Richard Pennycook's appointment as interim chief executive of the Co-operative Group, replacing Euan Sutherland, provides the mutual with an executive capable of getting to grips with problems, investors say.
17.30 (CLOSE): Sports Direct extended its strong run on the stock market today after confirming details of a bonus scheme that could see its founder land a shares windfall worth up to �65million.
... Print. * ECB policy to be accommodative for some time - Constancio. * Emerging currencies weaken with commodities on China concerns.
Foxtons benefits from capital boom. The estate agent Foxtons benefited from a booming London market to boost 2013 profits by 57 per cent to �39m, prompting a special dividend of 3.74p alongside a final dividend of 1.7p.
Lloyds Bank's move to freeze workers' pensions has been described as 'a disgraceful display of double standards' after it paid �568,000 into the pension pot of its chief executive.