Could Archie Norman be Tesco’s new chairman? These are the runners and riders for the supermarket’s top job February 14, 2015 Archie norman is the latest City boss to be touted as Tesco’s new top boss and a successor to Sir Richard Broadbent who left last year in the wake of a profit scandal. The current chairman of ITV and former boss of rival supermarket Asda where he gained the tag of being the turnaround king, [...]
What you need to know before the open May 12, 2014 European markets are set to open lower this morning, following Asian counterparts, as investors await with caution for events in Ukraine to unfold. Yesterday, anti-Kiev rebels declared victory in a referendum on self-rule in eastern Ukraine. Western leaders are threatening further sanctions around energy and the financial services, if Moscow moves to disrupt the planned [...]
Damon Williams and Alex Khein appointed co-CEOs of RBC Global Asset Management as John Montalbano steps down December 9, 2014 John Montalbano has stepped down as chief executive of RBC Global Asset Management (RBC GAM) after six years, the company announced today. He will be replaced by Damon Williams and Alex Khein as co-CEOs and will act as adviser to the new top bosses when the need arises. In a statement yesterday, the group, which [...]
The week in brief May 11, 2014 Publicis Group and Omnicom merger falls apart Publicis and Omicom, two of the world’s biggest advertising firms, have called off ther proposed merger. The $35bn (£22.8bn) deal would have formed the world’s largest ad agency. It was claimed last July that the merger would enable the two giants to compete more effectively in the digital [...]
Vodafone eyes up Tesco’s video service Blinkbox November 30, 2014 Vodafone is eyeing up Tesco’s video streaming service Blinkbox following its chief executive’s comments that the firm intends to push into home broadband and TV in the UK next year. While the mobile operator is looking at Blinkbox, along with a number of other interested parties, it is “nowhere near final terms on a deal,” [...]
Apple Watch and iPhone 6 launch: Share price, spec, features, UK release date and what the analysts say September 9, 2014 Apple has launched two new iPhones, the iPhone 6 and iPhone 6 Plus, and the Apple Watch smartwatch at a much-hyped launch event in California. Chief executive Tim Cook introduced the iPhones in a short speech calling them Apple's best ever iPhones. The iPhone 6 is 4.7 inches and the iPhone 6 Plus is 5.5 inches [...]
John Lewis boss hired to ease China visa rules July 18, 2013 JOHN LEWIS retail boss Andrew Murphy was named as chairman today of the UK China Visa Alliance (UKCVA), the retail body lobbying for a shake-up of visa rules to attract more Chinese tourists to the UK. Under current rules Chinese visitors to Europe can apply for a single visa for access to all 26 countries [...]
Considered for Fifty Shades of Grey, Christian Cooke is one of the UK’s hottest new actors March 5, 2015 There’s handsome, and there’s “that guy should star in a soft-core BDSM blockbuster” handsome. Christian Cooke is the latter, to the extent that he was in the running to bag the lead role in Fifty Shades of Grey, before it was given to fellow Brit Jamie Dornan. In person Cooke seems far too nice for [...]
Tesco executive Matt Simister returns as supermarket restructures top team in aftermath of profits overstatement December 1, 2014 Tesco has restructured its top team in the wake of its profit overstatement, with one of the executives who stepped aside during the investigation into its accounting irregularities returning to the company. Matt Simister, who was one of several executives to step aside in September, will return to his role as group food sourcing [...]
City & Gild: How Tesco can make us fall back in love with its brand April 17, 2014 Tesco’s current strategy worries me enormously, especially off the back of a six per cent fall in profits. Chief executive Philip Clarke has confidently explained, “Tesco will be firmly established as a middle-market retailer, which offers low prices and good quality – all under one roof”. My translation of this is essentially, “we’re going to [...]