Telegraph BusinessBusiness news from telegraph.co.ukLookers dented by car market slump- July 2, 2008 Lookers has become the latest car dealership to warn it is suffering from a slump in the motor retail market.http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/07/02/cnlook102.xml FTSE 100 tumbles as bearish outlook grows- July 1, 2008 The FTSE 100 had tumbled by 2.5pc by early afternoon today as the market was shaken by a further wave of bearish rumours in the banking sector.http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/07/01/bcnmarket101.xml Carpetright's Lord Harris warns of toughest year of 50-year career- July 1, 2008 Carpetright's chairman has warned that next year could be one of the most difficult he has faced in his 50-year career, as the ailing property market and slowing economy takes its toll.http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/07/01/bcncarpet101.xml Tesco to quit buying products from Zimbabwe- July 1, 2008 Tesco has announced that it will stop sourcing products from Zimbabwe "as long as the political crisis persists" in the country.http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/07/01/bcntesco101.xml Former Rank chief takes Tote reins- July 1, 2008 Mike Smith, the former chief executive of gambling group Rank, has been appointed chairman of the Tote, the state-owned bookmaker the Government has been trying to sell for the past seven years.http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/07/01/cntote101.xml Tesco launches appeal over competition test- July 1, 2008 Tesco has launched an unprecedented appeal following the Competition Commission's two-year investigation into the UK grocery sector.http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/07/01/cntesco101.xml Cable & Wireless stalks Thus in share buy- July 1, 2008 Cable & Wireless looks set to take control of smaller telecoms rival Thus for 329m after it bought 29.9pc of the company's shares at 180p and offered to buy out remaining shareholders at the same price.http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/07/01/cnthus101.xml Southern Cross plummets after profits warning- July 1, 2008 Shares in Southern Cross Healthcare, the UK's largest private care home provider, plummeted nearly 60pc yesterday after the company issued a profits warning and admitted it could not pay back a 46m loan on time because of credit crisis-related problems.http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/07/01/cnsouth101.xml Pendragon foresees bumpy road ahead for car sales- July 1, 2008 Britain's biggest car dealership, Pendragon, has axed 500 staff and warned that a slump in car sales made it too difficult to forecast profits for the yearhttp://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/07/01/cnpen101.xml Forth Ports in renewable power projects joint venture- July 1, 2008 Forth Ports unveiled a renewable power joint venture with Scottish and Southern Energy and said it was seeing no impact on volumes from slowing economic growth.http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/07/01/cnforth101.xml |