GOALS Soccer Centres finance director Bill Gow has sold shares worth £245,250, about 12 per cent of his holding in the East Kilbride-based five-a-side football pitch operator, it emerged yesterday.
Gow sold 150,000 shares at 163.5p each, leaving his holding at 1,123,145 shares or 2.1 per cent of the company.
News of Gow’s sale came as London-based “long only investment specialist” River & Mercantile Asset Management increased its stake in Goals Soccer Centres to 5.15 per cent from 3.65 per cent.
Wood’s engineering arm chief to retire
Mike Straughen yesterday announced he will retire next year as chief executive of Wood Group’s engineering division.
Group chief executive Bob Keiller is taking charge of the engineering unit, while Straughen has been asked by the board to oversee the Aberdeen-based outfit’s health and safety activities following the departure of executive committee member Trish Sentance.
News of Straughen’s planned retirement came as Wood Group said that it had won contracts in India over the past 12 months worth a total of $10 million (£6.4m).
Glencore identifies merger savings
Glencore will cut spending, shelve dozens of projects and squeeze more than expected from its record-breaking purchase of mining group Xstrata.
Commodities trader Glencore has been at pains to defend its $46 billion (£29bn) takeover of Xstrata, a blockbuster for the mining sector that came just as the commodities cycle turned.
The increase in the deal’s headline benefits was expected, given Glencore’s conservative targets. But the company’s promise of more to come was taken positively by the market, shares ending up 7.45p at 328.75p.
Numbers to double at Glasgow firm
Social media recruitment and marketing firm Connecting Corporates expects to double its number of employees to 40 as it moves into bigger offices in Glasgow.
The business, which trades as Winning Work and Social Media Search, became part of international recruitment firm Norman Broadbent last year.
Adam Gordon, managing director, said the growth was “a testament to the demand for our simple, unique” services.