What the other papers say this morning – 20 May 2014 May 19, 2014 FINANCIAL TIMES EU banks face debt sale clampdown European regulators are seeking to clamp down on the sale of debt by banks to their own retail customers, amid fears savers do not realise the risks posed by such assets. The European Banking Authority is concerned about the sale of bank debt that could be bailed [...]
Former telecoms finance boss moves to StanChart May 19, 2014 STANDARD Chartered announced yesterday that former Vodafone chief financial officer (CFO) Andy Halford is set to become group finance director at the bank. Halford steps into Richard Meddings’ place at the end of June – the former finance boss announced that he was leaving in January, when the reorganisation of the wholesale and consumer banking [...]
Amanda James joins FTSE female top execs after Next promotion May 19, 2014 NEXT has promoted the finance boss of its retail division Amanda James to group finance director after announcing yesterday that David Keens is to stand down. Keens, who has held the post for 23 years and who has been at Next for 28 years overall, will retire from the group shortly after its full-year results [...]
Ben Reid checks out of Co-op Group after vote for reforms May 19, 2014 VETERAN Co-op Group board member Ben Reid announced his resignation yesterday, leaving the firm after a turbulent year and 14 years on the board in total. The Co-op offered no comment on the move other than that Reid was stepping down, but people familiar with the situation suggested that Reid’s departure had long been on [...]
Ex-boss of the stock exchange to join Vodafone board as non-exec May 19, 2014 FORMER London Stock Exchange (LSE) chief executive Dame Clara Furse has been snapped up by Vodafone, and will take a non-executive position on its board. The firm announced yesterday that Furse, who headed up the LSE for eight years, will also become a member of Vodafone’s audit and risk committee. The appointments begin in September this [...]
Banks set to get report cards on their reputation May 19, 2014 BRITAIN’S banks are set to establish a new independent watchdog that will publish yearly updates on how much the public trusts them. Sir Richard Lambert, in his latest report on restoring public faith in the industry, yesterday called on all banks to sign up to his proposed Banking Standards Review Council. The six retail banks [...]
Saga customers get float off to a healthy start May 19, 2014 SAGA customers have subscribed for enough shares in the insurance to holidays group to cover the £500m of new money it hopes to raise in its upcoming flotation. Books for the retail element of the deal do not close until tonight but already bankers have been reporting healthy interest. Institutional investors will be able to [...]
UK businesses uneasy about future of Europe May 19, 2014 BUSINESSES in the UK are growing increasingly wary of the Prime Minister’s strategy on European renegotiation, new research has found. According to a survey from the British Chambers of Commerce (BCC), 54 per cent of businesses said they would back David Cameron’s plan to reform the relationship between the UK and the EU. But 19 [...]
Cameron and Miliband neck and neck as polls call wins for both May 19, 2014 ONE YEAR ahead of the next general election in 2015 Labour and the Conservatives are neck and neck in the opinion polls, according to research out yesterday. Two new surveys called different parties as likely to win if the election were held tomorrow, piling pressure on both to step up their campaigns in order to win [...]
Nothing is more British than our imperfect Europe, says Clegg May 19, 2014 DEPUTY Prime Minister Nick Clegg will give a rousing speech today on Europe, telling an audience at Oxford University that the EU election vote on Thursday is a “debate of the heart, not just the head. A vital debate, in the end, about who we are.” In his address to the European Studies Centre the [...]
