Business

Crisis deepens as interbank cost of borrowing jumps

Lending rates between banks jumps, and Barclays write off another £1 billion Comments

DSG shares dive as new boss's revamp falls flat

Shares in struggling retailer DSG International plunge 9% as radical plans to save the business fail to wash in the City Comments

Fund manager halts move on Yahoo board

Hedge fund manager Eric Jackson, who wants to oust Jerry Yang as chief executive of Yahoo, has dropped plans to propose his own slate of directors for the internet firm Comments

Icahn may muscle in on Yahoo board

ITV ahead of market on adverts income, says Michael Grade

Michael Grade says ITV is set to outperform the rest of the television industry for the first time in eight years Comments

Justin King, chief executive of Sainsbury

Supermarket bosses: Yes, it's tough on High St - but inflation is not that bad

ANALYSIS Despite the headlines, we are probably some way from a free-for-all erupting at the local Waitrose Comments

News

Mayor seeks City expert to check cost of Olympics
Boris Johnson is hiring a City financial expert to check the cost of the 2012...

Girl gang targeted my Charlotte and tried to blow her up | Synagogue walls daubed with anti-Jewish graffiti

Sport

Avram Grant is facing FA rap over refs rant
Chelsea boss is asked to explain outburst as a misconduct charge looms

Rio's new United deal | Drogba demands to partner Anelka

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GE may spin off its washers arm

General Electric may sell off its large-appliances division, which makes fridges and washing machines, after more than 100 years in the industry Comments

UBS faces probe into 'tax dodges'

US prosecutors are to demand names of wealthy UBS clients suspected of using the Swiss banking giant to help avoid income tax, reports in the US say Comments

Airlines reopen talks on a tie-up

Talks between United Airlines and Continental on an alliance that was ruled out just a month ago appear to be back on Comments

Grid may switch balance of power with buy in Germany

National Grid indicates it could be on the verge of turning the tide of industrial history by bidding for a major chunk of Germany's electricity market Comments

Grid leaps on a Ł1.5bn US sale

Thomas Cook cuts losses as sales hold up

Thomas Cook says demand for holidays is booming despite the consumer slowdown and grim outlook for the economy Comments

UK unit of Axa fined for failings on subprime

A UK network of home-loan arrangers owned by French financial giant Axa is fined almost Ł1m after an investigation into the mis-selling of subprime mortgages Comments

Paddy Power on a winner with Ł65m

Earnings soar at top Irish bookmaker Paddy Power Comments

Verwaayen signs off from BT with revenues surprise

Ben Verwaayen signs off as chief executive of BT Group after six years in charge on a high with much better than expected trading in the final three months of its financial year Comments