Google’s Larry Page, American Express’ Ken Chenault, Three’s David Dyson: These are the UK’s top-rated chief executives, as voted for by their employees June 10, 2015 It's a tough business, being a chief executive these days – so a little bit of love from their employees never goes amiss. Now recruitment site Glassdoor has unveiled its list of the UK's highest-rated chief execs. Alas, the top-rated guy isn't even based here… The list, which is based on approval by their employees, [...]
Britain’s trade deficit narrows but impact on growth will be limited June 9, 2015 THE UK’s trade deficit, the amount it exports minus what it imports, narrowed in April. It bodes well for the economy after the trade deficit hindered growth from January to March. But economists are warning not to get over excited due to weaker longer-term trends and the strength of sterling. The UK’s trade deficit is [...]
Easy money to last until at least 2016 as growth prospects wane June 4, 2015 LOW INTEREST rates look set to stay for the rest of the year, with the growth outlook for the UK worsening and a major international organisation urging the US not to hike rates this year. The UK economy may only grow by 2.3 per cent this year, the British Chambers of Commerce, which represents over [...]
Sports Direct hires finance chief 18 months after Bob Mellors exit June 4, 2015 SPORTS Direct yesterday named an insider as interim chief financial officer after leaving the post vacant to the concern of shareholders for over 18 months. Matt Pearson, Sports Direct’s group financial controller, who joined the retailer from EY in 2007, has been promoted to the board with immediate effect. The retailer, controlled by Newcastle United [...]
Mike Ashley’s Sports Direct hires Matt Pearson as new finance boss after 18 months… but he’s only “acting” June 4, 2015 It's taken 18 months and some serious shareholder pressure, but Sports Direct has finally appointed a new finance boss… although only on an interim basis. The Mike Ashley-owned retailer has today promoted Matt Pearson to the role of acting chief financial officer with immediate effect. He also joins the board. Pearson was group [...]
Surprise service sector stutter sinks sterling June 3, 2015 STERLING plummeted yesterday as survey figures showed a slowing in service sector growth, denting hopes of a rebound after the economy slowed at the start of the year. The pound immediately lost one per cent against the dollar, dropping to $1.5260, but staged a recovery later in the day. The survey, Markit’s services purchases managers’ [...]
City Moves for 4 June 2015 | Who’s switching jobs June 3, 2015 PwC Gareth Lewis has been appointed director in PwC’s real estate practice. He has formerly worked as a consultant at EY and the Urban Land Institute. Lewis has also been a representative at the European Public Real Estate Association and the British Property Federation. JLT Re The reinsurance broking and consultancy firm has appointed Chris [...]
City Moves for 3 June 2015 | Who’s switching jobs June 2, 2015 Fairstone Group The financial advisory business has appointed Hannah McGivern as marketing manager. She joins from Gardiner Richardson, a creative communications agency, and has also held positions at Bond Dickinson and Newcastle Science City. MSCI Antti Savilaakso has been appointed European head of environmental, social and corporate governance (ESG) research at the research-based indexes and [...]
Strong UK market lifts manufacturers amid lacklustre export sales June 1, 2015 The UK’S manufacturing sector grew at a slightly quicker rate in May, according to a survey, but its growth remains subdued due to weak demand from abroad and lower investment in the oil industry. Markit’s manufacturing purchasing managers’ index, a survey of private sector firms, ticked up to a score of 52, from April’s [...]
City Moves for 2 June 2015 | Who’s switching jobs June 1, 2015 DTZ The commercial real estate services provider has announced three appointments to its data centres team. Mark Trevor joins as senior director, Begoña Cerdan joins as a director, and Michael Hunter joins as an associate director in its London office. Lloyds Bank Andrew Charnley has been appointed regional head of the trade and working capital [...]