Sir Alan Budd regrets leak

first_img Share Sir Alan Budd regrets leak Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoGrowitchRemember Penny From The Big Bang Theory? This Is Her NowGrowitchUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndoBetterBe20 Stunning Female AthletesBetterBeUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoOpulent ExpressNewborn Quadruplets Left Doctors Staggered — They Are One In A MillionOpulent ExpressUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndo SIR Alan Budd, the former head of the Office for Budget Responsibility (OBR), yesterday admitted he regretted the impact of a leak that dogged his short tenure at the independent fiscal forecaster. “I enormously regret the effect it had on our reputation… That was in some sense the most harmful event in terms of the press coverage,”?Sir Alan admitted, in reference to his decision to rush out official figures to counter an inaccurate leak. The timing allowed David Cameron to use the figures as ammunition in a tetchy exchange of Prime Minister’s questions, leading to questions over the OBR’s impartiality.Sir Alan, who stood down from the OBR last week, also admitted there was a possibility of a double dip recession, but said it was unlikely. “You cannot rule it out… but the most likely outcome is that the economy will continue to grow,” he said. center_img KCS-content whatsapp Show Comments ▼ Monday 16 August 2010 8:44 pm Tags: NULLlast_img read more

Spain finds surprise €500m

first_img whatsapp KCS-content TROUBLED Spain has received an unexpected boost after it discovered it had an extra €500m (£412m) to spend on its beleaguered infrastructure.The nation, which has been forced to adopt strict austerity measures after massively overspending before the economic collapse, has raised its budget after making “internal adjustments”.It has benefitted from better than expected market stability, allowing it to raise its annual budget to almost €7bn.The extra money will be pumped into a number of projects that had been suspended due to the budget tightening.The Spanish government says it will finalise 2011’s budget in six weeks and is still committed to slashing its deficit to six per cent of GDP, down from its current high of 11.2 per cent. Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof whatsapp Sharecenter_img Show Comments ▼ Spain finds surprise €500m by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeBrake For ItThe Most Worthless Cars Ever MadeBrake For ItTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.cominvesting.comCanceled TV Shows Announced: Full Updated Listinvesting.comthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comWorld LifestyleCouple Has No Idea Why Photo Goes Viral, Then They Notice This In The CornerWorld Lifestylezenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.com Wednesday 18 August 2010 8:35 pm Tags: NULLlast_img read more

CITY MOVES | WHO’S SWITCHING JOBS

first_img Show Comments ▼ CITY MOVES | WHO’S SWITCHING JOBS More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSidney Crosby, Alex Ovechkin are graying and frayingnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Monday 23 August 2010 7:39 pm Share whatsappcenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm Future GroupThe media business has appointed former ITN chief executive Mark Wood as chief executive of its UK business. Wood, who stood down from ITN last year, has been a non-executive director at Future since April 2009. He will leave the board on taking up his new post at the end of the month.Prior to ITN, he worked for Reuters, where he served on the board and held responsibility for the news and televisions businesses.HSBCThe bank has made five new appointments in its global foreign exchange unit in the Asia Pacific global markets division.Former UBS Singapore employee Clyde Choi becomes head of emerging markets in FX trading in Asia Pacific; Ryuichi Atsuta becomes a director of FX trading in Japan, having moved over from BoA Merrill Lynch; Guy Dickinson joins from Barclays as a director of FX trading in Hong Kong, where Joanne Ng also joins from Goldman Sachs as head of institutional FX sales; and Sean Jeon becomes head of institutional sales in Korea.Deutsche BankThe bank has appointed four new senior figures to its corporate banking platform in the US.Philippe Sandmeier rejoins the bank from RBS to head up natural resources coverage, while Ross Levitsky becomes managing director of West Coast coverage in New York following a 15-year tenure at Citi. Lawrence Williamson moves over from JP Morgan as a managing director in the healthcare corporate team, while Kurt Anstaett leaves BoA Merrill Lynch after 31 years to become managing director of corporate banking for the Midwest region.Collins StewartThe financial advisory group has appointed Eddy Hargreaves to its large cap European research team. Alongside Rob Mann and Alicia Forry, Hargreaves will cover the European consumer goods sector. He has previously held positions at sell side houses, including UBS and Dresdner Kleinwort Wasserstein, and at long-only investment institutions, including a stint as head of companies research at Henderson.City of London InvestmentOmar Ashur has resigned from the board of the asset management group with immediate effect. Ashur joined the board in 2001 as a representative of FMH, then one of City of London Investment Group’s major shareholders, and maintained his position for two years after FMH sold down its 30 per cent stake in the company. KCS-content Tags: NULL whatsapplast_img read more

