Former Storehouse chief financial officer David Simons and Alan McWalter were appointed non-executive directors as Stelios Haji-Ioannou attempts to lift the company out of the red to break even by September.
The appointments were made to reassure shareholders they would not have their hand forced by a chairman who is also a majority shareholder.
But city analysts are surprised by Haji-Ioannou’s decision to appoint Simons, who was ousted from super market group Somerfield, where he was chief executive officer, after leading a botched attempt to merge with Kwik Save.
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Baldwins Accountancy Group has continued investment in the north-east and appointed David Fish as a director in its corporate finance team
UK M&A activity bounced back strongly in July and August, according to analysis by the deals practice at PwC.
Smith & Williamson has added Jim Clark and Philip Marsden, of Marsden Clark Corporate Finance Limited, to its corporate finance team.