Magazine publisher Future looks ahead as earnings tipped to beat market expectations September 3, 2018 Future said today its full-year earnings should beat market expectations, fuelled by three acquisitions as it bought up rivals and expanded into the US. The specialist media publisher credited the World Cup and larger-than-expected product launches for its performance in the 12 months to the end of September in today’s trading update. What Hi-Fi?, FourFourTwo, [...]
Turkey’s central bank vows to act as inflation hits 18 per cent September 3, 2018 Turkey's central bank has pledged to take action as it was revealed that inflation hit almost 18 per cent last month amid a deepening financial crisis. The Consumer Price Index was up to 17.9 per cent in August compared to the same month last year, the Turkish Statistical Institute said. Inflation figures for July were [...]
12 Hay Hill in Mayfair shows shared workspaces are going upmarket to capture the professional crowd September 3, 2018 Coworking spaces seem to be taking over the city. Right now, the largest private-sector occupier of office space in central London isn’t a tech firm or major bank. It’s WeWork, a leading provider of shared workspaces. And coworking is big business: WeWork was valued at £27bn in June, making it the world’s second most valuable [...]
From pay gaps to personal data, the public wants business to use its voice September 3, 2018 For generations, good business has been seen as the very foundation of prosperity, job creation, and delivering products and services that improve all our lives. But today business is facing some fundamental questions about its role in society. Is it a solution for or a driver of inequality? Should its voice be heard on the [...]
DEBATE: With PwC letting workers choose their own hours, is the 9-to-5 working week still relevant? September 3, 2018 With PwC letting workers choose their own hours, is the 9-to-5 working week still relevant? While the idea of the traditional 9-5 might be shifting in terms of where and how we work, we certainly shouldn’t abandon the principle of specific working hours altogether. There is no denying that technology is a fantastic enabler which [...]
Europe will always be a major partner, but London’s future lies with the whole world September 3, 2018 Last week I was delighted to join the Prime Minister’s business delegation as we visited three growing and outward facing African nations. As the lord mayor of London, I will spend over 100 days of this year visiting between 25 and 30 countries, selling this great city all over the globe – from Tokyo to [...]
The media’s greatest enemy isn’t Trump, it’s the tech titans September 3, 2018 What is the biggest threat to the future of the media: President Donald Trump, or Silicon Valley? In the presidential corner, Trump’s regular attacks on the “fake news media” have provoked a robust response. This summer, newspapers coordinated a string of editorials defending the essential role of the press as a lens on power and [...]
Royal Mail seals a £213m deal for Canadian parcel firm Dicom September 3, 2018 Royal Mail has bought up the Canadian business of parcel delivery firm Dicom for C$360m (£213.4m) through its international arm General Logistics Systems (GLS), taking the British postal service across the Atlantic. The group said the deal, which will be funded through existing borrowing facilities, is expected to start bringing in earnings and cash flow for Royal [...]
WPP confirms Mark Read as top boss Sir Martin Sorrell’s replacement September 3, 2018 WPP has confirmed the appointment of Mark Read as chief executive of the world's largest marketing agency, replacing its founder Sir Martin Sorrell who left the role in April. Read had long been the bookies' favourite for the position, although other top names such as IBM's David Kenny and industry veteran Hamish McLennan had also [...]
Footasylum share price halved after second profit warning in a year September 3, 2018 Shares in Footasylum have plummeted this morning after the company said it will make a loss in the first half of the year. The sportswear retailer said that squeezed margins and higher investment costs would weigh on earnings for the full year, while revenue is now expected to be below market expectations. Shares fell 47 [...]