WEW expansion

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WEW Group, formerly Amber Day, plans to expand its What Everyone Wants discount chain into the Midlands and South, more than doubling the number of stores from 58 to 125 over four years. Last week, it completed a pounds 15.5m placing. It also has loan facilities of pounds 20m. Warburg Pincus, the US venture capital bank, lifted its stake from 12 per cent to 25 per cent.

JP Morgan We have been asked to point out that Denis Weatherstone, the chief executive of JP Morgan, has not made any statement claiming that his staff had failed to keep him informed about his bank's involvement in Banco Espanol de Credito (Banesto), as we reported last week in an article headlined 'JP Morgan caught up in a Spanish inquisition'.

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