Daily Post

We Will Never Let Jaguar Go Under ; Pledge by Mandelson As Prime Minister Hails City's Success

THE Government is ready to intervene to support Jaguar Land Rover when the time is right, business secretary Lord Mandelson said yesterday. Speaking to the Daily Post exclusively ahead of the cabinet meeting in Liverpool yesterday, Lord Mandelson said ministers were discussing the issue and the Government was facilitating talks between JLR, banks and investors.

Sea Tragedy After Pair Lost Their Way ; Heroic Rescue As Friend Was Swept Away

TWO Wirral men were swept out to sea off Anglesey after taking a wrong turning on their way back to their holiday caravan from a local pub. Craig Craven, 22, drowned and his lifelong friend, Philip McWilliam, 24, was rescued by a volunteer coastguard in heavy seas.

Inquiry Clash Over Efc Stadium Traffic

DEVELOPERS and opponents clashed over the impact Everton FC and Tesco will have on traffic and transport in Kirkby at a planning inquiry yesterday. Tesco and Everton's representative Joe Ellis and Knowsley Council traffic expert Philip Sapiro yesterday gave evidence claiming that the overall impact on journey length would be neutral for shoppers and would, in fact, help reduce the need for car travel.

In Brief: Text Service for Bargain Hunters

A NEW text message service to help bargain hunters find the best price on their local high street has been launched. Shoppers simply text the details of where they are and what they want to buy and - within a minute - a reply will tell them which two shops nearby have the TV, computer game, camera or kitchen appliance at the lowest price.

In Brief: Eu 'Too Slow' in Gas Row

In Brief: Under Fire

A GOVERNMENT campaign to fight obesity with the help of food companies has been strongly criticised by a leading medical journal. The three-year Change4Life campaign is aimed at families with children under 12 years old.

In Brief: Job Loss Fears

London Market

THE Bank of England's widely anticipated cut in interest rates failed to breathe life into the FTSE 100 Index yesterday as it came under further pressure. The Bank's decision to cut interest rates to an alltime low of 1.5%, from 2%, was offset by gloomy sentiment across the Atlantic as Wall Street was shaken by grim unemployment news and poor retail performance.

Wall St

A DEAL that would prevent more mortgage foreclosures has pulled Wall Street out of a deep early slump and given the market a higher close. The Dow Jones Index fell 27.24, or 0.31%, to 8,742.46.

Pharmacy Group in Limbo After Billionaire's Suicide ; Runcorn Firm Phoenix Said to Be for Sale

RUNCORN pharmacy group Phoenix UK is reported to be among the assets of Adolf Merckle's stricken business empire being put up for sale, just days after the German billionaire committed suicide. Banks are understood to be moving swiftly to sell the late Mr Merckle's Phoenix Group, which owns a number of businesses in the UK, including the Rowlands pharmacy chain, as part of conditions laid down by creditors in return for a loan.

First Casualty in Liverpool One As Bathstore Shuts Branch

LIVERPOOL One has seen its first casualty of the credit crunch, as Bathstore, in Hanover Street, has closed its doors. The store opened in September, 2007, and was one of the first to open in the pounds 1bn shopping and leisure complex.

Zavvi Shuts City Centre Store

TROUBLED music retailer Zavvi has closed one of its two Liverpool stores and is slashing the price of its stock as administrators bid to sell the business. Ernst & Young has closed 22 stores with the loss of 178 jobs.