Morrisons finance director to step down - Daily Telegraph

Morrisons finance director to step down - Daily Telegraph

Sir Ken, who ran the supermarket business for 55 years, said he was confused over what the current management team was trying to achieve.

Dalton Philips, Morrisons' current chief executive, has pushed the company further south, into convenience stores and introduced various upmarket elements into its new supermarkets.

But Sir Ken said: “You’ve got to be careful. The public enjoy value. Good value is not simply the price of something.”

Commenting on Mr Pennycook's departure, Philip Dorgan, an analyst at Panmure Gordon, said: "While he is not leaving the company with immediate effect, this news will not be taken particularly well by the market, in the round."

"Much of course depends on who his successor is, but coming so soon after Sir Ken Morrison publicly accused the board of turning Morrison into Safeway, it is bound to increase focus upon the ’2016’ strategy," he added.

Source: www.telegraph.co.uk

Kent Hurlimann League Premier Division will feature 17 teams - thisiskent.co.uk

THIS season's Kent Hurlimann League Premier Division will feature 17 teams, as confirmed at the league's recent AGM.

With last season's champions Herne Bay promoted to Ryman League Division One South, Whyteleafe will be moving in the opposite direction.

1. CHAMPIONS: Following Herne Bay's promotion, this season's Kent League Premier Division will boast 17 teams GIAC20120428D-027_C

Also coming into the league for the 2012/13 season are Rochester United, formerly Bly Spartans.

They finished last season as the champions of the inaugural Kent Invicta League.

The league's clubs also voted to merge Divisions One and Two into a single reserve team league made up of 14 teams.

The reserve team of Rusthall were voted in to be one of those clubs.

In other news, league secretary Roy Vinter and referee's secretary Ray Brown were rewarded for their loyal service to the league as they were voted league President and Vice-President respectively, both newly created positions.

All officers of the league were re-elected with Paul Carter appointed in the new role of Press and Communications Officer and John Bathurst of Herne Bay also elected into the vacant spot on the management committee.

The clubs were also given a presentation by Colin Ethridge of kit manufacturers Macron who presented Macron vouchers to League Cup winners VCD Athletic and runners-up Corinthian as part of their sponsorship of the competition.

The representatives from Macron then took part in the draw for the 2012/13 competition with VCD and Corinthian being the first tie out of the hat in round one, ensuring there will be no repeat of last season's final.

The league have also started a Twitter feed with the tag name @KentHurlFL.

Premier Division Cup draw - Preliminary Round: Beckenham Town v Erith Town; Round One: VCD Athletic v Corinthian; Fisher v Deal Town; Tunbridge Wells v Woodstock Sports; Erith & Belvedere v Greenwich Borough; Canterbury City v Lordswood; Holmesdale v Rochester United; Sevenoaks Town v Whyteleafe; Cray Valley v Beckenham Town or Erith Town.

All ties up to and including the semi-final to be played over two legs with first named team at home in the first leg.

Division One Cup draw- Round One: Whitstable Town v Rusthall; Erith Town v Holmesdale; VCD Athletic v Margate; Lordswood v Maidstone United; Woodstock Sports v Deal Town; Herne Bay v Chatham Town. Phoenix Sports and Ramsgate both have byes.

Source: www.thisiskent.co.uk

Sussex Police officer who kicked man in head is sacked - The Argus.co.uk

Sussex Police officer who kicked man in head is sacked

3:38pm Monday 25th June 2012 in News By Emily Walker, Chief Reporter

A Sussex Police officer has been dismissed from the force after being found guilty of gross misconduct in using excessive force during the arrest of a man in Brighton.

PC Sebastian Day was cleared of assault by a court earlier in the year despite admitting kicking a man in the head whilst trying to arrest him.

However he has now been dismissed after being found to have used excessive force by the force's internal professional standards department.

PC Day who had been based at Brighton, appeared before a disciplinary hearing at Sussex Police HQ in Lewes on Wednesday and Thursday. He was dismissed without notice and left the force immediately.

Deputy Chief Constable Giles York said: "Sussex Police expects the highest personal and professional standards from anyone who works for us, even under duress.

"We will rigorously investigate any incidents where these standards are not maintained and as in this case, we will take action to ensure the integrity of officers and staff."

