RETENTION NOT UPTAKE BLAMED FOR MALE RULE March 11, 2012 Some of the City’s most formidable faces gathered on Friday to discuss the plight of women in business. The panel, held the day after International Women’s Day, focussed on “the disappearance of talented women from the management pipeline of British companies,” putting the low number of women in boardrooms down to a problem of retention [...]
Trinity Mirror faces uproar over Sly Bailey’s pay packet March 11, 2012 TRINITY Mirror is said to be taking seriously concerns raised by top shareholders about the rewards bestowed on chief executive Sly Bailey, ahead of the media group’s results on Thursday. The company’s top shareholders – Schroders, Aviva Investors, Standard Life and Legal & General – collectively own 42 per cent of Trinity Mirror and have [...]
Olympic Media Buzz LONDON 2012 PARTNERS March 11, 2012 IN ASSOCIATION with Repskan.com, City A.M. is measuring the relative Olympic media buzz around the London 2012 Olympic and Paralympic Games partners, week by week. The leaderboard, right, reflects their ranking over the past week, in this case from Wednesday 29 February to Wednesday 7 March. The announcement that Adidas had its best-ever annual profits, [...]
UK retailers catch the February chill March 11, 2012 BRITISH RETAILERS suffered a slump in footfall last month as shoppers stayed away during the coldest February in over a decade and momentum from mid-market spenders continued to lag. The number of shoppers hitting Britain’s shops in February was down 5.7 per cent compared with the same month last year, according to research by retail [...]
Chair’s wife poised to join Volkswagen supervisory board March 11, 2012 URSULA Piech, the wife of Volkswagen chairman Ferdinand Piech, is poised to join the carmaker’s supervisory board at its annual meeting next month. A company spokeswoman confirmed yesterday that Ursula Piech would be a candidate for the board of Europe’s biggest carmaker, replacing TUI chief executive Michael Frenzel. Ferdinand Piech, who will turn 75 two [...]
The Lorax tops US box office March 11, 2012 Dr Seuss film “The Lorax” stayed firmly planted at number one on box office charts over the weekend, easily trumping the debut of Walt Disney’s expensive sci-fi flick “John Carter”. The animated “Lorax” notched its second win in a row with $39.1m (£25m) in US and Canadian ticket sales from Friday to yesterday, according to [...]
India to lift cotton exports ban March 11, 2012 India will lift a controversial ban on cotton exports just a week after imposing it, allowing more supplies into a global market that is oversupplied and which is likely to further push down international prices. The ban, announced unexpectedly on 5 March after a record 9.5m bales had been shipped, ran into criticism from the [...]
APPLE RUNS OUT OF IPADS ORDERED ONLINE March 11, 2012 Demand for the new iPad shot through the roof after the tablet was revealed by Apple boss Tim Cook last Wednesday, causing Apple to run out of stock. While the iPad will be available to customers willing to queue for it from this Friday, those who pre-order the tablet online are being told to expect [...]
London listing to fuel Sylvan March 11, 2012 A US oil and gas explorer is set to list in London this month with a market value of around £60m. Sylvan Energy, based in Pennsylvania, has hired Northland Capital Partners as adviser and broker as it prepares to raise £5m on the Alternative Investment Market. Sylvan, an onshore exploration and production firm, currently has [...]
Swatch chair aims for double digit sales growth this year March 11, 2012 THE chair of watchmaker Swatch said yesterday she hopes to see double-digit sales growth this year. “We have become used to recording double-digit growth rates so that eventually single-digit growth figures are almost seen as negative,” Nayla Hayek told the Blick am Sonntag newspaper in an interview. “But if everything goes well — all indications [...]
