News

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

Japan limits energy use as disaster causes crunch

Japan began imposing energy restrictions on companies, shopping centres and other major electricity users today to cope with power shortages caused by the loss of a tsunami-hit nuclear power plant.

Takeover fever at the London Stock Exchange after TMX embarrassment

Shares in the London Stock Exchange surged yesterday in the wake of the dramatic collapse on Wednesday of its merger with Canada's TMX on expectations that it would become a takeover target.

Minerva agrees to £203m bid

A consortium featuring property investor Jamie Ritblat's Delancey investment firm has reached agreement with Minerva to buy the developer in a deal valuing it at around £202.6m.

Top men resign from Rank's board

The chief executive and finance director of Rank both stepped down yesterday, a day after the bingo and casino operator changed its recommendation for the second time on a takeover offer from its largest shareholder Guoco Group.

Market Reports: 25/06/2011

New York

US stocks dropped as worries about the Italian banking sector added to anxiety emanating from Europe about passage of a Greek austerity plan, and the S&P 500 once again tested a key technical level.

London faces fight for TMX as Maple tables new bid

The battle for control of TMX has intensified after rival bidder Maple Group increased its bid in an attempt to derail the Canadian market's tie-up with the London Stock Exchange (LSE).

Japan's Olympic Committee backs Tokyo's 2020 bid

The Japanese Olympic Committee has formally asked Tokyo to bid for the 2020 Summer Games.

LSE offers £400m in TMX sweetener

The London Stock Exchange (LSE) yesterday hit back at the rival bid for Canada's TMX group as it proposed handing shareholders a sweetener worth more than £400m to secure the deal. The LSE agreed a C$5bn (£3.5bn) merger with its counterpart in February but the process was thrown into disarray as a rival C$3.7bn cash-and-shares bid was tabled by the banking consortium Maple Group.

David Prosser: Shareholders must tackle excessive boardroom pay – or face political meddling

Outlook Given his Labour links, including a stint in government under Gordon Brown, one might have expected Lord Myners to be more supportive of Ed Miliband's recent intervention in the debate on executive pay. Fortunately, at least for the quality of the discussion, Lord Myners is now free from the shackles of government and no longer feels the need to toe the party line.

Retail investors back equities

Confidence in the equity market saw the shares held by retail investors reach a more than three-year high in May of £237bn.

Capital Pub rejects £54m takeover from Fuller's

Britain's embattled pubs sector sparked into life yesterday after Fuller Smith & Turner said it had made a £53.9m cash takeover proposal for the Capital Pub Company, its smaller London-based rival.

Ceres Power boss quits suddenly

Ceres Power was plunged into further uncertainty just weeks after its shares dropped to all-time lows, as its chief executive quit without warning.

Glencore disappoints despite rising profits

Glencore, the commodity-trading giant which began life as public company with a blockbuster listing last month, missed forecasts with its maiden results yesterday.

Investor gives shares to Gulf Keystone's CEO

One of Gulf Keystone Petroleum's biggest shareholders transferred more than 11 million shares to the oil prospector's chief executive Todd Kozel last month – without his knowing of the transfer.

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Lake Garda
Minoan Crete and Santorini
Prices correct as of 17 April 2015
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Zac Goldsmith: 'I'll trigger a by-election over Heathrow'

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

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Five voters from different backgrounds tell us what they expect from Syriza's charismatic leader Alexis Tsipras
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David Cameron should not escape blame for his role in conflicts that are still raging, argues Patrick Cockburn
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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

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John Harrison's 'longitude' clock sets new record - 300 years on

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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
You should judge a person by how they peel a potato

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
Bill Granger recipes: Our chef's dishes highlight the delicate essence of fresh cheeses

Bill Granger cooks with fresh cheeses

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Aston Villa vs Liverpool: 'This FA Cup run has been wonderful,' says veteran Shay Given

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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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