WPP appoints Mel Edwards as Wunderman boss following Mark Read’s promotion to top job September 13, 2018 One of WPP's biggest ad agencies Wunderman today announced it had appointed a new chief executive to replace Mark Read. Following Read taking the top job earlier this month, WPP said Mel Edwards had been hired as the agency's chief executive, effective immediately. Edwards will oversee 9,200 people in 200 offices and 70 markets in the [...]
JP Morgan reckon the next big financial crisis is only two years away September 13, 2018 It's been 10 years since the last major worldwide financial crash brought down Lehman Brothers, and according to JP Morgan the next crisis could be just round the corner. Strategists at the investment bank have created a model which predicts the timing and potential impact of the next financial crisis – and they reckon it'll happen [...]
JP Morgan reckon the next big financial crisis is only two years away September 13, 2018 It's been 10 years since the last major worldwide financial crash brought down Lehman Brothers, and according to JP Morgan the next crisis could be just round the corner. Strategists at the investment bank have created a model which predicts the timing and potential impact of the next financial crisis – and they reckon it'll happen [...]
FTSE 100 bookie GVC gambles on ‘aggressive’ expansion as profits rise in first half September 13, 2018 The boss of FTSE 100 betting company GVC, which owns brands like Ladbrokes, Coral and Bwin, today said the firm was ready to "aggressively" expand and take the fight to its competitors after posting decent interim results. GVC proforma revenues rose eight per cent to £1.7bn, while gross profit jumped six per cent to £1.2bn. The firm was helped [...]
FTSE 100 bookie GVC gambles on ‘aggressive’ expansion as profits rise in first half September 13, 2018 The boss of FTSE 100 betting company GVC, which owns brands like Ladbrokes, Coral and Bwin, today said the firm was ready to "aggressively" expand and take the fight to its competitors after posting decent interim results. GVC proforma revenues rose eight per cent to £1.7bn, while gross profit jumped six per cent to £1.2bn. The firm was helped [...]
British Airways pension scheme strikes landmark £4.4bn deal with L&G September 13, 2018 British Airways (BA) has this morning struck a bumper deal to insure £4.4bn worth of pension liabilities in its Airways Pension Scheme (APS). Insurer Legal & General will cover the enormous pension buy-in, which represents the largest ever so called bulk annuity transfer with a UK pension scheme. The contract will see L&G agree to [...]
British Airways pension scheme strikes landmark £4.4bn deal with L&G September 13, 2018 British Airways (BA) has this morning struck a bumper deal to insure £4.4bn worth of pension liabilities in its Airways Pension Scheme (APS). Insurer Legal & General will cover the enormous pension buy-in, which represents the largest ever so called bulk annuity transfer with a UK pension scheme. The contract will see L&G agree to [...]
Sorrell lays out expansion plans for new advertising venture S4 Capital ahead of market comeback September 12, 2018 Ad guru Sir Martin Sorrell today laid out ambitious plans to expand new venture S4 Capital after it starts trading shares later this month, in a move which could step on the toes of his former employer WPP. The founder of the advertising goliath is using a shell company, Derriston Capital, to launch his new business [...]
Sorrell lays out expansion plans for new advertising venture S4 Capital ahead of market comeback September 12, 2018 Ad guru Sir Martin Sorrell today laid out ambitious plans to expand new venture S4 Capital after it starts trading shares later this month, in a move which could step on the toes of his former employer WPP. The founder of the advertising goliath is using a shell company, Derriston Capital, to launch his new business [...]
Snap shares plunge as influential analyst cuts its rating to sell in disparaging note September 12, 2018 Tech giant Snap shed nearly 10 per cent of its share price today after an influential analyst released a disparaging note on the firm's fortunes and slapped it with a "sell" rating. BTIG analyst Richard Greenfield urged investors to sell the stock in a note, saying he was "tired of watching Snapchat decline from the [...]
