The Icelandic investment group cited 'unacceptable' execution risk, sending shares in the UK suit retailer and formal wear hire company tumbling.

Added: 2008-05-27

Baugur walks away from Moss Bros

Category: varial news

Silverjet flying on empty as finances hit red

Silverjet, the troubled business class-only airline, was continuing to take bookings this morning even though it has yet to receive critical new financing.

Obama wins Mississippi

Barack Obama rolled out a commanding victory over Hillary Clinton in the Mississippi primary on Tuesday night, reclaiming his status as the frontrunner ahead of the final 10 contests for the Democratic nomination

Inbev brews disposals ahead of bid for Budweiser's Anheuser-Busch

InBev, the brewer of Becks and Stella Artois, will undertake a wide-ranging review which could lead to disposals of its international brands to fund a planned $46bn (£23bn) bid for US rival Anheuser-Busch, the brewer of Budweiser.