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.
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Sunday 08 January 2012
Pharmaceuticals blue-chip GlaxoSmithKline (GSK) has replaced Hoare Govett as one of its brokers, putting more pressure on the Royal Bank of Scotland's corporate broking arm.
Friday 06 January 2012
The soldier who returns to find that he's a stranger in the country he fought for is a familiar figure in drama (one thinks of Simon Stephens' recent Motortown), as is the absconding father who is finally forced to confront the consequences of his neglect.
Friday 06 January 2012
The Iraqi militia that kidnapped five Britons in 2007 has offered to hand over the body of the last missing man amid claims he was "killed in a clash".
Thursday 05 January 2012
The body of a British hostage who was kidnapped in Iraq five years ago could be returned to the UK, according to reports.
Friday 30 December 2011
A disgruntled former employee shot at least two international workers from Médecins Sans Frontières at the charity's office in the Somali capital Mogadishu, the group said yesterday. At least one person was killed.
Tuesday 20 December 2011
Ocado's shares sank to an all-time low after the online grocer issued a profits warning yesterday, as it continues to struggle with "capacity constraints" at its warehouse in Hertfordshire.
Sunday 18 December 2011
Shares in Zynga, the online games company behind the Facebook favourite Farmville, fell 5 per cent on their first day of trading on Friday.
Sunday 18 December 2011
HMV is expected to post another big loss in its interim results tomorrow, as analysts predict a "make or break Christmas" for the beleaguered music retailer.
Saturday 17 December 2011
Instead of being scared off by its rivals across the Atlantic ganging up, a multibillion-dollar merger between two of its peers gave Ashtead a boost yesterday. The equipment hire firm climbed 10.2p to 209.6p on the mid-tier index after United Rentals agreed to pay $2bn for RSC Holdings, sparking hopes it could become a takeover target itself.
Monday 12 December 2011
It is fair to say that 2011 has been a year to forget for Carpetright. One of the retailers worst hit by the pressures on the high street, a string of profits warnings has seen the share price of Britain's biggest floor coverings retailer almost halve since January. Judging by comments in the City, it doesn't exactly look as if things are going to get much better when Carpetright announces its interim results tomorrow. Analysts at Singer Capital Markets expect it to "report its worst first-half figures as a listed company", forecasting a pre-tax profit for the period of £1.2m – almost a tenth of what it managed the previous year. The UK will be the culprit, they say, with a 3 per cent drop in like-for-like sales alongside a steep fall in margins after efforts to revive the business.
Thursday 08 December 2011
Luxury handbag maker Mulberry shrugged off the economic gloom today as it trebled its half-year profits on the back of strong sales at home and abroad.
Tuesday 06 December 2011
Monday 05 December 2011
While Thomas Cook has been engaged in a struggle for its future, fellow operator TUI Travel has been faring rather better. Its bitter rival may have lost roughly 60 per cent of its share price sinceadmitting last month it needed more cash to survive, but over the same period TUI has managed to advance 10 per cent.
Thursday 01 December 2011
The Financial Services Authority's chief executive Hector Sants has dashed hopes that the watchdog will intervene in a fierce dispute between British pensioners and the Irish government.
Wednesday 30 November 2011
Court staff working on the case of two men accused of murdering Stephen Lawrence were encouraged to work by pickets in the only case of sanctioned strike-breaking at a British trial, said union officials.
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