WPP row with former boss Sir Martin Sorrell heats up as company claims it has been considering a move for MediaMonks ‘since November’ July 5, 2018 FTSE ad giant WPP today claimed it has been considering a takeover of Dutch agency MediaMonks since November 2017, as it described a rival bid from former boss Sir Martin Sorrell as “unlawful”. A letter sent by WPP's lawyers to Sorrell suggested the competing bid from his new marketing venture S4 was a "diversion of [...]
Amazon tops UK customer satisfaction rankings as Iceland becomes the UK’s top supermarket for the first time July 5, 2018 Amazon has been named the top company in the UK for customer satisfaction for the sixth consecutive year, while Iceland scored the number one spot in food retail for the first time. Amazon scored 86.7 out of a potential 100 points, followed closely by John Lewis which scored 86.5. Yorkshire Bank took joint third in [...]
What’s the difference between emerging and frontier markets? July 5, 2018 | City Talk Here’s the thing about labels: They always tell you more about the people who apply them than what they are applied to. Take “emerging market.” It is one of the few terms that applies to both India and China. These are not similar places. Business travellers from one have been known to check bags full [...]
London Assembly urges Sadiq Khan to use emergency powers to save Oxford Street July 5, 2018 The London Assembly has called on Sadiq Khan to consider using emergency powers to allow Oxford Street to go ahead despite Westminster City Council (WCC) scrapping it last month. The council pulled the plug on the mayor's flagship policy last week citing concerns the scheme did not have a "strong democratic mandate" for residents, some [...]
Online estate agent giant suffers share price drop amid expansion spree July 5, 2018 The share price in UK online estate agent Purplebricks tumbled nearly five per cent in early morning trading, as the firm announced widening pre-tax losses. Final results today show that pre-tax losses rose to more than £26m in the year leading up to April 30, up from just above £6m losses the year before, due [...]
Tory MP Owen Paterson thinks Jaguar Land Rover will thrive after Brexit July 5, 2018 A hard Brexit would leave Jaguar Land Rover (JLR) "better off", according to pro-Brexit MP Owen Paterson. The politician said the car manufacturer would benefit from cheaper car parts across the globe, in response to JLR boss Ralf Speth's warning that his firm's five-year £80bn investment plansfor the UK are threatened by a no deal [...]
Superdry’s share price skyrockets after announcing a second special dividend off the back of a bumper year July 5, 2018 British fashion retailer Superdry has announced its second special dividend in two years, after delivering double digit growth in sales and profits in its full year results. The group is issuing a full year ordinary dividend of 31.2p per share at an increase of 11.4 per cent, coupled with a special dividend of 25p per [...]
Brace yourselves: Major London Victoria disruption to continue tomorrow affecting Thameslink, Southern and Gatwick Express July 5, 2018 There is major disruption to and from London Victoria station due to a fault with a signalling system, and that is now expected to last into tomorrow. National Rail provided an update this morning saying the disruption will continue until at least 7am on Friday 6 July. Passengers have been advised not to travel via [...]
Ryanair urges cabin crew to come to the table over planned strike July 5, 2018 Ryanair has called on trade union Fórsa to engage with it to avoid air cabin crew joining pilots' proposed industrial action next week. The International Transport Workers' Federation (ITF), which represents crew at 86 of the budget airline's bases, and Fórsa yesterday voted for a day of strike action on Thursday (12 July), unless the [...]
Angry Trump Baby blimp given green light to fly over parliament during US President’s official visit July 5, 2018 A huge balloon called the angry 'Trump Baby' has been given the go-ahead to fly over the Houses of Parliament during the US President's visit to the UK next week. London mayor Sadiq Khan's Greater London Authority approved a request for the flight after thousands signed a petition and a crowdfunding campaign raised more than [...]