News

Outlook Stefano Pessina thinks I'm an idiot (this isn't a club of one, I grant you).

Shock as Boots chief steps down

Health and beauty chain Alliance Boots has announced the shock resignation of boss Andy Hornby after less than two years in the role.

Boots defies the snow to keep marching forward

Alliance Boots, the pharmacy and health and beauty giant, achieved a 15.6 per cent leap in total revenues in the final quarter of 2010, despite challenging trading and the UK's heavy snowfall.

The Business On: Andy Hornby, chief executive, Alliance Boots

He looks familiar

The business heroes and villains of 2010

Who were the good guys and who were the bad guys in business and economics in 2010? James Moore is your guide to <i>The Independent's</i> halls of fame, and shame

Boots to open second 'drive through' chemist

Boots is to expand its drive-through pharmacy format following a successful trial in Colchester.

Business Diary: Lloyds shows its dark-horse skills

Given the leaky nature of banks – HSBC's recent succession travails were a prime example – Lloyds Banking Group deserves congratulations for keeping under wraps the hiring of Antonio Horta-Osorio as its new chief executive until it felt ready to announce it. One of The Independent's rivals was even claiming yesterday that the bank had yet to appoint headhunters. Officially, the line from Lloyds on Tuesday, as it unveiled its third-quarter numbers, was that the search was "progressing". If only banks always made such speedy progress.

Asda becomes the latest firm to axe its final salary pension

The UK's second biggest supermarket, Asda, is to close its final-salary pension scheme after the scheme's deficit almost doubled to £400m in the past nine months alone.

Boots poaches Argos executive

Alliance Boots has lured a former director of Home Retail to its UK health and beauty division.

Alliance Boots to cut 900 non-store jobs

Alliance Boots is to shed 900 non-store-based jobs in the UK over the next three years. The chemist and pharmaceuticals wholesaler, which owns Boots, said the cuts would slash its annual operating costs by about £56m by 2013-14.

Defined-benefit pension deficits widen, warns Mercer report

Falling corporate bond yields and volatile equity markets are likely to cause a headache for companies that offer their staff defined-benefit pension schemes, research published yesterday shows.

David Prosser: Sir Stuart fades from the public eye

Outlook Sir Stuart Rose must be counting the days until 4 January 2011, when he is finally due to walk away from Marks & Spencer. He clearly feels thoroughly under-appreciated for his record at M&S, with rows over corporate governance and pay, and a mixed performance over the past 18 months from the retailer having undermined his claim to have rescued it from the clutches of Sir Philip Green six long years ago.

James Moore: Will Mercer still be crowing in 20 years?

Outlook Mercer, the pension consultant, was positively crowing yesterday. The pension buyout market has sparked into life over the last 12 months and guess who's done terribly well out of it?

Business Diary: Hornby to run the gauntlet

Speaking to a female crowd isn't always easy, as Tony Blair famously discovered on addressing the Women's Institute.

Ex-HBOS chief makes swift &pound;2m at Boots

The former boss of rescued bank HBOS earned more than £2 million in pay and benefits for just nine months in his new job heading high street giant Alliance Boots, it emerged today.

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