Founders bale out of Moss BrosMoss Bros has reshuffled its board and revealed that the Gee family, one of its founding families, has all but sold its stake in the retail group.
Thu, 28 Aug 2008 00:00:01 +0100 Union piles pressure on Tesco through US supplierAmerica's biggest food workers' union has stepped up its pressure on Tesco's US operation, by reporting its ready-meals supplier in the US to a labour-relations tribunal yesterday for the alleged unfair firing of six employees.
Thu, 28 Aug 2008 00:00:01 +0100 RBS appoints heavyweight bankers to appease criticsRoyal Bank of Scotland's appointment of three banking heavyweights to its non-executive board looks to have appeased critics angered by the bank's losses this year. Some analysts have warned, however, that it is only one step in the right direction.
Thu, 28 Aug 2008 00:00:01 +0100 Sean O'Grady: Credit crunch: 'It's just the end of the beginning' Here's some "big picture" numbers on the state of the world's financial system. According to ING, the total value of assets written down by Planet Earth's big banks is $502bn. The total value of capital raised by the same: $351bn. That deficit, of $151bn could easily get much much bigger. No wonder the Deputy Governor of the Bank of England, Charlie Bean, said the other day that the slowdown may "drag on for some considerable time", while the IMF has called it "the largest financial shock since the Great Depression".
Thu, 28 Aug 2008 00:00:01 +0100 Market Report: Cazenove note leaves Enterprise hungoverEnterprise Inns was the weakest on the FTSE 100 yesterday after Cazenove, worried by data from a subsidiary, downgraded the stock to "underperform" from "in-line".
Thu, 28 Aug 2008 00:00:01 +0100 The Investment Column: Rising profit and earnings make G4S a secure betOur view: Buy
Thu, 28 Aug 2008 00:00:01 +0100 Segro steps up demolitions after change to tax reliefThe chief executive of Segro has lambasted the Government's removal of business rate relief on empty commercial property, as it revealed a first-half loss of £315m from tumbling property valuations.
Thu, 28 Aug 2008 00:00:01 +0100 Ministers must 'stop home seizures' Ministers must act to help thousands of homeowners and put curbs on banks repossessing homes if borrowers get into trouble, says Vince Cable, the Liberal Democrat Treasury spokesman.
Thu, 28 Aug 2008 00:00:01 +0100 David Prosser's Outlook: The real victims of the housing market crisis need all the help they can getHis colleagues in the housebuilding industry won't thank him for his honesty, but Taylor Wimpey's chief executive, Pete Redfern, hit the nail on the head yesterday in admitting there is little the Government can do to fix the housing market. While several of Taylor Wimpey's rivals have called for a government bail-out of their beleaguered industry, Mr Redfern concedes that a suspension of stamp duty or even a cut in interest rates would not restore the market to health.
Thu, 28 Aug 2008 00:00:01 +0100 Write-offs push Taylor Wimpey to a massive £1.5bn lossThe collapse in the housing market has left Taylor Wimpey, the country's largest builder, £1.5bn in the red.
Thu, 28 Aug 2008 00:00:01 +0100 INM reports healthy growth on India and South Africa gainsIndependent News and Media (INM), the publishing group which owns The Independent, reported healthy growth in the first half of the year, buoyed by positive trading in its operations in India and South Africa.
Thu, 28 Aug 2008 00:00:01 +0100 Johnston Press profits fall 16% after sharp drop in ad revenuesThe woes of Johnston Press, the regional newspaper group, continued yesterday as it posted a 15.6 per cent fall in operating profits following a substantial fall in ad sales.
Thu, 28 Aug 2008 00:00:01 +0100 News groups' prognosis may not look good, but it's a boon for investors Ever the bellwether of economic health, newspaper publishers across the globe are facing a grim combination of internal and external pressures as the squeeze on advertising spending exacerbates the upheavals caused by the internet.
Thu, 28 Aug 2008 00:00:01 +0100 Paddy Power gives odds on Obama's first clichιThe irreverent Irish bookie Paddy Power is offering odds on which clichι Barack Obama will use first when he makes his Democratic nomination speech in Denver tonight.
Thu, 28 Aug 2008 00:00:01 +0100 German firm GfK pulls out of TNS takeover GfK, the German market information group, has pulled out of the running to take over Taylor Nelson Sofres (TNS), its UK counterpart, leaving Sir Martin Sorrell's WPP Group as the only (hostile) bid in town.
Thu, 28 Aug 2008 00:00:01 +0100 US executives buck gloomy trend and confound experts with bullish outlookWhile all eyes have been on the debt-burdened US consumer and the moribund domestic housing market, many American businesses are continuing to operate in a bullish fashion.
Thu, 28 Aug 2008 00:00:01 +0100 Market update - 27 August
The FTSE 100 was down 15 points at 5455.7 and the FTSE 250 was down 96.1
points at 9037.5 at 12.02pm today. Taylor Wimpey was down 5.29 per cent or
2.75p at 49.25p after the house builder revealed a slump in pre-tax profits
and said that, contrary to trade press reports alluding to a deal on its
debt, it was still in discussions with lenders.
Wed, 27 Aug 2008 12:17:03 +0100 Taylor Wimpey profits plummet
Housebuilder Taylor Wimpey said today that first-half underlying profits dived
96 per cent to £4.3m as it wrestled with the housing market downturn.
Wed, 27 Aug 2008 08:13:09 +0100 Barbie doll maker wins Bratz damages
A US federal jury awarded Mattel $100m in damages in a copyright lawsuit that
pitted the house of Barbie against MGA Entertainment, the maker of the saucy
Bratz dolls.
Wed, 27 Aug 2008 07:16:43 +0100 Ministers to tell energy firms: 'Use your profits to help poor'Energy companies could escape a windfall tax on their huge profits if they do more to help people struggling to pay their fuel bills.
Wed, 27 Aug 2008 00:00:01 +0100 
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