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Thomas Cook leads way lower

Holiday companies led the way lower on Friday as the FTSE 100 slipped for a fourth consecutive day

Nationwide lashes out at rescued banks

The head of Nationwide, Britain’s biggest building society, accuses government-backed companies of seriously distorting the savings market as its profits fall more than 60%

L&G set to appoint John Stewart as chairman

The UK’s third largest life and pensions company is on the verge of appointing John Stewart, the former head of National Australia Bank, as its new chairman, pending FSA approval

Discounters rush to grab Woolies inheritance

Discount retailers have been the major beneficiaries of Woolworths’ collapse, with 39% of stores now let taken by Poundland, B&M Bargains and other value chains

First Quench to shed more jobs and stores

The administrators of First Quench, owners of Threshers and Wine Rack chains, said it would cut almost 1,900 jobs and close hundreds more stores

Chemring raises $280m to help fund deals

The military decoy and pyrotechnic device group has placed $280m of loan notes with institutional investors, giving it renewed firepower for further acquisitions

Anite pins hopes on renewed LTE spending

The telecommunications testing group is pinning its hopes for a second-half upturn on renewed spending on next-generation networks

UK Mail lifts profits

The postal and parcel delivery company has seen some uplift in business as consumers sought alternatives to Royal Mail’s service, but revenues fell as the recession dragged on demand

Hershey and Ferrero flag interest in Cadbury

US and Italian confectionery groups are considering whether to enter the bid battle for Cadbury, though analysts are quick to play down the chances of a joint bid

Bolland must wear two caps at M&S

Just two months ago Marc Bolland, chief executive of Wm Morrison, said ‘I love Morrisons. I am happy where I am’

Restaurant Group cautious for 2010

Care UK profits up 25%

Lloyds takes stake to bail out Admiral

GM to slash capacity by 20% in Europe

Inflation jumps as fall in fuel price slows

Oxford Instruments boosted by order book

Renold raises £27m as chain demand slips

Barratt cautious on housing market

Myners says ISC code is not strong enough

GSK deal draws smokers’ vaccine closer

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