Comments(20)

Ligand Fields says...
3:50pm Mon 25 Jun 12

Do enlighten us, Emily Walker, how the court determined that the policeman had not committed assault when he kicked someone in the head. Because on the face of it, that seems absurd. I can only conclude you're misreporting the facts. Ligand Fields

sbiscorrupt says...
3:52pm Mon 25 Jun 12

Quite right too!... Although it's worrying that although the police themselves admit excessive force was used, there was no conviction for this thug! sbiscorrupt

sbiscorrupt says...
3:54pm Mon 25 Jun 12

[quote][p][bold]Ligand Fields[/bold] wrote: Do enlighten us, Emily Walker, how the court determined that the policeman had not committed assault when he kicked someone in the head. Because on the face of it, that seems absurd. I can only conclude you're misreporting the facts.[/p][/quote]I'm afraid it's true... http://www.theargus. co.uk/news/9664887.B righton_PC__justifie d__in_kicking_suspec t_in_head/ sbiscorrupt

Ligand Fields says...
4:02pm Mon 25 Jun 12

[quote][p][bold]sbiscorrupt[/bold] wrote: [quote][p][bold]Ligand Fields[/bold] wrote: Do enlighten us, Emily Walker, how the court determined that the policeman had not committed assault when he kicked someone in the head. Because on the face of it, that seems absurd. I can only conclude you're misreporting the facts.[/p][/quote]I'm afraid it's true... http://www.theargus. co.uk/news/9664887.B righton_PC__justifie d__in_kicking_suspec t_in_head/[/p][/quote]LOL but you're linking to *EMILY WALKER'S OWN REPORT*, that hardly constitutes an independent source of information! Ligand Fields

Cabin fever says...
4:03pm Mon 25 Jun 12

[quote][p][bold]Ligand Fields[/bold] wrote: Do enlighten us, Emily Walker, how the court determined that the policeman had not committed assault when he kicked someone in the head. Because on the face of it, that seems absurd. I can only conclude you're misreporting the facts.[/p][/quote]Change the record. You sound like an ex-Argus employee with a not just a chip, but a whole bag of spuds, on your shoulder. Cabin fever

Ligand Fields says...
4:06pm Mon 25 Jun 12

[quote][p][bold]Cabin fever[/bold] wrote: [quote][p][bold]Ligand Fields[/bold] wrote: Do enlighten us, Emily Walker, how the court determined that the policeman had not committed assault when he kicked someone in the head. Because on the face of it, that seems absurd. I can only conclude you're misreporting the facts.[/p][/quote]Change the record. You sound like an ex-Argus employee with a not just a chip, but a whole bag of spuds, on your shoulder.[/p][/quote]I won't say what you sound like... :) Ligand Fields

Goldenwight says...
4:07pm Mon 25 Jun 12

[quote][p][bold]Ligand Fields[/bold] wrote: Do enlighten us, Emily Walker, how the court determined that the policeman had not committed assault when he kicked someone in the head. Because on the face of it, that seems absurd. I can only conclude you're misreporting the facts.[/p][/quote]Because the Police Federation hire very good lawyers. This is why it is generally pointless to even attempt legal action against serving Police Officers, regardless of how stupid they may have been. Still, at least we have some vindication here in that the man was sacked. Goldenwight

Ligand Fields says...
4:13pm Mon 25 Jun 12

[quote][p][bold]Goldenwight[/bold] wrote: [quote][p][bold]Ligand Fields[/bold] wrote: Do enlighten us, Emily Walker, how the court determined that the policeman had not committed assault when he kicked someone in the head. Because on the face of it, that seems absurd. I can only conclude you're misreporting the facts.[/p][/quote]Because the Police Federation hire very good lawyers. This is why it is generally pointless to even attempt legal action against serving Police Officers, regardless of how stupid they may have been. Still, at least we have some vindication here in that the man was sacked.[/p][/quote]It was heard in a magistrate's court, in probably about 30 minutes tops! It's not like there was an Old Bailey trial lasting 5 weeks with endless legal pontifications by men in wigs. The points of law as to whether Common Assault had been committed or not would've been pretty trivial. As usual Ms Walkers has written the thing up with about 5 sub-Daily Mail sentences (or maybe, like her other story today, just cut-and-pasted from the Daily Mail) in order to go for maximum troll effect. It seems she won't rest until she's provoke the entire city to rampage naked on the beach, biting each other's faces off in a slavvering frenzy. CALL THAT JOURNALISM?? Ligand Fields

