Debenhams to calm investors

DEBENHAMS sought to reassure investors over its finances after its shares hit a record low on fears of a restructuring which could lead to more store closures. The department store group, which has issued three profit warnings this year, put out a stock market announcement confirming it expects to make annual pre-tax profit of £33million, within the current market range. ...

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Pound euro exchange rate: GBP buoyed by upbeat UK GDP reading

THE pound euro exchange rate is currently trading at €1.118, with the pairing trading close to a three-week high following the latest UK growth figures. The pound is firming against the euro and the majority of its other peers this morning as markets welcome the release of the UK’s latest GDP figures. Daily Express :: City and Business Feed Please ...

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Barclays to meet SME lobby group

BARCLAYS has opened its doors to a small business lobby group that hopes regular meetings with some of the UK’s largest banks will help avoid another major scandal like the HBOS Reading case. Daily Express :: City and Business Feed Please follow and like us:

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Lehman collapse a thing of the past

BRITAIN is better prepared for a future financial crisis than it was when Lehman Brothers collapsed 10 years ago according to PwC, administrator of the failed investment bank’s European operations. Speaking ahead of the 10th anniversary of the bank’s failure on Saturday, an event that pushed the global economy into recession, PwC partner and joint Lehman administrator Russell Downs said ...

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