City Moves for 14 August 2014 | Who’s switching jobs August 13, 2014 Now: Pensions Jamie Warren has been appointed head of legal at the independent multi-employer trust. He joins from Capgemini, where he was senior legal counsel. He has also worked as a senior solicitor at Esure Insurance, having qualified at law firm Nabarro. Liberum The investment bank has appointed Anna Hartropp to its banking team. Hartropp [...]
Karren Brady among 22 new peers as David Cameron fields accusations of cronyism August 8, 2014 West Ham vice-chairman Karren Brady is among 22 new peers announced by the government today. The former Apprentice TV show judge is one of 12 new Tory peers, along with former chief executive of Marks and Spencer Sir Stuart Rose. Three new Labour peers, six from the Liberal Democrats and a Democratic Unionist [...]
SSP share price rises as travel giant delivers jump in sales following IPO August 8, 2014 Food concessions giant SSP posted a 3.5 per cent rise in quarterly sales yesterday in its first set of results since floating last month. The group, which owns Upper Crust and also runs travel outlets for retailers such as Marks & Spencer and Starbucks, said like-for-like sales rose by 3.3 per cent in the three [...]
Rio Tinto chair Du Plessis to join SABMiller August 6, 2014 RIO TINTO’S chairman Jan du Plessis is set to take up the same role at brewing giant SABMiller next year, sparking criticism that he will not have time to fulfil his duties at the helm of both FTSE 100 firms. The mining giant said yesterday that Du Plessis would join the board of SABMiller from [...]
Bank of England’s top insurance official quits to join the Prudential August 6, 2014 TOP INSURANCE regulator Julian Adams yesterday quit his job at the Bank of England to join the private sector. The executive director for insurance supervision is joining Prudential as group regulatory director. He takes up the job in early 2015, after a cooling-off period. Adams’ departure comes just two days after Spencer Dale, the Bank’s head of [...]
Bank of England’s Spencer Dale heads to BP after 25-year stint August 4, 2014 The Bank of England announced yesterday that Spencer Dale, the Bank’s financial stability chief and former chief economist, will step down from the central bank after a quarter of a century to become chief economist at oil giant BP. Dale, who has worked at the Bank in a variety of roles since finishing university in [...]
Next profits to speed ahead of M&S yet again July 29, 2014 CLOTHING chain Next yesterday hiked its full-year profit forecasts for the second time in three months after another strong quarter, placing it further in the lead against rival Marks & Spencer. The retailer, which has 700 stores in the UK and overseas, raised its pre-tax profit guidance for this year by £25m to between £775m [...]
Shapland is named Poundland chair in retail merry-go-round July 29, 2014 Poundland yesterday named Darren Shapland as its new chairman after losing its current boss to the troubled supermarket Morrisons in the latest round of retail musical chairs. Shapland joined the bargain chain’s board as a senior independent director ahead of its £750m float in March after a brief stint as chief executive of the flooring [...]
City Moves for 30 July 2014 | Who’s switching jobs July 29, 2014 Anthology David Clark has been appointed chief financial officer at the property developer, backed by Oaktree Capital Management. He joins from Mount Anvil, the specialist residential property developer, where he was group finance director. CityJet Patrick Lukan has been appointed chief commercial officer at the airline. He joins from Carlson Wagonlit Travel, where he was [...]
Tesco to splash £11m on Dave Lewis and Philip Clarke rescue operation July 21, 2014 Tesco will spend more than £1.8m on its new chief executive Dave Lewis but up to £9.6m on departing boss Philip Clarke as the supermarket puts its faith in the industry outsider to turn its sales around. Clarke’s shock departure and his replacement with Unilever’s president of personal care, who will start in October, comes [...]