Sir Martin Sorrell sweetens MediaMonks bid with shares in S4 Capital July 8, 2018 Ad guru Sir Martin Sorrell is sweetening his bid for Dutch digital agency MediaMonks by offering its executives a large amount of equity in his new business, S4 Capital, City A.M. understands. Over half (55 per cent) of MediaMonks is owned by private equity firm Bencis, while the rest is in the hands of a [...]
Google and Tencent announce tie-up to cross-license patents January 19, 2018 Google has signed a tie-up with Tencent in a bid to enhance its presence in China. The patent cross-licensing agreement will be “long-term” and covers a range of technologies, according to Google. Further terms of the deal were not disclosed but the company said it could open the door to closer collaboration in the future. [...]
Learning Technologies shares are flying as it becomes the only Aim-listed company to grab Goldman Sachs as a corporate broker February 16, 2018 The weight of investment banking giant Goldman Sachs is a force to be reckoned with, and Learning Technologies Group has found itself on the right side of that power today. The e-learning business, which is listed on London’s junior market Aim, saw its share price rise as much as 6.7 per cent in morning trading [...]
Taming the trolls isn’t just a matter of ethics for Twitter and Facebook: It makes good business sense January 23, 2018 Rejoice, ye City folk, for a study has found that, for the first time in years, trust in British businesses has actually risen. According to new figures from the annual Edelman Trust Barometer, the credibility of chief execs has risen 14 points in the last year, while board-level directors have been treated to a 10-point [...]
World’s largest Lego store opens in London’s Leicester Square November 17, 2016 The world's biggest Lego store opened its doors in London's Leicester Square earlier today. The store, which is the 131st to open worldwide, features a life-sized Underground Tube carriage, where visitors can pretend to take a trip with a Royal Guard and a rather famous bard, but without the signal failures. The carriage, which took [...]
Lego’s not playing around: Toymaker appoints first British chief executive in structure shake-up to build for the future December 6, 2016 It's all go at Lego at the moment. The company's just announced that Jorgen Vig Knudstorp is stepping down from his position as chief executive and will be replaced by Bali Padda. Padda, currently chief operations officer at the firm, will be the Danish toymaker's first British chief executive and assumes the role on 1 January 2017, with [...]
Peppa Pig and Teletubbies toy maker dumps its finance director September 15, 2017 Shares in toy company Character Group dropped more than three per cent today after the company ditched its finance director. An announcement this morning said that the firm’s board had “lost confidence” in Mark Dowding, the company secretary and group finance director. Read more: Is playtime over? Toys R Us explores bankruptcy Following a board [...]
Lego “not planning any future promotional activity” with Daily Mail amid protests at recent coverage November 12, 2016 Lego is “not planning any future promotional activity” with the Daily Mail, in an apparent protest at its editorial content. Stop Funding Hate, a group campaigning for companies like John Lewis and Waitrose to pull advertising from certain tabloid newspapers, has claimed the move by Lego as a victory. DMGT, the owner of the Daily Mail, [...]
Lego reveals ambition to make toys for millions more children around the world March 9, 2017 Lego, the world's largest toymaker, said today it had generated the highest revenue in its 85-year history despite a soft European market. The figures Revenue rose by 6.0 per cent to DKK 37.9bn (£4.4bn), rising by 5.5 per cent on a constant currency basis. Operating profit for 2016 was DKK12.4bn compared with DKK 12.2bn in 2015. [...]
Guess which British stalwart has just been named the UK’s favourite brand again February 27, 2017 British Airways may have hit some turbulence thanks to the weak pound, but when it comes to its brand value, the airline is sailing smoothly on, after it topped a ranking of the UK's favourite brands – again. It's the fourth year in a row BA has topped the Superbrands index, an annual survey of consumers' views [...]