Jenkins criticism spurs buyside to enter bank debate
Leading lights of asset management industry plan creation of formal discussion forum.....
US housing market products forecast to boom
Rental securitisations could be on offer in months as sector shows signs of recovery.....
Mounting venue losses spark fears of fresh consolidation
Alternative trading platforms that came into being thanks to regulation five years ago, could be facing a round of consolidation.....
Nomura restructures investment banking teams
Japanese bank shake-up aims to forge a 'clearing house for cross-border ideas'.....
Companies predict boom year for corporate bonds
Volumes could beat 2009 record, according to Thomson Reuters survey.....
Iosco hunts worlds weakest regulators
Global umbrella body for regulators aims to identify weaknesses in regimes.....
Boutiques trump brokers
Further evidence emerged last week from Companies House filings that boutique advisory firms are managing to weather stormy financial markets better than agency brokers.....
Green continues to generate gold for Blood, Gore and Ferguson
Profits rise at asset manager focused on 'sustainable capitalism'.....
Ex-RBS banker Mazzucchelli joins Harrods
UK bank's former deputy chief of global banking and markets is among three financiers to join the board.....
Tradeweb launches 5,000-stock ETF platform
Move is aimed at boosting liquidity in European marketplace.....
Aon piles on the fiduciary mandates
A surge in US business wins has led to a two-thirds increase in total fiduciary business for consultant Aon Hewitt in the past year.....
Starbucks 'paid just 8.6m tax'
US coffee giant Starbucks reportedly paid just 8.6m in corporation tax in the UK over 14 years and nothing in the last three years......
UK inflation rate slows to 2.2%
The pace of price rises in the UK slowed to 2.2% in September, the lowest rate for nearly three years, and which will influence how much benefits rise next year......
News Corp rejects top jobs split
News Corp says a majority of shareholders have voted against separating the roles of chairman and chief executive, both held by Rupert Murdoch......
Sales and profits fall at Intel
Computer chip maker Intel reports falls in both sales and profits in the third quarter, as it battles a "tough economic environment"......
More Britons 'use emergency food'
A record number of people received emergency food from UK food banks in the last six months, a charity says......
Citigroup's boss Pandit resigns
Citigroup chief executive Vikram Pandit surprises Wall Street by resigning with immediate effect after nearly five years at the head of the bank......
Pension reform 'could cut income'
Workers who switch jobs several times during their career could lose up to a quarter of their pension funds under proposed reforms, critics warn......
'Fourteen-year-olds' at Foxconn
Foxconn, Apple's main supplier in China, admits it has employed interns as young as 14 years old, below China's minimum legal working age of 16......
Chanel buys Scots cashmere mill
Luxury goods firm Chanel buys Barrie cashmere mill in Hawick, following the collapse of owner Dawson International......
Google told to fix privacy policy
EU privacy watchdogs give Google up to four months to revise its privacy rules, warning it faces litigation otherwise......
Sharp contrast in UK house prices
London and Northern Ireland stood at each end of the spectrum of house price changes over the past year, official figures show......
Profits climb at Goldman Sachs
US bank Goldman Sachs reports profits of $1.5bn for the three months to September, after recording a loss during the same period last year......
EU car sales 'in year-long drop'
The UK was the only major market to grow as new car sales in the European Union fell for the 12th month in a row in September, carmakers say......
Risky products 'face instant ban'
Risky financial products could be banned instantly once the new Financial Conduct Authority comes into force, the regulator's chief has said......
Yahoo hires Google exec for $58m
Yahoo appoints a Google executive as its next chief operating officer, paying Henrique de Castro a hefty pay package worth $58m (36m)......
Sportingbet accepts Hill's terms
Gambling firm Sportingbet agrees the improved terms of a 530m takeover by the UK's biggest bookmaker William Hill......
Portugal announces tough budget
The Portuguese government unveils the country's toughest budget in years as hundreds of protesters outside parliament call on ministers to resign......
Nursery care quality fears voiced
Attempts to make childcare more affordable by letting staff look after more children at a time may reduce the quality of care claims a report......
Scottish Power to raise prices
Scottish Power becomes the latest energy company to announce a price rise, with gas and electricity bills going up by 7% on 3 December......
Spring boost for household income
Average UK household income rose by 69 from April to June when the effects of inflation are stripped out, official statistics show......
Nobel Prize in economics awarded
US academics Alvin Roth and Lloyd Shapley win the 2012 Nobel Prize in economics for work on the best possible way to allocate resources in complex markets such as organ transplants......
Thailand to auction 3G network
Thailand is auctioning its third generation (3G) telecommunications network, one of the last countries in south-east Asia to do so......
