Manufacturing sector’s untapped potential can lift us out of recession August 13, 2013 THE government claimed a “march of the makers” would drive Britain out of recession. Fast-forward a few years, and it might just be becoming a reality. Figures last week showed UK manufacturing is on the up – rising at its highest pace since the end of 2010. Overall output rose by 1.9 per cent in [...]
June prices rise at fastest rate for 14 months July 16, 2013 THE CONSUMER price index (CPI) measure of inflation came in at 2.9 per cent for June, compared to prices in the same month last year, the Office for National Statistics (ONS) said yesterday. Inflation narrowly missed the three per cent increase that would force the new Bank of England governor, Mark Carney, to write a [...]
Matalan names Allan Leighton as its chairman October 16, 2012 FORMER Asda boss and Royal Mail chairman Allan Leighton is to join the board of Matalan as chairman, the discount fashion and homeware retailer said yesterday as it posted robust second quarter sales. The highly-regarded Leighton will replace John Mills, who has been in the role for six years and will now become deputy chairman. [...]
Cavendish has to move on, says Wiggins August 19, 2012 OLYMPIC gold medallist Bradley Wiggins has admitted that talented team-mate Mark Cavendish will have to leave Team Sky if he is to fulfil his potential. Though Cavendish has two years remaining on his contract, Team Sky principal Dave Brailsford last month confirmed he can leave and Tour de France winner Wiggins believes it is an [...]
CITY MOVES WHO’S SWITCHING JOBS July 29, 2012 Lloyds Bank Matthew Packham has been appointed head of the trade, industrials and services sectors at Lloyds Wholesale Banking and Markets. He was previously regional director of the bank’s business support unit, and has also served as head of credit for Lloyds’ US structured finance and financial institutions business. Norton Rose Neil O’May has been [...]
Lib Dems will not back Hunt in key vote June 12, 2012 COALITION tensions will rise further today as Liberal Democrats abstain in a parliamentary vote on whether culture secretary Jeremy Hunt should be referred to the ministerial watchdog. Lib Dem MPs agreed to stay out of the vote, which has been called by Labour in an attempt to force an investigation by Sir Alex Allan, the Prime Minister’s [...]
Webster to step down as IHG chairman February 5, 2012 DAVID Webster, the long-standing chairman of Intercontinental Hotels Group, is to stand down after eight years at the helm of the world’s largest hotel group. A source close to Webster said that no date had been set yet for his departure, but that he is likely to leave later this year. The owner of Holiday [...]
Doughty Hanson in deal for global oil and gas firm Asco November 27, 2011 THE private equity house best known for its investments in LK Bennett and Jimmy Choo has sold Asco, its oil and gas business. Phoenix Equity Partners sold the fast-growing oil and gas logistics firm, based in Aberdeen, to Doughty Hanson & Co, five years after paying £134m for it. The value of the latest sale [...]
Doughty Hanson in deal for global oil and gas firm Asco November 27, 2011 THE private equity house best known for its investments in LK Bennett and Jimmy Choo has sold Asco, its oil and gas business. Phoenix Equity Partners sold the fast-growing oil and gas logistics firm, based in Aberdeen, to Doughty Hanson & Co, five years after paying £134m for it. The value of the latest sale [...]
CITY MOVES | WHO’S SWITCHING JOBS June 23, 2011 Hydrodec The industrial oil re-refining group has appointed former Betfair director Andrew Black to the board as a non-executive director, in his first public company directorship since leaving the online gaming group he co-founded in 1998. Black, who made a reported £300m on Betfair’s float when the business entered the FTSE 250 in October 2010, [...]