Glasgow’s amphibious bus breaks down on first voyage
An amphibious bus that can travel on water and roads was grounded yesterday, less than an hour after it took to the water.
St Modwen stranded in land of the lost
St Modwen, the mid-cap property developer, makes much of its long-term returns — whether profits, dividends, or capital growth.
Greek bailout is looking increasingly likely
You know a country is in real financial trouble when its leaders start muttering about conspiracies by foreign speculators. The Greeks have already done it and yesterday the Spanish joined in.
Xstrata chief Mick Davis calls halt to growth through takeovers
Mick Davis, chief executive of Xstrata, broke the hearts of investment bankers and lawyers across the City yesterday when he put the brakes on the mining company’s aggressive deal-making.
Snowfall leaves Focus stranded without enough customers to help pay the rent
Last month’s snow could not have come at a worse time for Focus DIY, the home improvement chain that shed dozens of stores last year in a rescue deal with landlords.
Ethel Austin joins the list of clothing store casualties as shoppers stay home
Britain may have emerged officially from recession, but it did not feel that way on the high street yesterday. With Christmas long past and after a chilly, snowy January, the spectre of retail failure was looming large again with the news that Ethel Austin, the Merseyside-based clothing chain, had fallen into administration.
MPs say Treasury overpaid City bankers for advice
MPs have criticised the Treasury for overpaying City bankers for advice that it had sought because it lacked the necessary expertise in-house.
Dannii joins Twiggy in new M&S fashion team
The team of glamour girls famously recruited by Marks & Spencer to bring star appeal to its flagging women’s wear was summarily disbanded yesterday — with only Twiggy surviving the cull.
Allen & Overy brings ‘magic circle’ touch to Australia
Allen & Overy, Britain’s fifth-biggest law firm, is expanding into Australia after hiring 17 partners from leading local firms.
Myners argues bonuses are bleeding pension funds
Lord Myners will renew his attack on institutional investors this morning, telling them that an excessive bonus culture in the financial services industry is hitting British pensions.