Sharp increase in US retail sales
US retail sales saw their sharpest rise last month for nearly two years, according to figures from the US Commerce Department......
Vitamins firm 'to close factory'
More than 250 jobs are at risk after a vitamins manufacturing giant proposes to close its Hull factory......
Bumi row: Rothschild quits board
Nathaniel Rothschild, co-founder of coal mining giant Bumi, quits the firm's board amid a row with Indonesia's influential Bakrie family......
Liverpool plan to stay at Anfield
Liverpool want to redevelop their existing stadium at Anfield, rather than building a new stadium at Stanley Park......
VIDEO: UK CPI inflation slows to 2.2%
The pace of price rises in the UK slowed in September, pushing the inflation rate down to its lowest level for nearly three years......
AUDIO: Osborne's austerity policy is 'mad'
Taking part in a debate in the House of Lords yesterday, the Nobel Prize winning economist Paul Krugman described George Osborne's austerity policy as "mad"......
VIDEO: Starbucks 'paid just 8.6m tax'
US coffee giant Starbucks reportedly paid just 8.6m in corporation tax in the UK over 14 years......
VIDEO: Mother 'can't afford healthy food'
A record number of people received emergency food from UK food banks in the last six months, a charity says......
VIDEO: Citigroup's boss Pandit resigns
Citigroup chief executive Vikram Pandit has surprised Wall Street by resigning with immediate effect......
AUDIO: 'No conflict' with for-profit rescue
James Drummond, group CEO of Avincis, told the Today programme he does not see a conflict of interest in being a profitable company which provides helicopter search and rescue services......
AUDIO: Take 'lottery factor' out of pensions
A government proposal to make it easier for employees to transfer pensions from one employer to another when they change jobs could result in those employees losing up to a quarter of their funds, according to Joanne Segars, chief executive of the Na.....
VIDEO: Training scheme for heritage railway
Severn Valley Railway is raising money to form the country's first Heritage Training Academy......
Food price crisis: What crisis?
Are we heading for another food price crisis?.....
Top toys get techy for Christmas
The old favourites getting a hi-tech makeover for Christmas.....
Can the world keep its promises?
Can the world really keep its promises on schools?.....
Profile: Lloyd Shapley and Alvin Roth
What links mass weddings and the Nobel prize?.....
What motivates philanthropists?
Why philanthropists choose to donate their money.....
Scottish independence: Braveheart or iPad?
Independence: Braveheart or iPad?.....
U.S. Day Ahead: Pressure on BofA's Moynihan to bounce back
Oct 16 - Financial earnings have been completely overshadowed by Vikram Pandit's bombshell departure from Citi but Wednesday it is back to dollar and cents with all eyes on Bank of America......
Techquity: Microsoft's Surface plan, why Intel, IBM may beat
Oct 16 - Microsoft unveils pricing for its new tablet, plus why Intel and IBM could exceed profit forecasts on our new tech stocks show......
EXCLUSIVE - Pandit felt it was time to "move on" from Citi
Breakingviews' Rob Cox spoke to Vikram Pandit and says the CEO left Citi on his own accord after he felt he had rebuilt confidence and capital in the bank......
Wealth Strategies: Citi should be able to up payout in March
Oct 16 - S&P Capital IQ's Erik Oja says Michael Corbat's first task as Citigroup's new CEO will be to shed assets and that the company should be able to raise its dividend after stress tests in March......
Trading at Noon: Citi in 'Pandit'-monium; earnings deluge
Oct 16 - Citigroup's CEO Vikram Pandit resigns, Michael Corbat is named CEO. Goldman Sachs investment gains lead to profit beat......
Breakingviews: Bye-bye Pandit
Oct 16 - Breakingviews columnists discuss the sudden departure of Vikram Pandit from the helm of Citigroup, just one day after the bank cheered Wall Street with better than expected Q3 earnings......
Copper price to stay stable in 2013, says Aurubis
Oct. 16 - The prospect of ECB bond buying and more QE will offset weak global growth and mean copper prices stay stable at around $8,000 a tonne says Stefan Boel, member of the board at Aurubis......
Saft Says: EU should have gotten Nobel Prize for literature
Columnist James Saft says the European Union and the Euro are a fundamentally romantic notion, and should have been awarded the Nobel Prize for literary fiction......
FACTBOX: A look at Citigroup under Pandit
Oct 16 - Citigroup Chief Executive Vikram Pandit has resigned effective immediately, after less than five years at the company......
Europe Day Ahead: European People's Party Congress kicks off
Oct. 16 - Leaders including Germany's Merkel, Spain's Rajoy and Greece's Samaras gather to discuss Europe's economic difficulties in Bucharest......
