Tesco is losing directors Jacqueline Tammenoms Bakker and Olivia Garfield – meaning it has just one female board member February 26, 2015 Two of Tesco's three female board members are leaving the troubled supermarket this week. Jacqueline Tammenoms Bakker, who has been a director for six years, will retire at the end of Tesco's financial year, which is on Saturday. Olivia Garfield is stepping down at the same time, after nearly two years at the grocer [...]
Former Tesco exec takes over as boss of Morrisons supermarkets February 25, 2015 MORRISONS has named former Tesco executive David Potts as its new chief executive, completing the recruitment of a triumvirate of ex-Tesco men to restore growth at the UK’s fourth-largest supermarket. Potts was Tesco’s longest serving director after beginning his career as a shelf stacker in 1973 and rising to become head of its Asian business. [...]
After the record high FTSE falls on Weir warning – London Report February 25, 2015 THE FTSE 100 yesterday retreated from the previous session’s record high, with engineer Weir Group leading the market lower after warning about a significant drop in its revenue in the current year. The blue chip index closed down 14.25 points, or 0.2 per cent at 6,935.38 points after setting a new record high of 6,958.89 [...]
Morrisons share price edges up as it names former Tesco man David Potts as chief exec February 25, 2015 Shares in embattled supermarket Morrisons opened one per cent higher this morning, after it named its new chief executive: former Tesco Asia boss David Potts. The supermarket launched its search for new boss in January, after chief executive Dalton Philips announced his departure. The appointment is part of a fresh start for the company: chairman Andrew [...]
Morrisons’ hunt for a new chief moves closer to check-out with ex-Tesco boss David Potts in pole position February 22, 2015 Morrisons is close to announcing the appointment of a new chief executive, with former Tesco executive David Potts said to be in pole position for the job. The Bradford-based supermarket group is expected to make an announcement within weeks after last month ousting Dalton Philips, who failed to revive its fortunes. Potts was Tesco’s longest [...]
Monsoon Chief Executive John Browett quits February 18, 2015 MONSOON chief executive John Browett has quit after less than two years in the job. The former Dixons Retail boss has had an eventful few years after leaving the electricals giant in 2012 to join Apple where he was abruptly forced out six months later. Sources said Browett – once a high-flyer at Tesco – [...]
FTSE stalls on route to record high after Greek talks falter – London Report February 18, 2015 After touching a 15-year peak yesterday morning, the FTSE 100 ended the trading day unchanged. London’s blue-chip index hit 6,921.3 at one point, but then fell back to close at 6,898.08 – just 0.05 points down on the previous day. The index’s record closing high of 6,930.2 was reached in December 1999, while the record [...]
Former Apple boss quits role at Monsoon after two years February 18, 2015 Monsoon chief executive John Browett has quit after two years in the job to pursue other opportunities. The former boss Dixons Retail has had an eventful few years after leaving the electricals giant in 2012 to join Apple as head of retail. However, his stay at Apple’s US headquarters was short-lived and he [...]
Tesco investors non-plussed by John Allan as chairman – he’s no Archie Norman say analysts February 18, 2015 Something to tick off Dave Lewis’ Tesco recovery to-do list: – appointing a new chairman. The milestone was finally passed after a near four-month search with the naming of Dixons Carphone’s John Allan as Richard Broadbent’s successor. What’s that done to Tesco shares? Not much. They edged up slightly in early trading and are [...]
Tesco hopes Allan is the key to resolving its lingering problems February 17, 2015 John Allan turned around Dixons, but can he now reboot Tesco? ONE sat on the board of high street electricals giant Dixons Carphone while the other has already led a successful turnaround of supermarket Asda. Both Archie Norman and John Allan were considered strong contenders for the chairman role at Tesco, but last night the [...]