Tesco’s Higginson to join Poundland as chairman July 11, 2012 Poundland, the discount chain, has hired Tesco executive Andrew Higginson as chairman. Higginson, who was group finance and strategy director at Tesco for 11 years before taking on the role of head of retailing services officially retires from the grocer in september. He was also appointed chairman of N Brown, the catalogue retailer, last week.
Vodafone’s pay deal opposed by adviser Pirc July 11, 2012 VODAFONE was delivered a blow yesterday when investor advisory body Pirc urged shareholders to vote against the telco’s remuneration report. But the telecoms giant could still escape the so-called shareholder spring which has scalped some of Britain’s top companies, as the ABI and Institutional Shareholder Services (ISS) both supported Vodafone’s pay deal. Looking ahead to [...]
Hays sees UK fees plunge as job cuts in banking sector hit July 11, 2012 RECRUITER Hays yesterday said its quarterly net fees rose just two per cent in its fourth quarter as fears over the global economy hit clients. The rise was at the bottom end of analyst expectations. Net fees in Britain and Ireland plunged nine per cent due largely to the number of job cuts in the [...]
EU citizens refuse to get on their bikes despite downturn July 11, 2012 EU citizens have barely made use of their right to live and work in other countries despite ongoing economic distress and stratospheric youth unemployment, according to Eurostat data released yesterday. Out of a population of more than half a billion, just 12.8m EU citizens live in other member states – only 2.5 per cent of [...]
Airline fury as growth halted July 11, 2012 AIRLINES expressed dismay yesterday that the government could push back its consultation on increasing airport capacity until the autumn. “It looks like the government has stumbled before it has started,” said British Airways owner IAG. “While we prevaricate, other countries storm ahead. Every delay is another step backwards for Britain.” Virgin Atlantic also weighed in, [...]
JP MORGAN PLOTS STOCK OPTION CLAWBACKS July 11, 2012 JP MORGAN is expected to reveal details of millions of dollars worth of clawbacks in stock options from its top executives tomorrow. Chief executive officer Jamie Dimon, who earlier this month said clawbacks would be “likely”, will present the firm’s second quarter results, as well as confirm the extent of its trading loss which stemmed [...]
AVB: I’ll win Spurs titles but I’ve no point to prove July 11, 2012 NEW Tottenham manager Andre Villas-Boas believes the experience gained from his time at Chelsea will be crucial in the pursuit of silverware at White Hart Lane, even though he feels he need not prove a point over his sacking. Chelsea last season dismissed Villas-Boas with the club out of the title race and on the [...]
Old guard run to Terry in court as Mourinho and Cole help defence July 11, 2012 FORMER Chelsea manager Jose Mourinho and current team-mate Ashley Cole defended John Terry in court yesterday as the ex-England captain denied racially abusing QPR footballer Anton Ferdinand. Mourinho, now in charge of Real Madrid, did not appear in person on day three of the high-profile trial at Westminster Magistrates Court but submitted a sworn statement [...]
The Ashes look rosy for England July 11, 2012 TUESDAY’S win reinforced the view that England are in front of Australia. It was judgment time to see where the Australian and English sides were, with the Ashes only 12 months away, and England are miles in front. Australia brought over some of their younger players – James Pattinson, Pat Cummings, Matthew Wade – who [...]
Wiggins wails in fresh debate over doping July 11, 2012 TEAM Sky cyclist Bradley Wiggins again distanced himself from the subject of doping after yesterday setting a new British record by retaining the Tour de France’s yellow jersey for a fourth day and maintaining his lead. France’s Thomas Voeckler won the Tour’s 10th stage but Wiggins, by one minute and 53 seconds, remains the overall [...]
