Paul Flowers

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Former Co-op Bank boss Paul Flowers, dubbed the “Crystal Methodist” because of his predilection for illegal drugs. Flowers presided over the near-collapse of the ethical bank, once one of Britain’s most respected institutions. Photograph: PA

Remember Paul Flowers, the former Methodist minister who was once chairman of the Co-operative Bank? Dubbed the “Crystal Methodist” because of his pr(...)

For his voyage to Antarctica, Sir Ernest Shackleton picked a meteorologist with almost no qualifications for the post, as well as a physicist he took a shine to after asking the man if he could sing. Photograph: PA

I came across a British entrepreneur last week who told me something peculiar. He was on the brink of sealing a deal with a venture capital firm that (...)

Diane Abbott: something doesn’t add up. Photograph: Hannah McKay/Reuters

Last week Diane Abbott showed on live radio that she could not do simple division, did not understand place value and was an all-round dunce at maths.(...)

 Underlying profits at Rolls Royce tumbled by 49 per cent to £813 million but this was better than the City had expected. Photograph: Rolls-Royce/PA Wire

Currency movements have proved far more punishing to engineering giant Rolls-Royce than the penalties imposed on it for the widespread bribery and cor(...)

Richard Pennycook: “A significant element of our 2014 profit relates to one-off disposal gains on the sale of our farms and pharmacy businesses and property disposals”

The Co-operative Group, a British supermarkets-to-funerals operator that almost collapsed in 2013, said it was rescued by selling assets and could now(...)

Planet Business

Image of the week: Good impressionists Edouard Manet’s Le Printemps is pictured on display at Christie’s Auction House in Paris, where it is about to (...)

AIB swallowed about €22 billion of taxpayers money to keep it afloat.

AIB’s new chairman-designate, the British banker Richard Pym, is a most interesting appointment to oversee the board of what was once the country’s to(...)

Ian Read, chairman and chief executive of Pfizer leaves Portcullis House after attending a parliamentary business and enterprise committee hearing on the possible takeover of AstraZeneca, in London.

As Westminster grillings go, the enquiry into Pfizer’s proposed £63 billion (€77 billion) takeover bid for AstraZeneca was a relatively restrained aff(...)

Paul Flowers, former chairman of Co-Operative Bank Plc, center, arrives at Leeds Magistrates Court in Leeds, UK, this morning. Flowers, the former chairman of Co-Operative Bank, appeared at court charged with possession of cocaine, crystal meth and ketamine, almost a month after the lender said it would post a full-year loss of as much as £1.3 billion pounds. Photograph: Paul Thomas/Bloomberg

Paul Flowers, the former chairman of Co-Operative Bank Plc, was fined £525 pounds after pleading guilty to possession of cocaine, crystal meth and ke(...)

A Co-Operative Food store, operated by the Co-Operative Group , is seen through the passenger window of an automobile in Disley, UK. Photographer: Paul Thomas/Bloomberg

A former government minister appointed only four months ago to revive Britain’s Co-operative Group quit the job today, throwing the 170-year-ol(...)

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