Ligand Fields says...
4:16pm Mon 25 Jun 12

In any case, I don't see what the problem is - the ex-officer in question can just get a job with G4S instead, where he can continue to kick people's heads in, only without all the tedious paperwork. Meanwhile the drunken guy probably still is free to roll around on North Street, asking passers by "if they can just lend me 20p" and vomiting. If Emily Walker had any sense, she'd go and interview him do a funny photoshoot of the lovable rogue. Ligand Fields

ewalker says...
4:24pm Mon 25 Jun 12

The Argus has asked Sussex Police to explain how the force's disciplinary proceedure and how they have found he used excessive force and the courts did not. PC Day was cleared of assault by Sevenoaks Magistrates's Court who deemed his actions justified. See tomorrow's Argus for Sussex Police's response to this apparent discrepancy. ewalker

GIVE UP says...
4:24pm Mon 25 Jun 12

Magistrates courts always find in favour of the police. If it had been dealt at crown court in front of a jury he would have been found guilty and sent down... GIVE UP

Ligand Fields says...
4:43pm Mon 25 Jun 12

[quote][p][bold]ewalker[/bold] wrote: The Argus has asked Sussex Police to explain how the force's disciplinary proceedure and how they have found he used excessive force and the courts did not. PC Day was cleared of assault by Sevenoaks Magistrates's Court who deemed his actions justified. See tomorrow's Argus for Sussex Police's response to this apparent discrepancy.[/p][/quote]The courts did not find "he didn't use excessive force", they found he did not committ the offence of common assault. They are not the same thing. Take an example: if you were in the Argus office, trying to cut-and-paste some press releases out of your inbox, and Jo Wadsworth grabbed your hand and stuffed in the photocopier and sat on it, and you went "OWWW!! LEMME GO!" and slapped her so that she got off the photocopier and allowed you to free your hand, most likely you would NOT be found guilty of common assault for slapping Jo Wadsworth. You would right claim in your defence that you were just doing your job and she suddenly caused you great physical pain and you lashed out to make her stop. That's what the police officer did. So the magistrates let him off. This, however, might not be the same conduct required by the internal police complaints thingie, who would probably have preferred him to have had an artery severed and fill in an Untoward Incident form and get a really glowing write-up as a "brave hero" in the Argus and a nice massive disability payout to retire on. Ligand Fields

Andy R says...
4:54pm Mon 25 Jun 12

It is fairly common for an employer to find that an employee's actions amount to gross misconduct even if they were prosecuted for some or all of these actions and acquitted by the courts. It's different sets of principles and different standards of proof. Example - you get prosecuted for fraud against the employer but court finds no intent to defraud and acquits. You might still get sacked because employer decides you failed to follow their financial procedures properly. Andy R

AmboGuy says...
5:29pm Mon 25 Jun 12

The usual police hating trolls out in force I see, what a surprise! You don't seem content that a man's lost his career, it seems no matter what action has been taken you won't be satisfied until he's been publicly flogged. AmboGuy

still waiting says...
6:00pm Mon 25 Jun 12

I see the "type first and engage brain later" brigade are out in force tonight! But at the risk of upsetting some of the Argus website correspondents can I simply point out the fact that the criminal law is based on the principle of "beyond all reasonable doubt" and employment law is based on "balance of probabilities". The police disciplinary system moved from the former to the latter a few years ago, hence a police officer can be found not guilty in a criminal court but essentially guilty in a disciplinary hearing. A good thing, you might say, and maybe it is. But if these are such good changes why do solicitors and doctors cling onto the criminal law burden of proof for their professional disciplinary hearings? Just a thought... And now, of course there's no need for the Argus to bother Sussex Police with the "why this apparent discrepancy?" question tomorrow. still waiting

Cabin fever says...
6:08pm Mon 25 Jun 12

[quote][p][bold]Ligand Fields[/bold] wrote: [quote][p][bold]Cabin fever[/bold] wrote: [quote][p][bold]Ligand Fields[/bold] wrote: Do enlighten us, Emily Walker, how the court determined that the policeman had not committed assault when he kicked someone in the head. Because on the face of it, that seems absurd. I can only conclude you're misreporting the facts.[/p][/quote]Change the record. You sound like an ex-Argus employee with a not just a chip, but a whole bag of spuds, on your shoulder.[/p][/quote]I won't say what you sound like... :)[/p][/quote]No, please do. I'd love to read it... Cabin fever

