News in brief
Wednesday, August 13, 2003 : PermalinkGo airline boss joins MS board
BARBARA Cassani, former boss of low-cost airline Go, becomes a non-executive director of Marks Spencer in October. Cassani, pictured above, swells the ranks of women on the board to four, making it one of the best FTSE 100 companies for female representation. She earned 9.5m from the sale of Go to rival easyJet and is paid 150,000 for her part-time job chairing London’s 2012 Olympic bid committee.
HedgeFund sale
HUSBAND and wife team Iain and Suzie Jenkins sold their magazines and events company HedgeFund Intelligence to Euromoney Institutional Investor for 11m cash, plus up to 5.5m in 2005 depending on profits.
Japan ‘recovering’
JAPAN’S economy recovered surprisingly strongly to grow by 0.6pc in the three months to June, an annualised rate of 2.3pc.
Irish rumours
INDEPENDENT News Media, chaired by Tony O’Reilly, played down speculation that it wants to buy Trinity Mirror’s Northern Irish newspapers.
‘Plumber’ sell-off
PAUL Davidson known as ‘The Plumber’ sold his 29pc stake in diagnostics firm Cyprotex for 10p a share raising 2.7m. The stake went to investment group Nordan.
HSBC eyes India
HSBC is stepping up investment in India in a bid to win a bigger slice of its 9bn retail banking market.
It is also aiming to enter the rapidly growing Polish credit card market through its Household International offshoot.
MSB chief departs
RECRUITMENT firm MSB parted company with finance chief Douglas Adshead-Grant, 35, who only joined last November. But the firm said current trading was ’stable’. Shares rose 71/2p to 731/2p.
Wall Street
IN New York the Dow Jones index closed 92.71 points up at 9310.06.