Advertisement
UK markets closed

  • NIKKEI 225

    38,073.98
    -128.39 (-0.34%)
     

  • HANG SENG

    18,537.81
    +223.95 (+1.22%)
     

  • CRUDE OIL

    79.26
    +0.27 (+0.34%)
     

  • GOLD FUTURES

    2,336.40
    +14.10 (+0.61%)
     

  • DOW

    39,278.75
    +222.36 (+0.57%)
     

  • Bitcoin GBP

    49,413.78
    -454.30 (-0.91%)
     

  • CMC Crypto 200

    1,338.30
    +38.20 (+2.94%)
     

  • NASDAQ Composite

    16,354.95
    +52.19 (+0.32%)
     

  • UK FTSE All Share

    4,558.37
    +14.13 (+0.31%)
     
Money:

Best UK mortgage deals of the week

As Bank of England holds interest rates, here's what high street banks are offering home buyers

Compass boss rules himself out of Tesco chairman job

Reuters - UK Focus

LONDON, Nov 26 (Reuters) - Richard Cousins, the current chief executive of Compass, the world's biggest catering firm, has ruled himself out of the running to succeed Richard Broadbent as chairman of Tesco (Xetra: 852647 - news) , the troubled British grocer.

"I am 100 percent focused on Compass so I will not be taking the Tesco chair, I'm far too young," Cousins told Reuters on Wednesday after Compass posted results.

Cousins joined Tesco's board as a non-executive director on Nov. 1 and media speculation had linked him with taking on the chairman role next year.

Broadbent said on Oct (HKSE: 3366.HK - news) . 23 he planned to step down in the wake of an accounting scandal at the firm. (Reporting by Li-mei Hoang, writing by James Davey, editing by Louise Heavens)