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Pin to quick picksAdmiral Share News (ADM)

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EXECUTIVE CHANGES: Marlowe Poaches From Fullers; RM Promotes To CEO

Fri, 26th Feb 2021 17:14

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Thursday and Friday and not separately reported by Alliance News:

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Marlowe PLC - London-based safety and compliance services and software - Hires Adam Councell as chief financial officer. Councell is finance director of pub and hotel chain Fuller, Smith & Turner PLC. Fullers says that Councell will stay on the board as finance director until a successor has been found and that a search is underway. Marlowe says Councell will join in the second half of its 2022 financial year, meaning October 2021 to March 2022. Councell was CFO at document management company Restore PLC, where he worked with Marlowe Chief Executive Alex Dacre. Prior to that, he was with pest control firm Rentokil Initial PLC. At Marlowe, Councell will replace Mark Adams, who is retiring.

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RM PLC - Abingdon, England-based provider of technology and resources to education sector - Promotes CFO Neil Martin to CEO, replacing David Brooks from Monday. Martin has been RM's CFO for five years. Mark Berry, who was CFO of estate agent Foxtons PLC, will join as interim CFO early next month until a permanent successor is found.

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Danakali Ltd - developing Colluli sulphate of potash project in Eritrea - Non-Executive Chair Seamus Cornelius moves to executive chair, as the role of CEO Niels Wage is made redundant and board members take a 33% cut in fees. Danakali says the board size will be reduced at its annual general meeting in the second quarter. Cites the "ongoing serious disruption to international travel caused by the Covid-19 pandemic", saying the changes will reduce operating costs.

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Universe Group PLC - Southampton, Hampshire-based retail management, payment and loyalty systems - CEO Jeremy Lewis will leave on April 30 "to pursue other opportunities outside of the public markets", after seven years with Universe. Says in discussions for a successor. Non-Executive Chair Andrew Blazye moves to executive chair, effective immediately, while Ivan Brooks takes on the new position of chief operations officer on an interim basis.

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Schroder UK Public Private Trust PLC - formerly Woodford Patient Capital Trust, invests in both listed and private UK companies - Hires Tim Edwards as an independent non-executive director, effective immediately, with the intention that he will replace retiring Susan Searle as chair at the next annual general meeting. Edwards is a chartered accountant who is an independent non-executive director of currency manager Record PLC, among other roles.

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Tissue Regenix Group PLC - Leeds-based medical devices for regenerative medicine - Confirms Interim Non-Executive Chair Jonathan Glenn as permanent chair, effective immediately. Glenn joined Tissue Regenix at the start of 2016 and was made interim chair back in March of last year.

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Arix Bioscience PLC - venture capital investment in biotech firms - Hires James Noble and Axel Wieandt as non-executive directors, starting April 1. Noble is lead independent director of former London-listing GW Pharmaceuticals, chair of Stockholm-listed Orexo AG, and a director of Nasdaq-listed Adaptimmune Therapeutics PLC, where he previously was CEO. Wieandt worked at Morgan Stanley and then Deutsche Bank AG, where he was head of Corporate Development and global head of Corporate Investments. He also was CEO of Hypo Real Estate. Meanwhile, Mark Breuer steps down from the Arix board on April 1, and Arix promotes Giles Kerr to senior independent director, effective immediately.

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Emis Group PLC - healthcare software - Hires Jayaprakasa Rangaswami as independent non-executive director, starting on Monday. Rangaswami is currently a non-executive director of publisher Daily Mail & General Trust PLC and insurer Admiral Group PLC. As an executive, he was chief data officer and head of innovation at Deutsche Bank AG.

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Zambeef Products PLC - Lusaka, Zambia-based beef producer - David Osborne steps down as director on Sunday following his retirement from shareholder CDC Group PLC.

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By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
8 Mar 2023 09:12

TOP NEWS: Admiral profit falls in 2022 amid higher claims costs

(Alliance News) - Admiral Group PLC on Wednesday reported a much lower profit for 2022 than for 2021, citing higher claims costs due to high inflation, amid high energy costs due to Russia's war in Ukraine.

Read more
8 Mar 2023 09:01

LONDON MARKET OPEN: Stocks slide as higher US interest rates priced in

(Alliance News) - Stock prices in London opened in the red on Wednesday morning, after comments by US Federal Reserve Chair Jerome Powell put a larger 50-basis-point interest hike at the US central bank's next meeting in March firmly on the radar.

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8 Mar 2023 07:59

LONDON BRIEFING: UK insurers report mixed results and change chairs

(Alliance News) - Stocks in London are set to open lower on Wednesday, as markets saw any prospect of a dovish pivot from the US Federal Reserve dashed on Tuesday after its chair said rates would likely remain high.

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8 Mar 2023 07:52

Admiral cuts dividend as FY profits miss expectations

(Sharecast News) - Admiral cut its full-year dividend on Wednesday as profits fell in a "challenging" market, with the insurer hit by rising claims and costs.

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3 Mar 2023 09:34

Citi downgrades Admiral to 'neutral', reiterates 'sell' on Direct Line

(Sharecast News) - Citi downgraded its stance on Admiral on Friday and reiterated its 'sell' rating on Direct Line as it turned more cautious on UK motor insurance.