Ligand Fields says...
7:11pm Mon 25 Jun 12

[quote][p][bold]Cabin fever[/bold] wrote: [quote][p][bold]Ligand Fields[/bold] wrote: [quote][p][bold]Cabin fever[/bold] wrote: [quote][p][bold]Ligand Fields[/bold] wrote: Do enlighten us, Emily Walker, how the court determined that the policeman had not committed assault when he kicked someone in the head. Because on the face of it, that seems absurd. I can only conclude you're misreporting the facts.[/p][/quote]Change the record. You sound like an ex-Argus employee with a not just a chip, but a whole bag of spuds, on your shoulder.[/p][/quote]I won't say what you sound like... :)[/p][/quote]No, please do. I'd love to read it...[/p][/quote]You'd probably love to get me banned for personal abuse of another poster too. Ligand Fields

sdhgfhfuyt says...
7:49pm Mon 25 Jun 12

[quote][p][bold]Ligand Fields[/bold] wrote: Do enlighten us, Emily Walker, how the court determined that the policeman had not committed assault when he kicked someone in the head. Because on the face of it, that seems absurd. I can only conclude you're misreporting the facts.[/p][/quote]it's perfectly simple - excessive force might not necessarily amount to assault in a court given the circumstances of arrest, but excessive force can be in breach of your contract of employment. sdhgfhfuyt

Cabin fever says...
8:41pm Mon 25 Jun 12

[quote][p][bold]Ligand Fields[/bold] wrote: [quote][p][bold]Cabin fever[/bold] wrote: [quote][p][bold]Ligand Fields[/bold] wrote: [quote][p][bold]Cabin fever[/bold] wrote: [quote][p][bold]Ligand Fields[/bold] wrote: Do enlighten us, Emily Walker, how the court determined that the policeman had not committed assault when he kicked someone in the head. Because on the face of it, that seems absurd. I can only conclude you're misreporting the facts.[/p][/quote]Change the record. You sound like an ex-Argus employee with a not just a chip, but a whole bag of spuds, on your shoulder.[/p][/quote]I won't say what you sound like... :)[/p][/quote]No, please do. I'd love to read it...[/p][/quote]You'd probably love to get me banned for personal abuse of another poster too.[/p][/quote]Probably? Er, OK. Whatever you like... Cabin fever

Barquentine says...
9:08pm Mon 25 Jun 12

" He blamed fellow PC Kayley Jerzyk for giving Mr Riley a “weapon as effective as a knife” by handcuffing just one hand. He said he was in “excruciating pain” and felt he had no other option but to kick Mr Riley to force him to release his grip." So Mr Riley inflicted ' excruciating pain ' on PC day by grabbing his leg from a position on the ground. Is Mr Riley a terminator ? Barquentine

Comment now! Register or sign in below.

Or

Source: www.theargus.co.uk

Market Blog: Morrisons loses FD, Shire slides, FTSE weak - Citywire.co.uk

15.18: Everything is pointing downwards today, a rough start to the week reflecting dampened expectations of any action from the major European leaders' summit in a few days. US markets have joined European markets on the sharp downward slope, with the Dow off 1.2%. Oil prices are also lower, with Brent crude futures down at $90.4 per barrel. And Spanish borrowing costs have been edging higher all day, with 10 year bond yields now above 6.6%.

Analysts at Societe Generale last week produced a helpful crib sheet on the options to save the eurozone - many of which either look unlikely or would not fix the crisis.

Rescue options: Click to enlarge

Spain formally requests banking bailout

11.48: European markets are down after Spain formally requested €100 billion (£80 billion) to recapitalise its indebted banks.

Luis de Guindos, Spanish economy minister, said the country is aiming to agree conditions and sign for the loan before the next meeting of eurogroup finance ministers on July 9. 

The money will be used to bail out the banking sector, following last week’s independent report which found it required €62 billion (£50 billion), and provide a buffer from further bad debts.

European markets fell: Germany’s DAX index dropped 1.63% to 6,162, France's CAC 40 index shed 1.7% to 3,040, and the FTSEurofirst 300 index of top European shares gave up 1.04% to 1,003.

Britain’s FTSE 100 also continued its downward trend to lose 0.6%, or 34 points, to 5,481 points. The FTSE 250 lost 0.45%, or 48 points, to 10,776.

Morrisons loses its finance director, Shire slides, FTSE weak

8.30: Morrisons (MRW.L) falls after announcing group finance director Richard Pennycook will leave the supermarket group next June. Pennycook, who has been with the firm for eight years, wants to concentrate on building 'a portfolio career'.

The shares fell 2% or 5.5p to 263p. Oriel Securities said it was 'bad news' as Pennycook had overseen the integration of Safeway's into the business. Last month the group reported a 1% fall in first quarter sales. 'Our view is, though, that MRW's growth profile is weak, a view he might share.'

