Barclays finance chief Lucas to retire as early as this week -report

Barclays declined to comment on the report. () Lucas, aged 52, announced his retirement in February. The bank announced in July that JPMorgan executive Tushar Morzaria would take over as finance director in February next year.

Market Chatter-Corporate finance press digest

* Finnish stainless steelmaker Outokumpu is likely to get only 600-700 million euros ($800-$930 million) in the sale of its high-performance alloy unit VDM, less than initially planned, three people familiar with the deal told Reuters. * Beverage can maker Rexam has launched the sale of its healthcare packaging business, which could fetch around 650 million pounds ($1 billion), four banking sources told Reuters. * Russia’s top crude producer Rosneft will sign a broad oil and gas cooperation agreement with Azerbaijan on Tuesday, industry sources said, the first step towards increasing its presence in a country Europe hopes will meet its energy demands. * Retailer RadioShack is looking to refinance its debt by securing new, lower-cost loans, a process it would like to complete by the end of the year, according to two sources familiar with the matter * Italy’s M&G Chemicals is looking to raise about $500 million through a public floatation in Hong Kong in October, the Wall Street Journal reported on Tuesday, citing two people with direct knowledge of the deal. * Foxtons, the private equity-backed British estate agent, will file for an initial public offering as soon as August 27, the Financial Times reported on Tuesday, citing people familiar with the move.

Finance and Accounting Employee Confidence Index Soars in Q2 as Macroeconomic Confidence Improves

In fact, finance and accounting employees believe that the economy is getting stronger, rising 12 percentage points from the previous quarter, to 42 percent. The Index encompasses employee attitudes and sentiment around the economy, job market, job security, employers and in their ability to find a new job. “We are seeing a lot of movement in the finance and accounting space, particularly in areas such as insurance underwriting and financial analysis,” said Steve McMahan, President of Randstad Finance & Accounting, Randstad Human Resources, Accountants International and The Mergis Group. “We’ve also seen a major spike in transactional based accounting searches, technical accounting, domestic tax, and audit searches at the analyst, accountant, and manager levels.” Q2 2013 Survey Highlights: Increasing Percentage of Finance and Accounting Workers Believe the Economy is Getting Stronger Forty-two percent of finance and accounting employees believe the economy is getting stronger, rising 12 percentage points from the first quarter of 2013.

Residential Finance Selects Industry Veteran Chris Derrow to Lead New Division

We will offer these core services with superior timing and cost effectiveness by using our resources, knowledge and streamlined processes. About Residential Finance Residential Finance is a nationwide mortgage lender established in 1997 by Michael Isaacs and David Stein. Mortgage industry expert Barry Habib joined as co-owner in 2012. Based in Columbus, Ohio, Residential Finance has three regional call centers and branches that reach from coast to coast. Residential Finance offers homeowners and homebuyers nationwide a wide range of home mortgage loan options, including special lower-rate government-insured FHA and VA loans and jumbo loans. The company has earned numerous awards, including Columbus Business Firsts Corporate Caring Award and Best Places to Work award, and was named an Inc.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s