Pace director back from sail race March 13, 2014 Set-top box maker Pace has rehired Mike Inglis as a non-executive director, a year after he stepped down to take part in the Clipper Round the World yacht race. Inglis, who served on the Pace board from 2008 to 2013, also left his post as chief commercial officer of Arm Holdings last year as he [...]
Meet the UK’s professional mermaids March 12, 2014 LinkedIn, the internet’s answer to a our hatred of networking events, has passed a notable milestone (ahem, as has the internet, “happy 25th birthday internet”). The business-friendly social network now has 15m members in the UK. That’s a relatively impressive 23 per cent of the UK. But what is perhaps more impressive, is the [...]
Barratt Developments snaps up Dixons boss March 11, 2014 Barratt Developments has announced the appointment of Dixons chairman John Allan, as a non executive director and chairman designate. Allan will join Barratt's board on 1 August, and will succeed Bob Lawson who has been chairman since 1 July 2008 following the company's AGM on 12 November. Commenting on the appointment, Bob Lawson, chairman, said: [...]
War breaks out in Co-op boardroom March 10, 2014 CO-OPERATIVE chief executive Euan Sutherland yesterday launched a furious attack on members of his own board after a suspected leak revealed details of his £3.66m pay deal. Sutherland took the unusual step of posting on social network Facebook to lash out at the “individual, or individuals” on the Co-op board who he said were determined [...]
Return to hiring across the UK boosts Walters March 3, 2014 WHITE collar recruiter Robert Walters has cheered signs of a broad bounce in the British jobs market that has helped boost its profits 30 per cent. The firm’s eponymous chief executive said the recovery in hiring after several tough years has a “rather solid nature”. “It’s not led by only one specialist area, it’s across [...]
Serco shares rocket on appointment of Aggreko chief February 28, 2014 Scandal-hit Serco has announced this morning that it’s appointed Rupert Soames, current chief executive (CEO) of Aggreko, as its new CEO. Shares have jumped over 10 per cent on the news. Source: Google Chris Hyman, the company’s last boss, left in October, following the string of fiascos concerning the electronic tagging of prisoners. Last [...]
Scottish independence is WPP’s new “grey swan” threat February 27, 2014 The “grey swans”, or known unknowns, are a regular feature of WPP’s results statements. Sir Martin Sorrell’s advertising outfit said today that most of the recent global swans are becoming whiter, as Chinese fragility and the prospects for the Middle East become less of a worry. But the Scottish referendum has made an appearance as [...]
Hays on a hiring drive as UK jobs market warms February 26, 2014 RECRUITMENT firm Hays is confident of a sustained rise in white-collar hiring in Britain this year, and is adding more staff of its own to keep up with the pace of demand. Hays said net fees in the UK and Ireland rose nine per cent to £10.1m in the last half of 2013, with almost [...]
JP Morgan cuts jobs and reduces profit target as top exec quits February 25, 2014 THE BIGGEST bank in America, JP Morgan, warned of job cuts and a reduction in profit for 2014 during an investor conference yesterday. Shares in the company were down 1.72 per cent at market close after the news. Around 8,000 jobs are expected to go at the bank, the majority from its mortgage division where 17,000 [...]
7 UK retail bosses that have quit unexpectedly February 24, 2014 Mothercare’s future on the UK high street looked promising when Simon Calver, the former head of online movie rental service Lovefilm, was appointed by chairman Alan Parker two years ago to lead its turnaround efforts. The board banked on his online experience to overhaul its estate and turn the chain into a multi-channel retailer. But [...]