Wbpl Sir Tim Barrow tells MPs Brexit negotiations will be unprecedented but everybody is prepared to get going
Sunday 19 June 2016 7:37 pmBHS lsquo tripped to the bonersquo; and unable to plug its ballooning pension deficit, evidence to MPs showsBy: Tracey BolesShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleBHS was unable to put money into its ballooning pension deficit as it was being stripped to the bone according to written evidence submitted to a joint parliamentary enquiry examining the collapse of the retailer.The minutes of meetings between the BHS pension trustees and Paul Coackley, the chief operating officer of Arcadia, show that he repeatedly refused to raise the contribution into the pension schemes beyond pound;6.5m a year, which was the amount budgeted.He said it could not ld
stanley cup becher quo;be countenanced as this would jeopardise opportunities to return the business to profitability and, in all likelihood, would result in further redundancies and job cuts.The minutes state: The trustees were reminded that the company is bei
stanley in uk ng stripped to the bone and operational needs must take precedence. Last week, Sir Philip Green, the retail tycoon who owned BHS for 15 years, told MPs that the pension trustees
stanley cup had not alerted Arcadia to the mounting pension issue.Between 2006 and 2008, the schemes suffered marked deteriorations which would clearly lead to a sharp increase in the company s future pension costs.The BHS pension s Hlwd EX-TRADER rsquo;S INSIDE JOB ON MORGAN STANLEY
Wednesday 30 May 2012 7:23 pmCape appoints new leader as woes increaseBy: KCS-contentShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare
owala tumbler on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleCAPE yesterday named a new chief executive, filling a post that has been vacant since March, in a move that comes less than a week after a shock profit warning from the resources industry services provider.The company said Joe Oatley, former chief executive of British engineering company Hamworthy, will take over as chief executive at the end of June, replacing Martin May, who stepped down unexpectedly earlier this year after six years at the helm.Oatley joined Hamworthy mdash; another provider of equipment and services to the marine, oil and gas, and industrial sectors mdash; as chief executive in 2007.He led the company through the financial crisis until it was eventually bought by Finnish ship and power plant engine maker Wartsila. The stock had shed about 29 per cent of its value since Cape issued the profit warning last week. Investec analyst Keith Morris said of Oatley: I think hersquo the
stanley thermobecher right guy, so I think itrsquo a very good catch for Cape to get somebody of Joersquo capability. The appointment comes two months after the company stunned investors and analysts by announcing Mayrsquo departure soon after Cape said the timing of the work releases on a key project ha
owala cup d been slower than anticipated.Last week th