How to land that bumper bonus May 7, 2015 TACTICS are always important when negotiating a salary for a new job, a pay rise, or a bonus. Playing for high stakes, investment bankers have settled on their technique. The trick, according to numbers from salary benchmarking site Emolument.com? Look unhappy. In fact, look furious. If nobody knows how much their colleagues have been paid, [...]
No problems for Spotify chair May 7, 2015 WHAT do you do when a hip-hop mogul tries to muscle in on your territory? If you’re Spotify chairman and co-founder Martin Lorentzon you hit them with a zippy one-liner. When asked what he would do about Jay-Z, given the rap king’s push into music streaming with his Tidal service, Lorentzon said: “I would say [...]
Derwent reaps £11m rent on London offices May 7, 2015 DERWENT London said yesterday that it has secured 23 per cent more rent this year so far than it achieved for the whole of 2014, as appetite for office space in central London continued unabated. The FTSE 250 developer, which owns the Tea Building in Shoreditch and Burberry’s offices at Horseferry House in Victoria, has [...]
Galliford Try wins £55m of school projects May 7, 2015 GALLIFORD Try said yesterday that it has won two new contracts in the education sector worth up to £55m. The FTSE 250’s construction business Morrison Construction will refurbish four primary schools in Scotland after being appointed preferred bidder by Moray Council. Its building business has also won a £38m contract in Hull and East Riding [...]
Morrisons boss says customers key to survival May 7, 2015 MORRISONS new chief executive David Potts said yesterday that it would take more weeks of listening to customers and staff to understand how to bring the “British underdog” back to life, as it reported a further drop in sales. In his first trading update since taking over the reins in March, Potts said he had [...]
Analyst Views: What was your reaction to Morrisons’ first update under potts? May 7, 2015 BRUNO MONTEYNE | BERNSTEIN While we count the new chief executive David Potts as a great addition to the team, we think the task of repositioning Morrisons is much harder than for Tesco as it has less competitive advantages and it will take much longer than what currently is embedded in consensus margin expectations. CLIVE [...]
Defence firm BAE expects improvement on last year as government orders rise May 7, 2015 BAE SYSTEMS said it was making good progress in a statement released at yesterday’s annual general meeting, despite facing significant currency headwinds this year. The company said it expects earnings per share to be “marginally higher” than in 2014 with expectations of further naval and aircraft orders. BAE, like many defence firms, has faced increased [...]
Finmeccanica wins €3.5bn deal to supply Italian naval vessels May 7, 2015 ITALIAN defence giant Finmeccanica confirmed yesterday it had won a €3.5bn (£2.6bn) contract to construct six new patrol vessels for Italy’s navy, with the option of four more. In addition, the company will supply a logistical support unit and a landing unit as part of the contract, which is being taken on alongside the Fincantieri [...]
Sofa chain SCS less than comfy as sales slump May 7, 2015 SHARES in SCS plunged 31.3 per cent last night after the sofa chain blamed the warmer weather and uncertainty over the General Election for a sharp slide in sales in April. The retailer, which floated earlier this year, said its like-for-like order intake dropped by 15.9 per cent in the four weeks to 2 May [...]
City Moves for 08 May 2015 | Who’s switching jobs May 7, 2015 Cording Real Estate Group The real estate investment management firm has appointed Ewan Montgomery as director of investment in its London office. He joins from Aberdeen Asset Management, where he was a property fund director. Montgomery has also held roles at CBRE. Lloyds Banking Group Richard Jones has been appointed managing director for Black Horse [...]
