Mobile is a hot topic (again) as Advertising Week Europe comes to town April 18, 2016 "This will be the year of mobile” has been a multi-year meme in the ad industry, but there’s some logic to it. Since the first iPhone captured consumers’ imaginations in 2007, each subsequent year has truly been the year of mobile, with app developers inventing new uses for these palm-sized computers, marketers observing how these devices [...]
Consumer goods giant Unilever warns over emerging market growth as it reports it’s on track to hit sales targets, share price tracks higher April 14, 2016 Anglo-Dutch multinational consumer goods giant Unilever, maker of many well known high street brands, has warned over future growth in emerging markets despite ratcheting up sales growth of 8.3 per cent in burgeoning economies over the last three months. Meanwhile European sales dropped by 0.6 per cent, put down to eurozone deflation and the price cutting war brought on by the [...]
Consumer goods giant Unilever warns over emerging market growth as it reports it’s on track to hit sales targets, share price tracks higher April 14, 2016 NULL
Tesco’s share price has recovered this year as Dave Lewis implements his turnaround plan, but the preliminary results could affect sentiment April 13, 2016 When Dave Lewis took over as Tesco chief executive in September 2014, much was made of his nickname Drastic Dave, particularly as drastic measures were necessary to revive the group's flagging fortunes. Lewis was parachuted in from Unilever to turn around the Tesco juggernaut after a scandal that had seen the retailer overstate its profits. [...]
This giant dinosaur in Canary Wharf is working its way around London to teach kids about healthy eating March 21, 2016 There's a giant dinosaur roaming the streets of Canary Wharf today. Florasaurus, a diplodocus made from plants, has landed in the Docklands in a bid to promote healthy eating and encourage parents to make sure their kids eat enough vegetables. The green giant's tour sees the Florasaurus navigate its 13 metre long body through Canary Wharf, Tower Bridge and [...]
The Investment Association: FTSE 100 firms told to scrap quarterly reporting March 20, 2016 The investment industry's leading trade body is gearing up to tell Britain's blue-chip companies to scrap quarterly reporting. The Investment Association (IA) will make the move in an attempt to shift companies' focus towards more longer-term goals, a spokesperson confirmed. It's one of a string of measures contained in a landmark report which is due to be released next [...]
City Moves for 7 March 2016 | Who’s switching jobs March 7, 2016 Oliver Wyman Oliver Wyman, the international management consulting firm, has appointed Dr Rebecca Emerson as its UK head. Reporting directly into the head of Europe, Davide Taliente, she will provide leadership to the entire set of the firm’s UK industry practices and capabilities. Rebecca has advised banks and market infrastructure players on wholesale risk management [...]
Barclays, HSBC, Lloyds, RBS and Standard Chartered have lost billions since the start of the year – the British economy needs a vibrant banking sector March 3, 2016 Spare a thought for Britain's banks. Between them, Barclays, HSBC, Lloyds, RBS and Standard Chartered have lost almost £40bn in value since the start of the year. A savage cocktail of market volatility, increased costs, low interest rates, fines, regulatory burdens and sluggish global growth is taking its toll. In a dramatic illustration of the [...]
Morrisons chairman Andrew Higginson joins Shore Capital as senior adviser March 2, 2016 Investment firm Shore Capital has signed up retail veteran and Morrisons chairman Andrew Higginson as a senior adviser to help bolster its expertise in consumer industries. Higginson, who is also currently chairman of home shopping group N Brown, joined Morrisons in 2014 to lead a shake-up at the supermarket following years of worsening sales. He previously spent 15 years on the [...]
Powa layoffs off 74 of around 100 London employees after entering administration February 23, 2016 Powa Technologies, once billed by its chief executive Dan Wagner as the future biggest tech company in the world, has made 74 of its London employees redundant after burning through its massive cash pile. Powa Technologies Group was placed into administration on Friday, appointing Deloitte to oversee a potential sale after lead investor Wellington Management called in its loans. [...]