DAILY BRIEFING: Poundland boss Gerry Gray stairs down

City Finance Reporter for the Daily Mail

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Poundland boss Gerry Gray has stepped down

Poundland boss Gerry Gray has stepped down

Poundland boss Gerry Gray has stepped down

BOSS DEPARTS The arch executive of Poundworld, Gerry Gray, has stepped down from his role with evident outcome after just two years, citing personal reasons.

DIRECTOR ROLE Irn-Bru builder AG Barr has allocated ex-Whitbread financial executive Susan Barratt as non-executive director.

HQ SALE Banker Lloyds is selling its City domicile in Gresham Street to the Hong Kong organisation Hengli, for £165million. 

Lloyds will franchise back the 119,742 sq ft building – the distance of scarcely two football pitches – for the next 20 years.

ALL CHANGE After a managerial and operational reorganization at Gemfields, which it took over this year, miner Pallinghurst says it expects to revitalize and enhance its crimson and emerald prolongation in Zambia and Mozambique.

PLANES ORDER Airline Qatar Airways has systematic 50 A321neo planes from Airbus for £4.7billion.

NEW JOBS Miner Polymetal has allocated Anglo American’s conduct of reserve Tracey Kerr and Evraz’s ubiquitous manager Giacomo Baizini to its board.

PRICE RISE Property values rose by 0.5 per cent in November, the fifth uninterrupted monthly rise, Halifax said.

HOMES PLAN Developer St Modwen Properties expects to build 694 new homes in the next year – up 43 per cent on the prior 12 months.

FACE FRONT The co-founder of Facebook, Eduardo Saverin, who creatively invested about £11,000 in the social network but is now worth £7.5billion, has been announced as one of the backers of Indian payments company Mswipe Technologies.

ELECTRIC DREAM Car hulk Ford has teamed up with Chinese internet hulk Alibaba to sell electric cars.

CHINA BOOST Revenues at accountancy organisation BDO rose 8 per cent to £6billion in the year to Sep 30, driven by clever opening in the US and China.

FUNDS RAISED A business used by migrant workers to send income home online, Worldremit, has lifted £30million from investors.

WORK SITE Britain is still the many renouned finish for Europeans seeking work abroad, says jobs website Indeed.

MONEY MAKING Savers ploughed some-more than £5billion into investment supports during October, according to The Investment Association.


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