Hurricane Florence weakens but insurance firms still braced for billion dollar losses September 13, 2018 Hurricane Florence has been downgraded but the “life-threatening” storm set to hit the US east coast later today could cost the insurance industry up to $20bn . More than a million people, as well as businesses have begun evacuation from the coastline as the storm prepares to devastate North and South Carolina. At least 800 [...]
EY boss hits back at calls to break up Big Four September 13, 2018 The global chief executive of EY has hit back at criticism of the Big Four financial services firms, which have been slammed for the lack of competition in the audit market following high-profile corporate collapses. The company, which today announced boosted global revenue of $34.8bn in the financial year to the end of June, came under [...]
EY boss hits back at calls to break up Big Four September 13, 2018 The global chief executive of EY has hit back at criticism of the Big Four financial services firms, which have been slammed for the lack of competition in the audit market following high-profile corporate collapses. The company, which today announced boosted global revenue of $34.8bn in the financial year to the end of June, came under [...]
WPP appoints Mel Edwards as Wunderman boss following Mark Read’s promotion to top job September 13, 2018 One of WPP's biggest ad agencies Wunderman today announced it had appointed a new chief executive to replace Mark Read. Following Read taking the top job earlier this month, WPP said Mel Edwards had been hired as the agency's chief executive, effective immediately. Edwards will oversee 9,200 people in 200 offices and 70 markets in the [...]
WPP appoints Mel Edwards as Wunderman boss following Mark Read’s promotion to top job September 13, 2018 One of WPP's biggest ad agencies Wunderman today announced it had appointed a new chief executive to replace Mark Read. Following Read taking the top job earlier this month, WPP said Mel Edwards had been hired as the agency's chief executive, effective immediately. Edwards will oversee 9,200 people in 200 offices and 70 markets in the [...]
Bank of England holds monetary policy unchanged amid “greater uncertainty”on Brexit September 13, 2018 The Bank of England today left monetary policy unchanged amid “greater uncertainty” in markets on the Brexit process and a worsening global trade outlook. The Bank's monetary policy committee (MPC) raised its main interest rate, bank rate, on 2 August, in only the second increase in the decade since the financial crisis began, but minutes [...]
Bank of England holds monetary policy unchanged amid “greater uncertainty”on Brexit September 13, 2018 The Bank of England today left monetary policy unchanged amid “greater uncertainty” in markets on the Brexit process and a worsening global trade outlook. The Bank's monetary policy committee (MPC) raised its main interest rate, bank rate, on 2 August, in only the second increase in the decade since the financial crisis began, but minutes [...]
Not what the customer ordered: Chinese hotpot chain suffers crash in stocks after rodent is found in soup September 13, 2018 For many restaurant owners there is nothing worse than a bad food review. Yet one Chinese hotpot outlet is proving that the consequences of a bad dish can be much more severe, after a dead rat in a pregnant customer’s soup has wiped $190m (£145m) off of the chain’s market value. Stock in China’s fast food [...]
Not what the customer ordered: Chinese hotpot chain suffers crash in stocks after rodent is found in soup September 13, 2018 For many restaurant owners there is nothing worse than a bad food review. Yet one Chinese hotpot outlet is proving that the consequences of a bad dish can be much more severe, after a dead rat in a pregnant customer’s soup has wiped $190m (£145m) off of the chain’s market value. Stock in China’s fast food [...]
JP Morgan reckon the next big financial crisis is only two years away September 13, 2018 It's been 10 years since the last major worldwide financial crash brought down Lehman Brothers, and according to JP Morgan the next crisis could be just round the corner. Strategists at the investment bank have created a model which predicts the timing and potential impact of the next financial crisis – and they reckon it'll happen [...]