BT (BT.L) sheds 1.5% or 3p to 202p on reports the Competition Commission has rebuffed the telecom group's attempt to get rivals to pay more for use of its phone lines as a way of reducing its £3 billion pension deficit.

SABMiller (SAB.L) drops 2% or 48.5p to £24.55 after Liberum downgrades the beer company to 'sell' from 'hold'.

Hammerson (HMSO.L) rises 0.5% or 2.2p to 429p after Morgan Stanley raises the property group to 'overweight'.

8.10: Shire (SHP.L) slumps 9% in early trading on news that US regulators have allowed Watson Pharmaceuticals in the US to launch a generic version of its best-selling hyperactivity drug Adderall.

The Food and Drug Administration has dismissed an appeal by Shire to block the launch. The move is a blow to Shire, which dropped out of Citywire Top Stocks this month, although the company says it will still deliver good earnings growth this year.

Shares in Shire fell around 9%, or £1.73, to £17.82.

Meanwhile the FTSE 100 got off to a hesitant start, down 20 points, or 0.4%, to 5,492 amid scepticism about the chances of this week's European Union summit grappling with the eurozone crisis and prevent a sharp global slowdown.

Source: citywire.co.uk

Morrisons finance director heads for the exit - proactiveinvestors.co.uk

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Source: www.proactiveinvestors.co.uk

Morrisons Finance Director to check out - Life Style Extra

Richard Pennycook, the Finance Director at Morrison Supermarkets (Morrisons), is to go his own way in a year's time.

Pennycook, who joined the firm in October 2005, is to leave the board and the supermarket group at the end of June 2013 to concentrate on building a "portfolio career", the company said on Monday morning.

Morrions will launch the search for a successor shortly. Pennycook will retain his responsibilities for finance, IT, online and strategy in the meantime during a transition period.

"Richard has done an outstanding job for Morrisons over the last seven years.He was the architect of the company's Optimisation Plans and has played an increasing strategic role in the last few years as Morrisons has completed its transformation into a nationwide retailer," said Chairman Sir Ian Gibson.

Meanwhile, Pennycook said: "This was a difficult decision but by the time I leave next year I will have been with Morrisons for over eight years and I feel that it's the right time to seek new challenges.It was very important to me to give Morrisons as much notice as possible to ensure a smooth transition. I wish the company and my colleagues all the best for the future."

Shares slipped around 2% in early trading on Monday.

BC

Source: www.lse.co.uk

Work begins on North-East Bridgwater transport schemes - bridgwatermercury.co.uk

Work begins on North-East Bridgwater transport schemes

1:32pm Monday 25th June 2012 in Bridgwater Area News

COUNCILLORS say they are listening to people's concerns about traffic from the Morrisons distribution centre in Bridgwater as the next stage of road improvements begins today.

The month of work involves closing one lane of the A38 southbound for about three-quarters of a mile between the Dunball and Express Park roundabouts to improve access to the Wireworks Industrial Estate.

Highways teams brought the work forward before they have to down tools on July 24 for a national embargo during the Olympics.

Work will then resume on a new roundabout to provide access to the North East Bridgwater site, which will mean a programme of lane closures, north and southbound.

The A38 will remain open throughout but drivers are advised to allow extra time. The works are expected to last until mid-January and the access opened the following month.

The project also involves building a railway bridge to connect the North East Bridgwater site with the A38.

Our website has this week been flooded with calls for the road improvements to be completed sooner, following the death of a cyclist near the Morrisons site.

David Hall, Somerset County Councillor responsible for economic development, said concerns had also been raised by people in surrounding villages.

He said: “I know in Bawdrip and Puriton there has been considerable concern expressed about the volume of traffic coming and going from this new warehouse site.

“I am sure the villagers will be as pleased as I am to see the progress that is now being made.”

Cllr Hall also insisted the Colley Lane Southern Access Road remained a county council priority, following last week's Mercury front page story about five-year delays to the project.

Comments(2)

Samej1 says...
4:01pm Mon 25 Jun 12

Looks like operation Gridlock-Bridgwater is progressing well then... Samej1

MINIME2 says...
6:28pm Mon 25 Jun 12

It is very sad that the death of a young cyclist appears to have prompted this news story .Makes you wonder how long this has been in the pipeline and council and highways dragging their feet over these decisions.Very sadly if it prevents another death on the road the young man will not have died in vain. He should not have died at all. This road and bridge should have been completed before they even opened the depot. MINIME2

Comment now! Register or sign in below.

Or

Source: www.bridgwatermercury.co.uk