GSK confirms RBS’ Sir Philip Hampton as new chairman September 25, 2014 GlaxoSmithKline (GSK) has confirmed that Royal Bank of Scotland (RBS) chairman Sir Philip Hampton has been appointed to lead its board. The pharmaceutical giant said this morning that Hampton will join as non-executive director on 1 January next year, assuming the role of chairman from Sir Christopher Gent from 1 September. Although RBS did not [...]
CSR extends deadline for Microchip bid September 25, 2014 Cambridge Silicon Radio (CSR) has extended the deadline for US company Microchip Technology to make a takeover bid. The British silicon chip designer and software company had originally set the deadline at 5pm today, but Microchip now has until 5pm on 15 October to come to a decision on whether it will make an [...]
Mike Ashley’s Sports Direct takes a punt on Tesco’s share price September 25, 2014 Mike Ashley isn't averse to taking a flutter. This time, the Newcastle United owner has taken a bet on Tesco – his company, Sports Direct, has entered into a put option agreement with Goldman Sachs on 23 million of its shares, which could leave it with a 0.28 per cent stake in the retailer, worth [...]
Finally, Apple apologises over iOS 8 update – but what about the bendy iPhone 6? September 25, 2014 Apple made a statement overnight apologising for the "great inconvenience" created by its flawed iOS 8 operating software. The company has been the subject of criticism after it released the latest version of its mobile operating system earlier this month. It's 8.0.1 update, released yesterday designed to fix problems with its health app, caused further [...]
Tesco admits finance boss Laurie McIlwee left in April – before £250m profit black hole appeared September 24, 2014 New revelation puts spotlight on former CEO Tesco was forced to admit last night that ex-finance chief Laurie McIlwee was not involved with the company during recent months when a £250m black hole appeared in its accounts. The troubled supermarket also confirmed that Philip Clarke, its recently-ousted chief exec, had headed up an internal finance [...]
Suits you, Europe: Ryder Cup in sight September 24, 2014 CAPTAIN Paul McGinley is a step closer to revealing Europe’s opening pairings after his side held their latest practice session at Gleneagles yesterday as Ryder Cup anticipation reaches fever pitch. McGinley, together with vice-captain and long-standing City A.M. columnist Sam Torrance, has already intimated he is likely to split up the familiar partnership of Northern [...]
Parliament recalled to debate air strikes in Iraq September 24, 2014 The speaker of the House of Commons has agreed to recall parliament tomorrow, paving the way for UK air strikes of Islamic State (IS) targets in Iraq. The move to call MPs back to Westminster comes after David Cameron – who will chair a meeting of his cabinet later today – received a request from [...]
GlaxoSmithKline to name Sir Philip Hampton chair September 24, 2014 SHARES in pharmaceutical giant GlaxoSmithKline (GSK) rose slightly in late afternoon trading yesterday after it emerged that Sir Philip Hampton was likely to be named as its new chairman. GSK is likely to announce Hampton’s move in the next two days – and with such a large job he is expected to eventually give up [...]
BlackBerry shows its Passport to square up with smartphone rivals September 24, 2014 STRUGGLING smartphone maker BlackBerry yesterday launched an unconventional new device, called the Passport, that it hoped would help to restore its presence in the smartphone market. Investors appeared to be disappointed by the move as the Canadian firm’s shares fell 0.47 per cent to $10.51 in New York. The device, about the size and shape [...]
Citizens IPO: Share price recovers after low float price September 24, 2014 Shares in RBS’ American spin-off bank Citizens jumped sharply yesterday on their first day of trading. The New York-listed retail bank disappointed on its flotation, with shares sold in the initial public offering (IPO) pricing at $21.50 – below the $23 to $25 RBS had hoped for. But the price climbed rapidly once the shares [...]