London afternoon: Utilities in demand
24th Jun 2010 14:23
Leading shares continued to pare losses over the lunch time session and though the Footsie remains in negative territory, much of that us due to the weakness of mining stocks. ENRC, Kazakhmys, Lonmin, Fresnillo and Xstrataare the big losers in the sector as concerns about Europe's debt crisis resu
Read more3rd UPDATE: BAT Names Durante To Succeed Adams As CEO
24th Jun 2010 12:57
(Adds background.) By Jonathan Buck and Michael Carolan Of DOW JONES NEWSWIRES LONDON (Dow Jones)--British American Tobacco PLC (BATS.LN) Thursday said its Chief Executive Paul Adams would retire in February next year, to be replaced by Chief Operating Officer Nicandro Durante. Dur
Read moreMARKET TALK: New BAT CEO Should Maintain Strategy
24th Jun 2010 12:51
1151 GMT [Dow Jones] The appointment of Nicandro Durante as British American Tobacco's (BATS.LN) new chief executive following Paul Adams' retirement "should mean the company's proven strategy centred on global drive brands, innovation, emerging markets and productivity gains remain broadly unchange
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
24th Jun 2010 12:51
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1151 GMT [Dow Jones] The appointment of Nicandro Durante as British American Tobacco's (BATS.LN) new chief executive follo
Read moreLondon midday: Stocks off the bottom
24th Jun 2010 12:06
Leading stocks are off their lowest levels but the Footsie remains in the red with little hope of a boost in sentiment from Wall Street, where US stocks are expected to open moderately lower. Mining stocks are out of favour after an initially bright start. Early enthusiasm for miners was engendere
Read more2nd UPDATE: BAT Names Durante To Succeed Adams As CEO
24th Jun 2010 09:12
(Re-writes, adds analyst comment.) By Jonathan Buck and Michael Carolan Of DOW JONES NEWSWIRES LONDON (Dow Jones)--British American Tobacco PLC (BATS.LN) Thursday said its Chief Executive Paul Adams would retire in February next year, to be replaced by Chief Operating Officer Nicandro
Read moreLondon open: Stocks in the red
24th Jun 2010 08:49
Having posted quick gains at the start, London's top stocks have reversed into the red. Miners are the main instigators for the decline with 9 out of the top ten fallers from the sector. Kazakhmys, Rio Tinto, Eurasian Natural Resources and Fresnillo are the biggest decliners so far. BP said the lo
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
24th Jun 2010 08:33
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0733 GMT [Dow Jones] British American Tobacco's (BTI) CEO appointment is "a pretty logical progression," says Evolution's Cha
Read moreMARKET TALK: BAT's CEO Choice A 'Logical' Progression >BTI
24th Jun 2010 08:33
0733 GMT [Dow Jones] British American Tobacco's (BTI) CEO appointment is "a pretty logical progression," says Evolution's Chas Manso. He doesn't expect any major changes to BAT's strategy after Nicandro Durante takes the helm. Manso adds that Durante has already had dealings with the analyst communi
Read moreUPDATE: BAT Names Durante To Succeed Adams As CEO
24th Jun 2010 08:08
(Adds detail.) By Jonathan Buck Of DOW JONES NEWSWIRES LONDON (Dow Jones)--British American Tobacco PLC (BATS.LN) Thursday said Nicandro Durante would succeed Paul Adams as chief executive when he retires at the end of February 2011. Durante, 53 years old, who currently is chief op
Read moreLondon pre-open: Early rise expeced
24th Jun 2010 07:40
Footsie is expected to move ahead in early dealings following a late rally in the US last night. BP has issued yet another update on the oil leak, saying the lower marine riser package (LMRP) cap containment system was successfully re-attached on its blow-out well in the Gulf of Mexico. Yesterday,
Read moreBAT Names Durante To Succeed Adams As CEO
24th Jun 2010 07:31
By Jonathan Buck Of DOW JONES NEWSWIRES LONDON (Dow Jones)--British American Tobacco PLC (BATS.LN) Thursday said Nicandro Durante would succeed Paul Adams as chief executive when he retires at the end of February 2011. Durante, 53 years old, who currently is chief operating officer, wil
Read moreBritish American Tobacco: Durante To Succeed Paul Adams Feb 2011
24th Jun 2010 07:21
LONDON (Dow Jones)--British American Tobacco PLC (BATS.LN) said Thursday that Nicandro Durante will become Chief Executive on the retirement of Paul Adams at the end of February 2011 aged 57. MAIN FACTS: -In anticipation of his new role, Nicandro will become Chief Executive Designate on Sep.
Read moreBritish American unveils new chief executive
24th Jun 2010 07:06
British American Tobacco has announced that its chief operating officer Nicandro Durante will become chief executive of the maker of Lucky Strike cigarettes in February, when Paul Adams steps down from the role. The Brazilian-Italian will become chief executive designate on September 1 and will be
Read moreLondon open: Dull start after US dip
23rd Jun 2010 08:52
Last night's late sell-off in the US has hit London this morning though selling has been selective rather than widespread American investors took flight following weak housing data and Asian markets followed suit this morning. Reflecting that, miners are down across the board led by heavyweights Xs
Read more