Square Mile property deals soar at start of July July 10, 2019 City of of London property deals spiked this month, according to research that shows more money was exchanged in the first week of July than the whole of last month. More than £400m was exchanged in the first week of the month, overtaking the £318m exchanged in the entire month of June, figures published by [...]
Dixons Carphone executives delay bonuses July 10, 2019 Dixons Carphone executives have agreed to defer their annual bonuses as their turnaround plan has not lifted the company’s share price. Chief executive Alex Baldock and finance chief Jonny Mason requested that the payments are made in shares and are delayed for two years. Read more: Dixons Carphone shares plunge further as hefty loss rattles [...]
Philip Day on track to delist Bonmarche as Artemis sells July 10, 2019 Billionaire Philip Day is on track to take embattled retailer Bonmarche private after Artemis, the firm’s last major institutional investor, sold its stake. Artemis has offloaded its 12 per cent stake in the business to Spectre, Day’s Dubai-based holding company. Read more: Bonmarche makes dramatic U-turn on takeover bid The transaction brings Day’s stake up [...]
Superdry hires headhunters to replace interim CEO Julian Dunkerton July 10, 2019 Superdry has appointed headhunters to hire a new chief executive to replace interim boss and co-founder Julian Dunkerton. The embattled fashion retailer said today that Dunkerton, who made a dramatic return to the company earlier this year following a bitter boardroom battle, would remain closely involved in the firm. Read more: Superdry slips to a [...]
B&Q owner Kingfisher suffers shareholder rebellion over executive pay July 9, 2019 B&Q owner Kingfisher today suffered a shareholder rebellion over executive pay as investors opposed the chief executive and finance chief’s combined pay packet of more than £3m. Almost a quarter of shareholder’s that took part in the vote opposed the remuneration report, which will see chief executive Veronique Laury, who is set to step down [...]
Pepsico beats analyst expectations in second quarter results July 9, 2019 Pepsico reported boosted revenue growth and profit today, beating analyst expectations in its second quarter results. The company, which owns brands such as Pepsi, Doritos and Tropicana, said net revenue growth was 2.2 per cent in the second quarter and 2.4 per cent in the year-to-date. Read more: Reckitt Benckiser picks Pepsico executive for top [...]
Woodford investors blocked from switching from Hargreaves Lansdown July 9, 2019 Customers that invested in Neil Woodford’s suspended flagship fund through Hargreaves Lansdown have been blocked from switching investment platforms, according to evidence submitted to the Treasury Committee’s inquiry into the scandal. Richard Wilson, chief executive of rival fund supermarket Interactive Investor, said investors had “both hands tied” after Link Fund Solutions, the authorised fund manager, [...]
Crowdcube pledges break £100m barrier in first half of 2019 July 9, 2019 Crowdcube reported record levels of investment and revenue in the first half of the year as more than £100m was pledged on the fundraising platform. Revenue is up 39 per cent to £3.72m compared the first half of 2018 and £103.4m was pledged to growing companies through the platform. Read more: Crowdcube raises £8.5m In [...]
Investor enthusiasm for UK commercial property slumps July 9, 2019 Investor enthusiasm for commercial property in the UK has slumped further as sentiment swings towards France and Germany. Only 27 per cent of international professional real estate investors said the UK is their preferred market, down four per cent in the last 12 months as Brexit uncertainty continues to weigh on investor sentiment. Read more: [...]
Remy Cointreau chief executive steps down for personal reasons July 9, 2019 The chief executive of French spirits company Remy Cointreau will step down at the end of the year for personal reasons. Valerie Chapoulaud-Floquet, 56, will continue to exercise her mandate until a successor is appointed. Read more: Remy Cointreau keeps its spirits up She joined the group in September 2014 and led the company’s development [...]
