Weight Watchers share price rises by 12.57 per cent as it surpasses expectations in the first quarter May 4, 2016 Weight Watchers shares have soared by over 14 per cent in after hours trading, after the company’s results for the first quarter came in ahead of expectations. Net revenue declined by 4.7 per cent, from $322m (£222m) in the first quarter of 2015, to $307m. The company posted a loss of $0.17 per share, compared [...]
Kraft Heinz sales jumped 165 per cent in the first quarter – due to the merger May 4, 2016 Kraft Heinz has revealed a massive jump in sales during the three months to 3 April, driving the group's share price up by over five per cent in after hours trading. The company, which was formed out of the merger of Kraft and Heinz last year, said a 165 per cent increase in sales – [...]
Are emerging markets getting their mojo back? May 4, 2016 Emerging markets may be getting some of their mojo back after a tough couple of years. So says Goldman Sachs Asset Management (GSAM), citing a rally in emerging market bonds. Yacov Arnopolin, a portfolio manager for the GSAM emerging markets debt team, is encouraged that the recent interest in emerging markets has been broad-based and [...]
Top Cat advert might be the top dog for Halifax May 4, 2016 In its new campaign aimed at first time buyers, Halifax has incorporated the cartoon character Top Cat into its television, print and online push. The campaign has been ridiculed in some quarters, particularly on social media. Sharp-witted users have been quick to remind Halifax that Top Cat in fact resided in far less salubrious surroundings [...]
City Moves for 4 May 2016 | Who’s switching jobs May 4, 2016 Marsh Marsh, the insurance broker and risk adviser and a wholly owned subsidiary of Marsh & McLennan Companies, has announced that Abbey Sturrock has joined the firm’s political risk and structured credit practice as a senior vice president within the public agency group. Based in London, Abbey will be responsible for delivering Marsh’s market-leading advisory [...]
Zac Goldsmith seems to have found his mojo: But is it too late to defeat Sadiq Khan? May 3, 2016 City Social, on the 24th floor of Tower 42, is used to hosting London’s power brokers, and it would take an interesting guest to tempt the diners to look up from their menus or their phones. Nobody reaches for their cameras when I take a window seat with Zac Goldsmith, but they definitely notice him. [...]
City Moves for 3 May 2016 | Who’s switching jobs May 3, 2016 TP Bennett TP Bennett has added to its architectural team with a new senior director appointment. Neil Sterling joins as director to further strengthen the architectural team’s position in the commercial office, residential and retail markets. With over 16 years’ experience of front-end design and hands-on delivery, Neil’s previous role was at 3DReid, where he [...]
Just what has the EU got against e-cigs? May 3, 2016 The e-cig is one of the great success stories of our time. For decades, public health officials have worried about the effects of tobacco smoking, and market-driven innovation has ridden to the rescue. What a triumph the e-cig, or vaping, could prove to be. Public Health England concluded last year that these little devices are 95 [...]
London mayoral election: Questions remain for the leading candidates April 29, 2016 London's mayoral election is less than a week away and, although the result will cause barely a ripple in financial markets, its implications for the capital's economy should not be downplayed. Khan and Goldsmith have both made pains to position themselves as pro-business, and London is lucky to have two candidates ostensibly in favour of [...]
Dobson fuels City’s spring of discontent April 29, 2016 Appearances can be deceptive. At first glance, yesterday’s vote on Michael Dobson’s accession to the chairmanship of Schroders resembled a conventional boardroom coronation – but then it would, wouldn’t it? Just 15 per cent of investors in the fund management group opposed his re-election to the board, but with 47 per cent of the company, [...]
