Fresh valuation rise shows buyout groups weathering the storm
Last year continued a strong run in net asset values, despite some portfolio firms being over-levered.....
UK banks face criminal probes in battle against corruption
Lawyers predict fresh round of regulatory and legal action over bribery and corruption cases.....
Morgan Stanley puts European wealth arm up for sale
Buyers sought for bulk of wealth business as US bank eyes cost savings.....
UBS bankers face no jam today with bonus day doughnuts
Up to half of staff at Swiss group's investment bank face the prospect of a zero bonus.....
Nikko weighs second bite at Tokyo flotation
CEO of $150bn-plus Japanese asset manager targets IPO within 18 months.....
UBS eyes Asia with first Hong Kong ETF listing
Swiss bank looking to take advantage of growing regional ETF market.....
Backlash pushes pension reforms to the brink
Fifth EU country comes out against controversial reforms, leaving the vote on a knife-edge.....
3i enters talks over managed accounts
UK private equity firm is offering a handful of long-standing investors private terms.....
Marshall Wace and GaveKal go their separate ways
Hedge fund manager and Asian finance group dissolve joint venture.....
MarketAxess hires new Europe chief
Bond trading platform operator recruits ex-Deutsche Börse director as European CEO.....
London seeks infrastructure tsar (again)
Boris Johnson ; on behalf of the London Pensions Fund Authority ; is advertising again for a new board member with extensive experience in large infrastructure financing.....
Banks reduce their lending further
The number of loans being offered by banks has continued to fall, prompting the business secretary to say its Funding for Lending scheme may need to be improved......
Extra 150m invested in Jaguar plant
Jaguar Land Rover invests over 150m more in its new engine plant in the West Midlands, taking the total to over 500m......
Rolls-Royce paid no corporation tax
International engine builders Rolls-Royce paid no corporation tax in the UK in 2012, its annual report reveals......
Civil service union votes to strike
The UK's largest civil service union, PCS, votes for strike action over pay and pensions, paving the way for possible walkouts to coincide with the Budget later this month......
Fines and mis-selling cost HSBC $4bn
HSBC reveals it paid $4.2bn to cover money laundering fines and the cost of product mis-selling in 2012, as the chief executive's pay rose to $7m......
Debenhams issues profits warning
Shares in department store Debenhams fall 14% after the firm said bad weather in January would dent its profits for the first half of 2013......
Slim tops Forbes rich list again
Mexican tycoon Carlos Slim again comes top of Forbes magazine's annual list of the world's richest billionaires, while Warren Buffett slips back......
Liverpool positive despite debt rise
Premier League football club Liverpool says it is getting its finances in order, despite a large rise in its debts in the 2011-12 financial year......
Eurozone confident on Cyprus bailout
Eurozone finance ministers say they are confident of agreeing a bailout for Cyprus by the end of March, set to be worth up to 17bn euros ($22bn; 15bn)......
London Market Report
London's benchmark share index is dragged down by mining stocks after signs that China's appetite for raw materials could be faltering......
Construction output falls again
Output in the UK construction sector fell again in February, a survey indicates, as the sector suffered its worst month since October 2009......
5bn Liverpool docks plans approved
Plans for a 5.5bn redevelopment of Liverpool's docklands are given the final go-ahead by the government......
Bank of Ireland in 1.8bn-euro loss
Bank of Ireland, which owns Bristol and West and provides the Post Office's financial products in the UK, reports a loss of 1.8bn euros for 2012......
Latvia applies to enter eurozone
Latvia formally applies to join the euro in 2014, in a move which could see it become the 18th member of the bloc......
Rangers report 7m operating loss
Rangers Football Club report an operating loss of 7m although they say "extraordinary progress" has been made......
BOJ nominee promises bold steps
Haruhiko Kuroda, nominated to be the next head of Japan's central bank, promises to do "whatever we can do" to raise inflation to 2%, sending Japanese shares higher......
