M&S’s Sir Stuart Rose moves to end karaoke stake row 2008-05-04 06:01 - Sir Stuart Rose, chief executive of Marks and Spencer, is to sell his £100,000
stake in Martha Lane Fox’s karaoke business in a bid to defuse the row over
boardroom standards at Britain’s largest clothing retailer.
US intervenes to flood Europe with dollars 2008-05-04 06:01 - The US Federal Reserve today led another intervention to ease global liquidity
by joining the European Central Bank (ECB) and the Swiss National Bank (SNB)
in efforts to flood the Continent with dollars while pumping a further $50
billion ($£25.3 billion) into the American financial system.
US jobless figures offer no long-term cheer 2008-05-04 06:01 - Wall Street today interpreted better than expected jobs data as a short term
blip and warned that unemployment numbers for this month will be far weaker
as a result.
Halifax signals start of two-year house price fall 2008-05-04 06:01 - Home-owners were dealt a fresh blow today as Halifax, Britain’s largest
mortgage provider, said today its measure of house prices had suffered its
first annual fall in 12 years.
Credit squeeze pushes more firms into bankruptcy 2008-05-04 06:01 - The number of large companies going into administration in the first three
months of this year rose by more than a fifth and the total number seeking
bankruptcy jumped 25%, official figures revealed today.
Government calls house on bingo VAT 2008-05-04 06:01 - The Government today rejected calls by the beleaguered bingo industry to scrap
double taxation, claming that tax was "not at the root of the bingo
industry’s problems".
Rentokil to cut dividend this year 2008-05-04 06:01 - Rentokil Initial, the parcels to pest control group, has given warning that it
will cut its dividend this year following large first-quarter losses.
Baugur set to end Moss Bros speculation 2008-05-04 06:01 - The immediate future of the Moss Bros menswear chain is expected to be
resolved this weekend after growing speculation that Baugur, the Icelandic
investor, is close to deciding whether to make a formal £40 million offer.
ExxonMobil disappoints with $11.7bn profit$ 2008-05-04 06:01 - ExxonMobil disappointed its investors and failed to rewrite the history books
yesterday when it reported profits that fell short of expectations it would
set a new US quarterly record.
Reliance Globalcom targets £6bn IPO listing 2008-05-04 06:01 - Reliance Globalcom, the Indian telecoms group, is preparing to break London’s
IPO drought with a listing that will target a market valuation of as much as
£6 billion.
