- Euromoney Institutional Investor has appointed Andrew Rashbass, chief executive of Reuters, part of Thomson Reuters, as executive chairman to succeed Richard Ensor who retires as the company's executive chairman at the end of this financial year on 30 September.

Euromoney said this follows a thorough search process undertaken by a committee of the board comprising non-executive directors only. Since July 2013, Rashbass has been the UK-based chief executive of Reuters, the news division of Thomson Reuters, the world's leading source of intelligent information for businesses and professionals. Before joining Reuters, he spent 15 years at The Economist Group, where for the last five years he was CEO and led its successful transformation from a traditional print business into a leading digital title. He was also Managing Director of and publisher of The Economist Newspaper.

At 1:03pm:

[LON:DMGT] Daily Mail and General Trust PLC share price was +11.5p at 923.5p

[LON:ERM] Euromoney Institutional Investor PLC share price was +43p at 1177p

Story provided by