PRESS DIGEST-Financial Times - Feb. 7
Feb 7 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
Headlines
- Head of UK financial ombudsman quits unexpectedly
- Serco wins recruitment contract for UK armed forces worth up to 1.5 bln stg
- Marks and Spencer appoints former Boohoo head to run clothing division
- HSBC in 15 mln stg pay package talks with CEO Georges Elhedery
Overview - Abby Thomas, the chief executive and chief ombudsman of Britain's Financial Ombudsman Service (FOS), is stepping down after just over two years in the role, the complaints-handling body said. - Serco Group said it has been selected by the UK Ministry of Defence for a contract worth up to 1.5 billion pound ($1.86 billion) to provide recruitment services for the Royal Navy, the British Army, the Royal Air Force and Strategic Command. - British retailer Marks & Spencer said that Richard Price, the boss of its clothing division, is leaving to pursue a portfolio career, and will be succeeded by John Lyttle, the former boss of online fashion retailer Boohoo and budget clothing retailer Primark. - HSBC is in discussions to grant CEO Georges Elhedery a pay package of up to 15 million pounds ($18.65 million), nearly six months after his appointment and the launch of a major cost-cutting initiative at the bank.
($1 = 0.8043 pounds) (Compiled by Bengaluru newsroom)
