WPP shares drop 16 per cent after third quarter sales slump October 25, 2018 Shares in the world's largest advertising group WPP have slumped 15 per cent after cutting its sales outlook for the year. WPP's third quarter net sales fell 1.5 per cent in the third quarter having climbed 0.7 per cent in the previous three months in the aftermath of the departure of chief executive Sir Martin Sorrell. [...]
Hit the brakes: Watchdog bans adverts by Ford, Nissan and Fiat October 24, 2018 Ford, Nissan and Fiat have all had adverts banned today after the Advertising Standards Authority (ASA) ruled that the three car manufacturers had run adverts that promoted dangerous driving. Ford was criticised for a cinema and online advert that featured quotes from a Dylan Thomas poem, saying: “Do not go gentle into that goodnight. Old [...]
Turkey’s Erdogan accuses Saudi agents of killing missing journalist October 23, 2018 Turkish president Recep Tayyip Erdogan today accused Saudi Arabian agents of the “premeditated” killing of journalist Jamal Khashoggi. Khashoggi was last seen alive entering the Saudi Arabian consulate in Istanbul on 2 October. Read more: Softbank operations boss to pull out of Saudi investment conference Several groups of Saudi intelligence officers had arrived in the [...]
Glencore chairman withdraws from dwindling Saudi investor conference October 17, 2018 Glencore chairman Tony Hayward has become the latest business leader to pull out of next week's Saudi investor conference as the backlash over the alleged murder of journalist Jamal Khashoggi intensifies. The mining and trading giant's chairman joins International Monetary Fund managing director Christine Lagarde and Societe Generale chief executive Frederic Oudea in withdrawing from [...]
IMF pulls out of Saudi investor summit as more details of journalist’s disappearance emerge October 17, 2018 International Monetary Fund managing director Christine Lagarde has become the latest global figure to withdraw from a high-profile Saudi investor conference next week following the disappearance of journalist Jamal Khashoggi. The chief executive of French bank Societe Generale, Frederic Oudea, also dropped out on Wednesday. But SoftBank, whose $93bn Vision Fund was half-funded by Saudi [...]
James Dyson: No-deal Brexit ‘will not change anything’ October 16, 2018 British inventor James Dyson has said that a no-deal Brexit “will not change anything”, lashing out at car industry giants who have recently raised concerns over job losses if a deal with the EU is not reached. The vacuum magnate and Brexit advocate told Parisian financial newspaper Les Echos: “Taxes or delays at the customs, [...]
HSBC, Credit Suisse and Standard Chartered join boycott of Saudi conference over missing journalist October 16, 2018 The chief executives of HSBC, Credit Suisse and Standard Chartered have become the latest business leaders to withdraw from a high profile Saudi investor conference next week. The banking trio have joined a plethora of influential figures and businesses to pull out of the three-day event following the disappearance of journalist Jamal Khashoggi. The US [...]
Google joins the list of firms deserting Saudi conference over missing journalist October 16, 2018 Google became the latest name in a long list of high-profile companies to drop out of an investment conference in Saudi Arabia late last night, amid building criticism of the state's handling of a missing journalist. A well-known critic of Saudi Arabia's policies, US resident and Washington Post journalist Jamal Khashoggi was last seen entering [...]
Finance chiefs desert Saudi business summit as backlash to missing journalist intensifies October 16, 2018 The global boycott of a high-profile Saudi investor conference gathered pace yesterday as the bosses of JP Morgan, Ford, Blackstone and BlackRock led an executive exodus following the disappearance of journalist Jamal Khashoggi. The US resident and critic of the Saudi government has not been seen since entering the Saudi consulate in Istanbul on 2 October. [...]
JP Morgan boss Jamie Dimon latest to pull out of Saudi investor conference October 15, 2018 JP Morgan boss Jamie Dimon and Ford chairman Bill Ford have pulled out of a Saudi investor conference as political tensions surrounding missing journalist Jamal Khashoggi rumble on. US President Donald Trump said he would immediately send his Secretary of State Mike Pompeo to meet the Saudi King Salman, after the Kingdom denied any knowledgeof Khashoggi's [...]