UK set to face ‘sluggish’ growth in the face of sticky inflation and Bank of England interest rate hikes
City veteran John Allan prepares to step down as Barratt chair June 4, 2022 Titan housebuilder Barratt is planning to begin a search for a new chairman, with City grandee John Allan to step down. According to reports by Sky News, Allan, who also chairs the country’s largest supermarket, Tesco, is readying to hand over the reins of the construction giant. Barratt has reportedly asked headhunters at Russell Reynolds [...]
Tesco chief joins calls for energy firms to face windfall tax amid deepening cost-of-living crisis May 10, 2022 Tesco chairman John Allan has joined calls for energy giants to be slapped with a windfall tax to ease pressure on households.
Tesco chairman accused of inappropriate behaviour, Guardian reports May 9, 2023 The Tesco chairman John Allan has been accused of alleged inappropriate behaviour relating to four women, according to reports in the Guardian. Allan, the newspaper claims, allegedly touched the bottom of a senior female Tesco staff member in June 2022, at the firm’s annual general meeting (AGM). He also allegedly touched the bottom of a [...]
Mark Kleinman: Elliott will need more to ‘Curry’ investor favour February 22, 2024 Mark Kleinman is Sky News’ City Editor and is the man who gets the City talking in his weekly City A.M. column.
Gerry Murphy: Who is Tesco’s new chair? July 2, 2023 Two months after Tesco’s former chair John Allan stepped down following allegations of sexual misconduct the ‘Big Four’ grocer has appointed boardroom heavyweight Gerry Murphy to fill the role. Dr. Murphy, an Irish businessman, is already the chairman of luxury fashion brand Burberry and sugar manufacturing business Tate & Lyle, however will step down from [...]
The City View: Victoria Scholar on uneasy European markets and US dollar high May 10, 2022 Today Andy Silvester talks to Victoria Scholar, Head of Investment at Interactive Investor. They go through the rebound by European markets today after yesterday’s sell-off, the US dollar’s 20-year high, McColl’s purchase by Morrisons, and Heathrow’s strong results. Andy also talks to City A.M. reporter Charlie Conchie — they unpick the Queen’s Speech, going through [...]
FTSE 100 close: London markets round off the week higher as investors boosted by improved consumer confidence May 19, 2023 Markets closed higher on Friday as investors were boosted by an increasingly positive consumer outlook in the UK. The capital’s premier index jumped 0.40 per cent to 7,773.80 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, remained roughly steady at 19,300.04 points. Investors were [...]
‘Blind eye’: Former John Lewis boss on CBI and Tesco scandals May 24, 2023 The former boss of John Lewis has spoken out on the scandals engulfing the CBI and Tesco suggesting that senior staff may have been “turning a blind eye” to bad behaviour. Andy Street, Conservative mayor of the West Midlands, spoke at a Q&A with InHouse where he discussed issues at the lobbying group, the Confederation [...]
Tesco chair says Labour the ‘only team on the field’ on economic policy October 16, 2022 The chair of the UK’s largest retailer has praised Labour’s economic plans and said “there’s only one team on the field” – Sir Keir Starmer’s party. Tesco chair John Allan today said “I don’t think we’ve seen a growth plan from the Conservatives”, but that “we’ve seen the beginnings, I think, of a quite plausible [...]
Tesco chief Ken Murphy collects £4.7m: 224 times overall pay of median staff member May 13, 2022 Ken Murphy, the chief of supermarket giant Tesco, received a £4.74m pay packet for the past year, the group has revealed in its annual report. The report, which was filed on Friday morning, said Murphy’s bumper total pay deal was 224 times the overall pay of the median member of staff at Tesco. It comes [...]