Swiss back curbs on executive pay
Swiss voters overwhelmingly back proposals to impose some of the world's strictest controls on executive pay, final referendum results show......
EU 'growth boost from US trade deal'
Europe's most senior trade official says that a free-trade agreement between the US and European Union would boost its growth by as much as 1%, leading to many more jobs......
Miners fired for doing Harlem Shake
Up to 15 miners in Australia have been fired after performing a version of the Harlem Shake underground and posting a video of it online......
Ad derides watered-down Bud claims
Anheuser-Busch runs adverts in 10 US newspapers, seeking to defend its reputation against claims that it is watering down Budweiser and other beers......
No 10 'considering EU benefit curbs'
Government plans to clamp down on "benefit tourism" could see both Britons and immigrants affected by changes to the rules on entitlement......
Arsenal dismiss takeover reports
Arsenal say owner Stan Kroenke "has no intention" of selling his shares following reports of interest from the Middle East......
AUDIO: 'Decade of neglect of nuclear policy'
The Conservative MP Tim Yeo says the government is guilty of a "decade of neglect of nuclear policy"......
AUDIO: HSBC profits are 'relatively low'
Allister Heath, editor of City AM, says HSBC's profits "are actually not that high"......
VIDEO: Mexican tops Forbes rich list again
Mexican tycoon Carlos Slim has topped Forbes magazine's list of the world's richest billionaires for a fourth year.....
VIDEO: Bank lending falls despite BoE scheme
Lending by UK banks fell by more than 2.4bn in the last quarter of 2012, despite the Bank of England's scheme to encourage it......
VIDEO: 'Exceptionally disappointing' loan figures
The fall in lending by UK banks is "exceptionally disappointing" Labour's shadow treasury minister has said......
VIDEO: India's FM defends spending plan
India's Finance Minister, P Chidambaram, says his country is meeting the necessary targets to bring down the fiscal deficit......
AUDIO: 'Big revulsion' over executive pay
Alan MacDougall, Managing Director of PIRC, says "there's large scale public anger about the problem of pay"......
VIDEO: 'Sit on your meat and eat it'
In Paris, fashionable chefs have been putting horsemeat back on their menus......
How savvy retailers sell by stealth
The secret of how retailers sell by stealth.....
VIDEO: Inside Microsoft's house of the future
The house of the future unveiled at the tech giant's HQ.....
U.S. Day Ahead: Style guru Martha Stewart takes the stand
Mar 4 - We've heard from the CEOs of Macy's and J.C.Penney, now it's the turn of Martha Stewart. Macy's is suing her and Penney after they made plans to launch Martha Stewart boutiques in about 700 stores......
Techquity: Apple low, Google high, Microsoft's possible fine
Mar 4 - Apple slips, Google gains, and Microsoft could have to pay up to Denmark......
Trading at Noon: China, Europe hold back market highs
March 4 - Investors shrug off sequester concerns, but growth worries in China and the European debt crisis weighed on U.S. stocks......
Exodus fears after new exec bonus assault
March 5 - European executive pay comes under attack for a second time in less than a week after Swiss voters backed some of the world's strictest controls on corporate wages - but what impact will it have? Joel Flynn reports......
Satellite data reveals extent of Andean glacier melt
March 4 - New research shows that warming temperatures are melting Andean glaciers at unprecedented rates, raising fears of water shortages by the middle of the century. Using the latest satellite data, scientists say glaciers along the Cordillera Re.....
Breakingviews: Berkshire's Buffetted bonanza
March 4 - Antony Currie and Agnes T. Crane discuss how the Sage of Omaha's stance against paying a dividend looks increasingly at odds with the cash-rich, lower-return company he oversees......
Croatian micro-car to electrify mass market
March 4 - Croatian engineering company Dok-Ing has announced plans to start serial production of its electric three-seat microcar. The company believes urban commuters will find the vehicle ideal for low-cost, environmentally-friendly motoring. Jim D.....
