Pearson chief executive Marjorie Scardino to step down.
Tesco profits fall for first time in almost 20 years.
West Coast franchise award scrapped, much to Virgin’s joy.
Evelyn Webster, executive vice president of Time Inc’s lifestyle group, has denied long-running speculation that the company is considering the sale of the UK magazine unit, which houses titles such as NME, Marie Claire and Look, confirming “IPC is not being sold”.
Clear Channel Outdoor has partnered with Movember, the moustache-growing charity event that runs in November, to raise awareness and funds for men’s health issues such as prostate and testicular cancer.
Pringles sponsors peak-time films on Channel 5.
Honda has appointed internal candidate Martin Moll to replace Ian Armstrong as head of the company’s European marketing operations.
JPMORGAN CHASE & CO
Another top executive at the JPMorgan unit that lost $5.8 billion on derivatives trades this year is leaving the company.
Irene Tse, who headed the North America operations of the Chief Investment Office, told the firm she is resigning to focus on “entrepreneurial ventures,” according to a memo.
Barclays has promoted two of its top consumer banking bosses to its executive committee as the British bank’s new boss puts more focus on traditional banking after criticism of its rapid growth in higher risk investment banking.
Under the rejig, Ashok Vaswani will become global head of retail and business banking products and services, widening his current UK role.
The Abu Dhabi-listed company appointed Robert Mohamed, previously the top investment banker at National Bank of Abu Dhabi, as its chief investment officer.
CLARION PARTNERS LLC
The real estate investment manager named Jeroen Verheijden as a senior vice-president to spearhead the company’s client business in the UK, the euro zone and the Middle East.
ETF SECURITIES (UK) LTD
The exchange-traded product provider named Matt Johnson as head of distribution for Europe, the Middle East and Africa. He joins from Bank of America Merrill Lynch.