New Tesco boss’s start date delayed until October February 3, 2020 The start date of Tesco’s new boss Ken Murphy has been pushed back as he is forced to see out a non-compete agreement. The supermarket giant announced in October last year that chief executive Dave Lewis will step down this summer, and will be succeeded by Walgreens Boots Alliance veteran Murphy. However, the grocer said [...]
City Moves: Who’s switching jobs in the Square Mile this week? May 26, 2021 City A.M.‘s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Johnson & Johnson hires EU consumer health director US pharmaceutical giant Johnson & Johnson has hired a new London-based area managing director for consumer health in northern Europe. Charmaine England, who [...]
Big Boots to fill: Meet the Walgreens exec replacing Tesco’s CEO October 2, 2019 Boots veteran Ken Murphy has been named as the successor to outgoing Tesco chief executive Dave Lewis. The City reacted with surprise this morning to the news of Lewis’ departure, and the appointment of the relatively unknown new boss. Read more: Analysts react to Dave Lewis shock departure Murphy, a qualified accountant, began his career [...]
Boots Advantage Card payments blocked after cyber attack March 5, 2020 Boots Advantage Card has suffered a cyber attack, forcing the chemist to suspend payments using loyalty points. The cyber attack has affected around 140,000 customers, which Boots said represented less than one per cent of its online users. Scammers attempted to break into Boots Advantage Card accounts using passwords stolen from other websites, which can [...]
Private Equity firm 3i posts 10 per cent return November 14, 2019 Listed private equity firm 3i has reported an increased half-year return of 10 per cent, boosted by good trading performance across its portfolios. The company notched up a total return of £767m for the first six months of the year, a 10 per cent increase on the previous year’s figure. Read more: Cobham buyer Advent [...]
Boots owner Walgreens exploring taking pharmacy chain private November 5, 2019 Walgreens Boots Alliance has been exploring whether to go private following private equity interest in the US pharmacy chain, which has a market value of more than $55bn, according to people familiar with the matter. In recent months, Walgreens has held preliminary discussions with some of the world’s largest private equity firms about putting together [...]
City Moves for 5 November – Who’s switching jobs at AKA Group, Shop Direct and KPMG? November 5, 2019 Today’s City Moves includes AKA Group, Shop Direct and KPMG AKA Group Specialist lifestyle and leisure advertising agency AKA Group has announced the appointment of Nick Hurrell as chairman. Nick currently serves as chairman at London ad agency George and Dragon and was previously chairman of the Europe arm of M&C Saatchi, as well as being [...]
From big hitters to big quitters: Three FTSE resignations surprise the City October 2, 2019 A trio of City big-hitters shocked the Square Mile this morning after revealing plans to resign from their companies. Tesco boss Dave Lewis, Standard Life Aberdeen fund veteran Martin Gilbert and Metro Bank chairman Vernon Hill all said today that they will be leaving their posts. The triple-whammy of surprise announcements was met with mixed [...]
Tesco CEO Dave Lewis quits as supermarket declares turnaround ‘is complete’ October 2, 2019 Tesco chief executive Dave Lewis is stepping down from the Big Four supermarket, it revealed today as it declared its turnaround is complete. The CEO will leave the business next summer after chairman John Allan said he had accepted his resignation letter “with regret”. Read more: Tesco sells mortgage arm for £3.8bn Lewis called the [...]
Boots posts drop in UK quarterly sales amid tough trading conditions June 27, 2019 The parent owner of Boots, Britain’s largest chain of chemists, has posted a drop in UK quarterly sales amid challenging high street conditions. Walgreens Boots Alliance (WBA) posted a 1.6 per cent drop in sales during the three months to the end of May, spurred on by a one per cent decline in its troubled [...]