News

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

Punch tackles debt with £375m fundraising

Punch Taverns, the debt-laden pub operator, has ended months of speculation by unveiling a £375m fundraising to reduce its debt mountain and meet a critical bond repayment next year, but it warned of continuing tough trading in the sector.

Call for pub industry competition inquiry

MPs called today for an urgent competition investigation into the pub industry amid fears that ties between pub firms and licensees were forcing up prices for drinkers.

Tie between pub companies and landlords should be loosened, says committee

MPs are expected to start a shake-up of the UK's struggling pub sector when the influential Business and Enterprise Committee publishes its report Pub Company Power on Wednesday.

Your big day doesn't have to mean a big bill

Weddings are pricier than ever, but Chiara Cavaglieri shows how to save money without sacrificing on style

The Week Ahead: Competition for Whitbread's budget hotels

Performance at the Premier Inn budget hotel chain is likely to be in focus when Whitbread, the FTSE 100- listed hospitality group, posts its preliminary results tomorrow. Until recently, demand for cheaper hotel rooms has kept Premier safe from the sharp economic headwinds that are blowing across these isles. But the picture showed signs of unravelling in March, when a trading statement revealed that lower occupancy rates at the budget business had begun to drag on group like-for-like sales.

Geronimo expands its pub chain with Punch purchases

Pubs chain Geronimo Inns has secured £10m in funding from its private equity and banking backers to buy six London pubs from Punch Taverns.

Derek Pain: Hargreaves continues to fire on all fronts

No Pain, No Gain

Investment Column: Punters need more faith in public transport

Punch Taverns; Interserve

Yule Catto latest to scrap its dividend to save cash

Yule Catto, the chemical group, is the latest UK company to scrap its dividend in the face of economic uncertainty and the need to conserve cash.

Market Report: Retail sector hit by pre-Christmas discounts

Home Retail Group, the owner of the Homebase home improvement chain, slumped to the bottom of the Footsie last night as the retail sector turned lower amid growing concern about the impact of the flood of discounts on the high street.

Market Report: Morgan Stanley calls time on Punch Taverns

Punch Taverns closed down more than 15 per cent after it was suggested that a sharp fall in profits and the resulting covenant breaches might trigger a major restructuring that could leave the stock, worth 106.25p last night, trading at 10p.

No Pain, No Gain: Don't be fooled - dividends are risky business

In these bleak, uncertain times, some of the traditional rules that govern investment decisions should be unceremoniously tossed out of the window. What were once regarded as invaluable guidelines, such as dividend yields and price earnings ratios, are now often completely useless.

Woolworths shakes up its management

The pick 'n' mix retailer Woolworths has shaken up its management structure with a string of senior departures and new hiring, in an attempt to turn around its ailing retail operation under its newly appointed chief executive.

Short-sellers turn on pubs and retailers

Short-sellers barred from betting against financial services companies have instead stepped up their targeting of the UK's biggest pub companies and retailers as they try to cash in on the deteriorating consumer outlook.

Punch scraps its dividend but claims fall in sales is slowing

Punch Taverns scrapped its final dividend yesterday "to conserve cash" in the face of ongoing economic uncertainty, putting stocks across the sector on the skids.

News
scienceExcitement from alien hunters at 'evidence' of extraterrestrial life
Life and Style
Customers can get their caffeine fix on the move
food + drink
News
newsRyan Crighton goes in search of the capo dei capi
Extras
indybest

Arts and Entertainment
Actors front row from left, Jared Leto, Jennifer Lawrence, Meryl Streep, Ellen DeGeneres, Bradley Cooper, Peter Nyongío Jr., and, second row, from left, Channing Tatum, Julia Roberts, Kevin Spacey, Brad Pitt, Lupita Nyongío and Angelina Jolie as they pose for a
film
Sport
sport
Life and Style
techCould new invention save millions in healthcare bills?
Sport
David Moyes gets soaked
sport Moyes becomes latest manager to take part in the ALS challenge
Voices
A meteor streaks across the sky during the Perseid Meteor Shower at a wind farm near Bogdanci, south of Skopje, Macedonia, in the early hours of 13 August
voicesHagel and Dempsey were pure Hollywood. They only needed Tom Cruise, says Robert Fisk
News
peopleEnglishman managed quintessential Hollywood restaurant Chasen's
Career Services

