UK Business News

Hornby profits derailed by sterling

Toy maker hammered by slump in the pound, but the future looks brighter thanks to tie-ups with Olympics and Jenson Button

Tullett dispute enters next chapter in High Court

Terry Smith, head of the brokerage, has admitted in court to discussing a rival’s private life with a Sunday newspaper

FTSE back to where it was before Lehman fell

Blue-chip index retraces its steps for best close since the onset of the global financial crisis in September 2008

• Property underpins FTSE as it nears the 5,300 mark

• Richemont hit as wealthy shun top brands

Kenmore Property collapse hits Lloyds

Bank is chasing debts and investments of more than £700m after the collapse of a property developer it was bankrolling

World Business News

IT programmers charged in Madoff scandal

Jerome O’Hara and George Perez face 30 years in prison if convicted of roles in the $65bn fraud

Analysts warn of risks of dollar carry trade

Economists at a summit in Singapore spoke out after a variety of assets started to display bubble-like inflation patterns

Abercrombie beats forecasts after cost cuts

Preppy US clothing retailer's profits fall less than expected as it takes radical action to cope with the recession

Business is booming for Switzerland’s gold smelters

The credit crunch has pushed precious metals prices to a historic high, leading families to sell old jewellery to be melted down into bullion

Analysis

On a wing and a prayer

We are like children cooing over shiny toy planes while in the hangar looms a full-size Jumbo, rusting

• Niggling number we would do well to dismiss

• From a golden hello to a comfortable goodbye

More routes but less class

The merger of British Airways and Iberia is not one of equals when it comes to product quality

• Merged group will still be able to fly the flag

Call for free Test matches could be a googly

David Davies will make recommendations on whether changes should be made to the events that have to be free to air

Law  

Baby RB to be allowed to die as father concedes

Father withdraws his opposition to doctors plea for severely disabled one-year-old boy to be taken off life support

Ofsted hid crucial evidence on Baby P sacking

Documents that Sharon Shoesmith was told 'did not exist' emerged only after Freedom of Information request lodged

Downturn makes no dent in pay of top lawyers

While smaller firms are reining in payments to partners, at leading City law firms, hundreds earned more than £1 million

Money  

Building Societies warn of higher mortgage costs

Tighter regulations on lending will see increased costs passed on to borrowers, the BSA warns

• Fewer Britons expected to lose homes

• Mortgage rates fall but loan restrictions tighten

Mortgage rates fall but loan restrictions tighten

Woolwich introduces restrictions to protect against base rate rises as it introduces new deals for borrowers with a 25 per cent deposit

Britons too optimistic about retirement

Just a third of people accept they will have to work beyond 65, even though the state pension age is set to rise

• Savers let down by workplace pension schemes

• Ten tips to make pensions work harder

business travel  

Profile: Toptable's Karen Hanton

An upgrade to first class? No thanks. The restaurant booking website founder explains why

Business travellers of the world unite! Well Britain anyway...

Travel agency body launches survey as it seeks to influence political parties in the run-up to the General Election

The world's oddest airport lounges

Lounges for dogs and children sound bizarre but they don't come close. Wait till you hear about Finnair's new Helsinki facility