Promethean shares hit record low as margins shrink and outlook dims

first_imgTuesday 24 August 2010 7:48 pm Promethean shares hit record low as margins shrink and outlook dims whatsapp Tags: NULL Promethean World yesterday saw its shares tumble to an all-time low after a disappointing trading update.The interactive education technology firm posted a surge in profit, but lower margins and a lacklustre outlook sent investors running for cover.The firm, which supplies interactive white boards and learning software to schools, said its gross margins declined by 350 basis points to 42.5 per cent as it sold more of its less-profitable interactive display systems. Nonetheless Promethean forecast full-year trading would remain strong and in line with expectations.Analysts were last night split over the firm. Julian Yates of Investec said: “The sales mix has muted gross margins, but Investec expect this to largely reverse in the second half of the year. We see the stock undervalued, considering the growth rates posted and underpenetrated end markets.”But Jon Fletcher of Altium Securities said: “We continue to believe that the gross margins will decline over time due to competitive pressures.” Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Sharecenter_img whatsapp Show Comments ▼ KCS-content Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndoBetterBe20 Stunning Female AthletesBetterBeUndoCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldUndo last_img read more

Weak housing loans point to a price slump

first_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search Adsmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAll Things Auto | Search AdsNew Cadillac’s Finally On SaleAll Things Auto | Search AdsElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald Tuesday 31 August 2010 8:51 pm JUST 48,700 mortgages were approved in July, according to data published yesterday by the Bank of England, raising fears that the UK housing market is at best drifting sideways and at worst heading for a double-dip recession.Although the small rise was better than the dip to 46-47,000 that the market had expected, economists were extremely pessimistic about the outlook for the British property market. They pointed out that approvals are still well below the average of 93,000 per month over the past decade.Andrew Goodwin, senior economic advisor to the Ernst & Young ITEM Club, said: “The figures provide further confirmation that the housing market is heading for a double dip, with net mortgage lending pretty much flat and the number of mortgage approvals remaining very low.”“The figures for mortgage approvals, a proxy for activity, tend to be well correlated with prices and the latest figures clearly point to falling prices over the second half of this year and into 2011, particularly now that supply shortages have eased,” Goodwin added.Economists pointed to subdued demand for housing caused by high unemployment levels – which could rise further once public sector spending cuts come into effect – as well as poor household income growth and affordability.Although the interest rates are at record lows, these are not being fully passed on to borrowers, who must meet more stringent lending criteria.Simon Rubinsohn, chief economist at the Royal Institution for Chartered Surveyors (RICS) said: “A lack of mortgage finance remains a key problem for many borrowers looking to take their first step on the property ladder, with the high deposits required still proving to be an obstacle for many. Uncertainty over the outlook for the market may also be discouraging would be buyers.”The poor approvals data adds to a string of cheerless figures for the UK housing market both in terms of house prices and mortgage lending. Only last week, the British Bankers’ Association data showed no change in net mortgage lending in July on the previous month. The impact will be felt in tomorrow’s Nationwide August data. whatsapp KCS-content Show Comments ▼ Share Weak housing loans point to a price slump Tags: NULLlast_img read more

Make Hays while the sun shines in Asia

first_img whatsapp Make Hays while the sun shines in Asia FEW industries fare worse in a recession than recruitment so Hays was always going to have a tough time, so it is not surprising that a drop in profits of 53 per cent comes in well ahead of most gloomy predictions. Positive notes include a pick-up in job churn, allowing the firm to generate fees without relying on job creation. More interesting though is the firm’s re-alignment as an international entity. Around 58 per cent of its business, and 83 per cent of its operating profit, comes from outside of the UK and this looks set to increase with new markets opening up in Mexico and the US. In fact, 20 of the firm’s 28 international markets grew net fees by at least 10 per cent in the fourth quarter, indicating its lack of reliance on the sluggish UK market is already paying off. With net fees continuing to grow, driven by 28 per cent growth in Asia Pacific, this seems a good time to climb tentatively back on the recruitment wagon. Tags: NULL More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com Share Show Comments ▼ Thursday 2 September 2010 7:56 pm KCS-content whatsapplast_img read more

De La Rue to take £35m hit from note slip

first_img Show Comments ▼ CURRENCY printer De La Rue faces a hit of at least £35m to first-half profit and a possible fraud investigation following the falsification of banknote quality certificates by staff.Updating on its investigation into production errors at its banknote plant in southern England the firm said yesterday the behaviour of some of its staff was “totally unacceptable”.De La Rue has reported its findings to the relevant law enforcement agencies and taken “appropriate disciplinary action”.A company spokesman declined to say if any employees had been dismissed but said the managing director of the currency division had left.A spokesman for the Serious Fraud Office said the agency had been contacted by the company.“The company has reported some concerns to us. We’ve noted those concerns, we are alert to them and we will have further discussions with the company,” he said.Banknote paper specifications have a large number of detailed parameters and the company’s investigation found in certain cases that a small number of them failed to meet the required standard.The spokesman for De La Rue, which is involved in the production of over 150 national currencies, declined to name the customers involved, say how many staff were implicated or comment on their motives.The £35m hit relates to stock write-offs, professional fees, rectification and production trial costs, and some slippage of currency volumes into the second half. De La Rue said it was too early to assess the financial impact for the full year and future years. KCS-content Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Share whatsapp whatsapp Tuesday 7 September 2010 11:05 pm De La Rue to take £35m hit from note slip Tags: NULLlast_img read more

