What millennials want: Not what you think November 29, 2018 | City Talk Everyone thinks they have millennials figured out. But a new report suggests we don’t know what we think we know about this critical demographic, especially when it comes to investing. And that’s a big deal for finance professionals. Think about it: Millennials are poised to inherit about $30 trillion in the next 30 years. If [...]
Whitehall tells late payment outsourcers to ‘clean up their act’ or face not winning public contracts November 29, 2018 Government contractors who do not pay suppliers on time could be prevented from winning public contracts altogether, Whitehall has said. Cabinet Office (CO) minister Oliver Dowden announced the crackdown this morning, which will see serial slackers on supplier payments forced to “clean up their act” or face being prevented from winning new contracts from Autumn 2019. [...]
Regulators tell TV advertisers to make small print clearer November 29, 2018 Advertising regulators today announced a crackdown on misleading TV ads by introducing new standards for small print. Under new standards published by the Broadcast Committee of Advertising Practice (BCAP), TV advertisers will be required to emphasise qualifying information, ensure on-screen text is easy to read and allow viewers enough time to read it The changes [...]
Icelandair abandons $25m takeover of budget carrier Wow Air agreed earlier this month November 29, 2018 Icelandair has backtracked on its proposed $25m (£19.6m) acquisition of budget airline Wow Air by mutual agreement, after signing the deal only earlier this month. In an update to the Icelandic Stock exchange, the country's flag carrier confirmed the purchase agreement signed on 5 November has been cancelled. It said that it would be unlikely that all of [...]
Ashtead chief executive to step down next May, replaced by chief executive of US arm November 29, 2018 Industrial equipment rental company Ashtead’s shares were up 5.7 per cent this morning as it announced chief executive Geoff Drabble is to step down in May after nearly 12 years in charge. Chief operating officer Brendan Horgan, who is also chief executive of the group’s North American business Sunbelt Rentals, will succeed Drabble on 1 May. [...]
Software giant Adobe invests £63.5m in UK as creative sector booms November 29, 2018 Adobe will invest £63.5m in its UK operations and increase its workforce by over 20 per cent over the next three years, the company said today. The investment is the latest British expansion by the US-based software company, which has grown its UK workforce by 30 per cent in the last two years. The Department for [...]
Britvic profits fizz in the face of challenging year as low sugar alternatives surge November 29, 2018 Britvic, PepsiCo's UK producer, defied a flat retail market hit by a CO2 shortage this summer to exceed expectations in its full year results, giving share prices a five per cent boost. But as traders felt the sugar rush this morning, consumers have done the opposite, moving towards low and zero-sugar alternatives in the wake [...]
Britain and US agree new post-Brexit open skies arrangement November 29, 2018 Britain and the US have reached a deal on a new open skies aviation agreement after the UK leaves the EU in March 2019. The agreement will replace the existing EU aviation agreement with the US and guarantee that planes flying from the UK will have the same access to the US as they do [...]
Elon Musk abandons second LA hyperloop tunnel, opting for another instead November 29, 2018 Billionaire entrepreneur Elon Musk has ducked out of plans to build a second high-speed passenger train tunnel in Los Angeles, after litigation forced his firm The Boring Company to back down from the project. Musk had plans to build the 2.7 mile-long Sepulveda tunnel on the western side of LA, however has since ditched development after [...]
Hostelworld camps down for flat growth but hints at future bookings boost November 29, 2018 Hostelworld today said its projected earnings for the full year are in line with expectations as it wraps up a strategic review to boost bookings in the coming years. The Dublin-based company said earnings before interest, taxes, depreciation and amortisation are on track to meet the board’s expectations, but that like-for-like bookings are likely to [...]