Bank of Cyprus weighing float May 29, 2014 THE FORMER boss of Royal Bank of Scotland’s investment banking arm, John Hourican, is reported to be considering a London float for the Bank of Cyprus Group, of which he is chief executive. The float, if it goes ahead, is unlikely to happen for at least 12 months, according to Sky News reports. In March [...]
British Gas boss Weston hired as Aggreko chief May 29, 2014 CENTRICA yesterday confirmed that the head of its supply arm British Gas will be leaving to join Aggreko, meaning that it now has to find replacements for its top three executives. The FTSE 100-listed energy giant said that Chris Weston has tendered his resignation to become chief executive of Aggreko, the temporary power provider, subject [...]
Froome hits out at UCI for risking reputations with lack of testing May 29, 2014 TOUR de France champion Chris Froome has accused cycling’s governing body of compromising riders’ integrity by failing to conduct a sufficient number of out-of-competition drugs tests. Cyclists have tried desperately to rebuild the sport’s reputation since the extent of American Lance Armstrong’s doping came to light in recent years and Froome is unhappy not to [...]
Centrica set for major shakeup May 28, 2014 BRITISH Gas managing director Chris Weston is to step down this week, and is now reportedly in advanced talks to take over as chief executive of Aggreko. The move would indicate that a major reorganisation is in the offing at Centrica, the parent company of British Gas. Chief executive Sam Laidlaw is also said to [...]
Days of future present May 28, 2014 The future is here and it’s slightly terrifying. We present some soon-to-be-released technologies straight out of science fiction. Swallowable sensors Whatever the future holds, we’re going to be seeing a lot more sensors; sensors in clothes, sensors in flower-beds and even swallowable sensors, which US company Proteus Digital Health is preparing to trial in the [...]
Accounts boost for Nationwide May 27, 2014 NATIONWIDE is set to announce a 15 per cent rise in new accounts being opened in its annual results today, according to reports from Sky News. The building society looks to have gained more than 420,000 new current accounts last year compared to 365,000 in the previous financial year, despite the effect of a new [...]
London Report: Strong Arm gains and IHG takeover rumours lift FTSE May 27, 2014 THE UK’S main equity index climbed yesterday, lifted by gains in chip designer Arm and InterContinental Hotels Group (IHG), which pushed the market back to within reach of its record high. The blue-chip FTSE 100 index closed up 29.19 points, or 0.4 per cent, at 6,844.94 points. Arm was the best-performing FTSE stock in percentage [...]
TSB plans to offer bonus shares to long-term investors May 27, 2014 NEW HIGH street bank TSB is expected to try to attract more long-term investors by offering a bonus for those shareholders who stick with the business. The lender is being sold off by Lloyds, and the details of the stock market flotation could be announced as soon as today. It wants the initial public offering [...]
RBS mobile banking hit by IT flaw May 23, 2014 Some of Britain's biggest banks have been suffering from an IT fault that affected mobile banking customers across the country. Both RBS and Natwest encountered problems with their mobile banking services, with the trouble starting around 8:30am and continuing through till 2pm. Speaking to Sky News, a spokesman for RBS Group said: We are aware [...]
BlackRock calls for Pfizer talks May 22, 2014 ASTRAZENECA’S biggest shareholder BlackRock is urging management to re-engage with Pfizer over a potential takeover once a three-month hiatus on the two sides discussing a deal is lifted. The fund manager is understood to have asked the UK drug giant to engage with its US rival. While backing the decision to refuse a £55-per-share offer [...]