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Mitchells & Butler boss quits after £69m interest rate hit

THE boss of pubs group Mitchells & Butlers has quit the business after it lost £69m in a disastrous bet on interest rates. Read

Cable & Wireless shares slump despite profits hike

TELECOMS group Cable & Wireless posted a 36% hike in annual earnings following a shake-up of the business and recent takeovers. Read

Huddersfield card shop staff face bleak future after firm goes into administration

SHOP staff in Huddersfield are among 2,100 employees whose jobs are at risk after a greeting cards chain went into administration. Read

Bradley man helps online firm The Digital Consortium land regional award

A BRIGHOUSE man is part of an award-winning marketing team. Read

Revenues slump by 11% for directories firm Yell

YELLOW Pages firm Yell said annual revenues from its UK printed directories slumped by nearly 11% in the wake of the recession. Read

Britvic refreshed by rise in half-year profits

SOFT drinks firm Britvic has reported a sparkling 16.3% rise in half-year profits. Read

JD Sports acquires French sports footwear chain Chausport

RETAILER JD Sports Fashion stepped up its expansion with the acquisition of its first stores outside the UK and Ireland. Read

Mothercare hails ELC contribution as profits soar by 12.4%

NURSERY goods retailer Mothercare said its takeover of Early Learning Centre had delivered benefits "beyond expectation" as it posted a 12.4% hike in annual profits. Read

Glimmer of hope for CBI

UK manufacturers expect the pace of decline in output to slow markedly in the next quarter, a survey has revealed. Read

Lloyds Banking Group plan to raise £4bn

LLOYDS Banking Group has launched plans to raise £4bn from investors. Read

PC World parent in cash call

Shareholders voted in favour of the fundraising move, which will help fund DSG’s store refit programme and bolster its balance sheet at a time of retail turbulence. Read

Businesses go to school

AN award-winning branding and design agency is going back to school – to help firms understand how branding can boost their business. Read

New partners at expanding firm

LAW firm Chadwick Lawrence has announced a 12% increase in turnover during the past six months – despite the region’s legal industry feeling the effects of the economic downturn. Read

Partners in Management think-tank delivers gloomy economic forecast

BUSINESS leaders in Huddersfield who accurately predicted the onset of the UK recession have delivered a gloomy verdict on hopes for an early recovery. Read

ConstructionSkills launches drive to support Yorkshire’s ‘at risk’ apprentices

BUILDING industry chiefs in Yorkshire are bidding to help almost 200 apprentices billed as ‘at risk’ of losing their training places due to the recession. Read

Yorkshire Forward invest £2.2m to boost science-based business start-ups

YORKSHIRE universities are receiving extra help to fund research work leading to new business start-ups. Read

Barclays confirms takeover interest in asset management arm

BARCLAYS has confirmed takeover interest in its Barclays Global Investors asset management arm – a division estimated to be worth about £6.6bn. Read

Electrical giant Panasonic posts £2.6bn loss amid plunging world demand

PANASONIC has posted a £2.6bn loss – becoming the latest in a string of Japanese electrical firms to nosedive into the red amid tumbling global demand. Read

THE media firm behind talkSPORT reported encouraging signs for its UK radio business – despite caution over prospects this year.

UTV Media said UK radio revenues fell by 15% in the year to the end of April, compared with an 18% fall for the wider market. It also forecast a 9% decline for May and June in line with “somewhat improved” market conditions. Read

BOOKMAKER Ladbrokes said profits were down by a third after punters enjoyed a successful Cheltenham Festival.

A high number of horse race cancellations also affected the performance in the four months to April 30, although Ladbrokes said more normal trading patterns had returned in recent weeks, helped by a favourable outcome at last month’s Grand National. Read