PRESS DIGEST- British Business - May 24
May 24 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
LONDON Oct 10 British outsourcing group Mitie named Phil Bentley as its new chief executive, announcing that incumbent Ruby McGregor-Smith would be stepping down after over nine years this December.
Bentley was formerly the chief executive of UK-based telecoms firm Cable & Wireless and before that had run British Gas, part of Centrica. He will join in November before taking the top job on December 12.
Mitie has been under pressure after it warned on profits in September, blaming the vote for Brexit for large new contracts not emerging as its clients put off new investment decisions. (Reporting by Sarah Young; Editing by Adrian Croft)
LONDON, May 24 Commodities-related revenue at the 12 biggest investment banks fell 29 percent year-on-year in the first quarter of 2017 to its lowest in more than a decade, mainly due to weakness in the energy sector, a consultancy said on Wednesday.
LONDON, May 24 Bond trading revenue at the world's top banks rebounded sharply in the first three months of the year as strong activity in credit and interest rate products eclipsed the lowest currency trading volume in over a decade, a survey showed on Wednesday.