News

Flybe boss Jim French, credited with turning the regional carrier into a major player in the European aviation market, is stepping down as chairman after more than 20 years with the company.

Miles from the truth

Is getting more Air Miles for your money just a flight of fancy?

Market Report; Safeway and GUS give dealers bull and bear stories of the day

RETAILERS featured prominently in the stock market's shop window as GUS and Safeway provided dealers with the bear and the bull story of the day.

Safeway to unveil further cutbacks

SAFEWAY, the troubled food retailer, is to reveal it is making further job cuts at its annual general meeting on Tuesday.

Summer chills

IT WASN'T warm enough for serious summer drinking when I last ate lunch at the Nantyffin Cider Mill Inn, Crickhowell, Powys. This was late May, which in Wales barely qualifies for inclusion in springtime, let alone summer. But rain and chill didn't keep me and my fellow shiverers from downing numerous glasses of their homemade lemonade (pounds 1), one of the most addictively delicious beverages on earth. Now that the weather shows signs of truly warming up, I wish I were back there.

Football: Aberystwyth settle for parity

Welsh battlers launch new football season with dogged Intertoto draw.

Drink: Case studies

Is red wine really good for your heart - if so, are some varieties better than others? Scientists and wine-makers are still arguing. Illustration by Rose Epple

Outlook: Safeway blues

IT IS HARD, sometimes, not to feel just a little bit sorry for Colin Smith, Safeway's chief executive. Every six months he lumbers up to present a not very impressive set of results. And every six months he unveils a number of initiatives to address the problem, only to find that his rivals have come up with something even better.

Safeway unveils pounds 280m share buyback plans as profits fall

SAFEWAY, BRITAIN'S fourth-largest supermarket group, yesterday unveiled plans for a pounds 280m share buyback as it reported a fall in profits and warned that it would miss its self-imposed three-year sales targets.

Market Report: Safeway ahead on talk of bid by Dutch giant

SAFEWAY was back under the bid spotlight yesterday as whispers of a strike from a European predator or a domestic merger did the rounds.

Investment: No Pain, No Gain: Our Man's Portfolio - Four go up and only one down

FOUR OF the six shares tipped since this column was launched two months ago are recording gains. One is unchanged and the other is, sadly, showing a loss. Although the Pain portfolio is intended to offer a long- term investment strategy it is still satisfying to achieve more short- term hits than misses.

ISAS: Protected from the unkind cuts

With rates so low, ISAs give you more for your cash, says Kathleen Hennessy

Investment: Should you invest in... food retailers?

KINGFISHER'S surprise pounds 6bn swoop on the food retailer Asda last week cast a light on the food retailing sector, which has been largely ignored by investors over the past couple of years.

Investment: No Pain, No Gain: Our Man's Portfolio; Safeway may be one way to shop for that blue chip bargain

BLUE CHIPS cannot be expected to make relentless headway. They are, of course, mauled during a bear market. And even the best may occasionally fall on hard times, sending their shares skidding into a seemingly bottomless pit, while the rest of the market is heading north.

eating & drinking: The egg and bottle race

IT'S EASTER Sunday, and I assume you're contemplating the prospect of some serious relaxing with family and/or friends. But is there enough to drink, or will you have to rush out and replenish supplies while the lamb is cooking and the Easter eggs are being secreted in the garden?

Market Report: Investors pile on to merger bandwagon

TAKEOVER MANIA returned to boost Footsie. The blue-chip index jumped 113.7 points to 6,252.9 as investors piled on to the speculative bandwagon.
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