Saft Says: Citi is poster child for troubled industry
Columnist James Saft says Citi shareholders should be used to things looking bad and high levels of uncertainty as Citi CEO Vikram Pandit resigns......
UK firms follow Olympic road to Rio
Oct. 16 - Small British firm Crux Product Design usually create medical devices, but a contract with UK Sport saw them design the gold medal-winning helmets worn by the Team GB cyclists at the London Games. Crux hopes the Olympic legacy will lead to .....
Wealth Strategies: Pay may have been key to Citi CEO leaving
Oct. 16 - Hill-Townsend's Gary Townsend says inadequate compensation may have been a factor in the surprise resignation of Citi CEO Vikram Pandit, but feels incoming CEO Michael Corbat will be good for the bank.....
3XSQ: Don't expect Citigroup break-up: Breakingviews editor
Breakingviews Editor Rob Cox says Citigroup Chief Executive Vikram Pandit's departure will not lead to major strategy shift at the bank......
Cardboard bicycle can change the world, says Israeli inventor
Oct. 16 - Israeli entrepreneurs say they're about to take the cycling world by storm with their new bicycle - made of recycled cardboard. Each bike costs less than $US10 to produce which, the developers say, will make it an accessible, environmentall.....
Daily Digit: Roche's cancer drug sales up
Oct.16 - 11.27 billion Swiss francs ($12.1bln) is the third quarter sales figures from Swiss drugmaker Roche. The world's biggest maker of cancer drugs is banking on a new generation of breast cancer medicines to drive sales growth. Sonia Legg report.....
Market Pulse: Dog days for the dollar
Oct. 16 - The latest commentary from Fed, IMF and euro zone officials all points to a lower dollar. So no surprise to see the euro back above $1.30. Plus, "Chart Point" and "On the record"......
Brussels oversight a fact of life - UK watchdog
Oct. 16 - Brussels regulatory control and policy intervention is a reality despite FCA independence, argues the watchdog's new chief Martin Wheatley......
UK watchdog to tone down approach if banks get in line
Oct. 16 - The UK's new chief financial regulator Martin Wheatley says the watchdog may tone down its approach if banks get in line, but that success will be difficult to measure......
New UK watchdog warns of no let up in abuses crackdown
Oct. 16 - Britain's new markets watchdog will continue to crackdown on cases of wrong-doing in the market, with credible deterrants central to its strategy, according to its CEO Designate, Martin Wheatley......
Breakingviews: Rothschild better out than in
Oct. 16 - Financier Nat Rothschild's resignation may smoothe the way for a proposed exit by Bumi's Indonesian partners, says Breakingviews Rob Cole......
Is China bouncing back? Check Australia's mines to find out
Oct. 16 - With much of Australia's iron ore shipped to China, rising output could signal a Chinese economic recovery - but doesn't herald a return to the commodities boom days. Jon Gordon reports......
NEWSMAKER: Journey to the FCA
newsmaker with Martin Wheatley, who will head the new Financial Conduct Authority......
Economy 2012: Roche's EM boom to cushion Europe recession
Oct. 16 - Growth of 30% or more in China should compensate for a tough Europe, says Roche CEO Severin Schwan. No comment on talk of a renewed bid for Illumina, but gene-sequencing is a key area......
Reuters Today: Greece says 'worst is over'
Oct. 16 - Sentiment lifts as Greece says the worst is over and it will get a deal on aid, but slumping auto sales are a reminder that Europe isn't out of the woods yet......
IAG shares dip on Iberia concerns
The FTSE 100 group missed out on wider market gains.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/248d0933/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/144545116961/u/3/f.....
Goldman Sachs interns' '6am bootcamps'
Goldman Sachs trainees were routinely forced to attend 6am "bootcamps", according to a book by a former employee who earlier this year accused the bank of having a "toxic" culture.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/3.....
Bumi's senior non-exec can steer miner slowly back on track
If any shareholders in Bumi, the FTSE 250 mining group, think there's going to be a speedy resolution to the company's rather ugly set of issues, they should think again.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568.....
Rothschild 'wrong' on Bumi's deal dangers, says deputy chairman Sir Julian Horn-Smith
Nat Rothschild is "completely, 100pc wrong" about the controversial "divorce" deal facing Bumi, according to the man trying to steady the troubled London coal group in the wake of the financier's shock resignation.<img width='1' height='1' src='ht.....
Bumi board's Sir Julian Horn-Smith on battle to dig company out of a hole
In the wake of Nat Rothschild's shock resignation from troubled coal group Bumi, Sir Julian Horn-Smith is fighting to show that the board can be trusted to "do the right thing".<img width='1' height='1' src='http://telegraph.feedsportal.com/c/3272.....
