Someone is selling a jar of Marmite on eBay for £100,000 as the price war between Unilever and Tesco rolls on October 13, 2016 Someone is trying to sell a jar of Marmite on eBay for £100,000 amid fears that the stocks may run low due to a supply dispute between Tesco and Unilever. Tesco has pulled Marmite and all other Unilever brands from its website after Unilever attempted to increase its wholesale prices. At time of writing Tesco's share price [...]
Unilever reports sales growth as it battles ‘tough market’ October 13, 2016 Unilever has reported an uptick in sales during the third quarter of 2016, despite facing what it described as 'tough market conditions'. Underlying sales grew by 3.2 per cent in the quarter, with price up 3.6 per cent and volume dipping by 0.4 per cent. On a constant exchange rate, sales were up by 3.4 per [...]
Tesco is struggling to stock key staples after price row with Unilever October 12, 2016 Tesco boss Dave Lewis is on a collision course with the company where he earned his stripes after the supermarket revealed it was running out of staple products such as Marmite and PG Tips. The supermarket giant said that it was running low on Unilever products and it is understood that this was as a result of [...]
Out of home advertising: Kinetic’s Stuart Taylor talks with City A.M. October 10, 2016 WHILE travelling to Kinetic’s office in Bloomsbury, it hit home just how prevalent out of home advertising is. There are 30 screens as you stroll down the escalator towards the underground at Bank, each beaming a different message. Sat on the train, averting eye contact, your eyes are drawn to the adverts next to the [...]
City Moves for 7 October 2016 | Who’s switching jobs October 7, 2016 McCann Worldgroup McCann Worldgroup has appointed Samantha Giles as EVP, global business leader on the agency’s global Nestle business. She joins from Ogilvy & Mather where she has been worldwide managing partner. Giles, who will remain based in London, will succeed Julian Ingram who has headed the Nestle business for the past two years, extending [...]
From job losses to security threats: Five myths about global trade October 3, 2016 Despite trade accounting for nearly six in every ten pounds of global economic output last year, anti-trade rhetoric is spreading on both sides of the Atlantic. This has been noticeable during the US Presidential elections as well in Europe, where a growing backlash against the EU-US trade deal, the Transatlantic trade and investment partnership (TTIP) has reflected [...]
Increased profits on the cards at Tesco but pension headache persists October 2, 2016 Tesco is expected to report on Wednesday that it has grown half-year profits but its steady resurgence could be undermined by a spiralling pension scheme deficit. Analysts expect a rise in underlying sales for the third quarter in a row and half-year profits could be as much as £624m – dwarfing the £354m generated in the same period last year. [...]
These are the FTSE 100 social media winners and losers September 12, 2016 FTSE 100 firms are finally getting the hang of social media and even jumping on the Snapchat bandwagon to build their profile, new research reveals. Seven firms in the blue-chip index now have official accounts on the fledgling messaging service with a further six using the platform in some form. Read more: Google, Facebook and Twitter blasted over [...]
Corporate governance: the Institute of Directors’ best and the worst September 7, 2016 While British American Tobacco’s (BAT) products may be the subject of various health warnings, it has topped a corporate governance health-check by the Institute of Directors (IoD). Supermarket giant Tesco, meanwhile, brings up the rear in a new governance ranking of the UK's top 100 companies. BAT performed particularly well in terms of dealing with its shareholders and [...]
FTSE 100 ends the week tantalisingly close to 7,000, pushed up by pharma – as housebuilders regain losses September 2, 2016 The FTSE 100 ended the day at 6,894.6 points – 2.2 per cent higher, and within spitting distance of that 7,000 mark. The index was pushed up by pharmaceutical and mining stocks, with Hikma Pharmaceuticals leading the pack, jumping 5.2 per cent to 2,185p. That was followed by Unilever, which rose 3.8 per cent to 3,663p – [...]