Europe Day Ahead: Ecofin mulls Cyprus bailout
Mar. 4 - Euro zone finance ministers meet in Brussels to discuss how to fund a potential bailout of Cyprus. Expect PMIs from the UK, EZ and Germany. Earnings from StanChart, Intesa Sanpaolo, Glencore & Xstrata......
HSBC raises dividend despite profits dip
March 4 - Shares in Europe's largest bank fall despite annual profit of $20.6 billion. It was short of expectations but pledges to increase its dividend as strong growth in Hong Kong and other core Asian markets boosted its capital. Hayley Platt repo.....
Daily Digit: Spain's unemployment hits 5m
March 4 - Spanish unemployment reached five million in February. Expectations were for a much bigger increase but youth unemployment remains stubbornly high. Sonia Legg reports......
Reuters Breakingviews: Swiss shift power to shareholders
Mar. 4 - The Swiss move on executive pay rightly empowers shareholders to curb excesses, says Breakingviews. Its time for corporate boards to listen up......
Android an obvious choice for world's priciest phone maker
Mar. 4 - Who says Android is the peoples operating system? It's also perfect for the rich, according to the head of ex-Nokia unit Vertu, which has opted for Google over Microsoft in its new $10,000 handset......
Reuters Today: Italy faces new election 'within weeks'
Mar. 4 - Italy's inability to form a government after inconclusive elections means a new election will have to take place very soon, says Praefinium Partners' Alpesh Patel.....
The unwanted guests at China's leadership party
Mar. 4 - As the curtain rises on Chinas annual parliament, its biggest display of party strength and unity, here are three glaring issues likely to dominate discussions - if not the official headlines......
U.S. Morning Call: Smartphone makers see big growth in 2013
Mar 4 - U.S. stock futures weaker this morning on concerns about the global economy and growth; Asian-based smartphone manufacturers claim their market share and shipments will surge this year......
Market Pulse: Traders doubt evidence of gold downturn
Mar. 4 - While three major banks have downgraded their expectations for the price of gold over the coming year, market players say strong demand will keep prices high......
Ophir Energy asks shareholders for 553m to fund African drilling
Oil and gas explorer Ophir Energy is asking shareholders for 553m to plug a funding shortfall for its ambitious drilling programme in Africa.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/293312f5/mf.gif' border.....
Dozens of women join ranks of the world's richest billionaires
The number of female billionaires has risen by a third over the past year, representing 138 of the record high of 1,426 billionaires globally.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2932220c/mf.gif' borde.....
Mining heiresses Gina Rinehart and Angela Bennett fight Rio Tinto
Two of the world's richest women have overcome years of hostility and began a battle against mining giant Rio Tinto over iron ore riches worth at least 130m.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2932220.....
6,000 jobs saved after Fox's Biscuits owner buys British meat factories
The owner of Fox's Biscuits and Goodfella's pizza has safeguarded 6,000 UK jobs by buying 11 red meat and poultry factories put up for sale by their Dutch owner, Vion.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300.....
Landowne Sir Paul Ruddock boss retires for the arts
Sir Paul Ruddock, one of the country's top financiers and a major Tory party donor, is retiring as chief executive of Lansdowne Partners, the hedge fund he co-founded in 1998, to devote his time to the arts and charity.<img width='1' height='1' sr.....
Landowne boss Sir Paul Ruddock retires for the arts
Sir Paul Ruddock, one of the country's top financiers and a major Tory party donor, is retiring as chief executive of Lansdowne Partners, the hedge fund he co-founded in 1998, to devote his time to the arts and charity.<img width='1' height='1' sr.....
Regulators give capital 'green light' to HSBC
HSBC has become the first British bank to be given the green light by the financial regulator on its capital position, ahead of a report expected to identify shortfalls at several lenders.<img width='1' height='1' src='http://telegraph.feedsportal.....
