Unilever to sell trio of haircare brands November 19, 2013 Anglo-Dutch company Unilever, announced on Tuesday it will be selling hair care brands- Soft & Beautiful, TCB and Pro-Line Comb-Thru. The brands are to be sold to Strength of Nature for an undisclosed amount. The sale does not include TCB's African business. President of Unilver North America, said: Soft & Beautiful, TCB and Pro-Line Comb-Thru [...]
Walmart offers $98 flat-screen TV in bid to lure holiday shoppers November 19, 2013 As competition heats up in the US retail sector in the run up to the holidays, Walmart is seeking to entice shoppers with a 32-inch flat-screen TV for only $98 (£61). The world's second largest corporation has also promised to match its competitors' best Black Friday deals a week early. Duncan Mac Naughton, chief merchandising [...]
Investment guru Icahn says it’s impossible to predict short term market moves November 19, 2013 After prompting a sell off in global equities, activist investor Carl Icahn has posted comments on his own website, Shareholder Square Table, in order to clarify remarks he made yesterday. At the Reuters Global Investment Outlook Summit, Icahn told attendees that he is "very cautious" on stocks, and that he could see a "big drop" [...]
Co-op chair Len Wardle resigns amid bank chaos November 19, 2013 Co-operative chair Len Wardle has announced that he will be resigning with immediate effect. Wardle had planned to retire next year, in May. He will be replaced by Ursula Lidbetter, who is currently group deputy chair and chief executive of the Lincolnshire Co-operative Society. The past week has seen former Co-op bank chairman Reverend Paul [...]
UK moves up ranking of competitive tax regimes November 19, 2013 THE UK is climbing the ranks of the most business-friendly tax regimes in the world, behind only three other countries in the western world. Only Ireland, Canada and Denmark beat the UK in Europe and North America, and the UK comes 14th overall, in a table of 189 tax jurisdictions worldwide. According to the newest [...]
Dot London to give Foxtons extra boost says Canaccord Genuity November 18, 2013 London focused estate agents, Foxtons, is set to benefit from the new dot London domain name, according to Canaccord Genuity. The US body responsible for domain names, ICANN, approved the dot London suffix last week. The Evening Standard reported that the domain named will need to be renewed every year for a fee, which London [...]
Without major reforms French growth will continue to fall short says Capital Economics November 18, 2013 Without major reforms the French economy will continue to fall short of consensus forecasts, according to Capital Economics. The French economy contracted by 0.1 per cent in the third quarter, with exports and investment both falling. While French firms debt to relative to equity and financial assets is lower than the Eurozone average but the [...]
US markets rip higher on open – Dow hits record high of 16,000 November 18, 2013 US equities are soaring on open, with the Dow hitting 16,000 (a record high) and the S&P 500 reaching 1,800. That follows record highs for Germany's Dax and world shares reaching their highest levels since January 2008.
Too many European banks surviving says chief regulator November 18, 2013 Too many European banks have survived over the past few years and more should have been wound down, according to a top European banking regulator. The chairman of the European Banking Authority (EBA), Andrea Enria, in an interview on Monday with Allgemeine Zeitung, said: I am convinced that too few banks in Europe have been [...]
Shootings in Paris leave man in critical condition November 18, 2013 A gunman has opened fire at La Defense outside the main office of Societe Generale in Paris, according to the French bank's Twitter account. Confirms that one man opened fire in front of the SG towers. No injuries, the police are on site and investigating. — Société Générale (@SocieteGenerale) November 18, 2013 This follows [...]
