Boost for Frasers as losses fall to Â£2.5m
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HOUSE of Fraser, the department store chain, today went some way to convincing investors that the company can continue to make progress as an independent group with the announcement of narrowing losses.
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The golf apparel maker reports deepening losses and plunging sales.
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The FTSE rallied on Friday as buyers returned to the market seeking bargains after Thursday's 150-point fall.
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British billionaire adds to stake even after a big-fourth-quarter loss.
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Business & money: Defeat for banks could wipe out Â£3.5bn of income as RBS blames OFT for customers' complaints
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London shares made a good recovery on Thursday following a two-day losing streak, mirroring gains in both the US and Asia.
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Business & money: Â· Credit crunch creates Â£210bn backlog of buyouts Â· US sub-prime crisis claims more jobs and firms
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The pound was slightly stronger after falling this morning on softer-than expected earnings figures.
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Leading shares staged a late rally to help the FTSE 100 post modest gains, with Corus' share price soaring by more than five percent amid hopes of a bidding war for the Anglo-Dutch steel group.
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Business & money: Swiss bank suffers a further Â£2bn writedown, pushing it into the first annual loss in its history
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Vodafone made good on its promise to return more cash to shareholders yesterday with a doubling of its half-year dividend and plans to buy back a further Â£2.2bn of shares over the next four months.
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London equities fell on Tuesday after news of increased full-year writedowns at Barclays (NYSE:BCS) took the shine off banking stocks. There was further pressure in the sector after surprise news of fresh $2.85bn losses at Credit Suisse (NYSE:CS).
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Retail entrepreneur Tom Hunter and Icelandic retail group Baugur sell their 21% stake in UK department store group House of Fraser.
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Delta Two, a Qatar-backed investment fund, said it submitted an offer to the board of J Sainsbury that valued the company, one of Britainâs largest retailers, at about Â£10.6 billion ($21.7 billion), or 600 pence a share. It was the second cash offer this year for Sainsbury; Delta owns 25 percent of the company. The fund proposed spending Â£3.5 billion to build and renovate Sainsbury stores and expand its range of nonfood goods.
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Business & money: Â· Data shows Britain in line for prolonged slowdownÂ· Balance of payments runs to shortfall of Â£20bn
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The struggling supermarket giant today revealed a Â£39 million pre-tax loss in the first half of its financial year. The slump into losses marks
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Homeowners are given a boost after policymakers at the Bank of England vote to keep interest rates at 5.25%.