News

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

Punch Taverns' profits fall 20 per cent

Punch Taverns, the debt laden pubs chain, saw profits sink 20 per cent as the group continued to struggle in the "challenging conditions" for the industry.

Chief executive at Punch Taverns quits after nine years

The chief executive of Punch Taverns Giles Thorley surprised the market today by stepping down after nine years at the debt-laden pub group.

Fat cats face new curbs as shareholders revolt

Bosses are facing growing pressure to show restraint over pay as the debate over bonuses moves beyond banking to impact the rest of corporate Britain.

The Week Ahead: Cadbury's results boost defence against bid

Cadbury will today post its formal response to the £10.1bn takeover bid by Kraft Foods, alongside its pre-close trading update. The Dairy Milk maker will make a robust case for its strategy as a standalone confectionery specialist. Cadbury's management will cite improved savings from its Vision into Action programme, continued growth in volumes and margins, and why its brands, particularly in emerging markets, are a better place for investors to keep their shares rather than being absorbed into what the company calls the "low growth conglomerate" of Kraft. The confectioner lambasted Kraft's offer of 0.2589 of its shares and 300p in cash for each Cadbury share as "derisory" and "unattractive" when it was made on 9 November.

Opening time for Wetherspoon

Pubs across Britain are closing at a record rate. So how does JD Wetherspoon feel confident enough to promise to open 250 new outlets in the next five years?

Derek Pain: There's little to lift the spirits at Pubs'n'Bars

No Pain, No Gain

Fuller, Smith & Turner buoyant amid downturn

The pubs and brewing group Fuller, Smith & Turner cheered an 18 per cent rise in first-half profits but warned that the rest of its financial year would be "significantly tougher".

Market Report: Relief rally drives Enterprise higher

The pub groups Enterprise Inns and Punch Taverns bucked a weak market trend last night, rallying as investors bought in on news that regulators had decided against pursuing an investigation into "beer tie" arrangements, which force pub tenants to buy beer from landlords.

Investment Column: This company looks Punch drunk, so sell

N Brown; Air Partner

The Week Ahead: Whitbread is ready to show its resilience

The hospitality group Whitbread, the company behind the Premier Inn budget hotel chain, should confirm its resilient performance through the downturn when it issues results for the 26 weeks to 27 August tomorrow.

Punch Taverns puts 300 more pubs on market

Embattled pub chain Punch Taverns today put another 300 of its underperforming premises up for sale.

British summer rains on pub profits, says Punch

Another feeble British summer has taken its toll on beer sales, adding to recessionary gloom in the pubs industry, the market leader Punch Taverns said yesterday.

Derek Pain: Problems pile up for shell-shocked pubs

No Pain, No Gain

Punch Taverns cash call just scrapes through

Embattled pub group Punch Taverns saw its £375m investor cash call scrape through today after nearly 40 million votes were lodged against the move.

Rebel investors line up against Marstons' cash call

Marstons, the listed pubs group that is looking to tap investors for £176m, is facing a rebellion from leading shareholders over a rights issue some have dubbed "totally ridiculous".

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