News

Outlook First Standard Chartered, then Experian, and now Sainsbury’s. It’s shaping up to be a year of boardroom upheaval, and it’s still only January. Who next? Well, a little bird tells me Schroders’ veteran chief executive Michael Dobson has sounded out confidants in the City about the idea of him becoming chairman of this granddaddy of fund managers, succeeding 69-year-old Andrew Beeson.

Post-Olympic blues for generator supplier Aggreko

The generator supplier Aggreko suffered post-Olympics blues yesterday as it warned that revenues next year will be £100m lower than this year's.

Aggreko feels £100m drag on revenues after Olympic boost

Aggreko suffered post-Olympics blues yesterday as the power supplier warned that revenues next year will be £100m lower than this year's.

Lack of women on boards worries major investors

UK boardrooms are becoming more diverse but the lack of female executives remains a major concern for investors, one of the country's leading shareholder groups has claimed.

Still too few women in boardroom, warns ABI

UK boardrooms are becoming more diverse but the lack of female executives remains a major concern for investors, one of the country's leading shareholder groups has claimed.

Man chief executive steps aside for internal successor

The beleaguered boss of the world's biggest listed hedge fund yesterday bowed to pressure and quit with a pay-off worth at least $925,000 (£576,000).

Beleaguered Man Group boss Clarke heads for the exit

World's biggest listed hedge fund's chief leaves with a pay-off after investors' patience snaps over backfiring performance

Market Report: Pace still a runner in race for Motorola

Can a Yorkshire firm keep up with the pace in the bidding war for Google's Motorola set-top box business? The official deadline was last night, and Saltaire-based Pace was said to be up against Georgia-based Arris, France's Technicolor and private equity bidders.

James Ashton: Starbucks' tax climbdown means others must wake up and smell the coffee wrangles will continue

Outlook There are all sorts of reasons why Starbucks should have held firm over the issue of tax. Instead, it has opted for the ultimate in tax self-assessment which will see it cough up £20m over the next two years, whatever it makes.

Trevor Reid leaves Xstrata with £5.5 million pay-off

Xstrata's chief financial officer, Trevor Reid, is quitting the mining giant with a £5.45m pay-off after announcing his resignation just two weeks after it finally sealed its £56bn mega-merger with commodities trader Glencore.

Xstrata finance chief Reid to quit after completion of Glencore mega-merger

Xstrata's chief financial officer, Trevor Reid, is quitting the mining giant with a £5.45m pay-off after announcing his resignation just two weeks after it finally sealed its £56bn mega-merger with commodities trader Glencore.

Crack in the glass ceiling as more women reach boards

A jump in the number of women in the boardrooms of Britain's biggest companies was hailed yesterday by the Business Secretary, Vince Cable.

Fiscal cliff: US budget deal hopes give markets a boost

A deal before the year-end is necessary to avoid the so-called "fiscal cliff" of automatic spending cuts and tax increases

BP slapped with record $5bn fine over Gulf of Mexico oil disaster

BP will pay the biggest criminal penalty in US legal history by some distance after reaching a $4.5bn (£2.9bn) settlement with American authorities over the Gulf of Mexico spill.

Gay executives 'should lead by coming out'

Gay executives running Britain’s leading companies should come out of the closet to provide “visible senior role-models” to gay colleagues, a campaigner has said.

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