Barclays’  chief executive  Antony Jenkins: “We have made very good progress. The bonus is recognition of that and I decided to accept it on this occasion.” Photograph: Simon Dawson/Bloomberg

In the City, it’s known as “the L’Oréal moment” – when a boss decides to take the bonus his board has offered “because I’m worth it”.Barclays boss Ant(...)

António Horta-Osório, chief executive of Lloyds Banking Group. He stands to collect a bonus of £7 million on Friday. Photograph: Simon Dawson/Bloomberg

Lloyds Banking Group’s army of small shareholders will have cause to celebrate on Friday as the bailed-out bank is expected to resume dividend payment(...)

HSBC maintained, in full page adverts taken out in papers at the weekend,  that its Swiss banking operations had been “completely overhauled”. Photograph: Harold Cunningham/Getty

Have you ever asked your window cleaner for a receipt? Me neither. Nor, it appears, has the shadow chancellor Ed Balls, at least not in the past 17 ye(...)

Analysts caution that the road to recovery at Tesco will be a long one

At last, something for the man with the toughest job in retail to smile about: sales at Tesco have returned to growth for the first time in a year.Pri(...)

The BP chief warned it would be “a long time” before we saw $100 a barrel oil again

Oil prices rallied yesterday as BP revealed the huge damage the rout in the price has done to its business, which crashed into the red by $1 billion ((...)

 Li Ka-shing: a week before his interest in O2 was revealed, his Hutchison Whampoa conglomerate added to its portfolio of UK holdings with a £2.5 billion takeover of Eversholt Rail.  Photograph: Alex Hofford/EPA

If Li Ka-shing pulls off his £10-billion-plus bid for Britain’s largest mobile phone operator, O2, it will be the legendary Hong Kong investor’s bigge(...)

Terry Leahy: stepped down as chief executive of Tesco three years ago after a glorious 14-year reign

Terry Leahy stepped down as chief executive of Tesco three years ago, after a glorious 14-year reign in which profits soared from £750 million to £3.2(...)

Shares in the supermarket chain jumped more than 4 per cent after news of Dalton Philips’s departure, a brutal verdict from the City on the Irish man’s time at the top. Photograph: PA

Dalton Philips, the globetrotting Irish retail executive, will soon be heading back to his homeland to reflect on the future after being sacked as chi(...)

Retailers are counting the cost of Black Friday as they survey the damage the discounts have done to their profit margins over the Christmas season. Photograph: Rob Stothard/Getty Images

It started out as a shameless marketing ploy to part shoppers with their cash. Now retailers are counting the cost of Black Friday as they survey the (...)

The Bank of England sign on the wall of its headquarters in London. A power cut at the bank added to the drama of banking stress tests yesterday

A power cut at the Bank of England added to the drama of the banking stress tests on Tuesday, as reporters and officials were forced to quit Threadnee(...)