Unilever share price jumps after sales beat expectations again July 23, 2015 Unilever's share price jumped this morning after proving its critics wrong as sales beat analyst expectations. The figures Consumer goods giant Unilever once again beat revenue forecasts in the second quarter, with total turnover rising by 2.9 per cent to €14.2bn (£9.93bn). The better than expected results triggered a 2.8 per cent share price rise [...]
UK patent applications dropping as Sweden files 3.5 times more patents than the UK July 17, 2015 Bad news: the UK’s attitude to intellectual property remains dismissive, as new figures show that the number of patents filed were not just below the EU average, but actually falling. In absolute numbers, by far most patent applications come from Germany. With 22,800 filed, the country had over 40 per cent of all European applications. [...]
Unilever starts search for a new chairman to succeed Treschow July 12, 2015 UNILEVER has begun a search for a new chairman as Swedish veteran Michael Treschow prepares to hand over the reins after almost 10 years in the role. The company behind Dove soap and Magnum ice-creams is understood to have hired headhunters at Russell Reynolds Associates to search for his successor, Sky News first reported. An [...]
Don’t write off startups as a threat to your company: Collaboration benefits all June 25, 2015 Digital disruption is snapping at the heels of London’s corporates. Many are only just waking up to the fact that tech startups like Zoopla, Skype and Funding Circle – all less than 10 years old and bred in the capital – have become billion dollar “unicorn” companies, rewriting the rules of whole industries. In [...]
Suppliers lose out on over half of supermarket promotions June 17, 2015 Suppliers of everyday products to supermarkets are losing money on 60 per cent of promotions, and the situation has been getting worse, according to data gathered over three years by Nielsen. Around $500bn (£317bn) is spent on trade promotions globally each year, with makers of fast-moving consumer goods (FMCG) such as Unilever often investing 20 [...]
Helical Bar wins tenant for former Shoreditch carpet factory June 15, 2015 Helical Bar has pre-let two thirds of its Shoreditch-based C Space office block to DLKW Lowe. The creative advertising agency, which counts Unilever and Morrisons as clients, will move from its west London offices to the former carpet factory once it is finished in August.
Tesco keeps clawback of Clarke’s pay-off in sight May 21, 2015 TESCO said yesterday that it could still claw back a £1.5m pay-off made to former chief executive Philip Clarke if new evidence of misconduct during his time at the retailer came to light. Tesco was forced to suspend its own internal probe into practices that led the company overstating profits by £263m when the Serious [...]
Former Tesco chief executive Philip Clarke was paid £764,000 by the supermarket last year May 21, 2015 Ousted Tesco chief executive Philip Clarke, who had presided over a fall of nearly 30 per cent in Tesco's share price during his three years at the helm of the supermarket, was paid £764,000 by the supermarket last year. Tesco's annual report, published this morning, showed that although he stepped down in September last year, [...]
Buyout barons dig deep to raise cash for charity May 13, 2015 THE GREAT and good from the M&A world were at The Savoy earlier this week to raise money at Norwood’s inaugural private equity dinner. Entrepreneur Luke Johnson, chairman of Risk Capital Partners, was special guest speaker at the event, which helped raise £135,000 for the charity. Top notch auction and raffle prizes, including two tickets [...]
Best of the Brokers for 12 May 2015 May 11, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com ELAND OIL & GAS Cantor reiterates its buy rating and 78p target price. Eland has announced that its joint venture company Elcrest Exploration and Production Nigeria has received consent from the Department of Petroleum Resources, and that Elcrest has fulfilled its obligations. UNILEVER [...]