Moss Bros shares plunge as it cuts dividend and warns on profits

Telegraph Business Shares in Moss Bros plummeted this morning after it slashed its dividend and warned stock problems and falling consumer confidence would dent its profits this year. The suit seller said it had difficulty changing some of its suppliers […]

Carpetright raises emergency cash as it eyes shop closures

Telegraph Business Carpetright is scrambling to raise emergency cash as it mulls a rescue plan to restructure its debts and close dozens of loss-making stores. Britain’s biggest flooring retailer today said it was looking at launching a company voluntary arrangement, […]

Benefits of building on our ties with China are clear

Chinese moves to widen market access could be a game changer for UK firms in China, and those wanting to make an entry Credit: Stefan Rousseau/PA As the UK prepares to carve a new role for itself on the world […]

Blackstone co-founder Peter Peterson dies at 91

Telegraph Business Billionaire Wall Street financier Peter Peterson, who co-founded private equity firm Blackstone and served as US President Richard Nixon’s commerce secretary, died on Tuesday of natural causes, his family said. He was 91. “As a first-generation American born […]

Market report: Oil price surge drives FTSE recovery

Oil prices leapt to a six-week high on hopes that the White House will ramp up the pressure on Iran’s output by reimposing sanctions and offset a surge in US supply that is threatening to tip the fragile balance of […]

City tug of war continues as EU eyes ‘improved’ equivalence post-Brexit

EU leaders have given financial services the nod in draft guidelines on the UK and EU’s relationship post-Brexit, backing a system Philip Hammond said he wasn’t keen on earlier this month. The Chancellor challenged the assertion that financial services cannot […]

BMW headquarters raided over emissions cheating allegations

Telegraph Business BMW has been raided by German authorities investigating the luxury car maker over claims it cheated pollution controls. Prosecutors visited the company’s landmark Munich base as well as a satellite site in Austria in relation to more than […]

Heathrow rail link set to be first entirely backed by private cash

Telegraph Business The first entirely privately-funded railway line looks likely to run from Heathrow airport after the Government launched broader plans to invite bids for major new schemes. Private companies and local authorities have been invited to put bids in […]

Polyus Gold looks to rise above Russia tensions in pitch to the City

Telegraph Business Polyus Gold is hoping investors will look beyond geopolitical tensions with Russia and back its ambitious expansion plans, after staging its first capital markets day in the City. The company, which raised $400m (£285m) when it relisted in […]

Insurers hail end of ‘crash for cash’ whiplash claims amid Government clampdown

Insurance giants are hoping to see the back of “easy payday” whiplash claims after the Government unveiled new rules aimed at deterring fraudsters. Insurers have been pushing for a Government crackdown on so-called “crash for cash” scams for years amid […]