Tesco CEO Dave Lewis quits as supermarket declares turnaround ‘is complete’ October 2, 2019 Tesco chief executive Dave Lewis is stepping down from the Big Four supermarket, it revealed today as it declared its turnaround is complete. The CEO will leave the business next summer after chairman John Allan said he had accepted his resignation letter “with regret”. Read more: Tesco sells mortgage arm for £3.8bn Lewis called the [...]
Sainsbury’s heir to the throne quits to join media powerhouse WPP October 1, 2019 Sainsbury’s has confirmed the CEO of Argos is quitting the retail space to join advertising giant WPP as its new chief financial officer, sparking speculation that boss Mike Coupe is in for the long haul. John Rogers, widely tipped as Coupe’s long-term successor, will leave the retailer on 31 October after almost 15 years at [...]
Are UK supermarkets ready for Brexit? September 25, 2019 “One can say very clearly what the direction will be: higher prices, less choice, and poorer quality, because all of those dimensions have been improved by these open trading relationships that we’ve had over the last 40 years […] Brexit, almost in whatever version it is, will introduce friction, it will introduce barriers. That makes [...]
WPP appoints former Unilever ad chief Keith Weed to board September 19, 2019 WPP has appointed former Unilever marketing boss Keith Weed to its board as a non-executive director, the company announced today. The appointment will come as a major boost for the media behemoth, which has embarked on a three-year restructuring plan amid a challenging time for traditional ad shops. Read more: WPP beats expectations as turnaround [...]
How to invest in Veganism September 16, 2019 We have a look at how companies are responding to the rise in veganism and explain how investors and traders can capitalise as people around the world begin to reduce their meat intake and consume more plant-based alternatives. Many food products are naturally friendly to vegans, like vegetables, which means the vegan market is already [...]
Macquarie ‘determined’ to buy Solarcentury September 10, 2019 Australian investment bank Macquarie has its sights set on the UK’s largest solar companies, in a deal which could be worth £250m. The bank is in the last two bidders in the race to snap up Solarcentury, which has around 20 years experience in the sector. Macquarie is “determined” to buy the solar experts, sources [...]
Advertising watchdog ramps up pressure over influencer marketing transparency September 5, 2019 The advertising watchdog has ramped up its calls for clear labelling of social media adverts amid concerns users still struggle to identify sponsored posts. In a report published today, the Advertising Standards Authority (ASA) said its findings dispelled any arguments that clear labelling was not needed and re-emphasised the importance of influencers being clear and [...]
Williams Formula One team owner considering sale of engineering arm August 31, 2019 The owner of the Williams Formula One team, Williams Grand Prix Holdings, is exploring the possibility of selling its engineering arm. The company has been approached by several parties looking to acquire Williams Advanced Engineering (WAE) and a sale could raise tens of millions of pounds for the racing team, according to Sky News. Read [...]
Baker Mckenzie boosts revenue and profit despite testing year August 29, 2019 Global legal giant Baker Mckenzie said today its revenue grew 1.2 per cent to $2.92bn (£2.39bn) in the last financial year. Baker Mckenzie has suffered a tough year with the shock death of global managing partner and former London chief Paul Rawlinson in April. Read more: Law firm Baker McKenzie confirms death of global chair [...]
Chill out, take a breath, and don’t worry about wasting time August 12, 2019 Shrimp salad and a gin and tonic for lunch, then back to bed for a snooze. The relaxed recipe for creative genius, as told by Liccy Dahl at a literary event last week, on the work routine of her late husband, Roald. It got me thinking. In a world focused on the need for speed, [...]