Unilever turnover slumps in cooler weather July 25, 2019 Unilever reported a slump in turnover in the first half of 2019 as cooler weather impacted ice cream sales in Europe and the US. The figures Turnover fell 0.9 per cent to €26.1bn in the first half, the company said as it reported its half year and second quarter results this morning. Second quarter underlying [...]
City Moves for 24 July – Who’s switching jobs at Pladis, J O Hambro Capital Management and Duff & Phelps? July 24, 2019 Today’s City Moves includes Pladis, J O Hambro Capital Management and Duff & Phelps. Pladis Pladis, the snacking company, has appointed Sridhar Ramamurthy as chief financial officer. Sridhar will join next month and report to chief executive Salman Amin, who said: “Sridhar is a seasoned and respected financial executive who brings a deep and wide-ranging [...]
Recipe box company Gousto secures £30m funding July 15, 2019 Recipe box delivery company Gousto has secured £30m in a funding round led by London private equity firm Perwyn. Gousto will use the investment, which takes its total funds raised to more than £100m, to develop artificial intelligence technology. Read more: Gousto cooks up £18m funding and signs up body coach Joe Wickes The company [...]
Turnaround time for struggling food giant July 12, 2019 By Rodney Hobson from interactive investor. The proof of the pudding lies with a new chief who looks set to sell off poor performers to boost spending on premium lines. A heavy burden lies on the shoulders of Miguel Patricio, who took over as chief executive officer of food and beverage giant Kraft Heinz (NASDAQ:KHC)last month. The reputation of [...]
Chief executive turnover in decline as more firms hire from within July 11, 2019 The turnover rate among chief executives is in decline as blue-chip firms increasingly turn to internal candidates for the top jobs. New figures published today revealed the turnover rate for FTSE 100 chief executives over the past year was just 10 per cent, down from 14 per cent in the previous 12 months. Read more: [...]
City Moves for 1 July – Who’s switching jobs at BT, Apex Airspace and Lewis Silkin? July 1, 2019 Today’s City Moves includes BT, Apex Airspace and Lewis Silkin. BT BT Group has announced that Leena Nair will be joining as a non-executive director and as a member of the Remuneration Committee, the Nominations Committee and the Digital Impact & Sustainability Committee. Leena is joining BT from Unilever, where she has been chief human resources [...]
Unilever and SAP lead £4m investment round in digital reward platform WeGift June 27, 2019 The likes of SAP and Unilever have led a £4m investment round into London startup WeGift, which is aiming to become the first real-time digital reward platform. The company secured the £4m Series A funding, which was also led by venture capital firm Stride, as it also reported a 500 per cent growth in annual [...]
Social media firms team up with advertisers to fight online harms June 18, 2019 Social media giants including Facebook and Google have formed a new alliance with brands and ad agencies in a bid to crack down on harmful material online. A total of 16 brands, including Unilever, Diageo and Procter & Gamble, have signed up to a new working group that will lobby publishers and platforms to remove [...]
New ASA rules on gender stereotyping are just the tip of the iceberg June 17, 2019 Last Friday, new Advertising Standards Authority (ASA) rules came into force. The aim is to ban companies from including harmful gender stereotypes in advertising that the ASA says could cause serious or widespread offence, and in doing so restrict the choices, aspirations, and opportunities of children and young people, as well as adults. While every [...]
City Moves for 13 June – Who’s switching jobs? June 12, 2019 Today’s City Moves includes Firstport, Deloitte and EY. Firstport Residential property management company Firstport has appointed Heather Payne as chief technology officer. She will be responsible for Firstport’s digital transformation programme. Heather has spent her whole career successfully delivering digital transformation across multiple sectors. She was previously chief technology officer at Avon Cosmetics responsible for [...]