Day In a Page

Burgundy, the River Rhone & Provence – MS Swiss Corona - seven nights from £999pp
Lake Maggiore, Orta and the Matterhorn – seven nights from £899pp
Sicily – seven nights from £939pp
Pompeii, Capri and the Bay of Naples - seven nights from £799pp
Istanbul Ephesus & Troy – six nights from £859pp
Mary Rose – two nights from £319pp
All this talk of an ‘apocalyptic’ threat is simply childish

Robert Fisk: All this talk of an ‘apocalyptic’ threat is simply childish

Chuck Hagel and Martin Dempsey were pure Hollywood. They only needed Tom Cruise
Mafia Dons: is the Camorra in control of the Granite City?

Mafia Dons: is the Camorra in control of the Granite City?

So claims an EU report which points to the Italian Mob’s alleged grip on everything from public works to property
Emmys look set to overhaul the Oscars as Hollywood’s prize draw

Emmys look set to overhaul the Oscars as Hollywood’s prize draw

Once the poor relation, the awards show now has the top stars and boasts the best drama
What happens to African migrants once they land in Italy during the summer?

What happens to migrants once they land in Italy?

Memphis Barker follows their trail through southern Europe
French connection: After 1,300 years, there’s a bridge to Mont Saint-Michel

French connection: After 1,300 years, there’s a bridge to Mont Saint-Michel

The ugly causeway is being dismantled, an elegant connection erected in its place. So everyone’s happy, right?
Frank Mugisha: Uganda's most outspoken gay rights activist on changing people's attitudes, coming out, and the threat of being attacked

Frank Mugisha: 'Coming out was a gradual process '

Uganda's most outspoken gay rights activist on changing people's attitudes, coming out, and the threat of being attacked
Radio 1 to hire 'YouTube-famous' vloggers to broadcast online

Radio 1’s new top ten

The ‘vloggers’ signed up to find twentysomething audience
David Abraham: Big ideas for the small screen

David Abraham: Big ideas for the small screen

A blistering attack on US influence on British television has lifted the savvy head of Channel 4 out of the shadows
Florence Knight's perfect picnic: Make the most of summer's last Bank Holiday weekend

Florence Knight's perfect picnic

Polpetto's head chef shares her favourite recipes from Iced Earl Grey tea to baked peaches, mascarpone & brown sugar meringues...
Horst P Horst: The fashion photography genius who inspired Madonna comes to the V&A

Horst P Horst comes to the V&A

The London's museum has delved into its archives to stage a far-reaching retrospective celebrating the photographer's six decades of creativity
Mark Hix recipes: Try our chef's summery soups for a real seasonal refresher

Mark Hix's summery soups

Soup isn’t just about comforting broths and steaming hot bowls...
Tim Sherwood column: 'It started as a three-horse race but turned into the Grand National'

Tim Sherwood column

I would have taken the Crystal Palace job if I’d been offered it soon after my interview... but the whole process dragged on so I had to pull out
Eden Hazard: Young, gifted... not yet perfect

Eden Hazard: Young, gifted... not yet perfect

Eden Hazard admits he is still below the level of Ronaldo and Messi but, after a breakthrough season, is ready to thrill Chelsea’s fans
Tim Howard: I’m an old dog. I don’t get too excited

Tim Howard: I’m an old dog. I don’t get too excited

The Everton and US goalkeeper was such a star at the World Cup that the President phoned to congratulate him... not that he knows what the fuss is all about
Match of the Day at 50: Show reminds us that even the most revered BBC institution may have a finite lifespan – thanks to the opposition

Tom Peck on Match of the Day at 50

The show reminds us that even the most revered BBC institution may have a finite lifespan – thanks to the opposition