PennyStockPayCheck.com Rss

Featured Posts

Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

Read more

Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

Read more

Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

Read more

Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

Read more

UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

Read more

‘Record share’ for buy-to-let deals

Category : Business

The buy-to-let sector now accounts for a record portion of total mortgage loans, according to lenders’ data.

Originally posted here: ‘Record share’ for buy-to-let deals

Post to Twitter

Diageo boss Paul Walsh to step down

Category : Business

Chief executive stepping down after 13 years, making way for Ivan Menezes

The boss of Diageo, Paul Walsh, is stepping down after 13 years at the helm of the company behind Smirnoff and Guinness. He will make way for company-veteran Ivan Menezes, who has been chief operating officer of the drinks group since March last year.

Walsh, 57, will step down from the board at the annual meeting in September and will stay on until June next year to help ease the transition, drawing a full executive salary.

Last year, Walsh received a £1.2m salary, as part of a total pay package worth £11.2m. Diageo chairman Lord Davies said that his remuneration was “appropriate” given the strong performance of the business. Walsh has complained about anti-business sentiment in the UK, claiming that top executives are “constantly bludgeoned” for their high pay.

He has also cashed in shares worth £12.7m since last September, though he retains a substantial personal holding in the drinks group of 770,000 shares worth £15.4m.

Walsh has been chief executive of Diageo, which also owns Baileys and Johnnie Walker, since September 2000. The company’s share price has more than tripled in that time, aided by acquisitions including Turkey’s Mey Içki and the recent agreement to buy a stake in India’s biggest liquor maker, United Spirits.

Faced with sluggish demand in recession-hit European economies, Diageo has been buying up brands in emerging markets, where it aims to make around half of its turnover by 2015.

Walsh said on Tuesday: “Diageo is one of the world’s leading businesses, a position it has earned through the efforts of every one of its talented people, who are passionate about our brands, our contribution to society and our performance. The pivotal role which Ivan has played in building this position for the business demonstrates that he is the right person to lead Diageo on the next stage of its journey.”

Menezes originally hails from India, and headed up Diageo’s key North America division for eight years before his appointment as chief operating officer last year.

Martin Deboo of Investec said: “It’s not a total surprise, that’s the first thing to say. This has been a well-flagged transition.” He added that Menezes had been the lead candidate to take over. “It was very much his to lose,” he said. The City was unmoved by the news and the shares inched up 0.25% in early trade.

A Diageo spokeswoman said Walsh had not yet decided what his next move would be. He holds a number of corporate non-executive roles, as well as working as a business ambassador for the government’s business department.

His is the second high-profile departure from the FTSE 100 in a week, after Peter Voser stepped down as chief executive of oil group Shell.

Jobs to go in Nationwide shake-up

Category : World News

A total of 500 jobs are expected to go as Nationwide integrates three regional building societies into its main operations.

Read this article: Jobs to go in Nationwide shake-up

Post to Twitter

Shell secures huge UAE gas deal

Category : Business

Royal Dutch Shell beats France’s Total to a multi-billion-pound deal to develop a gas field with the Abu Dhabi National Oil Company.

Read the original: Shell secures huge UAE gas deal

Post to Twitter

Fifty Shades boosts UK book sales

Category : World News

British publishers report record sales for 2012, with total spending up to £3.3bn, despite the recession and the rise of e-readers.

See the original post here: Fifty Shades boosts UK book sales

Post to Twitter

Lloyds sees profits rise to £2bn

Category : Business, World News

Lloyds Banking Group reports a big rise in profits for the first three months of the year, making a total of more than £2bn.

Excerpt from: Lloyds sees profits rise to £2bn

Post to Twitter

Sustainable Energy to Issue Additional 15,000 First Preferred Share Units

Category : World News

CALGARY, ALBERTA–(Marketwired – April 24, 2013) - Sustainable Energy Technologies Ltd (TSX VENTURE:STG) (“Sustainable Energy” or the “Company”) announced today that it will increase the size of its previously announced (News Release: April 17, 2013) issue of 50,000 First Preferred Share Units up to a total of 65,000 Units.

Continued here: Sustainable Energy to Issue Additional 15,000 First Preferred Share Units

Post to Twitter

Brazil Resources Inc. (BRIZF: OTCQX International) | Brazil Resources Inc. Files Updated NI 43-101 Report on the Company’s Cachoeira Project

Category : World News

< ?xml version="1.0" encoding="UTF-8"?>

Brazil Resources Inc. Files Updated NI 43-101 Report on the Company’s Cachoeira Project

PR Newswire

VANCOUVER, April 18, 2013

VANCOUVER, April 18, 2013 /PRNewswire/ – Brazil Resources Inc. (TSX-V: BRI; OTCQX: BRIZF) (the “Company” or “Brazil Resources”) is
pleased to announce that, further to its press release dated March 4,
2013
, it has filed a National Instrument 43-101 (“NI 43-101″) technical
report (the “Technical Report”), including a mineral resource estimate,
respecting its Cachoeira do Piria Gold Project, located in the Par

Post to Twitter

SEDONA Corp. (SDNA: OTC Pink No Information) | SEDONA Releases 2012 Financial Results

Category : Stocks, World News

< ?xml version="1.0" encoding="UTF-8"?>

SEDONA Releases 2012 Financial Results

PR Newswire

KING OF PRUSSIA, Pa., April 17, 2013

KING OF PRUSSIA, Pa., April 17, 2013 /PRNewswire/ –

Post to Twitter

FRMO Corp. (FRMO: OTC Pink Limited) | FRMO Corp. Announces Third Quarter Financial Results, Conference Call, and Private Placement

Category : Stocks

< ?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

FRMO Corp. Announces Third Quarter 2013 Financial Results, Conference Call, and Private Placement

Post to Twitter