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Entrepreneurs Panel

Steve Purdham
Brian Hay
Laura Tenison
Michael Oliver
Debbie Pierce
David Pollock
Julie Meyer
Charlie Mullins
Tony Caldeira
Jennie Johnson
Jeremy Roberts
Richard O'Sullivan

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National Apprenticeship Week has proved its worth, with some of the UK’s top flights firms having pledged to create more than 20,000 apprenticeships to allow young people earn while they learn.

The Co-operative Group has agreed terms with Lloyds Banking Group (LBG) to buy 632 of its branches in a deal worth approximately £750 million.

Current Nationwide chief executive, Graham Beale, has been installed as the bookies’ favourite to replace Eric Daniels as boss of the bailed-out Lloyds Banking Group.

Lloyds Banking Group has announced its Chief Executive Eric Daniels will retire in the next year.

Lloyds Banking Group has followed Northern Rock in reporting a return to profit for the first half of the year. It reversed a £4bn loss to a £1.6bn profit as its bad debts halved.

Lloyds Banking Group is to sell its BoS private equity unit to buyout firm Coller Capital.

Lloyds Banking Group which is 41 per cent-owned by the taxpayer, has returned to profit.

Lloyds Banking Group said today it would return to profit this year thanks to a bigger than expected drop in bad debts.

Lloyds Banking Group is to cut a further 1,200 jobs, it said today.

The cuts bring to 8,200 the number of jobs shed by LBG since its creation in January.

The announcement was slammed by the banking union Unite which described it as a "betrayal" of taxpayers.

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Five Minutes With

David Hughes sums up his entrepreneurial career to date thus: four spectacular successes and two failures. He founded the sports retailer Allsports and achieved turnover of £180 million before a vicious price war meant decline, administration in 2005 and a sell-off to rival JD Sports.

It took Richard Shonn, managing director of 151 Products, three years to find a warehouse big enough for his requirements.