Barclays Finance Chief Resigns Earlier on Health Reasons

Marissa Mayer, Please Don’t Screw Up Yahoo! Finance

Peter Estlin, group financial controller, will be acting chief financial officer until Oct. 15, when Tushar Morzaria, 44, will take over the post . Whilst I am saddened that his health has forced this decision on him sooner than either of us would have wished, I respect his decision and wish him well in the future, Barclays Chairman David Walker said in the statement. He has successfully navigated Barclayss finances through one of the most difficult periods in its history. Lucas, the last of former Chief Executive Officer Robert Diamond s senior managers to depart, is leaving ahead of a planned 5.8 billion-pound ($9 billion) rights offering, which stands to be the biggest by a U.K. bank since Lloyds Banking Group Plc (LLOY) s 13.5 billion-pound sale in 2009.

Barclays CFO Chris Lucas

PRESSURE ON SMALL PLAYERS Small and medium-sized housebuilders, which account for about a third of new houses, also have problems in persuading banks to finance their projects. Net bank lending to construction firms has fallen by between 4 and more than 10 percent every quarter for four years, Bank of England data show. A Federation of Master Builders survey found 90 percent of 1,000 building firms questioned in late 2012 said raising finance was as difficult as two years ago, or even harder. “The number of small housebuilders who are actually active at the moment is definitely falling. Some will never start again.

Bricks and finance shortages frustrate British housing hopes

However, the desktop site is pretty good as it is. It could use a little tweaking, but please no major overhaul. When Yahoo! acquired Tumblr earlier this year, Mayer promised “not to screw it up,” and I would hope that Yahoo! Finance gets the same treatment.


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