John Allan, the chairman of Barratt Developments and Worldpay, not to mention the deputy chairman of Dixons Carphone and also a director of Royal Mail, has been named as the new chairman of the supermarket behemoth.
In order not to spread himself too thin, he has relinquished his directorial roles at Dixons and Carphone.
It has been a while since the banks were hitting the headlines (for all the wrong reasons) on a daily basis, but HSBC (LON:HSBA) found itself back in the glare of the interrogation lamp today, as Swiss police raided the offices of its Geneva-based subsidiary to further the investigation into alleged money laundering.
Meanwhile, Peter Oborne, the chief political commentator on the Daily Telegraph, has quit the newspaper after accusing the broadsheet of committing a "fraud" on readers by burying reports on the HSBC tax scandal.
Fans of the shipping forecast or WWI naval battles will be familiar with Dogger Bank in the North Sea.
The area, 80 miles off the coast of Yorkshire, is set to be dotted with wind turbines after the Energy Secretary waved through plans for the world's largest offshore wind farm.
On the subject of energy generation, APR Energy (LON:APR) has signed a contract renewal for its power generation contract in Iraq, taking the term through the end of 2015.
The power plant has been in operation since 2012 and comprises six GE TM2500 mobile gas turbines capable of generating more than 120 megawatts of electricity.
A lot of private investors have had their fingers burned by investing in Chinese companies and today's update from Naibu (LON:NBU) give a clue why.
The non-executive directors of the company have been trying to find out information about the company's financial position so they can update shareholders, but the company's chairman and executive director have done a bunk.
In order to clarify the position, the non-executive directors have appointed KPMG to prepare a report on the group's financial position, following which the non-executive directors will decide what steps to take regarding the continuing business of the group.
There is no truth to the rumours the company is to change its name from Naibu to Snafu.
Happier news from the small caps world comes from Zoo Digital (LON:ZOO), which has been selected by BBC Worldwide, the broadcaster's main commercial arm, to provide a new global subtitling and captioning solution.
Zoo's shares are up some 14%.
Another tiddler racking up a double-digit percentage gain is the increasingly inappropriately named Tangiers Petroleum (LON:TPET).
The Alaska-focused (I told you the name was inappropriate) explorer has successfully raised A7mln through a share placing.
Source: battleforgreenearth.blogspot.com
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