Shaun Bailey elected as Conservative candidate for London mayoral elections September 28, 2018 Shaun Bailey will be the Conservative candidate for the London mayoral elections in 2020, the party has confirmed. He beat Andrew Boff and Joy Morrissey in the ballot of London Tory members, winning 43 per cent of votes. Boff won 35 per cent, while Morrissey took 21.4 per cent of the vote. The turnout [...]
Millennium & Copthorne Hotels boss steps down after just three months in role September 28, 2018 The chief exec of hotels group Millennium & Copthorne (M&C) has stepped down from the role just three months after taking over. A statement from the company said Jennifer Fox and M&C had "mutually agreed" she would leave with immediate effect. The firm's chief of staff Tan Kian Seng will step in as interim boss while [...]
Numis hiring spree to hit full-year profits September 28, 2018 Numis shares plunged this morning after the financial services firm said profits would be hit by a recent hiring spree at the company. Its share price dropped six per cent on Friday morning after it said full-year profits would be lower due to "investment in talented individuals across the business". The stockbroker said headcount [...]
Easyjet soars towards full-year profit targets September 28, 2018 Easyjet today told investors it expected to deliver strong headline profit in its full year results, despite warnings of a no-deal Brexit hitting the airline. The company said before tax, profit for the year was likely to come in between £570m and £580m, in the upper half of previous guidance. It said passenger numbers for [...]
Sir Martin Sorrell seals stock market return as S4 Capital shares enter market tomorrow September 27, 2018 Sir Martin Sorrell will seal his return to the stock market tomorrow when shares in his new advertising venture start trading under the name S4 Capital. A meeting of shell company Derriston Capital earlier today saw shareholders vote through all resolutions, rubber stamping the reverse takeover of S4 and its acquisition of Dutch agency MediaMonks. Sorrell purchased Derriston in [...]
Sainsbury’s-Asda merger will impact competition in 463 local areas, competition watchdog warns September 27, 2018 The UK competition authority today warned the mega merger between Asda and Sainsbury's could Seriously lessen competition in 463 local areas across the country. To solve the issue, the new business may have to sell off hundreds of the overlapping stores. Last week, the Competition and Markets Authority (CMA) said its concerns around the merger were [...]
Most tech workers prefer having an ‘outspoken’ boss, according to poll September 27, 2018 Most people have some experience of working under a loud or overbearing boss. But according to new research, most professionals in the tech sector actually prefer a chief exec who's outspoken. A poll by Weber Shandwick's found that tech employees prefer bosses who don't shy away from controversial issues. Of a group of 502 tech [...]
Indivior shares plunge as firm reduces full-year sales guidance September 27, 2018 Shares in addiction treatment pharma firm Indivior took a eight per cent hit this morning after it said sales for the year would be lower than expected. Indivior on Wednesday said full-year sales would be revised down to between $990m (£755m) and $1.02bn (£780m) from its February estimate of between $1.13bn and $1.17bn. In particular, it [...]
Saga’s voyage of recovery interrupted by declining profits September 27, 2018 Retirement insurance and travel firm Saga this morning said it was making strong progress on its recovery despite reporting declining underlying before-tax profit. Underlying profit at the firm dropped 3.7 per cent to £106.8m – which was due to Saga investing heavily in its business and marketing, chief exec Lance Batchelor told City A.M. The firm's [...]
Read reshuffles WPP as he combines two leading marketing agencies September 26, 2018 Advertising giant WPP continued consolidating its business today as it said it would merge two of its leading agencies. It confirmed it would combine VML and Y&R into a new agency called VMLY&R. It will be headed up by global chief exec Jon Cook, who will report to newly appointed WPP boss Mark Read. In his [...]