A three-way split for MPC

first_img KCS-content A three-way split for MPC Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Share A THREE-WAY split has emerged in City A.M.’s Shadow Monetary Policy Committee (MPC) this month, ahead of the Bank of England’s policy decision scheduled for midday today. Two hawks are sustaining their call for a rate rise while a dove is now pushing for further quantitative easing. Both City A.M. editor Allister Heath and Henderson’s Simon Ward still seek an increase in interest rates of 0.25 per cent. They argue that the recovery is already well under way and that high inflation warrants a tightening of policy.However, the Institute of Directors’ Graeme Leach emerges in the dovish camp, saying that the MPC should announce a small expansion in quantitative easing of around £25bn. The remaining six members of the shadow committee all voted to keep monetary policy on hold this month, following a “wait-and-see” policy. However, four of these six explicitly said that further loosening may be required in the coming months should the economy take a turn for the worse. Speculation of a three-way split at the Bank of England intensified ahead of last month’s meeting but the minutes revealed that only hawk Andrew Sentance dissented from the majority in his call for a rate rise. But the minutes showed again that the MPC had actively discussed the possibility of firing up the printing presses once again. With leading surveys pointing to slower growth in the third quarter some of the MPC may be tempted towards further loosening. Others may have been convinced by Sentance of the dangers of inflation. Wednesday 8 September 2010 8:13 pm whatsapp Show Comments ▼ whatsapp Tags: NULLlast_img read more

Gilts rally after Fed opens door to more stimulus

first_img KCS-content Gilts were given a further boost when the minutes from the Bank of England’s most recent Monetary Policy Committee (MPC) meeting showed increased concerns about the outlook for the economy. But Sam Hill, a UK fixed income strategist at RBC Capital Markets warned it would be difficult to justify more QE with inflation already higher than target.The UK rally tracked similar movements in the US gilts market, where yields on benchmark 10-year Treasuries slid to their lowest level in three weeks.Gold prices saw yet another spike, with spot gold setting a record of almost $1,300 an ounce, while the dollar lost 1.5 per cent on a trade weighted basis, on fears that another round of stimulus would mean an effective devaluation of the currency. YIELDS on UK government bonds saw their sharpest fall in 18 months, after the US?Federal Reserve said it was open to a new round of quantitative easing (QE) to help revive the flagging American economy.The yield on the benchmark 10-year gilt dropped by 15 basis points to 2.97 per cent, the biggest drop since the Bank of England started buying up government bonds in March last year. Share whatsapp Wednesday 22 September 2010 8:56 pm More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com whatsapp Gilts rally after Fed opens door to more stimulus Tags: NULLlast_img read more

I’ve been through hell, says Rok’s departing FD

first_img Show Comments ▼ whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap whatsapp Thursday 30 September 2010 11:19 pm Sharecenter_img I’ve been through hell, says Rok’s departing FD THE finance director of building and maintenance firm Rok yesterday spoke of his eight weeks of “hell” as he stepped down from the firm.“The whole experience has been hell. It’s put me through hell, its put my family through hell,” said Ashley Martin, as he reflected on the period since 11 August when he was suspended pending an investigation into alleged financial mismanagement at Rok’s heating, plumbing and electrical business.Yesterday the company cleared him of any wrongdoing in a statement that said that the scaling back of sub-contracted work fitting out new homes with piping and heating was the cause for the previously lower profit expectations.But Martin said he could not remain a member of the board of Rok after his fellow board members originally blamed him for the financial irregularities which led it to issue a second profit warning earlier this year.“It was just untenable for me to stay [at Rok] after getting the blame for a profit warning. It has been insane. I spent 30 years building up my career. To have this done to you is terrible,” he said.Martin said: “Reputation is everything in this business. If you haven’t got that you haven’t got anything.” He added: “I’m glad the company have made the statement they have clearing my name but I have been negotiating my exit since the announcement of the profit warning. I think it’s clear I wasn’t going to be able to work with those individuals [on the board] again.”Martin is believed to have left the group with one year’s salary believed to be in the region of £300,000 and his full share allocation of around 750,000 shares. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was Famous, Now She Works In {State}MoneyPailUndoThe Sports DropForgotten College Basketball Stars: Where Are They Now?The Sports DropUndoBetterBe20 Stunning Female AthletesBetterBeUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoTaco RelishOnly People With An IQ Of 130 Can Name These ItemsTaco RelishUndo KCS-content Tags: NULLlast_img read more