Paddy Power cuts forecasts August 28, 2008 Bookmaker Paddy Power yesterday slashed its annual earnings forecasts, prompting a slump in its stock market value as investors dumped shares in the Dublin-based company. Winnings in favour of customers backing Irish golfer Padraig Hamilton at both the British Open and the US PGA championship as well as in almost two thirds of matches played [...]
Woolworth still cool on Walker plan August 26, 2008 Troubled retailer Woolworths yesterday played down reports that its chief executive Robert North was due to meet with Iceland entrepreneur Malcolm Walker. Reports had suggested the two sides were certain to get together for crucial takeover talks later this week. It emerged last week that Woolworths had rejected a £50m takeover approach from a consortium, [...]
Waving goodbye to another British summer – among the wettest ever August 1, 2008 As this weekend marked the last few official days of summer, Sunday’s storms sealed one of the “wettest summers in 52 years”. Despite highs of 27 degrees celsius in the south and east, there was little sign of sunshine and the forecast remained dull and thundery. Sun lovers had a little more luck on Saturday, [...]
