Network Rail chief executive eyes departure July 24, 2013 NETWORK Rail boss Sir David Higgins looks set to leave the company next year, to coincide with the group’s five-year funding cycle. Sir David, who has been in the post since February 2011, has flagged up his looming departure within the firm to allow for a thorough search for his replacement, a company source said. [...]
Don’t get tangled in the web July 24, 2013 Web wizard Andrew MacKay gives his top tips on how to get the most from developers if you’re thinking of taking your business online YOUR website might have been cutting edge in 2003, but with the current rate of technological change, one that’s even a few years old is the modern equivalent of a shop [...]
What the other papers say this morning – 23 July 2013 July 22, 2013 FINANCIAL TIMES Help to Buy sparks £1.3bn house sales The UK housing market has been given a sharp jolt by the government’s flagship Help to Buy scheme, subsidising an estimated £1.3bn-worth of house purchases in the past four months. Nearly 7,000 new-build homes have been reserved through the scheme since its launch in April. EU [...]
Fat Face to bulk up in the States July 22, 2013 CLOTHING brand Fat Face is aiming to crack the American market in the next two years, the firm said as it posted record annual sales. Fat Face yesterday confirmed plans to open its first store in the US and launch a dedicated website for American customers. It posted a 12 per cent rise in turnover [...]
London Report: Glaxo troubles in China weigh on the FTSE 100 July 22, 2013 BRITAIN’S blue-chip share index ended slightly lower yesterday, weighed by GlaxoSmithKline’s problems in China, but remained close to a retest of seven-week highs. Glaxo, the FTSE 100’s biggest pharmaceutical company by market capitalisation, fell 1.2 per cent and accounted for more than half the broader index’s decline after it said some staff in China appeared [...]
CRH appoints company veteran as new chief executive July 18, 2013 Building materials producer CRH has announced the appointment of Albert Manifold as its chief executive following the retirement of Myles Lee after 32 years with the group. Manifold, 50, will assume his new post on 1 January 2014. He has been a board member and chief operating officer at CRH since January 2009, and has [...]
The wait to see how Carney voted on QE July 17, 2013 The Bank of England will today release its minutes from the Monetary Policy Committee held earlier this month. The meeting was new governor Mark Carney’s first, and the minutes will show whether or not he voted to extend quantitative easing. It will also be interesting to see if managed to persuade any other members to [...]
Barclays hires finance chief from JP Morgan July 16, 2013 BARCLAYS’ group finance director Chris Lucas will step down early next year, the bank announced yesterday, the final member of Bob Diamond’s top team to quit following last year’s Libor fixing scandal. He will be replaced by Tushar Morzaria, who is currently chief finance officer in corporate and investment banking at JP Morgan. Morzaria will [...]
Michael Page sees tough job market ahead July 16, 2013 RECRUITMENT firm Michael Page posted a rise in quarterly profits in Britain yesterday but said the next three months are likely to be tough. Michael Page, which makes 40 per cent of its profits from finance and accounting, said gross profit was up 0.3 per cent in the UK. However, this was wiped out by [...]
Travel money: the benefits of credit and prepaid currency cards July 16, 2013 THE PROLIFERATION of credit, debit, and prepaid currency card deals means changing holiday money is no longer a matter of simply comparing rates along the high street. While the majority still prefer to take cash with them – 60 per cent, according to research by Halifax – debit and credit card providers widely facilitate the [...]