London Capital Group and Richard Davey

Online Gambling NewsLondon Capital Group, the spreadbetting and internet financial service company has stated that the company accepted the resignation of the current Chairman Richard Davey. The main reason behind the resignation of the Chairman is the very disappointing numbers that got recorded in the financial reports concerning the financial performance of the 1st half of 2012 of the company.

London Capital Group has issued a statement on the 13th of August that stated that the person who is going to replace the departed Chairman, Richard Davey, is none other Giles Vardey. Giles Vardey has been appointed as a non exec Director last May and he is the person who is going to replace the departed Chairman.

In the middle of last July, the company has stated that the profits of the company before deducing the taxes during the 1st half of 2012 is going to suffer from a decrease of almost thirty three percent when compared to the first half of 2011. The profits of this year’s first half is going to reach 2 million British pounds. The statement also thanked Richard Davey for all of his efforts during his five years stay in the company as the Chairman. The statement also welcomed Giles Vardey who is going to replace the departing Chairman and welcomed him in his new role.

August 24, 2012 by : posted in Industry and Economy No Comments