CITY MOVES | WHO’S SWITCHING JOBS January 3, 2012 Avanti Communications Group Paul Walsh, chief executive of Diageo, has joined the board of satellite data company Avanti Communications as a non-executive director. He is also a non-executive director of FedEx Corporation and Unilever. Prior to joining Diageo, Walsh held financial and commercial positions with InterContinental Hotels and in the GrandMet food business, becoming CEO [...]
WHAT THE OTHER PAPERS SAY THIS MORNING December 7, 2011 FINANCIAL TIMES DUBLIN IS URGED TO SELL NAMA AS A SINGLE ENTITY A secret report into the operations of Ireland’s National Asset Management Agency, the state agency set up to purge Irish banks of their toxic property loans, has recommended that the government should consider selling it off as a single entity. FINANCING PROBLEMS WEIGH [...]
Media Square revenue declines November 30, 2011 Marketing communications group Media Square yesterday reported a two per cent decline in revenue for the first six months of the financial year, reaching £21.8m compared to £22.3m last year. This was put down to the “challenging trading environment”, although “prudent cost control” allowed the group to maintain its operating profit at the same level [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 28, 2011 FINANCIAL TIMES LLOYDS SET TO EASE PRESSURE ON CHIEF Lloyds Banking Group is exploring ways to reduce the workload on António Horta-Osório, its chief executive, as it attempts to convince investors he will be able to make a successful comeback from a period of medical leave. The state-backed bank is considering fortifying the support around [...]
Intertek sees revenues rise 26 per cent November 16, 2011 BRITISH testing firm Intertek said its organic revenue in the year to date grew by eight per cent and it expected the diversity of its business would help it continue to achieve single digit growth against a backdrop of challenging economic conditions. Intertek, which tests products from toys and clothes to oil and renewable technology, [...]
Labour’s plan for business: Government should unite profit with social purpose November 9, 2011 WHEN private equity firm NPM Capital and the current management bought out a sleepy Dutch carpet manufacturer called Desso in 2007, they were seeking to do what all successful investors do: to find a gap in the market from which they could profit. And profit they have. Following the buy out, Desso’s market share rose [...]
Learning the language of leadership November 9, 2011 THE LANGUAGE OF LEADERS: CEOS ON COMMUNICATING TO INSPIRE, INFLUENCE AND ACHIEVE RESULTS BY KEVIN MURRAY Kogan Page I’VE been working in business communications for almost 40 years,” says Kevin Murray, the chairman of the Bell Pottinger Group. “I’ve worked with a lot of organisations and a lot of leaders. None were stupid, but some [...]
Markets slip as Italy debt crisis deepens November 9, 2011 Dramatic political changes at two of the Eurozone’s crisis-ridden economies initially boosted world stocks but markets went into reverse as it became clear that Italy’s debt woes were escalating. Italian Prime Minister Silvio Berlusconi said late yesterday that he would step down after parliament passes budget reforms. Greece, meanwhile, was working create a consensus government [...]
Unilever sales jump on higher prices November 3, 2011 CONSUMER goods giant Unilever beat expectations by posting a 7.8 per cent rise in third quarter revenues yesterday, after it hiked prices and saw strong growth in emerging markets. The Dove soaps and Hellmann’s mayonnaise group raised prices nearly six per cent while strong sales in emerging markets like India, Indonesia and Brazil helped offset [...]
FTSE weak as investors eye G20 November 3, 2011 The FTSE 100 tracked falls in Asia as leaders of the world’s biggest economies gathered in France for a G20 summit set to be dominated by the threat of Greece falling out of the Eurozone. The leaders of France and Germany, angered at Greece’s shock move to call a referendum on its latest bail-out plan [...]