PRESS DIGEST - British business - April 30

The Times

INSIDE TRACK CANNOT AVOID EFFECTS OF CREDIT CRUNCH

Inside Track Seminars, which charged up to 2,495 pounds for its weekend property investing seminars, has been placed into administration, with around 50 Inside Track advisers being made redundant. Managing director Tony McKay said: "The company has seen a fall in the number of people who want to invest in the property market for the first time, which is understandable in the current climate."

DSG TO CLOSE ITALIAN STORES

Eight hundred jobs could be under threat at about 40 of the Italian stores owned by DSG International(DSGI.L: Quote, Profile, Research, Stock Buzz). The electrical retailer, which trades in Italy from 238 UniEuro stores and 15 PC City stores, said that it had informed staff and was working with the unions. DSG announced that the closure plan formed part of a business review, the first phase of which is to be presented by chief executive John Browett on May 15.