S4 Capital shares plummett almost 20 per cent after Sir Martin Sorrell’s firm hit by tech slowdown July 24, 2023 Sir Martin Sorrell’s digital marketing giant S4 Capital provided a disappointing update for the second quarter, as its shares plummeted off the back of a tech slowdown. The company said its net revenue was below budget in the last few months due to the economic climate, with the technology sector hit particularly hard. Following the [...]
Vodafone slows decline in Europe as new CFO inherits all-too-red balance sheet July 24, 2023 Vodafone has managed to slow revenue declines in vital European markets as CEO Margherita Della Valle looks to turn around the ailing telecoms giant. In what it described as a “better” first quarterly earnings report than what was forecast, Vodafone told markets it had seen a near-6 per cent year on year revenue uplift in [...]
Zillah’s back: M&C Saatchi boss MacLennan to retire with ex-Future boss taking interim charge July 24, 2023 M&C Saatchi’s long-term chief executive Moray MacLennan will retire from the role after nearly three decades at the helm. The veteran, who was part of its founding team in 1995, will be replaced by chair and former Future CEO Zillah Byng-Thorne in the interim, until a permanent decision is made. Following the announcement this morning, [...]
Boeing delays don’t take shine off Ryanair’s post-pandemic takeoff July 24, 2023 Ryanair saw its first quarter profits fly past pre-pandemic levels to €663m (£572m) in the three months up to the end of June as it cashed in on soaring demand and rising ticket fares. The budget carrier is currently operating its largest ever summer schedule and said passenger traffic rose 11 per cent to 50.4 [...]
Inland Homes welcomes second CEO in under 12 months July 24, 2023 Inland Homes has revealed its new chief executive alongside plans for a £4m acquisition of rival North Country Homes. The London-listed real estate development firm has appointed Jolyon Harrison as head of the company. This is the company’s third CEO in a short period of time, as former chief Stephen Wicks stepped down last September [...]
Liontrust waives key GAM offer term after spat with rebel shareholders July 24, 2023 Liontrust Asset Management has backed down on a key condition of its offer for Swiss rival GAM today after facing from a rival group of shareholders on its offer.
The Notebook: Neil Clifford on dyslexia, profit with purpose and the greatest American asset July 24, 2023 Where interesting people say interesting things. Today, it’s Neil Clifford, chief executive of London luxury brand Kurt Geiger Profit with purpose is keeping us on the right track I left school in 1983 with a single qualification to my name: an O-level in art. I was dyslexic, but I didn’t find that out until years [...]
Macquarie’s role in UK gas network should ‘concern’ government, MP warns July 24, 2023 Macquarie’s growing role in the country’s gas network has raised the concerns of the chair of an influential Westminster committee.
Shapps has fired the starting gun on UK nuclear hopes but there must be no more delays July 24, 2023 Grant Shapps turned up fashionably late to the launch of industry vehicle Great British Nuclear, but the country needs no more delays.
Octopus Energy pledges £15bn investment in offshore wind by the end of the decade July 24, 2023 Octopus Energy will team up with institutional investors to spend $20bn (£15.6bn) on offshore wind projects over the rest of the decade.`