US billionaire eyes Lonely Planet, report says
A US billionaire who made his fortune selling discounted cigarettes is in talks to buy the travel publisher Lonely Planet, according to a report.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/293217ed/mf.gif' bo.....
Europe faces an impossible challenge - why can't Olli Rehn see it?
"There is no alternative". That was again the message this weekend from our old friend Olli Rehn in telling Der Spiegel that the eurozone's miscreant periphery has no option but to stick to the assigned path of budgetary consolidation.<img width='.....
Vodafone finds a champion in Oriel Securities
Oriel argued that analysts had been too pessimistic on the company.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2931ef35/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/158.....
Isa investment falls in January
The amount held in investment Isas fell by 305m last month despite the stock market rally.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2932106f/mf.gif' border='0'/><br/><br/><a href="http://d.....
SFO's ex-chief Richard Alderman criticised over 1m of payments
The former head of the Serious Fraud Office has been heavily criticised for allegedly sanctioning almost 1m of severance payments to three departing colleagues without getting the necessary approvals.<img width='1' height='1' src='http://telegraph.....
Elan to pay cash dividend linked to multiple sclerosis sales
Irish drugmaker Elan said it will start paying shareholders 20pc of the royalty it receives for its multiple sclerosis treatment Tysabri.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/29315f43/mf.gif' border='0'.....
Nine in 10 stick with their 'auto-enrolled' pension
Fewer than 10pc of Asda workers opted out of their pension following the introduction of automatic enrolment, confounding fears of mass rejection.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/29315f44/mf.gif' b.....
Testing group Intertek to gain from fallout of horse meat scandal
Intertek, the quality testing and inspections group, said it was well placed to benefit from the increased scrutiny and EU regulations likely to arise from the horse meat scandal.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32.....
US housing recovery helps Keller to double profit
Keller, the global engineering group, said the US housing recovery helped its annual profits to double despite slumping European markets.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/29315440/mf.gif' border='0'.....
The world's ten richest people: in pictures
In pictures: The ten richest people in the world, according to Forbes.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/292fe83f/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/.....
Japan pledge for bold action sparks currency war fears
The man set to head Japan's central bank has pledged to do "everything possible" to propel the country out of its deflation trap, raising fears that a falling yen will spark a currency war.<img width='1' height='1' src='http://telegraph.feedsporta.....
Groupon's ex-chief Andrew Mason paid $378.36 in severance
Andrew Mason had a basic salary of $756.72 and will get six months pay after being fired.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/292fe841/mf.gif' border='0'/><br/><br/><a href="http://da.....
Banks withdraw 1.88bn from economy, offsets rise in lending
Britain's banks and building societies drew 13.8bn from the state-backed Funding for Lending cheap credit scheme (FLS) in its first five months of operation, but cut loans to households and businesses by almost 2bn.<img width='1' height='1' src='h.....
Amlin returns to the black as catastrophe claims fall
Lloyd's of London insurer Amlin has returned to the black, raised its dividend and made a bolt-on buy after seeing a near-350m reduction in catastrophe claims last year.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/5683.....
What would Volcker say about HSBC's investment bank?
"You'll know it when you see it," was the phrase used by former Fed governor Paul Volcker to suggest how his eponymous anti-proprietary trading rule might be enforced.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300.....
What would Volcker say about HSBC's investment bank?
"You'll know it when you see it," was the phrase used by former Fed governor Paul Volcker to suggest how his eponymous anti-proprietary trading rule might be enforced.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300.....
Latvia formally applies to join eurozone
Latvia has applied to join the eurozone next year, a sign of the faith in the troubled currency bloc as it looks to become the 18th member.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/292f30dc/mf.gif' border='.....
Bank of England: Funding scheme 'working as intended'
Paul Fisher, executive director for markets at the Bank of England, says he expects to see lending pick up during the course of the year as the economy starts to grow.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300.....
