30 Nov 2015 07:46
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Don't have an account? Click here to register.Ladbrokes CFO Ian Bull to step down in February 2016
Wed, 16th Sep 2015 07:36
(ShareCast News) - Ladbrokes' chief financial officer, Ian Bull, is leaving the company ahead of its merger with Gala Coral.Ladbrokes said Bull, who joined the business as CFO in July 2011, has agreed to stay on until the announcement of the 2015 full-year results scheduled for the end of February.If Ladbrokes' planned merger with the Coral Group completes before this date, it has been agreed that Bull would leave shortly after completion and if the merger completes after this date then the board will put in place appropriate arrangements.Chairman Peter Erskine said: "At the time of announcement of the proposed merger with Coral, we announced that Ian would be stepping down as Ladbrokes CFO and Ian has recently informed the board that he wished to leave Ladbrokes on completion of the annual accounts, in order to pursue other potential opportunities. "In accepting his request we are pleased that Ian has reiterated his commitment to delivering our organic strategy and in leading the current refinancing of the group in preparation for the proposed merger. I am delighted that we will continue to benefit from Ian's energy and experience during this important time."
More News
24 Nov 2015 15:28
UPDATE 1-Desmond fights on after Ladbrokes shareholders back Gala Coral deal
(Adds further Desmond comments, board response, shares) By Paul Sandle LONDON, Nov 24 (Reuters) - Shareholders in British bookmaker Ladbrokes strongly backed its planned merger with rival Gala Coral on Tuesday but rebel investor Dermot Desmond vowed to fight on. Ladbrokes agreed
Read more24 Nov 2015 13:10
Ladbrokes shareholders overwhelmingly back Gala Coral takeover
LONDON, Nov 24 (Reuters) - Shareholders in bookmaker Ladbrokes backed its 2.3 billion pound ($3.5 billion) tie-up with Gala Coral, a deal it hopes will give it the clout to make a bigger splash online where it has been outgunned by rivals. The holders of 96 percent of Ladbrokes shares voted
Read more19 Nov 2015 16:22
19 Nov 2015 10:49
Ladbrokes resolute on Coral deal after criticism from shareholder Desmond
LONDON, Nov 19 (Reuters) - British bookmaker Ladbrokes said the rationale for its proposed acquisition of rival Gala Coral was "compelling" in response to opposition from Irish billionaire shareholder Dermot Desmond. The two companies agreed an all-share merger in July to create a 2.3 bill
Read more18 Nov 2015 14:35
Irish billionaire Desmond urges Ladbrokes shareholders to reject Coral merger
DUBLIN, Nov 18 (Reuters) - Irish billionaire Dermot Desmond has written to fellow shareholders in British bookmaker Ladbrokes to urge them to reject a proposed merger with rival Gala Coral at a shareholders meeting next Tuesday. The two bookmakers agreed an all-share merger in July, creatin
Read more5 Nov 2015 16:31
27 Oct 2015 07:01
Tuesday newspaper round-up: Tax credits, Equiniti, Equity release
(ShareCast News) - George Osborne vowed last night to rein in the power of the Lords after he suffered a humiliating defeat over his plan to cut tax credits by £4bn. The chancellor said that the unprecedented vote, which left his budget policy in limbo, raised constitutional issues about unelected p
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