STANDARD CHARTERED CHIEF EXEC BECOMES CHAIRMAN

Standard Chartered chief executive Mervyn Davies is to step up as non-executive chairman of the group and will be replaced as chief executive by 44-year-old finance director Peter Sands.
The appointment of a chief executive to the role of chairman of a FTSE 100 company is in contravention of the Combined Code on Corporate… More
Last Updated: 2006-11-21 00:14:43

YAHOO TO TEAM WITH OVER 150 NEWSPAPERS

Yahoo Inc. has agreed to help more than 150 newspapers mine the Internet for additional advertising revenue in an alliance of recently beleaguered businesses.
Under the deal announced Monday, seven companies that collectively publish daily papers in 38 states are betting Yahoo's technological prowess and huge Internet… More
Last Updated: 2006-11-21 00:13:41

BRITONS CLAIM A PLACE IN THE SUN

Second homes abroad have trebled in a decade BRITONS’ passion for a bolt-hole abroad has seen the number of overseas properties owned by UK homeowners treble in the past decade.
The value of foreign homes has also surged, hitting £71 billion in 2005, up from £29 billion in 1997.
The number of foreign… More
Last Updated: 2006-11-19 07:19:40

NATIONWIDE MAY JOIN MOVE TO END FREE BANKING

Nationwide, the UK's largest building society, conceded yesterday that it could not rule out introducing monthly charges to its current accounts, claiming it could not afford to be left with the "poorest quality customers" if other banks shut them out.
The chief executive, Philip Williamson, stressed that… More
Last Updated: 2006-11-19 07:18:35

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