NORTHERN Rock’s former finance director David Jones yesterday became the third senior executive at the failed bank to be fined and banned by the City watchdog for his part in misreporting mortgage arrears figures.
STRONG demand for smart-phones, netbooks and tablet computers helped microchip designer ARM Holdings to log on to record profits in the second three months of the year.
ANNUAL profits at PZ Cussons frothed up by more than a fifth as the soap and shampoo maker voiced confidence about trading despite tough markets in Britain and Greece.
THE wheels fell off sales at car parts and bike retailer Halfords after it took a hit from May’s general election, June’s emergency budget and the football World Cup.
OIL giant BP threw the kitchen sink alongside the mud, old golf balls and other junk it has used in its various attempts to tackle the Gulf of Mexico oil spill.
BP YESTERDAY put $30billion (£19billion) of assets up for sale over the next 18 months as it moved to draw a line under the Gulf of Mexico oil spill and start life as a “very -different” company.
PHARMACY group Alliance Boots is targeting expansion in Middle East and Africa after taking control of one of Turkey’s biggest pharmaceutical wholesalers.
BP is today expected to announce American troubleshooter Bob -Dudley as its first ever non-British chief executive as the oil giant seeks to restore its battered reputation in the United States.
THERE IS a lot of City sympathy for the outgoing BP chief executive Tony Hayward. Until April 20, the day of the disastrous Gulf of Mexico oil spill, he had driven a restructuring of the business that had turned in impressive results, both operationally and financially.
THE chief executive and chairman of UK Coal, Jon Lloyd and David Jones, are leaving as part of a shake-up that will split the group into two.