chairman comes at a time when the group is also looking for a new chief executive

Pendragon launches rights issue to deal with debt

Pendragon, Britain's biggest motor retailer, is to raise £71m through a discounted rights issue in order to tackle its debts.

Sir Stelios back at war with easyJet board

War broke out again yesterday between easyJet's founder, Sir Stelios Haji-Ioannou, and the company's board. In an 11-page letter, Sir Stelios threatened to organise a shareholder rebellion unless the airline abandons plans to buy more planes and returns profits to shareholders.

IPO yields $538m for Guryev

The Russian fertiliser group PhosAgro priced its initial public offering at the bottom of an indicated range, shrugging off stock-market volatility to raise $538m (£334m) for its largest shareholder, Andrei Guryev.

David Prosser: News Corp's final shot across the bows

Outlook Finally, did you spot how even in withdrawing yesterday, NewsCorp was still trying to call the shots? Its statement included a warning: if BSkyB pays a higher dividend than it has agreed so far, any future offer for the company from News Corp might be below the 700p bid first time around.

MWB steps up takeover bid

The hotels operator MWB has raised its potential offer for the 28 per cent of MWB Business Exchange that it does not already own after the office space supplier's second-biggest shareholder, Pyrrho Investment, said it would reject the initial bid.

Rent levels rise amid shortage of homes

A shortage of homes to let has forced rent levels higher and further increased the squeeze on cash-strapped consumers, according to figures today.

Hangover for Luminar as cash-strapped revellers shun nightclubs

Young people are increasingly staying away from pricey nightclubs in the wake of the economic downturn, forcing venue operator Luminar to issue its latest profit warning.

Laird shares fall on suitor's price stance

Shares in electrical products maker Laird fell 7 per cent to 190p after its US suitor Cooper Industries said it was still open to talks but would remain "disciplined" on the price.

No further damage after earthquake hits Japan

A strong earthquake jolted on Sunday the same area of northeastern Japan that was hit by a massive quake in March, but there was no sign of further damage along the coast or to the crippled Fukushima nuclear power plant, officials said.

Has cronyism wrecked Japan's long-term repair?

There have been better times to be Japanese. Still battling the unappeased demons of stagnation, bloated national debt, and the sclerotic effects of an ageing population, the authorities now seem paralysed in their efforts to rebuild after the 2011 earthquake. Despite the country's riches and technological know-how.

I'm sorry, says body-in-bathtub killer Tatsuya Ichihashi as he faces family in court

The Japanese man accused of murdering Lindsay Hawker has apologised to her family for raping and strangling the British teacher, but he denied intent to kill in the opening yesterday of his long-awaited trial outside Tokyo.

Parents fly to Tokyo for Lindsay Hawker murder trial

The parents of murdered British teacher Lindsay Hawker flew to Japan yesterday for her alleged killer's trial. Ms Hawker, 22, was found dead in a flat in Chiba, east of Tokyo, in March 2007.

Rank investors accept Guoco's unwilling bid

Investors selling shares in Rank, owner of Mecca Bingo, are set to ignore an extraordinary plea from the Guoco Group to turn down its 150p-a-share takeover offer.

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Christian Grey cradles Ana in the Fifty Shades of Grey film
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Louis van Gaal would have been impressed with Darren Fletcher’s performance against LA Galaxy during Manchester United’s 7-0 victory
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Burgundy, the River Rhone & Provence – MS Swiss Corona - seven nights from £999pp
Lake Maggiore, Orta and the Matterhorn – seven nights from £899pp
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Istanbul Ephesus & Troy – six nights from £859pp
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Backhanders, bribery and abuses of power have soared in China as economy surges

Bribery and abuses of power soar in China

The bribery is fuelled by the surge in China's economy but the rules of corruption are subtle and unspoken, finds Evan Osnos, as he learns the dark arts from a master
Commonwealth Games 2014: Highland terriers stole the show at the opening ceremony

Highland terriers steal the show at opening ceremony

Gillian Orr explores why a dog loved by film stars and presidents is finally having its day
German art world rocked as artists use renowned fat sculpture to distil schnapps

Brewing the fat from artwork angers widow of sculptor

Part of Joseph Beuys' 1982 sculpture 'Fettecke' used to distil schnapps
BBC's The Secret History of Our Streets reveals a fascinating window into Britain's past

BBC takes viewers back down memory lane

The Secret History of Our Streets, which returns with three films looking at Scottish streets, is the inverse of Benefits Street - delivering warmth instead of cynicism
Joe, film review: Nicolas Cage delivers an astonishing performance in low budget drama

Nicolas Cage shines in low-budget drama Joe

Cage plays an ex-con in David Gordon Green's independent drama, which has been adapted from a novel by Larry Brown
How to make your own gourmet ice lollies, granitas, slushy cocktails and frozen yoghurt

Make your own ice lollies and frozen yoghurt

Think outside the cool box for this summer's tempting frozen treats
Ford Fiesta is UK's most popular car of all-time, with sales topping 4.1 million since 1976

Fiesta is UK's most popular car of all-time

Sales have topped 4.1 million since 1976. To celebrate this milestone, four Independent writers recall their Fiestas with pride
10 best reed diffusers

Heaven scent: 10 best reed diffusers

Keep your rooms smelling summery and fresh with one of these subtle but distinctive home fragrances that’ll last you months
Commonwealth Games 2014: Female boxers set to compete for first time

Female boxers set to compete at Commonwealth Games for first time

There’s no favourites and with no headguards anything could happen
Five things we’ve learned so far about Manchester United under Louis van Gaal

Five things we’ve learned so far about United under Van Gaal

It’s impossible to avoid the impression that the Dutch manager is playing to the gallery a little
Screwing your way to the top? Good for Lana Del Rey for helping kill that myth

Screwing your way to the top?

Good for Lana Del Rey for helping kill that myth, says Grace Dent
Will the young Britons fighting in Syria be allowed to return home and resume their lives?

Will Britons fighting in Syria be able to resume their lives?

Tony Blair's Terrorism Act 2006 has made it an offence to take part in military action abroad with a "political, ideological, religious or racial motive"
Beyoncé poses as Rosie the Riveter, the wartime poster girl who became a feminist pin-up

Beyoncé poses as Rosie the Riveter

The wartime poster girl became the ultimate American symbol of female empowerment
The quest to find the perfect pair of earphones: Are custom, 3D printed earbuds the solution?

The quest to find the perfect pair of earphones

Earphones don't fit properly, offer mediocre audio quality and can even be painful. So the quest to design the perfect pair is music to Seth Stevenson's ears
US Army's shooting star: Lt-Col Steven Cole is the man Hollywood calls when it wants to borrow a tank or check a military uniform

Meet the US Army's shooting star

Lt-Col Steven Cole is the man Hollywood calls when it wants to borrow a tank or check a military uniform