News

Online fashion retailer Asos has turned to Marks & Spencer for again by hiring former finance director Ian Dyson.

Pizza Express founder makes bid for Lloyds bank branches

Hugh Osmond, the insurance sector investor and founder of Pizza Express, has emerged as the third bidder for 632 branches that Lloyds Banking Group is being forced to sell to comply with EU regulations on state aid.

Market Report: Legal & General benefits from regulatory changes

The insurer Legal & General surged up the blue-chip index last night on claims that it will be the "clearest winner" from regulatory changes to the insurance industry, as vague bid mutterings around the company also made a return.

The Business On: Stephen Billingham, chairman-elect, Punch Taverns

Can he pull a decent pint?

The Week Ahead: Home Retail looks to DIY to offset woes at Argos

In a quiet week for results, the retail sector will once again be in focus with Home Retail Group announcing its interim management statement on Thursday. After a warning last week from its blue-chip peer Kingfisher that the rest of the year looks likely to be tough for the UK retailers, there is plenty of caution ahead of its first-quarter figures, although its Homebase subsidiary is expected to follow B&Q and reveal that it has enjoyed a positive start to 2011 thanks to thesunny weather and numerous bank holidays.

Punch sinks to £350m loss after writedowns

The debt-laden pubs operator Punch Taverns made a half-year pre-tax loss of more than £350m after it was forced to write down the value of its tenanted estate.

The Week Ahead: GKN set for update on Japanese earthquake

The UK markets may have bounced back from the falls prompted by last month's earthquake and tsunami in Japan, but the tragedy is still likely to be a major focus for GKN's interim management statement, which is released today.

Punch to sell thousands of pubs after debts soar

Punch Taverns has unveiled a radical plan to sell off up to 2,650 pubs over the next five years and split the debt-laden group into two listed companies, one for managed and one for leased pubs.

Market awaits indebted Punch's strategic review

Punch Taverns' chief executive, Ian Dyson, unveils his long-awaited strategy review on Tuesday.

Powerleague set to expand into Ireland

Powerleague, the UK mainland five-a-side football operator, is set to expand into Ireland by the end of the year.

Future of Punch pubs in balance

The UK arm of Ambac, a bond insurer, has hired debt restructuring experts ahead of a battle over the future of the indebted pubs group Punch Taverns.

Former analyst fined over instant message

A former City analyst was yesterday hit with a £50,000 fine for passing misleading information about Enterprise Inns to clients via Bloomberg's "Instant Messenger" system.

Market Report: Snow worries fail to push pub groups out in the cold

The pub groups made merry yesterday, shrugging off worries about the effects of further bad weather on the key Christmas trading period.

The business on...Ian Dyson, Chief executive, Punch Taverns

The new head barman?

Mr Dyson is indeed new to the post, having replaced Giles Thorley, the pubs group's colourful ex-boss, only three months ago.

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Independent Travel
Burgundy, the River Rhone & Provence – MS Swiss Corona from £949pp
Dubrovnik, the Dalmatian Coast & Montenegro from £799pp
Provence from £599pp
Apulia, Lecce and Vieste – Undiscovered Italy from £899pp
Pompeii, Capri and the Bay of Naples from £759
Classical Spain from £539pp
Prices correct as of 12 September 2014
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