Survey claims bonuses fail to drive workers October 21, 2013 NEW RESEARCH from the Institute of Leadership and Management (ILM) suggests that bonuses are not a major contributor to an employee’s motivation to work. According to an ILM report released yesterday, only 13 per cent of 1,000 employees surveyed said performance-related financial incentives were among the top three things motivating them at work. Those employees [...]
Munich Re plays down threat from rivals October 21, 2013 REINSURER Munich Re said yesterday it expects to keep its pricing power steady in renewing risk cover contracts with insurers in the coming weeks, playing down the competitive threat from pension fund investors that may undermine prices. The world’s biggest reinsurer said it was well positioned for negotiations with insurance companies for new contracts for [...]
Informa upbeat for full year on steady growth October 21, 2013 PUBLISHER and events group Informa said yesterday that it is confident it can meet full year expectations on the back of a strong third quarter. The group reported organic growth of 1.1 per cent in the nine months to 30 September as it updated the market yesterday, with its academic information division seeing revenue growth [...]
Analyst Views: What do you make of Informa’s nine month trading update? October 21, 2013 PATRICK YAU PEEL HUNT The third quarter looks good, although timing has helped. Guidance for the full year is unchanged. Looking to 2014, the main issue for forecasts seems to be currency rather than trading assumptions, with the dollar especially a key factor. We put our recommendation and target price under review. NICK DEMPSEY BARCLAYS [...]
Hugo Boss backer makes £100m profit October 21, 2013 SVG CAPITAL, the FTSE 250 investor, said yesterday it has received £110.9m after fashion label Hugo Boss was recapitalised by its backer Permira, leaving it with a stake valued at £308.6m. SVG, a feeder fund to Permira, said this was a 47 per cent increase on its original investment.
New pensions may not be enough October 21, 2013 According to a new report released by the Pensions Policy Institute today, the new system of auto-enrolment for workplace pensions may not be enough to provide an adequate income for people to live on in retirement. The report suggests that if a worker aims to live on two thirds of their working income while in [...]
Quindell Portfolio seeks full listing October 21, 2013 Insurance claims processor Quindell Portfolio announced yesterday it is seeking a full listing on the London Stock Exchange in March, with the possibility of a dual listing in Canada. The firm said it is now involved in one in four claims being handled by UK insurers. In its third quarter trading statement, the firm said [...]
Senior predicted to meet forecasts October 21, 2013 Global manufacturing group Senior said its profits were in line with expectations for the trading period from July and for the rest of the financial year. In an interim statement, the firm said cash generation was “healthy”, with net debt of £61m at the end of September – £10m lower than at the start of [...]
Fast food sales growth slows at McDonald’s October 21, 2013 MCDONALD’S missed forecasts with its quarterly revenue figures yesterday, and warned that global sales in October are likely to be flat on last year. Sales at stores opened for at least 12 months rose 0.9 per cent in the third quarter, missing analysts’ expectations of a one per cent rise, according to Consensus Metrix. A [...]
Hasbro shifting more toys outside the United States as earnings rise October 21, 2013 TOY GROUP Hasbro yesterday topped Wall Street’s profit estimates in the third quarter as strong overseas demand and cost controls helped overshadow weakness at home. The company behind Monopoly and My Little Pony continues to operate in “a challenging economic environment in many developed economies”, chief executive Brian Goldner said in a conference call. Revenue [...]
