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Mothercare boss to get 'ruthless' after massive losses

The UK arm of baby products retailer Mothercare has made a £103m loss, but let's not throw all the toys out of the pram just yet...

Autonomy founder Lynch to leave HP

Mike Lynch, arguably Britain's most successful tech entrepreneur, has resigned from HP, the company he sold Autonomy to last year.

Nationwide to introduce SME lending

In a much-needed boost to small businesses in the UK, the building society has unveiled plans to introduce SME lending by 2013.

Ben and Jerry co-founder: profits and sustainability do mix

Jerry Greenfield tells MT that entrepreneurs should be socially responsible to be successful.

Silver lining after April retail slump?

Thanks to falling petrol sales after national panic buying, retail slides at the fastest monthly rate in more than two years, but it's not all bad...

Facebook no longer '800-pound gorilla'

Quote of the day: 'I guess that the 800-pound gorilla has gone on a diet'. Scott Sweet, senior managing partner of research firm IPO Boutique, who bought Facebook shares on Friday, says the massive share sell-off since renews questions about Facebook's lofty-$93bn market capitalization.

Social media as important as face-to-face, say CEOs

Social media is set to become one of the most important forms of customer interaction, according to a new IBM study of more than 1,700 CEOs across 18 industries.

Wonga under fire from OFT

The OFT has threatened Wonga with fines for repeated malpractice surrounding its debt collection antics.

Marks and Spencer profits fall

The high street stalwart is feeling the pinch of economic hardship, with profits falling for the first time in three years.

'I don't deserve bonus' says Tesco chief

Quote of the day: 'I wasn't satisfied with the performance in the UK and I won't take the bonus.' Tesco chief exec Philip Clarke has declined his annual bonus after the supermarket giant posted poor results for the year. Tesco's shrinking profitability in the UK has seen the chain lose a quarter of...

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