Bank of England, Federal Reserve and Bank of Japan to err on the side of caution this week March 13, 2016 Three of the world’s major central banks are expected to take a cautious approach this week as they look to underpin economic growth amid rising global uncertainties. The US Federal Reserve’s federal open market committee will decide on Wednesday whether to lift interest rates for the second time since the 2008-9 recession. “Given market volatility [...]
Sweet: Krispy Kreme could be planning an IPO in London March 10, 2016 Krispy Kreme is planning an IPO in London, City A.M. understands. It may be a volatile time to do it – but we'd imagine there will be a hole lot of interest… Sky News reported that the company's owner, Alcuin Capital Partners, had appointed Investec to oversee the flotation. The news comes a day after [...]
Aldermore’s share price rises after UK challenger bank delivers record profit as it increases lending March 10, 2016 Aldermore reported better than expected growth in full-year pretax profit as the challenger bank issued more loans and mortgages to SMEs. The bank's share price jumped over 3.5 per cent as markets opened on the news. The figures Aldermore reported profit before tax up by 88 per cent year-on-year to £95m for 2015. The bank delivered [...]
Event sponsorship: How to build brand value March 7, 2016 Sponsorship – whether of a sports team or event, a conference or a concert – can be an effective way to build brand presence and awareness for the overall benefit of your business. And it’s not only an option for larger companies. Sponsoring a smaller event, especially if your broader activation strategy is clever, can [...]
Investec tells investors Playtech has “firepower” for “significant” additions to warchest after company confirms discussions March 2, 2016 NULL
ITV shares dip despite broadcaster reporting rising revenue, profit growth, special dividend ahead of expected Euro football ad boost March 2, 2016 ITV’s shares dipped this morning after reporting a worse-than-expected outlook for the first quarter of 2016, despite a strong set of full year results. Total revenue across the company was £2.97bn, up from £2.59bn in 2014. The company reported a six per cent growth in net advertising revenue to £1.72bn. Online, pay and interactive revenue, meanwhile, was up [...]
New Barclays chief executive Jes Staley gets a frosty reception in the City as investors reject his case for slashing dividends, sending share price down more than 10 per cent March 2, 2016 New Barclays boss Jes Staley received a frosty reception in the City yesterday, as investors rejected his case for slashing dividends, sending the bank’s share price down by more than 10 per cent and wiping £2.3bn off its market value. Investors recoiled when Barclays said it planned on paying a dividend of 3p for this year [...]
Why good culture is so important in business February 29, 2016 What is business culture? In the simplest terms, it is the culmination of behaviours and attitudes of individual people within a company that gives the firm its distinctive identity. The late London Business School professor Sumantra Ghoshal called it “the smell of the place”. A healthy culture can be a core driver of positive business [...]
Financial sector leads professional job creation – Apsco February 29, 2016 Landing a role in finance got easier in January as the number of vacancies soared 12 per cent on the same month last year. Stronger demand was reflected in pay growth. Average salaries in banking jobs have gone up 4.9 per cent, according to the data released by the Association of Professional Staffing Companies (Apsco) [...]
Barclays results: British bank expected to sell off African operations and pay former chief executive Antony Jenkins a £500k performance bonus as it announces full-year results this week February 28, 2016 Barclays' new chief executive Jes Staley is expected to announce plans to sell off the lender's African business when the British bank reports full-year results for 2015 on Tuesday. It was widely reported over the weekend that Barclays' board decided last week that it made sense strategically for the British bank to exit the continent and refocus [...]