Legal activity fuels London growth as UK recruiter boasts of record third quarter October 9, 2018 British recruitment firm Robert Walters said this morning it had enjoyed a record third quarter amid efforts to ramp up expansion across Europe and Asia. The recruiter’s share price climbed more than three per cent in early morning trading, after posting a a 12 per cent rise in gross profit during the third quarter of 2018. Across all of [...]
Sustainable investing is about making bigger profits, say the majority of investors October 9, 2018 | City Talk The majority of investors believe the main reason to invest sustainably is to make bigger profits, a major global study has found. The findings suggest investors increasingly believe that backing sustainable investments, those companies that are most focused on managing environmental, social and governance issues, will deliver better results rather than just be a choice [...]
Cenkos boss steps down after profits vanish October 9, 2018 Stockbroker Cenkos Securities surprised the City this morning after announcing its chief executive is to step down in the wake of tumbling profits. Boss Anthony Hotson will leave his post at the end of the month, putting an end to a 12-month reign which was dampened last month when Cenkos halved its dividends and posted [...]
WPP loses major Ford advertising contract to US rival Omnicom October 9, 2018 WPP has been dealt a major blow as it lost a key Ford advertising contract to the agency of one of its biggest US rivals, Omnicom. The news will be a major setback for new chief exec Mark Read, who was only appointed at the start of September. Ford was one of WPP's longest-standing advertising partnerships, as [...]
Baking: Greggs blames sweltering summer for dip in sales growth October 9, 2018 Sales at on-the-go food retailer Greggs crumbled under the sweltering heat of 2018's long hot summer, but a trading update today showed top brass remain unfazed, with its share price up five per cent. The figures In the three months to 29 September 2018, total sales at Greggs rose 7.3 per cent, compared with 8.6 per cent in [...]
Aviva chief executive Mark Wilson steps down after almost six years in charge October 9, 2018 Aviva chief executive Mark Wilson stepped down today, with the insurer looking for new leadership for what it called its next stage of development. Wilson, who was brought in to enact a business turnaround in 2013, claimed he succeeded in this goal, with its latest financial results showing it should deliver earnings per share growth [...]
Former Tesco directors face court over roles in 2014 accounting scandal October 8, 2018 Two former Tesco directors faced allegations in court today that they manipulated figures that resulted in the supermarket chain's 2014 accounting scandal and a £2bn wipe-off of its share price. Christopher Bush, Tesco's former UK managing director, and ex-UK food commercial director John Scouler have each been charged with one count of fraud and false accounting. Former UK [...]
H&M takes a $20m stake in fintech startup Klarna October 8, 2018 Swedish fintech startup Klarna has today announced a global partnership with fashion powerhouse H&M, which included a $20m (£15.3m) investment in the business. The deal will see Klarna integrate its digital payments technology into H&M's physical and online stores via its payment programme H&M Club1. Klarna allows shoppers to pay securely for products online with flexible payment options [...]
Tesco scraps best before dates on fruit and veg lines as supermarket aims to cut food waste October 8, 2018 Tesco will remove the best before dates on apples, oranges and dozens of other fruit and vegetables in its latest attempt to help reduce food waste, the company announced today. The store is set to scrap dates on 116 fresh produce products, a move it claimed 69 per cent of customers would support. It wants to [...]
Hiring for success with Joss Search founder and recruitment expert Sivan Joss October 8, 2018 Recruitment gets a bad rep. There’s a cliche that recruiters are wheeler-dealers, who always call at the worst time, don’t listen to what candidates or clients want, and are just scheming to get jobseekers into any role possible, regardless of whether or not they’re qualified. But while some of you reading may have had bad [...]