Philip Green in Etam revamp

Retail tycoon Philip Green has wasted no time in overhauling the mess at his latest acquisition, fashion chain Etam UK. The Monaco-based owner of Bhs and Arcadia spent his first day of ownership going through the ranges at Etam's Oxford Street HQ. Green said Etam had struggled because "the product is poor, it doesn't take enough money per square foot and the stores are looking tired."

Green himself may also be responsible for the loss of earnings for London Casino. With an extraordinary series of big wins at the roulette table London Casino has warned that its profits are likely to fall by several million pounds this year.

Green won an estimated £2m in one night at Les Ambassadeurs in Mayfair, owned by London Clubs International, and at least a further £1m on other gambling nights around last Christmas