West Coast investigator yet to contact bidders
The two main bidders for the cancelled West Coast rail contract have expressed surprise that they are yet to be contacted by the senior businessman investigating what went wrong on the bid.<img width='1' height='1' src='http://telegraph.feedsporta.....
Germany shocks EU with fiscal overlord demand
Germany has stated its exorbitant price for keeping Greece in the euro and agreeing to mass bond purchases by the European Central Bank.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/248c69d3/mf.gif' border='0'/.....
Rupert Murdoch's iron grip on News Corp 'benefits shareholders'
News Corporation has tried to persuade investors that the dual-class shareholding structure that allows Rupert Murdoch to maintain his iron grip on the company actually exists for their benefit.<img width='1' height='1' src='http://telegraph.feeds.....
News Corp annual meeting: as it happened
Rupert Murdoch, chief executive of News Corp, faces renewed calls from shareholders to step down as the company's chairman as it holds its annual meeting in Los Angeles today.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/.....
Britain will feel the pain when the QE bubble finally bursts
Money creation on a massive scale has become the new normal, the only way the economy can cope, and a convenient crutch for a chancellor whose grip over the public finances remains frighteningly fragile.<img width='1' height='1' src='http://telegr.....
News Corp annual meeting: live
Spain edges closer to requesting a bail-out as rumours circulate that Moody's is preparing to downgrade the country's sovereign credit rating.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/248aa194/mf.gif' borde.....
Why the outlook is bright for housebuilders
Underlying confidence in the house building industry is starting to show its face, says Bellway's chief executive.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/248bd797/mf.gif' border='0'/>.....
BP sets Thursday morning deadline for Rosneft and oligarchs to bid for TNK-BP stake
Oil giant BP has set a deadline of Thursday for all bids for its stake in TNK-BP, in a move expected to elicit offers both from its oligarch partners, AAR, and from Kremlin-controlled Rosneft.<img width='1' height='1' src='http://telegraph.feedspo.....
Vikram Pandit resigned after boardroom clash
Vikram Pandit has resigned as chief executive of Citigroup after an apparent boardroom clash over pay, performance and strategy.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/248b68a6/mf.gif' border='0'/>.....
Smiths News plans move outside newspapers and magazines
Britain's largest distributor of newspapers and magazines, Smiths News, is planning to diversify outside its core markets.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/248b2e43/mf.gif' border='0'/>.....
Risky products could be banned for a year, warns Wheatley
Risky financial products could be banned with no prior warning, according to Martin Wheatley, the incoming head of Britain's new market regulator.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/248b03f0/mf.gif' b.....
N Brown sales lifted by cool weather
Home shopping group N Brown has highlighted the boost enjoyed by British retailers from the onset of autumnal weather in September, by reporting a surge in sales over the last month.<img width='1' height='1' src='http://telegraph.feedsportal.com/c.....
Spirit Pub Company buoyant despite estate writedown
Spirit Pub Company, which was spun off from Punch Taverns last year, saw its shares retreat after it reported full year figures that included a nearly 600m writedown on the value of its properties.<img width='1' height='1' src='http://telegraph.fe.....
Toyota to halt production at China plant as sales fall
Toyota will partly suspend production next week at its biggest assembly plant in China, according to reports, due to weak demand for Japanese cars triggered by a bitter territorial dispute between Tokyo and Beijing.<img width='1' height='1' src='h.....
Carpetright sales growth slows
The flooring retailer and economic bellwether Carpetright has warned that trading remains tough in the UK.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/248b03f5/mf.gif' border='0'/><br/><br/><.....
William Hill closes in on Sportingbet deal
William Hill has moved a step closer to acquiring Sportingbet after agreeing the terms of a 530m takeover bid.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/248afeb4/mf.gif' border='0'/><br/><br/>.....
Vikram Pandit: The academic 'hedge fund guy'
Vikram Pandit has been dogged by critics ever since he was appointed Citigroup chief executive in December 2007.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/248afeb5/mf.gif' border='0'/>.....
Brussels orders Google to explain what it's doing with user data
Google has been ordered to spell out how and why it collects the personal information of its users, amid concerns it could be breaching European privacy laws.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/248a6b.....
OBR admits it failed to see double-dip coming
Britain's official economic forecaster did not see the double-dip recession coming because it was overly optimistic about trade, investment and consumer spending, it has admitted.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32.....
Debt crisis: as it happened - October 16, 2012
Spain edges closer to requesting a bail-out as rumours circulate that Moody's is preparing to downgrade the country's sovereign credit rating.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/248a6b3b/mf.gif' borde.....
