Turkey producer on the hunt for bootiful new owner June 29, 2016 Turkey producer Bernard Matthews has reportedly begun searching for a new owner. The company, best known for its ‘bootiful’ catchphrase in adverts, is currently owned by Rutland Partners. Read more: Rutland gobbles up a stake in turkey firm Bernard Matthews Sky News first reported that Rutland has appointed advisers at PricewaterhouseCoopers (PwC) to find potential [...]
Cobham share price rises as it poaches new finance boss David Mellors from QinetiQ June 29, 2016 Engineering group Cobham has hired a new finance chief in a bid to improve the crisis-hit firm's fortunes. Investors have punished Cobham following an accounting scandal, a string of profit warnings as well as a $500m rights issue. Read more: The defence industry boss who is reshaping his firm for new realities Now David Mellors, who replaces Simon [...]
City old-boys rock band split had nothing do to with PwC says bassist September 23, 2015 Former City rock star and PwC advisor Andrew Sentance has denied claims that the accountancy giant came between him and his work with group Rock In The City. Sentance split from Rock In The City, a group of senior financiers singing all about the daily lives of the Square Mile’s economists, earlier this month. The [...]
Rise of the machines: Hastings results receive boost from telematics August 11, 2016 Hastings Group Holdings revealed its profits had grown strongly during the first half of 2016 today, no doubt helped by growth in both the home and telematics markets. The figures The insurer revealed operating profit had increased to £70.8m for the six months to June, up 20 per cent from £59.2m the year before. Meanwhile, gross written premiums rose [...]
How one set of bean counters is addressing chief executives’ big fears June 1, 2016 After half of chief executives let slip to them in a recent survey that they were concerned about their readiness to respond to a crisis, PwC has come up with a solution. The professional services giant has today launched a new global crisis centre, which will pool together the most experienced talent the firm has for [...]
Can your boss legally stop you from a digital detox? August 25, 2016 Picture this. You are on the beach in a glorious tropical location, lying in the sun and sipping your first Pina Colada of the day. The kids (if you have them) are amusing themselves in the crystal clear sea. You keep trying to relax, but your nerves are on edge; the work phone keeps buzzing [...]
Brexit vote gives defined benefit pensions yet another battering, as markets swing wildly after Leave decision is revealed June 26, 2016 The vote for Brexit may have driven another nail into the coffin of defined benefit (DB) pension schemes, after the markets went into meltdown on Friday. Figures from Hargreaves Lansdown show that around 33 per cent of UK scheme investments consist of shares, 25 per cent of which are UK shares, which will have come as [...]
Why could digital tech reach over $2.7 trillion by 2020? January 30, 2017 Whether it’s big data, artificial intelligence (AI), cloud storage or cyber security, the effects of digital technology development are all around us. Recognised as the third industrial revolution, we are experiencing one of the most transformative periods in history. Digital – transforming our industrial society In 2001, a group of software developers met at the [...]
Big City bosses batten down the hatches for Brexit deal drag August 24, 2016 A drawn-out Brexit process would have a dire impact on the UK's investment and growth according to some of the City’s top veterans as they brace themselves for a lengthy divorce from the EU. Sir Martin Sorrell, the chief executive of advertising giant WPP, BT chairman Sir Mike Rake, and private equity guru Jon Moulton [...]
City Moves for 16 June 2016 | Who’s switching jobs June 16, 2016 Industry Barbican-based global brand consultancy Industry has appointed Nada El Barshoumi as lead brand consultant for the Middle East and North Africa Region. Prior to joining Industry, Nada was a partner at Bahrain-based PR and design agency Obai & Hill, where she was employed for more than three years. She has worked with a wide [...]