What can Quaker capitalism teach business today? It’s no good being ethical if you don’t make money November 3, 2015 Today, the Friends House on the Euston Road is hosting a Quaker Business Conference on the subject of “what is the purpose of business?” It is the right time to be posing the question and a good location at which to be asking it. The Quakers led the way in some of the [...]
Pearson commences talks to sell off majority stake in Economist July 26, 2015 UK PUBLISHING empire Pearson is in talks to sell its 50 per cent stake in The Economist to the journal’s other shareholders, with Italy’s Agnelli family announcing an interest in increasing its stake. The news comes shortly after Pearson’s sale of the Financial Times newspaper to Japanese media group Nikkei. According to a statement released [...]
Pearson in talks to sell Economist Group stake after FT Group sale July 29, 2015 Publisher Pearson is said to be in talks to sell off its 50 per cent stake worth about £400m in the Economist Group to other shareholders. A source told the Financial Times that a deal should be wrapped up at some point this summer and potential buyers include families such as Schroders, the Cadburys and the [...]
The 2015 New Year Honours List revealed: From Fiona Woolf and Dickson Poon to Mary Quant and Adrian Cadbury December 30, 2014
Volkswagen car emissions scandal: VW’s crisis shows the cost of having unclear values September 23, 2015 The scandal surrounding Volkswagen’s rigged emissions tests, which may affect 11m vehicles, has rightly caused outrage. The carmaker is in crisis, its chief executive has resigned, consumers are shocked, and Volkswagen’s share price has dropped by nearly a third. The company announced that it is setting aside almost £5bn to cover the costs, although [...]
SuperGroup confirms Wharton as chief financial officer after previous finance head was made bankrupt June 24, 2015 SuperGroup, the parent company of young fashion label SuperDry, has upgraded its interim chief financial officer Nick Wharton to a permanent role. Wharton, who now joins the board had been acting in the role since 25th February, when he joined from Dunelm where he was chief executive. He had been parachuted in after [...]
Premier Foods’ share price opens lower as sales drop amid supermarket price war July 23, 2015 Premier Foods' share price opened lower this morning as the group that owns Mr Kipling, Bisto gravy and Ambrosia custard revealed a sluggish effort to shake off the impact from the supermarket price wars. The figures: Branded sales were down 1.4 per cent while non-branded foods dropped 3.1 per cent. In total, group sales were [...]
Nestle faces rejection over KitKat copyright claim after European Court of Justice ruled against trademark appeal June 11, 2015 KitKat copycats could be on the prowl after the top lawyer at the European Court of Justice decided not to give Nestle a break over its attempts to trademark the plain four-fingered bar. The case dates back to 2010 when KitKat owner Nestle sought to register the shape of the four-bar treat without the [...]
Life not so sweet for Cadbury’s owner Mondelez as its growth target is slashed August 6, 2014 Cadbury’s owner Mondelez yesterday cut its 2014 sales target, after price hikes to cover commodity costs sparked a backlash by consumers and retailers in some European markets. The company said it was reducing its 2014 net organic revenue growth target to a range of two per cent to 2.5 per cent. In May, it forecast [...]
Andy Harrison’s Whitbread exit dents shares April 28, 2015 SHARES in Whitbread slipped 2.5 per cent last night after Andy Harrison announced plans to step down following five years as chief executive in which pre-tax profits have surged by more than 220 per cent. The Costa Coffee and Premier Inn owner has seen its market value grow fourfold to almost £10bn since Harrison joined [...]