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FT Business News

30th Jul 2010 - CBI chief in line for Indian envoy role

Cabinet ministers are to tap up Richard Lambert, the outgoing head of the CBI employers' group, to become UK high commissioner to India as part of a drive to appoint captains of industry to important diplomatic posts

30th Jul 2010 - Lloyds to lead way with £1bn in profits

The fortunes of Britain's biggest banks have undergone a startling turnround, with profit growth at state-backed Lloyds set to eclipse that of the former industry star Barclays when first-half results are disclosed next week

30th Jul 2010 - Banking recovery brings threat of backlash

The part-nationalised bank are expected to report marked improvements in interim reports. But the revival in their fortunes risks fuelling the political row about the broader role of banks in a society facing austerity

30th Jul 2010 - State-backed lenders bid to win back trust

For RBS and Lloyds, the financial crisis has ushered in behavioural changes, as bankers adjust to the 'new normal' ? an environment where the public demands service over swagger

30th Jul 2010 - Music promoter accuses police of 'shakedown'

A businessman who successfully sued a local council over a cancelled concert is pursuing the police for damages, claiming they attempted to overcharge him for security

30th Jul 2010 - Nadir to return to UK as warrant is quashed

Asil Nadir, the tycoon and alleged fraudster, is due to return to Britain after almost 20 years, but will not face punishment for fleeing the country because his bail was never properly set, a court has ruled

30th Jul 2010 - Arts leaders fear cuts in regions

Calls by the government for arts bodies to become more reliant on business support risk creating a national divide between England's regional ­theatres and galleries and ­London institutions, say critics

30th Jul 2010 - BP prepares to seal leaking well with 'static kill'

BP engineers are preparing to pump thousands of litres of heavy "mud" into the top of the ruptured Gulf of Mexico well that has caused the worst oil spill in US history.

30th Jul 2010 - Nationwide to raise fees for foreign currency

UK's biggest building society is increasing foreign currency charges on its FlexAccount bank card, a travel money 'best buy' used by more than 1m holidaymakers to boost their spending power overseas

30th Jul 2010 - Numbers cap does not fit anxious UK groups

Introduction of an interim limit to non-European Union migration raises again the hackles of companies, stirring fresh doubts about whether Britain is 'open for business'

29th Jul 2010 - Forgemasters set Cable nuclear deadline

Sheffield Forgemasters will warn the business secretary it will ditch an ex­pansion into nuclear pow­er unless the government helps fund the project

29th Jul 2010 - Backlash over scrapping of retirement age

Move delights pressure groups but dismays business organisations, which warn that the measure is being introduced too quickly

29th Jul 2010 - FSA unveils tough pay and bonus code

The FSA is broadening the scope of its pay code to more than 2.500 financial services companies to comply with EU legislation that introduced some of the world's toughest restrictions on bankers' bonuses

29th Jul 2010 - Sharp fall in lending to UK financial sector

Bank lending to the industry is at its lowest for at least a year following a very sharp drop in June, data from the Bank of England show

29th Jul 2010 - Cancer Research sets up drug plant

The charity will produce experimental biotech drugs for clinical trials at £18m manufacturing unit

© The Financial Times Ltd 2010

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