Comment: Ted Tuppen is “evil”. Apparently he is also a destroyer of dreams and sometimes families, a wrecker of entrepreneurial endeavour, a man not to be trusted... more
The value of pub properties has slumped by a third in two years, placing further pressure on the balance sheets of big pub groups Punch Taverns and Enterprise Inns... more
Shares in Britain’s sprawling pub giants surged today after the Office of Fair Trading refused to launch a new investigation into the so-called beer tie ... more
Forget the pinstripes, checks are all the rage in the City. Burberry shares shot up more than 7%, taking the fashion group to the top of the leaderboard at its new home in the FTSE 100 Index... more
Goldman Sachs employees may celebrate their bonus achievements in champagne these days, but they still remember when it was down to the local for a good, old-fashioned pint. Not anymore, it seems ... more
Banks will be back in the spotlight next week when they report second-quarter profits. But if the pin-stripes in the boardroom were expected to suffer from a touch of nerves, they were not showing it ... more
Shares of Heritage Oil hit a low for the day of 510p before rebounding with a rise of 26½p to 532p after announcing plans to raise up to £137 million to help finance the proposed acquisition of Genel Energy International... more
Last time we were in recession in the Nineties, boards were so scared of the likely reaction of institutional investors if they suggested a dividend cut that they continued paying, even when the profits were not there, by dipping into reserves accumulated in the earlier good times ... more
Who said money was cheap? Shares in Rio Tinto tumbled 114p to 2386p — making it one of the biggest blue-chip fallers — after it discovered the real cost to its coffers of raising extra funds... more
Analysis: The pubs that remain central to the nation's cultural identity are closing at a rate of five a day, and landlords think they know who is to blame... more
It's not just the penniless that are getting clobbered by the growing global financial crisis. Ukrainian billionaires are also feeling the heat... more
The dramatic drop-off in consumer spending, brought about by soaring inflation and economic slowdown, is clearly apparent in the latest Footsie 100 index quarterly review, which will be finalised at the close of business tonight... more
It was inevitable the financial sector would lead the charge on the stock market today, in response to the US Government’s decision to rescue mortgage lenders Fannie Mae and Freddie Mac with a cash injection in excess of £100 million... more
It's not just the pound that is feeling the heat from the credit crunch and looming recession, the stock market, in case you hadn’t already noticed, is also suffering... more
Ill-effects of the credit squeeze are starting be felt by consumer-related companies as investors fret about the shrinking amounts of cash in our pockets and purses.... more
Britain's biggest pub landlord today launched a scathing attack on irresponsible supermarkets for selling cut-price alcohol, and called on the Government to intervene... more
Vince Power used to be called The Godfather of Gigs, and his enemy was boring music. As founder of Mean Fiddler, he promoted The Pogues and Billy Bragg back when no one else would, going on to build a £60 million empire that he has since sold.... more
Sofia Coppola's boyfriend is lead singer and they won the Grammy for Best Alternative Music Album this year. Now, Phoenix tell Nosheen Iqbal, they are set to conquer London
Move over, Mahiki. Nightclub entrepreneurs Charlie Gilkes and Duncan Stirling are soon to launch a new Eighties-inspired club in Chelsea, in honour of Lady Thatcher
Morning:
12°c
