Internet specialist Iomart energised by sale of Ufindus

Shares in Iomart surged more than 13% yesterday after the Scottish internet specialist revealed the sale of its online business directory, Ufindus, to BT for £20m in cash.

Fisher nets impressive return at Saracen

Glasgow fund manager Jim Fisher’s £180m Saracen Growth Fund escaped relatively unscathed from the UK stock market’s first-half tumble because it steered clear of housebuilders and banks, it emerged yesterday.

Rose blow as M&S shareholders revolt against dual role

More than one in five Marks & Spencer shareholders refused today to back the controversial dual role of boss Sir Stuart Rose.

	Footsie hits bear market territory
	The UK's FTSE-100 index of leading shares entered "bear market" territory yesterday morning - when an early plunge took it more than 20% below last year's peaks.

Rivals throw Bradford & Bingley crumb of comfort

Bradford & Bingley lost a fifth of its value yesterday despite signs its banking sector rivals could back its fundraising efforts.

Takeover talk sets Marks & Spencer shares alight

Shares in Marks & Spencer rebounded 6.7%, or 14.5p, to 231.5p yesterday amid rumours of a looming takeover, as chief executive Sir Stuart Rose prepared for a potentially difficult annual meeting today.

Persimmon to axe 1100 jobs as home sales fall 3%

Persimmon hammered the beleaguered house-building sector with more grim news yesterday, saying that it planned to cut 1100 salaried staff - a quarter of its workforce as first-half home sales fell 31%.

MB Designs goes into liquidation

The double-glazing company which had to give undertakings to the Court of Session over its products has gone into liquidation.

Developer submits waste plant plan for approval

Plans for a recycling and energy centre that could provide heat and power to homes and businesses in North Lanarkshire were unveiled yesterday.

Oil slides as traders snap up profits

Crude futures fell further yesterday as traders scooped up profits but US tycoon T Boone Pickens warned that prices will not drop below $100 a barrel again.

PartyGaming revenues slide

Internet gambling firm PartyGaming yesterday blamed the distraction of the Euro 2008 football championships for a recent dip in trade.

Bernanke: Fed needs more regulatory clout

Ben Bernanke, chairman of the Federal Reserve, entered the shark-infested waters of Washington regulatory battles yesterday and cautiously suggested that the US central bank be given new powers to oversee financial markets.

John Swan slides into the red as impact of foot-and-mouth bites

The impact of last summer's foot-and-mouth outbreak is continuing to be felt by the livestock sector, as auctioneer John Swan yesterday posted a pre-tax loss of £72,605 for the year.

FTSE tumbles as fall heralds bear market

London's FTSE 100 Index slid into "bear market" territory today as fears continued to mount over the health of the UK economy.

M&S shares surge on takeover rumours

Talk of a possible bid for Marks & Spencer sent shares in the struggling retailer soaring today after its recent steep falls.

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