Advertisement
UK markets open in 7 hours 25 minutes

  • NIKKEI 225

    38,079.70
    +117.90 (+0.31%)
     

  • HANG SENG

    16,385.87
    +134.03 (+0.82%)
     

  • CRUDE OIL

    82.58
    -0.15 (-0.18%)
     

  • GOLD FUTURES

    2,395.30
    -2.70 (-0.11%)
     

  • DOW

    37,775.38
    +22.07 (+0.06%)
     

  • Bitcoin GBP

    51,040.39
    +1,772.32 (+3.60%)
     

  • CMC Crypto 200

    1,314.28
    +428.74 (+48.41%)
     

  • NASDAQ Composite

    15,601.50
    -81.87 (-0.52%)
     

  • UK FTSE All Share

    4,290.02
    +17.00 (+0.40%)
     
Money:

Best mortgage deals of the week

As possibility of multiple interest rate cuts dwindle here's what banks and building societies are offering

Cobham CEO to be replaced by Laird boss by end of year

Reuters - UK Focus

LONDON, Aug 17 (Reuters) - British aerospace and defence company Cobham (Other OTC: CBHMF - news) said on Wednesday its chief executive Bob Murphy will step down by the end of the year and be succeeded by David Lockwood, the current boss of technology company Laird .

Cobham said Murphy was leaving "to pursue other opportunities".

It (Other OTC: ITGL - news) said Lockwood will join the company no later than Jan. 1 2017.

Earlier this month Cobham reported a 36 percent drop in first-half profit, leaving it needing a big improvement in the coming months to meet full-year targets.

Laird (LSE: LRD.L - news) said it had appointed Chief Financial Officer Tony Quinlan to take over from Lookwood on Sept. 5. (Reporting by James Davey, Editing by Paul Sandle)