THE DAILY BRIEFING
ON BOARD Insurer Charles Taylor has added a Microsoft boss to its board as non-executive director. Tamer ozmen runs Microsoft UK Services and will also sit on Charles Taylor’s audit, remuneration, and nominations committees.
JOINT ROLE Tobacco giant Imperial Brands has hired Simon Langelier, the chairman of a Canadian medical marijuana company, as a non-executive director.
SHARE BUY Luxury retailer Burberry has announced plans to buy back up to £50m of its shares between June 19 and July 10.
OXFORD JOB The former chief executive of technology company E2V is joining the board of tech company Oxford Instruments. Stephen Blair, 57, joins as an independent non-executive director in July. oxford Instruments yesterday reported a loss of £25.5m, compared to a £9.7m profit last year. But adjusted profit rose 7.1pc to £36m.
HEALTHY PROFITS Healthcare devices maker Halma said profits rose 16pc to £157.7m. UK revenue grew 7pc to £155m, while turnover in the US grew 27pc to £345m. Revenue grew 31pc to £261m in its medical sector, which makes products such as blood pressure monitors and eye health equipment.
INCOME DOUBLES Fuel cell developer Ceres Power expects fullyear income to the year ending June 30 to more than double to £4m this year, ahead of earlier expectations.
BOSS EXITS The chairman of plus–size clothing retailer N Brown is to resign after nearly five years at the helm. Andrew Higginson is stepping down from the firm to pursue opportunities in private equity.
ON TIME Airline Ryanair said 90pc of its flights arrived on time last month. It carried more than 11m customers over 66,000 flights in May.
CONTRACT EXTENDED Financial planner Tilney Group has announced a contract to use an IT system developed by US business SEI will be extended for six years. The deal will now run until 2023.
DIRTY LAUNDRY British authorities received a record 163 requests for information from foreign governments as part of money laundering investigations last year – up 12pc on 2015. This is more than double the 2012 figure of 73, according to Home office statistics revealed by a Reuters freedom of information request.