Warren East, the newly-appointed boss of engine maker Rolls-Royce, is to step down from his position on BT's board after just 14 months, the telecoms group announced. East, the former ARM chief executive officer (CEO) who was unveiled as John Rishton's replacement at Rolls-Royce on Wednesday, joined
Read moreEngine maker Rolls-Royce topped the risers after chief executive John Rishton announced plans to retire this summer. He will be succeeded by former ARM Holdings boss Warren East. UK timber and builders merchant Travis Perkins also gained after saying group sales were up 7.2% in the first quarter des
Read moreFollowing a temporary foray into positive territory, UK stocks were firmly lower by Wednesday lunchtime as supermarket giant Tesco erased earlier gains after reporting an eye-watering £6.4bn annual loss. London's FTSE 100 was down 0.66% at 7,016.59 by midday, pulling back quickly after a brief stint
Read moreRecord annual losses from Tesco were widely attacked by financial analysts and City traders but there was optimism that the results showed several hints of a turnaround. Deutsche Bank took an optimistic view: "While there are arguably a few more downward pressures than upward pressures, we don't exp
Read moreBT Group was dialling the right numbers with investors on Wednesday after Nomura lifted its target price on the stock from 520p to 550p and kept a 'buy' rating. The broker said that the telecoms group has a "structurally robust platform for growth" now it has acquired mobile network EE. "Following
Read moreThe Chancellor has promised a "revolution" in home ownership if the Conservatives win the general election, the Sunday Telegraph reported. George Osborne said he wanted to help more than a million people buy a first home. He proposed expanding the existing Help to Buy programme, in which the Governm
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