13 May 2021 | 08:20am
StockMarketWire.com - Insurance group Direct Line appointed chief strategy officer Neil Manser as chief financial officer after Tim Harris decided to retire as CFO.
Manser had been acting CFO since January 2021, after CFO Tim Harris took a leave of absence while a member of his family undergoes medical treatment.
Harris decided to retire, however, as it is likely that the medical treatment will continue for longer than had been hoped.
As a result, Tim will not seek re-election at the AGM as an executive director today (13 May 2021).
At 8:20am: [LON:DLG] Direct Line Insurance Group PLC share price was 0p at 292.5p
EXECUTIVE CHANGES: Direct Line CFO retires; Aquis moves CFO to Paris
Thu, 13th May 2021 16:51
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Thursday and not separately reported by Alliance News:
Direct Line Insurance Group PLC - Bromley, Kent-based motor and home insurer - Tim Harris retires as chief financial officer and board director. Harris, in post since 2019, had taken a leave of absence back in January while a family member underwent medical treatment. The treatment will take longer than expected, so Harris has decided to step down. Chief Strategy Officer Neil Manser, who had been acting as CFO, will now become CFO and an executive director.
2 UK shares I think Warren Buffett would buy today
More on: Image source: The Motley Fool
Warren Buffett’s stock choices frequently make headlines, due to his long-term success as a billionaire investor. The ‘Oracle of Omaha’ doesn’t often buy UK shares, but I reckon I’ve found two stocks he’d possibly pick.
As my starting point, I looked for businesses with reliable customers, good profitability, and strong cash generation. In my view, these are the hallmarks of all Buffett’s most successful investments, including his £81bn stake in
Apple and his near-10% holding in
Coca-Cola Co.
US$12.3 TRILLION out of thin air…
boohoo results and ITV update to mark mid-point of shorter week
The insurance sector is also in focus with trading updates expected from Direct Line and Hiscox
The mid-point of the shortened post-Bank Holiday week will see final results from online fashion firm boohoo and a trading update from broadcaster ITV dominate the diary as investors eye more clarity on two companies that have faced opposing effects from the coronavirus pandemic.
Meanwhile, investors may also be looking at the insurance sector, with trading updates expected from both Direct Line and Hiscox.
boohoo hopes for tears of joy after bumper year
A
Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; 4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;