Prudential promotes finance boss Penny James to chief risk role August 10, 2015 Prudential is promoting finance director Penny James to the role of group chief risk officer James, who will also receive a seat on the board, takes the new role on from 1 September. She replaces interim John Foley who had stepped up to the role following the departure of Pierre-Olivier Bouée earlier this summer [...]
Dixons Carphone share price dips after massive data breach leaves 2.4m customers at risk August 10, 2015 Shares in Dixons Carphone, the company behind Carphone Warehouse, which over the weekend admitted it had been targeted in a "sophisticated" cyber attack which left 2.4m customers' payment details vulnerable, fell 1.7 per cent to 448.26p as the market opened. However, they later regained some of those losses, rising to 450p, 1.3 per cent lower than Friday's [...]
Hargreaves Lansdown poaches IG Group finance chief Chris Hill August 10, 2015 Hargreaves Lansdown has nabbed IG Group finance boss Chris Hill, it said in a statement this morning. The financial adviser said Hill, who has been in his position for four years, will take over from Simon Cleveland, a partner at Deloitte who has been acting as interim chief financial officer at Hargreaves Lansdown, in March [...]
Carphone Warehouse draws data watchdog probe after millions of customer details hacked August 10, 2015 The UK's data watchdog is investigating a huge data breach at high street retailer Carphone Warehouse which has put millions of customers at risk. The Information Commissioners Office (ICO) is "making enquiries" into the attack in which the private information of more than two million customers, such as card details, addresses and dates of birth, [...]
Carphone Warehouse cyber attack leaves 2.4m customers at risk of data breach August 10, 2015 Up to 2.4m Carphone Warehouse customers may have had personal details accessed by hackers in a massive cyber attack. Read more: Carphone hikes dividends as it smashes forecasts The retailer said that encrypted credit card details of up to 90,000 customers may have been part of data taken on 5 August. The IT systems division of [...]
Carillion bags £4.1bn government contract August 10, 2015 Carillion has won a new government outsourcing contract that could be worth up to £4.1bn. The FTSE100-listed business has been selected as part of a new “facilities management services agreement”, which will run until 2019. The new agreement replaces the current framework for facilities management contracts and relates to central government departments, executive agencies and [...]
Shire ramps up bid to win over Baxalta board August 10, 2015 The board of Baxalta will come under renewed pressure to open takeover negotiations this week, following early campaigning by Shire to promote its $30bn (£19.4bn) offer for the US firm. However, Baxalta insists that it will not accept this offer, with a company source describing the bid price as being “nowhere near” the value [...]
Chinese insurance giant Anbang nears £750m Heron Tower deal August 9, 2015 The Heron Tower in the City that is part-owned by property tycoon Gerald Ronson could soon change hands after a Chinese insurance giant emerged as a frontrunner to buy the skyscraper for £750m. Anbang Insurance, a privately owned group that last year snapped up New York’s Waldorf Astoria hotel for almost $2bn (£1.3bn), is close [...]
British Gas: Just 4pc applying to engineering roles are women August 9, 2015 British Gas has revealed that just four per cent of applicants to its technical and engineering apprenticeships are women. Since conducting an analysis of its intake, the company has launched a recruitment drive targeting young women, hosting open days and launching a new mentoring programme. Claire Miles, managing director for HomeCare at British Gas, said: [...]
Hobbs’ losses widen after costly revamp August 9, 2015 Womenswear retailer Hobbs saw losses widen to £15.6m last year, despite a slight pick-up in sale as its new management team struggled to turn the chain around. The brand, whose fans include the Duchess of Cambridge, suffered a £15.6m pre-tax loss in the year to 31 January, up from £14m last time. Turnover rose from [...]