The number of women on FTSE 100 boards has almost doubled in the last four years March 25, 2015 Gender diversity on the FTSE 100 has taken a big jump towards reaching government targets, and has almost doubled in four years. The annual report by Lord Davies of Abersoch shows that companies are making efforts to meet the government’s target of 25 per cent, with the total now at 23.5 per cent. That's an [...]
Women are on board in the FTSE 100, but job is not finished March 24, 2015 The number of women on FTSE 100 firms’ boards has almost doubled over the past four years, a government report released today will show. However, there is still scepticism over whether firms are boosting their numbers by bringing in female non-executive members, instead of promoting women into executive roles through their internal structures. The report, [...]
Mentoring critical to having more FTSE female board members, say women on boards March 24, 2015 As a government report points to a more than doubling of women on FTSE boards, three women give the lowdown on life in the boardroom, and how more women can get there. Anne Richards Anne Richards had “wandered through life not really worrying about the gender mix of a board”. However, the chief investment officer [...]
AA plans to raise £200m through share placing March 24, 2015 Roadside recovery business the AA is preparing to raise £200m through a share placing, as part of a refinancing plan aimed at reducing its debt of £2.7bn. The company will also refinance £735m of its senior debt facilities, in plans that could be announced today. Investors who have been approached about the placing are thought [...]
Direct Line CEO gets £2m raise March 24, 2015 Insurance boss Paul Geddes has been granted a pay rise of more than £2m – up from £2.54m in 2013 to £4.62m last year. The Direct Line Group (DLG) chief executive’s pay was revealed in the company’s final results yesterday, which showed pre-tax profits jumped by 12.2 per cent from £407.3m to £456.8m in 2014. [...]
Dark pools set for probe from City watchdog March 24, 2015 Private trading venues called dark pools face a probe from the Financial Conduct Authority (FCA), as the City watchdog wants to investigate potential conflicts of interest. The FCA’s business plan for the year ahead yesterday set out a range of probes across financial services. “We have been considering the risks around dark pools and will [...]
Wall St drops on dollar fears – New York Report March 24, 2015 US stocks fell for a second session yesterday, with equities keeping a tight range that corresponded with currency fluctuations as traders focused on the dollar’s strength and its possible effect on corporate earnings. The Dow Jones industrial average fell 104.9 points, or 0.58 per cent, to 18,011.14, the S&P 500 lost 12.92 points, or 0.61 [...]
HSBC to move 1,000 jobs from Canary Wharf to Birmingham March 24, 2015 HSBC will move 1,000 jobs from its Canary Wharf headquarters to Birmingham from 2017, the bank said today. In a statement today, it added that the jobs will be head office roles at its ring-fenced bank. Under rules due to be set out by the Prudential Regulation Authority (PRA), banks must separate their "core" retail [...]
Five Morrisons execs leave as Potts swings axe March 24, 2015 Five members of Morrisons' management team are on the way out, after new boss David Potts swung his axe. Group customer marketing and digital director Nick Collard, group retail director Martyn Fletcher, group property and strategy director Gordon Mowat, group logistics director Neal Austin and convenience managing director Nigel Robertson are all leaving. "I will [...]
888 Holdings share price jumps as it announces one-off dividend after “record” year March 24, 2015 Investing may be a gamble, but this morning 888 Holdings shareholders won big after the online gaming group recommended a special dividend of 7 cents per share, on top of a final dividend of 4.5 cents per share. The news sent shares up 4.75 per cent at 160p as the market opened. The company said [...]
