Morrisons boss goes down for insider trading March 3, 2015 THE FORMER group treasurer and head of tax at Morrisons has been sentenced to one year in prison for insider trading. The case, which brought by the Financial Conduct Authority (FCA), charged Paul Coyle with two counts of insider trading. Coyle was suspended from Morrisons back in January. Coyle pleaded guilty to both counts and [...]
Morrisons ex-treasurer and head of tax Paul Coyle sentenced to prison for insider trading March 3, 2015 The former group treasurer and head of tax at Morrisons has been sentenced to one year in prison for insider trading. The case, which brought by the Financial Conduct Authority (FCA), charged Paul Coyle with two counts of insider trading. Coyle was suspended from Morrisons back in January. Coyle pleaded guilty to both counts and [...]
British Land buys up Surrey Quays plots in Canada Water for £135m March 2, 2015 Developer British Land said yesterday it has bought the last of the sites for its £2bn regeneration project in Canada Water – paying £135m for Surrey Quays Leisure Park from Aviva Investors. The FTSE 100 developer has quietly amassed over 50 acres of land in Canada Water over the last five years and is spending [...]
From Greece and Natalie Bennett to the banks and London’s skyline: Here’s what got us talking this week February 27, 2015 There was a lot of talk about a dress. And quite a bit about the llama drama. But here at City A.M. Towers, we were obsessing about plenty of other things. Greece finally managed to break the stalemate over its debt, negotiating a four month extension with Germany, and ending weeks of debate about a [...]
StanChart’s new man lifts FTSE to a record level – London Report February 26, 2015 Britain’s top equity index yesterday hit a record closing high – for the second time this week – helped by a surge in the share price of the Asian-focused bank Standard Chartered. Standard Chartered advanced by 5.4 per cent as traders welcomed its appointment of a new chief executive, former JP Morgan investment bank boss [...]
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 chairman Andrew Higginson adds Warburg Pincus to CV February 22, 2015 Private equity giant Warburg Pincus has signed up new Morrisons chairman Andrew Higginson as a senior advisor for the firm, it came to light yesterday. It is thought the experienced retailer will help Warburg identify possible acquisitions – not limited to the retail sector – in a part-time role. Higginson’s relationship with Warburg dates back [...]
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 [...]