With £1bn debts, retail empire Baugur is set to be broken up and, says its founder, end up in the ‘hands of British vultures’. It seems he couldn’t be more wrong...... more
Scratching around to find something cheerful to say to match the festive season has been harder this year than most, but it came through last night with confirmation that administrators had been appointed at Whittard of Chelsea and at an associated business that deals in flavoured coffees... more
With holdings in companies from Iceland to Hamleys, Jon Asgeir Johannesson has forged an empire here. But the Reykjavik entrepreneur could fall victim to the credit crunch... more
The Mayor of Tower Hamlets defeated Labour to be elected. Livingstone not only backed him but some of Ken's key players are now at the heart of running the council. Stephen Robinson reports
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