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☆ GSK picks Burberry's Brown as first female CFO
  + stars: | 2022-09-26 | by ( Amna Karimi Pushkala Aripaka | Amna Karimi | Pushkala Aripaka | ) www.reuters.com   time to read: +3 min
Mackay, 60, will be retiring next year after serving as GSK's finance chief for nearly four years, following an eight-year stint as group finance director at the bank HSBC. Register now for FREE unlimited access to Reuters.com RegisterBrown, also 60, will join GSK in April and take up the job in May. She also served in several finance roles at AstraZeneca (AZN.L), which last year also appointed a female CFO, Aradhana Sarin. With Emma Walmsley as GSK's chief executive officer, Brown's appointment also creates a rare, all-female top management at a blue-chip (.FTSE) British company and a global pharma major. Brown will receive an annual base salary of more than 900,000 pounds at GSK, the company said.
☆ GSK selects Burberry's Brown as its first female CFO
  + stars: | 2022-09-26 | by ( Natalie Grover Amna Karimi Pushkala Aripaka | Natalie Grover | Amna Karimi | ) www.reuters.com   time to read: +3 min
Register now for FREE unlimited access to Reuters.com RegisterGSK (GlaxoSmithKline) logo is seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustration/SummarySummary Companies Brown to join GSK in AprilIain Mackay to retire in MaySept 26 (Reuters) - Britain's GSK (GSK.L) has appointed its first female chief financial officer, Julie Brown, to succeed Iain Mackay, as the drugmaker focuses on its core pharmaceuticals business. With Emma Walmsley as GSK's chief executive, Brown's appointment also creates a rare, all-female top management at a blue-chip (.FTSE) British company and a global pharma major. Mackay, 60, will retire next year after almost four years as GSK's finance chief, before which he completed an eight-year stint as group finance director at HSBC. She also served in several finance roles at AstraZeneca (AZN.L), which last year appointed a female CFO, Aradhana Sarin.
☆ UK housing index at 11-year low on rate-hike fears
  + stars: | 2022-09-26 | by ( Yadarisa Shabong | ) www.reuters.com   time to read: +2 min
Register now for FREE unlimited access to Reuters.com RegisterEstate agent signs are seen outside a residential housing in south London, Britain, August 6, 2021. Register now for FREE unlimited access to Reuters.com RegisterThe housebuilders index fell 6% to hit its lowest level since March 2013. "The weak pound is driving expectations for further rate increases, which means lower house prices," Peel Hunt analyst Sam Cullen said. Shares of Taylor Wimpey hit their lowest since 2014, Persimmon since 2016, and Barratt and Berkeley stocks since March 2020. Register now for FREE unlimited access to Reuters.com RegisterReporting by Yadarisa Shabong in Bengaluru; Editing by Anil D'Silva and Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.
☆ GSK poaches Burberry CFO Julie Brown to create all-female top team, Sky News reports
  + stars: | 2022-09-24 | by ( ) www.reuters.com   time to read: +1 min
Register now for FREE unlimited access to Reuters.com RegisterGSK (GlaxoSmithKline) logo is seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/IllustrationSept 24 (Reuters) - British drugmaker GSK plc has poached Burberry Group's (BRBY.L) finance chief to create a rare all-female executive leadership team, Sky News reported on Saturday. GSK could announce as soon as Monday morning that it has recruited Julie Brown to replace Iain Mackay, who has served as its chief financial officer since 2019, the report added. On Friday, Burberry announced that its finance chief Julie Brown will step down in April 2023 after more than five years in the role. Register now for FREE unlimited access to Reuters.com RegisterReporting by Jaiveer Singh Shekhawat in Bengaluru Editing by Peter GraffOur Standards: The Thomson Reuters Trust Principles.
☆ GSK poaches Burberry CFO Julie Brown to create all-female top team - Sky News
  + stars: | 2022-09-24 | by ( ) www.reuters.com   time to read: +1 min
Register now for FREE unlimited access to Reuters.com RegisterGSK (GlaxoSmithKline) logo is seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/IllustrationSept 24 (Reuters) - British drugmaker GSK plc has poached Burberry Group's (BRBY.L) finance chief to create a rare all-female executive leadership team, Sky News reported on Saturday. GSK could announce as soon as Monday morning that it has recruited Julie Brown to replace Iain Mackay, who has served as its chief financial officer since 2019, the report added. On Friday, Burberry announced that its finance chief Julie Brown will step down in April 2023 after more than five years in the role. Register now for FREE unlimited access to Reuters.com RegisterReporting by Jaiveer Singh Shekhawat in Bengaluru Editing by Peter GraffOur Standards: The Thomson Reuters Trust Principles.
☆ UK housing stocks rise on potential cut in stamp duty
  + stars: | 2022-09-21 | by ( Ajose Koilparambil Yadarisa Shabong | Ajose Koilparambil | Yadarisa Shabong | ) www.reuters.com   time to read: +2 min
REUTERS/Andrew BoyersSept 21 (Reuters) - Shares in British homebuilders rose sharply on Wednesday morning after a media report said the government would cut stamp duty - a tax on property purchases - in a mini-budget on Friday. Peel Hunt analyst Sam Cullen said any stamp duty cut could help housebuilders better offset inflation in building costs, which has been largely cushioned by higher house prices. The Times said the plan to cut stamp duty would be part of new Prime Minister Liz Truss's drive to boost economic growth. A temporary stamp duty cut was used to support the market by previous finance minister Rishi Sunak during the COVID-19 pandemic. Currently, no stamp duty is paid on the first 125,000 pounds ($141,650) of any property purchase.
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