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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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Metro International: "Accidentially on Purpose"

Category : Stocks

How the ‘Biggest Mistake’ in Newspaper History Helped Fuel the World’s Largest Photo Competition

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Tesla Motors sparks up first profit

Category : World News

Electric car maker Tesla Motors drives into profit for the first time in its 10-year history, reporting a profit of $15m (£9.65m).

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Asda Money Launch a Free Credit Rating Service for All Customers

Category : World News

Asda Money has joined forces with Noddle, to give Asda Money customers the opportunity to review their credit history for life without paying a penny.

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VIDEO: Three years on from BP oil disaster

Category : Business

Three years ago BP’s Deepwater Horizon oil rig exploded in the Gulf of Mexico killing 11 workers and causing the worst environmental disaster in US history.

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Investment From Chinese Groups Rushes to Jeju

Category : World News

China’s Landing Investment Group to Make Large Scale Investment in Jeju’s Myth and History Theme Park

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The 10 stages of Jamie Dimon’s London Whale grief

Category : Stocks

How Wall Street’s most outspoken CEO publicly dealt with one of the largest trading losses in history.

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Clothes retailer Ted Baker posts double-digit leap in profits

Category : Business

Brand defies gloom on UK high street, selling more womenswear than menswear for first time in firm’s history

Ted Baker has defied the gloom elsewhere in the high street by posting a double-digit leap in profits.

Once known for selling garish shirts for young men, the brand has transformed into a high-end retailer for the fashion-conscious, with womenswear overtaking menswear sales for the first time in the company’s 24-year history.

Sales in the year to 26 January were up 18% to £254.5m, driving a 19.2% increase in pre-tax profits to £28.9m.

Ted Baker’s aggressive international expansion strategy has seen the retailer open its first New York store on fashionable Fifth Avenue. Stores have also been opened in China and Canada, with concessions in Germany and the Netherlands.

Sales in UK and European stores rose 11.1% to £165.1m, with retail space increasing by 5.7%.

Analysts said the results were in line with expectations. Freddie George, analyst at Cantor, said: “The strategy of accelerating development overseas through new stores and concessions appears to be working and is set to boost earnings growth over the medium term.”

BP set for trial over Gulf oil spill

Category : Business, World News

BP is set to face civil proceedings over the 2010 Deepwater Horizon disaster, which killed 11 men and caused one of the worst oil spills in history.

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Barclays misled shareholders in 2008

Category : World News

Barclays bank misled shareholders and the public about one of the biggest investments in the bank’s history, a BBC investigation finds.

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BP record $4bn penalty approved

Category : World News

A US court approves the biggest criminal fine in US history given to British oil giant BP as part of a settlement related to the fatal 2010 Deepwater Horizon disaster.

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