Tesco turnaround marks the milestone for Drastic Dave April 10, 2019 In the never-ending debate about executive pay, examples of failure are cited more frequently than cases of good value for money. Recently the likes of WPP, Persimmon and Ted Baker have all demonstrated how the actions of the top boss can dent the fortunes of a company and frustrate shareholders. But despairing investors now have [...]
Crowdsourcing platform Limitless secures £5m in series A funding April 10, 2019 Brand ambassador platform Limitless Technology has secured £5m in funding as it looks to develop its machine learning technology. The company, which uses crowdsourcing to help businesses turn their customers into brand ambassadors, said it has bagged the funds in a series A round led by Albion VC. Read more: Grab looks to raise further $2bn [...]
Six tips to protect your portfolio during a market downturn April 3, 2019 When equity markets took a turn for the worse towards the end of last year, the onslaught of predictions about the end of the 10-year bull run came flooding in. With the markets creeping upwards since the start of 2019, it now seems that expectations of a bear market were premature. Even experienced fund managers [...]
Nine UK shares that tick all of Warren Buffett’s boxes March 26, 2019 | City Talk By Kyle Caldwell from interactive investor. Looking for equity-based ISA inspiration? We run through the investment checklist of the Berkshire Hathaway chairman to identify UK shares that pass his stockpicking rules. American investor Warren Buffett is to the world of investment what Lionel Messi is to football: the greatest of his generation in the profession [...]
Kodak shows how to compete with startups if you’re a heritage brand March 25, 2019 The digitalisation of our world has given with one hand and taken away with the other. It has created opportunities for new companies, and made household names such as Amstrad computers and Woolworths entirely redundant. Technological advancements have facilitated the emergence of startups that thrive on disrupting traditional business models. However, the decline of established [...]
I’d kill to be the chief exec of… Unilever March 22, 2019 Last week, Unilever’s chief executive Alan Jope announced that he would promote his rival for the top job – Nitin Paranjpe – to the newly created role of chief operations officer. He also said farewell to two other executive members – all in pursuit of the ever-elusive goal of three to five per cent top-line [...]
FTSE 100 risers and fallers: Index dips amid fears over global growth March 8, 2019 The FTSE 100 index slipped 0.7 per cent today driven by a plunge in gambling company GVC's shares and poor Chinese export data that has sparked fears over global growth. GVC led the day’s fallers with its share price 13.82 per cent down after dropping as low as 18 per cent earlier in the day after its chief [...]
Chemicals firm Croda stockpiles goods ahead of Brexit February 26, 2019 Chemical manufacturer Croda announced today it is stockpiling goods in mainland Europe and adapting its trading model in preparation for Brexit. Read more: Carney: UK growth 'guaranteed' to fall in no-deal Brexit The British firm, which supplies chemicals to Unilever, Proctor & Gamble and L'Oreal among others, also saw adjusted profit before tax tick up 1.2 [...]
Kraft Heinz share price plunges as SEC probe and losses spook Wall Street February 22, 2019 Consumer goods giant Kraft Heinz’s share price plunged almost 30 per cent this evening as a probe from US investigators and widening quarterly losses spooked investors. Shares in the company plummeted on Wall Street this afternoon as the firm wrote down the value of its Kraft and Oscar Mayer brands by $15bn (£11.5bn) and reported [...]
How will the EU act after Brexit? February 21, 2019 | City Talk Britain's planned departure from the EU exposes many issues. A key one is the economic path the UK will choose. Less commonly asked is what will the rest of the EU do. Perhaps this should figure more in the debate. Last year, President Macron suggested the EU move towards a core, built on closer political [...]