Chief executive James Watt will be succeeded by chief operating officer James Arrow, but remain with the group as a non-executive director.
A fresh record for the FTSE 100 index and trading updates by JD Wetherspoon and Informa today provided more cheer for investors. Loss-making fashion chain Boohoo and the insurer Direct Line fared less well in the City, having also reported this morning. The Bank of England’s two-day policy meeting is underway, with Sweden’s central bank today cutting interest rates.
City Voices: It’s really all about carrot cake
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