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Trinity Mirror Plc

Mon, 06 Feb 2012 02:09:39 +0000

75 Jobs Lost - Merging editorial Teams - Turnover £755.4m
Trinity Mirror is to lay off nearly 20% of its national newspaper journalists as it merges the editorial teams of the Daily Mirror, the Sunday Mirror and The People with the loss of 75 jobs.

Icap PLC

Mon, 06 Feb 2012 00:38:02 +0000

Profit forecasts of £347.4m - Headcount reduction strategy - Cost Based reduced by £20m
In response to changing market conditions the company has been trimming headcount in parts of the business not doing so well and hiring in other parts of the business that are doing well. To date, it has reduced its cost base by a net £20m compared to the prior year. Michael Spencer - Chief Executive

Santander UK PLC

Fri, 03 Feb 2012 10:10:49 +0000

Profits down 40% - £538m PPI compensation costs
Banking group Santander UK Plc's profits fell 40% to £993m in the year to December 2011. The group set aside £538m to deal with compensation claims for mis-sold payment protection insurance (PPI). Excluding this provision, profits fell 6% to £1.5bn. The bank expects 2012 to be a difficult year for the banking industry.

Bezant Resources Plc

Fri, 03 Feb 2012 09:50:57 +0000

Appoints chief executive - business development strategy
Gold and copper explorer and developer Bezant Resources Plc has appointed Bernard Olivier as its new chief executive. Mr Oliver has been the company's technical director since April 2007. In his new role he will help the company maximise value from its wholly owned Eureka project in Argentina.

Jockey Club Racecourses Limited

Fri, 03 Feb 2012 09:50:28 +0000

Jockey Club Racecourses creates new position - New group director appointed
London based Jockey Club Racecourses has appointed Stephen Wallis to their new post as Group Director of International and Racing Relations. Mr Wallis previously worked at Epsom and managed the Rowley Mile and July racecourses in Newmarket, Suffolk.

MOVENPICK LIMITED

Fri, 03 Feb 2012 09:50:11 +0000

Company Expansion - New Hotels - 69 current hotels
The hotel group Movenpick plans to expand its business. It already has 69 business and leisure hotels in Europe, the Middle East, North Africa and Asia and is looking to open hotels in Ramallah and Sharm el Sheikh as well as Tunisia and Morocco. Jean Gabriel Peres is Chief Executive.

Babcock International Group PLC

Fri, 03 Feb 2012 09:35:41 +0000

£2bn new contracts - positive trading update
Defence services group Babcock International recorded strong trading in the third quarter of the 2011/12 financial year. It is benefiting from a trend for military and engineering clients to outsource work in order to reduce costs and has won preferred bidder status on £2bn of contracts since November 2011.

Prudential Property Investment Managers Ltd

Fri, 03 Feb 2012 09:32:33 +0000

New chief executive appointed - transition phase
Prudential Property Investment Managers (PRUPIM) has appointed Alex Jeffrey as its next chief executive with effect from July 2012. Mr Jeffrey will succeed Martin Moore who has been PRUPIM's managing director for 15 years. Mr Moore will become chairman of the real estate fund management business to ensure a smooth transition.

Shop Direct Group

Fri, 03 Feb 2012 09:28:18 +0000

Chief executive to retire - 9% growth in Christmas sales
Shop Direct Group's chief executive Mark Newton-Jones is leaving the company to seek new challenges. He will stay on until 2013 if necessary, in order to ensure a smooth handover to his replacement. Shop Direct's sale increased by 9% in the six weeks to 31 December 2011 helped by an increase in mobile transactions.

Apple (UK) Ltd

Fri, 03 Feb 2012 09:25:54 +0000

New senior vice president of retail appointed
Apple Inc. has hired John Browett as senior vice president of retail. He was previously CEO of Dixons Retail PLC. He replaces Ron Johnson, who held the job for 11 years before joining J.C. Penney Co. Inc. in November 2011 as the retail chains CEO. Browett will join Apple in April 2012 and oversee retail strategy and global store expansion.