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3 Mar 2023 09:13

LONDON BROKER RATINGS: Citigroup cuts Admiral; Jefferies likes PPHE

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Monday:

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1 Mar 2023 15:57

UK earnings, trading statements calendar - next 7 days

Thursday 2 March 
Alfa Financial Software Holdings PLCFull Year Results
Apax Global Alpha LtdFull Year Results
Beazley PLCFull Year Results
Brooks Macdonald Group PLCHalf Year Results
Cairn Homes PLCFull Year Results
Capita PLCFull Year Results
Capital & Regional PLCFull Year Results
Coats Group PLCFull Year Results
CRH PLCFull Year Results
Flutter Entertainment PLCFull Year Results
Funding Circle Holdings PLCFull Year Results
Grafton Group PLCFull Year Results
Haleon PLCFull Year Results
Hunting PLCFull Year Results
ITV PLCFull Year Results
London Stock Exchange Group PLCFull Year Results
Melrose Industries PLCFull Year Results
Metro Bank PLCFull Year Results
National Express Group PLCFull Year Results
Pantheon Infrastructure PLCFull Year Results
PPHE Hotel Group LtdFull Year Results
Schroder AsiaPacific Fund PLCFull Year Results
Schroders PLCFull Year Results
Spire Healthcare Group PLCFull Year Results
Taylor Wimpey PLCFull Year Results
Tritax Big Box REIT PLCFull Year Results
Tyman PLCFull Year Results
Vesuvius PLCFull Year Results
Friday 3 March 
Avation PLCHalf Year Results
Faron Pharmaceuticals LtdFull Year Results
IMI PLCFull Year Results
Pacific Horizon Investment Trust PLCHalf Year Results
Pearson PLCFull Year Results
Rightmove PLCFull Year Results
Monday 6 March 
Amte Power PLCHalf Year Results
BATM Advanced Communications LtdFull Year Results
Craneware PLCHalf Year Results
Murray International Trust PLCFull Year Results (TBC)
Seeing Machines LtdHalf Year Results
Tuesday 7 March 
Ashtead Group PLCQ3 Results
Bank of Ireland Group PLCFull Year Results
Dotdigital Group PLCHalf Year Results
Elementis PLCFull Year Results
Ferguson PLC Half Year Results
Foxtons Group PLCFull Year Results
Fresnillo PLCFull Year Results
Greggs PLCFull Year Results
IWG PLCFull Year Results
Johnson Service Group PLCFull Year Results
Just Group PLCFull Year Results
Keller Group PLCFull Year Results
Origin Enterprises PLCHalf Year Results
Reach PLCFull Year Results
Revolution Bars Group PLCHalf Year Results
STV Group PLCFull Year Results
Tremor International LtdFull Year Results
Wednesday 8 March 
Admiral Group PLCFull Year Results
Bakkavor Group PLCFull Year Results
Breedon Group PLCFull Year Results
CLS Holdings PLCFull Year Results
Darktrace PLCHalf Year Results
Galliford Try Holdings PLCHalf Year Results
Headlam Group PLCFull Year Results
Hill & Smith PLCFull Year Results
Hiscox LtdFull Year Results
Ibstock PLCFull Year Results
IP Group PLCFull Year Results
Legal & General Group PLCFull Year Results
musicMagpie PLCFull Year Results
Netcall PLCHalf Year Results
Quilter PLCFull Year Results
Restaurant Group PLCFull Year Results
SIG PLCFull Year Results
Somero Enterprises IncFull Year Results
Spirent Communications PLCFull Year Results
TClarke PLCFull Year Results
TT Electronics PLCFull Year Results
Tullow Oil PLCFull Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

Read more
3 Feb 2023 07:12

UK Q4 average motor insurance costs rise 8% - ABI

(Sharecast News) - Britons paid 8% more for motor insurance over the last three months of 2022, the Association of British Insurers (ABI) said on Friday.

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31 Jan 2023 15:30

Admiral appoints Mike Rogers as new chair

(Sharecast News) - Admiral said on Tuesday that it has appointed former LV= chief executive Mike Rogers as a non-executive director and chair.

Read more
31 Jan 2023 15:17

TOP NEWS: Experian chair and ex-LV= CEO Rogers to be chair of Admiral

(Alliance News) - Insurer Admiral Group PLC on Tuesday said it has appointed the chair of Experian PLC, Mike Rogers, as its own new board chair, subject to shareholder approval at the Admiral annual general meeting on April 27.

Read more
12 Jan 2023 09:40

LONDON BROKER RATINGS: UBS cuts Beazley; Berenberg likes Rio and BHP

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

Read more
11 Jan 2023 17:17

European shares rise on bets of easing rate hikes; Direct Line plunges

LVMH up after management reshuffle

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Read more
11 Jan 2023 17:05

FTSE 100 surges to over 4-year high; insurance stocks tumble

Direct Line and peer Admiral slide

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11 Jan 2023 12:13

LONDON MARKET MIDDAY: Europe buoyant amid hope US inflation has peaked

(Alliance News) - The FTSE 100 in London hit another multi-year high on Wednesday, as investors grew increasingly confident on the day before of a key US inflation reading.

Read more
11 Jan 2023 10:46

British motor insurers slide as Direct Line axes dividend

LONDON, Jan 11 (Reuters) - Shares in Direct Line lost more than a quarter of their value on Wednesday after the British motor and home insurer unexpectedly scrapped its 2022 final dividend, with stocks in rivals Admiral and Aviva also falling sharply.

Read more

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