Articles Written by:    MELANIE STERN     

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Editor's letter: The skills to pay the bills

FDs, I was told, are dry; they love numbers, obviously; they sit in a darkened office and count the money. They do not, I was informed, come out of that office very much and they don’t really know what business does outside of a spreadsheet. I even ...

From MELANIE STERN, VNUNet.com,  19 Oct 2009
Related Topics: FTSE,  Tesco P.L.C.,  Royal Bank of Scotland

Weir FD steps up as CEO in second stab at top spot

Scotland’s iconic engineering group Weir is on the hunt for a new finance director as the FTSE-250 business has promoted its FD, Keith Cochrane, to the chief executive role. He starts on 2 November. Current chief executive Mark Selway, who has led the ...

From MELANIE STERN, VNUNet.com,  19 Oct 2009
Related Topics: FTSE,  Brian Souter,  AstraZeneca PLC

More FDs move up to CEO roles

Grainger FD Andrew Cunningham, who also serves as deputy CEO, takes up the CEO role having been acting CEO while Rupert Dickinson received treatment for ill heath. Having started his career at Deloitte Haskins and Sells in London in 1978, becoming a ...

From MELANIE STERN, VNUNet.com,  19 Oct 2009
Related Topics: Andy Duncan,  David Scott,  BBC,  Ofcom,  Tesco P.L.C.

Everything must go – welcome to the Downing Street fire sale

The government has announced plans to raise £16bn in a sale of public assets over the next two years to reduce a deficit projected to reach £175bn, earmarking the Channel rail link, a 32% stake in uranium processing company Urenco, the Thames Bridge ...

From MELANIE STERN, VNUNet.com,  19 Oct 2009
Related Topics: BBC

Profile: Kevin Hayes, Man Group FD

This is a man whose taste for a challenge has seen a business administration graduate from Wellington, New Zealand, make partner at Ernst & Young’s New York operations inside six years (aged 34) and CFO for Europe and Asia at Lehman Brothers nine years ...

From MELANIE STERN, VNUNet.com,  24 Sep 2009
Related Topics: European Commission,  FTSE

FTSE-100 gets fourth woman FD

Burberry’s promotion to the FTSE-100 on September 7 takes the count of female FDs in the index to four, as the high-fashion label’s FD Stacey Cartwright joins the likes of 3i’s Julia Wilson. Burberry had been on the FTSE reserve list of companies who ...

From MELANIE STERN, VNUNet.com,  15 Sep 2009
Related Topics: FTSE,  Whitbread,  Segro,  Thomson Reuters,  Cairn Energy

Financial Directions October Update

Frozen salaries; investor confidence up; and much more Acquisitions hit new lows Expenditure on acquisitions abroad by UK companies decreased from £3.7bn in Q1 2009 to £2.4bn in Q2, the lowest value since Q1 2004, while UK company expenditure on UK ...

From MELANIE STERN, VNUNet.com,  14 Sep 2009
Related Topics: Office for National Statistics,  FTSE

October Essential News

JJB/Sports Direct probe The Serious Fraud Office has launched an investigation into alleged cartel practices between sports retailers JJB Sports and Sports Direct, following a referral from the Office of Fair Trading. JJB Sports said it had approached ...

From MELANIE STERN, VNUNet.com,  14 Sep 2009
Related Topics: Sports Direct,  JJB Sports,  General Motors,  Magna International, Inc.,  Vauxhall

Krafty move: the US company's takeover bid has been rejected

Kraft, maker of various well-known food brands from Oreo to Dairylea, is working on sweetening terms, which it argues would protect jobs at the iconic British group, create a business with $50bn in revenues and help Cadbury make pre-tax cost savings of ...

From MELANIE STERN, VNUNet.com,  13 Sep 2009
Related Topics: Citigroup,  Deutsche Bank

Burberry's Stacey Cartwright misses out on FTSE-100 promotion

Burberry finance director Stacey Cartwright missed out on taking the high-fashion label into the FTSE-100 at the index’s quarterly reshuffle in September ­ while Rentokil’s Michael Murray, Segro’s David Sleath and Whitbread’s Christopher Rogers were ...

From MELANIE STERN, VNUNet.com,  13 Sep 2009
Related Topics: FTSE,  Whitbread,  Segro,  Cairn Energy,  Alan Brown

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