Part-nationalised lender Lloyds has revealed that Chairman Sir Winfried Bischoff will retire within a year's time, a move thought to be in anticipation of the bank's potential privatisation. [Mon 07:05]
Sir Win Bischoff, the Chairman of Lloyds since September 2009, is expected to announce his resignation ahead of Thursday's shareholder meeting as the bank readies for privatisation, reports The Guardian. [Mon 06:44]
Credit checking giant Experian topped the FTSE Thursday after reporting full-year sales growth across all its global markets, particularly in Latin and North America. In the year to end-March, the company saw revenues from continuing activities rise six per cent to 4.7bn dollars, with earnings before interest and tax up seven per cent to 1.25bn dollars. [9 May '13]
The FTSE 100 jumped one per cent higher to a seven-week high on Friday afternoon with stock markets rejoicing as the US jobs report smashed forecasts in April and previous months' data was revised higher. [3 May '13]
Mining stocks were making decent gains as metals prices improved. ENRC was the standout performer on the back of reports Suleiman Kerimov, the Russian billionaire, has increased his stake in the miner. [3 May '13]
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