Business news in brief: British Retail Consortium | P&G | Vue | YoYo Games

Published on 25/08/2012 00:00

THE chief executive of B&Q owner Kingfisher has been named the next chairman of the British Retail Consortium (BRC).

Ian Cheshire takes over from former Debenhams boss Rob Templeman on 1 October and will serve for two years. The BRC also said Helen Dickinson, who has spent 20 years at KPMG, will take up the post of director-general on 1 January, replacing Stephen Robertson.

P&G chief sees pay cut – to just £9.6m

Procter & Gamble chief executive Bob McDonald saw his pay fall 6 per cent last year amid a major overhaul at the owner of Duracell batteries and Pampers nappies.

McDonald, who has headed the world’s largest household products company since 2009, earned nearly $15.2 million (£9.6m) in the year to June, down from $16.2m the previous year, according to a filing P&G made with the US Securities and Exchange Commission.

Cinemas to be sold after OFI concerns

Vue Entertainment has offered to sell some cinemas after the Office of Fair Trading (OFT) said its acquisition of 14 sites from rival Apollo raised competition concerns in four areas in England and Wales.

The watchdog said the sale should resolve its concerns over a lack of choice and “potentially unwelcome price rises” in the affected areas and it will consider the proposals from Vue, which ran 71 UK cinemas before the deal, including sites in Aberdeen and Glasgow.

YoYo unveils games for Nook e–book

A Scottish video game company has created a range of games designed to run on Nook, the electronic book that US retailer Barnes & Noble is set to bring to the UK.

Dundee-based YoYo Games has used its own technology to publish nine titles for the device, which will compete against Amazon’s Kindle and WH Smith’s Kobo e-readers when it goes on sale in October.