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DAILY TELEGRAPH
Lottery winner's estranged mother 'ecstatic' for son - Fri, 10 Feb 2012 07:00:10 GMT

Lottery winner's estranged mother 'ecstatic' for son - Fri, 10 Feb 2012 07:03:08 GMT
Phones4U launches free mobile upgrades every six months - Fri, 10 Feb 2012 07:00:10 GMT
No man is an island - except here on this little patch of Cornwall - Fri, 10 Feb 2012 06:59:56 GMT
Police swoop on military gun collector as he drives to his mum's - Fri, 10 Feb 2012 06:45:15 GMT
BBC 'buried Savile sex abuse claims to save its reputation' - Fri, 10 Feb 2012 06:40:58 GMT
Nimrod destruction cost taxpayer £3.4bn as MoD ignored 'cost implications', MPs say - Fri, 10 Feb 2012 06:40:39 GMT

FINANCIAL TIMES
Eurozone dismisses Greek budget deal - Thu, 09 Feb 2012 18:58:47 GMT

Eurozone dismisses Greek budget deal - Fri, 10 Feb 2012 00:07:16 GMT
Germans concerned over Draghi liquidity offer - Thu, 09 Feb 2012 18:58:47 GMT
Citigroup takes $50m loss in Libor probe - Thu, 09 Feb 2012 20:22:41 GMT
Chinese imports fall sharply in January - Fri, 10 Feb 2012 04:46:54 GMT
Bank of England lifts stimulus by £50bn - Thu, 09 Feb 2012 12:49:37 GMT
Markets soften after failure to clinch Greek deal - Fri, 10 Feb 2012 08:04:51 GMT

BBC NEWS
BBC News - Business - Fri, 10 Feb 2012 08:13:17 GMT

BBC News - Business - Fri, 10 Feb 2012 08:06:06 GMT
Barclays' profits fall to £5.9bn - Fri, 10 Feb 2012 08:13:17 GMT
Greece given tough bailout terms - Fri, 10 Feb 2012 07:39:44 GMT
China's exports and imports fall - Fri, 10 Feb 2012 03:54:04 GMT
Shock loss for India's Tata Steel - Thu, 09 Feb 2012 18:48:09 GMT
Bank injects £50bn into economy - Fri, 10 Feb 2012 00:00:23 GMT
Redknapp trial cost £1.3m so far - Thu, 09 Feb 2012 23:17:40 GMT
 
 

Chancellor appoints new Chairman for UKFI

Sir David Cooksey has been appointed as Chairman of UK Financial Investments Limited (UKFI), the company set up to manage the Government's stakes in the banks, the Chancellor of the Exchequer Alistair Darling has announced.

29 July, 2009

The Chancellor said: "As one of Britain's leading businessmen, Sir David combines hands-on financial expertise with a thorough understanding of the needs of businesses throughout the country. I am delighted that he has agreed to take on the role of Chairman of UKFI, looking after the investments we have made in the banks".

Sir David Cooksey said: "I am pleased to be to taking on this important and challenging role. The taxpayer has made a substantial investment in the banks in order to preserve financial stability, and I will be focused on protecting the value of those investments and disposing of them over time".

The Chancellor also expressed his thanks to Glen Moreno, who has served as Acting Chairman of UKFI since Sir Philip Hampton moved from UKFI to become Chairman of the Royal Bank of Scotland in January. Sir David's appointment will take effect from 1 August.


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