Santander and Visa veterans join UK Finance board October 14, 2019 UK Finance has added Santander executive Susan Allen and chief executive of Visa Europe Charlotte Hogg to its board. Allen is Santander’s head of retail and business banking in the UK, and is responsible for the bank’s 15 million retail and business customers in the UK, as well as its nationwide network of branches. Read [...]
The top dogs of global finance gather this week to confront economic storm clouds October 14, 2019 Will there be a global recession? What next for policy? Where are the major financial risks? These questions will be to the forefront of minds this week in Washington as the annual meetings of the International Monetary Fund (IMF) and World Bank take place. Policymakers from across the globe will be in attendance, plus over 10,000 participants from [...]
Cake Box on track to meet expectations after sales and stores grow October 14, 2019 Cake Box said it expects to meet full-year expectations after sales and store numbers both grew in the first half of the year. The egg-free cake retailer said it expects to report revenue growth of about six per cent to £8.8m, compared to £8.3m in the first half of last year. Read more: Cake Box [...]
Sophos shares jump as it announces £3bn US private equity buyout October 14, 2019 Cyber security group Sophos shares spiked this morning as it announced it is to be bought out by a US private equity firm, in a deal that values it at £3.1bn. Thoma Bravo said this morning it would take Sophos private, as it dives deeper into the booming cyber security sector. Read more: Sophos share [...]
Oil prices fall amid uncertainty over US China trade deal October 14, 2019 Oil prices fell this morning amid uncertainty over the first phase of a trade deal between the US and China. Markets were lifted two per cent by optimism over a thaw in the frosty relations by the end of last week, but Brent Crude was down 1.11 per cent this morning, valued at $59.84 per [...]
Ferrexpo ‘closely monitoring’ situation after Ukraine bids to put boss on wanted list October 14, 2019 Directors at mining giant Ferrexpo this morning said they are “closely monitoring” a Ukrainian bid to put their chief executive on the international wanted list. Prosecutors named Kostyantin Zhevago as a suspect in absentia, after he allegedly failed to turn up for questioning about his former company. Over the weekend, Ferrexpo sources declined to say [...]
Laura Ashley shares plunge as finance chief steps down after two decades October 14, 2019 Laura Ashley’s share price plunged more than 26 per cent this morning after the retailer announced its finance director Sean Anglim has stepped down after more than two decades at the firm. Anglim, who is also joint chief operating officer, will be replaced by Sagar Mavani, the company announced today. Read more: Laura Ashley drops [...]
Julian Dunkerton to stay on as Superdry CEO until April 2021 October 14, 2019 British fashion brand Superdry has said co-founder Julian Dunkerton will stay on as chief executive officer until April 2021. Dunkerton has been interim CEO since April this year, after very narrowly winning a crunch shareholder vote with a pledge to turn the struggling retailer around. In July Superdry fell to a £85.4m loss, from a [...]
City Moves for 14 October – Who’s switching jobs at Trident Resources, Mazars and Hymans Robertson? October 14, 2019 Today’s City Moves includes Trident Resources, Mazars and Hymans Robertson Trident Resources Adam Davidson has been appointed director and chief executive officer of Trident Resources, the investment vehicle formed to identify, assess and acquire near term mining development and production assets. Adam joins the board of directors with over 10 years of experience in the [...]
Uber challenger Bolt launches XL vehicle category in London October 14, 2019 Ride-hailing app Bolt is launching a new XL category of vehicles – with space for up to six passengers – in London today, in a bid to compete with rival Uber in its biggest European market. Bolt, which launched in London in June, is hoping its expanded offering, coupled with its comparatively low prices, will [...]