London Report: Osborne likely to have missed financial target April 21, 2014 UK PUBLIC borrowing figures this week are expected to show that the chancellor George Osborne narrowly missed his target for this year. And while future revisions may bring the figures back within Osborne’s target, the figures are likely to bring further scepticism about whether the UK can continue to meets its fiscal targets. “We expect [...]
What the other papers say this morning – 07 April 2014 April 7, 2014 FINANCIAL TIMES Ecclestone wants to regain grip on F1 Bernie Ecclestone has said he would like to regain control of F1 in partnership with leading teams such as Ferrari, even as he prepares to step back from the day-to-day running of the sport. Asked if he wanted to buy up stakes if they became available [...]
How open innovation will transform the humble quid March 20, 2014 FAREWELL to the pound coin’s familiar golden nugget design. Here comes the dough-decagon in its stead. The new 12-sided quid, modelled after the old threepenny bit, got plenty of attention this week. But the most interesting part of the design is what was left out. The flipside of the coin will be opened to a [...]
DS Smith forecasts growth will beat targets after in-line results March 6, 2014 RECYCLED packaging supplier DS Smith yesterday reported in-line results for the third quarter and said growth remains ahead of its medium-term financial targets. The FTSE 250 firm said that like-for-like corrugated box volume growth has remained good, with a particularly strong performance from Germany and central and eastern Europe. The company, which packages McVities Hobnobs [...]
What the other papers say this morning – 04 March 2014 March 3, 2014 FINANCIAL TIMES Nine private equity heads share $2.5bn The nine founders of the four big listed US private equity companies took home more than $2.5bn between them last year, with Apollo Global Management’s Leon Black alone receiving $546m. The dividend income, investment profits and other compensation shared by the founders of Apollo, Blackstone, Carlyle and [...]
Blurred lines: What the rise of branded content means for marketers March 2, 2014 @LiamWardProud WHEN is an ad not an ad? Last year, Channel 4 aired a daytime cookery show called What’s Cooking? It featured celebrity chefs including Jean-Christophe Novelli, and often drew an audience in excess of 200,000 according to Kantar Media. But there was something different about this programme: the food featured was mostly Sainsbury’s own-label [...]
Derwent assets soar in value February 27, 2014 Derwent London said its net asset value leapt by almost a quarter last year after agreeing a record £21.8m of lettings as companies flocked to take up space in its buildings. Net asset value soared by 23.6 per cent to £2.37bn in 2013. The developer said its office scheme the Buckley Building in Farringdon are [...]
City Moves for 28 February 2014 | Who’s switching jobs February 27, 2014 Standard Chartered The bank has announced the appointment of Sanjeeb Chaudhuri as group head of brand and chief marketing officer. He joined in 2011 from Citicorp, where he was chief executive for retail and commercial banking for Europe, the Middle East and Africa (EMEA). Chaudhuri has also held senior marketing and general management positions at [...]
The Digital Effect February 16, 2014 Annabel Palmer discusses trends with Gwyn Jones, BBH’s group chief executive BRITISH advertising agency Bartle Bogle Hegarty (BBH) has been Agency of the Year twice at the Cannes Lions Festival, and has created notable campaigns including “Vorsprung durch Technik” for Audi and “The Lynx Effect” for Unilever. Group chief executive Gwyn Jones tells City A.M. [...]
PwC wins £9m audit contract for Vodafone February 13, 2014 VODAFONE will replace auditor Deloitte after 26 years with rival PwC from April. The FTSE 100 telecoms giant made the announcement following a tender process first announced in November 2013. “We thank Deloitte for their significant contribution as Vodafone’s auditors and we look forward to working with PwC going forward,” said Vodafone audit and risk [...]