India - we can take the economic lead as China stumbles

  • 27 August 2015
  • From the section Business

Nothing better sums up the contradictions of India than the main road south-east from Delhi to the city of Agra.

Running alongside this major arterial route as it snakes out of the capital is the new Delhi metro - something akin to the London Underground (though a lot smaller).

Although city residents complain that it is already horribly overcrowded just over a decade after the first line opened, it is nevertheless an enormous show of infrastructure muscle.

Every year millions of commuters travel to and from the city on its six new lines and so avoid the daily gamble of Delhi's notorious traffic jams.

And, as any management consultant will tell you, better transport links can add to a country's economic prosperity.

Read full article India - we can take the economic lead as China stumbles

Co-op - one key figure that borrowers and savers should keep an eye on

  • 20 August 2015
  • From the section Business
Co-op branch

The chief executive of the Co-op Bank, Niall Booker, will see some glimmers of hope in today's results.

The bank's capital position (the strength of its balance sheet) is improving and operational costs are down 13%.

Read full article Co-op - one key figure that borrowers and savers should keep an eye on

North Sea oil giant - do not risk the UK's 'engineering legacy'

  • 18 August 2015
  • From the section Business
An oil rig worker in the North Sea

"It is tough times, we will have to cut our cloth accordingly."

Following BP, Centrica and Shell, the words of Bob Keiller reveal yet another senior oil and gas executive who has bad news and job losses to announce concerning the North Sea.

Read full article North Sea oil giant - do not risk the UK's 'engineering legacy'

Thomson boss: Greece needs help to tackle migrant 'tragedy'

  • 13 August 2015
  • From the section Business
Syrian migrants arrive at Greek island of Kos

The announcement of travel giant Tui Group's results this morning were always going to be dominated by the impact of the terrible events in Tunisia in June.

Of the 38 people killed in the terror attack at a resort near Sousse, 33 were on Tui holidays, 30 of whom were British.

Read full article Thomson boss: Greece needs help to tackle migrant 'tragedy'

The Co-op Bank - when is a punishment not a punishment?

  • 11 August 2015
  • From the section Business
Co-op bank sing

Eyebrows might well be raised this morning after the Bank of England's Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) threw the kitchen sink at the Co-op Bank for multiple failings but said, all things considered, it wouldn't be fining the organisation.

The language used by the PRA and the FCA about the chaos at the Co-op Bank which almost forced a state-funded bailout could not be clearer.

Read full article The Co-op Bank - when is a punishment not a punishment?

HSBC's Gulliver steps back from London HQ decision

  • 22 July 2015
  • From the section Business
HSBC group chief executive Stuart Gulliver
Image caption HSBC chief executive, Stuart Gulliver, warned earlier this year the bank could move its headquarters from London

Banking sources agree Budget has "softened" HSBC's attitude to staying in the UK - and it will be for the board to decide, not the CEO

For the City, one of the biggest events of the year will be HSBC's decision on whether it wants to change the location of its headquarters and leave London.

Read full article HSBC's Gulliver steps back from London HQ decision

Treasury bundles FCA boss out of the door

  • 17 July 2015
  • From the section Business
Martin Wheatley

Make no bones about it, the Treasury was behind Martin Wheatley's surprise decision to stand down as the head of the Financial Conduct Authority.

I am told that discussions were held with the head of the FCA in recent weeks where it was made clear that the chancellor would not be asking Mr Wheatley to stay on when his contract came up for renewal in March 2016.

Read full article Treasury bundles FCA boss out of the door

Is it time to break up BT?

  • 16 July 2015
  • From the section Business
A BT Openreach engineer working on internet cables in the street

At first reading, the notion that the communications regulator Ofcom could set about BT with an axe would be assumed to be generally bad news for Britain's formerly state-run telecommunications business.

But this morning, BT's share price has hardly wavered despite Ofcom suggesting that its highly lucrative Openreach division could be sold off.

Read full article Is it time to break up BT?

Fresh exodus at Barclays as Sir Mike Rake moves on

  • 15 July 2015
  • From the section Business
Sir Mike Rake
Image caption Sir Mike Rake moves on from Barclays

To lose a chief executive might be considered a misfortune. To lose a deputy chairman just a week later might be considered careless.

I have been told that Sir Mike Rake, who has been on Barclays' board since 2008 and deputy chairman since 2012, is stepping down from the bank and is taking up the job as the chairman of Worldpay, the payments processing firm formerly owned by the Royal Bank of Scotland.

Read full article Fresh exodus at Barclays as Sir Mike Rake moves on

Banks face new legal action over forex manipulation

  • 14 July 2015
  • From the section Business
Man reflected in an electronic board
Image caption Foreign exchange trading involves huge sums of money

After fines totalling many billions of pounds from UK and US regulators, a new threat is about to hit the major banks found guilty of manipulating the foreign exchange market.

US lawyers are preparing multi-million-pound legal action - to be lodged in the autumn - against up to 12 banks.

Read full article Banks face new legal action over forex manipulation