New year hangover for Diageo’s boss as expectations lowered again January 16, 2024 Diageo is continuing to feel the fall out from last year’s profit warning and a weakening demand for premium spirits, as analysts slashed expectations for the Guinness maker. The FTSE 100 firm, which also makes Smirnoff vodka and Captain Morgan rum, has around £29bn wiped off its market cap value over the past year amid [...]
Why Gen Z is avoiding the corporate ladder and what ‘tough questions’ it poses for business January 16, 2024 Generation Z is beginning to shrug off the corporate ladder climb, new research suggests, while some experts believe the UK entrepreneurial landscape – and the workplace – could be changing. An analysis of Companies House data by accounting firm Hazlewoods showed the number of Gen Z directors of UK companies jumped 42 per cent in [...]
Fujitsu ‘helped Post Office with prosecutions’ and staff knew of Horizon problems, MPs told January 16, 2024 The boss of scandal-stricken Fujitsu has said staff at the company pre-2010 knew there were issues with its Horizon technology.
Goldman Sachs ended 2023 strongly despite investment banking weakness January 16, 2024 Goldman Sachs reported that profit jumped at the end of 2023 as the bank’s asset and wealth management arm helped offset continued weakness in investment banking. In the three months to December, the bank’s net earnings climbed 51 per cent to $2.0bn, up from $1.3bn in the same period last year. The jump in profit [...]
Morgan Stanley: Profit hit by $500m in one-time charges but investment bank shines January 16, 2024 Morgan Stanley's profit missed analysts' estimates in the fourth quarter as it was hit by more than $500m (£395m) in one-time charges which offset a stronger performance from its flagship investment bank.
Ratcliffe appeals to United fans in private meeting January 16, 2024 He told fans he wants to restore a ruthless winning culture.
Heathrow: Ferrovial’s £2.4bn Saudi deal facing roadblock as other shareholders look to sell January 16, 2024 More of Heathrow's shareholders have said they plan on selling their stakes in the hub, placing a roadblock on Ferrovial's £2.4bn deal.
Dyson appoints battery veteran into CEO role January 16, 2024 Dyson has appointed an automotive industry veteran as its new chief executive as the electronics giant looks to branch into new industries.
Wiegman relishes “unfinished business” after renewing contract to 2027 January 16, 2024 Wiegman will lead England’s defence of the Euros title in Switzerland next year.
Rich Ricci: Who is the horse racing chief of the City’s newest investment bank? January 16, 2024 Racehorse owner Rich Ricci is set to be reunited with his former Barclays boss Bob Diamond with the merger of investment banks Panmure Gordon and Liberum.
