Chancellor Rachel Reeves delivered Labour’s first Budget in 14 years, announcing £40bn of tax rises, Central London Alliance comments
Editor’s Notes: Business chiefs can do great things in politics, but what about the pay cut? November 2, 2018 Foreign secretary Jeremy Hunt has raised the prospect of senior business figures giving up the boardroom and joining the Foreign Office in the service of their country. When I asked a former senior diplomat, with an alphabet of letters after his name, what he made of this proposal he slapped his hands on his head [...]
WPP boss Mark Read: We’ve had a tough time for two years October 25, 2018 WPP chief executive Mark Read has said he is determined to improve the company’s performance to compete with its peers, as shares plunged on this morning’s quarterly results. The advertising business dropped as much as 22.5 per cent to 818 pence per share earlier today. Sales fell 1.5 per cent in the third quarter, following [...]
Energy firm RPS Group’s shares collapse as it warns investors of profit drop October 25, 2018 Shares in RPS Group took a catastrophic 30 per cent hit this morning as it warned that third quarter profits would miss expectations. The Oxford-based energy firm, which deals in oil and gas and renewables, said profit before tax and amortisation would fall 10 per cent year-on-year to £12.8m for the three months to the [...]
WPP shares drop 16 per cent after third quarter sales slump October 25, 2018 Shares in the world's largest advertising group WPP have slumped 15 per cent after cutting its sales outlook for the year. WPP's third quarter net sales fell 1.5 per cent in the third quarter having climbed 0.7 per cent in the previous three months in the aftermath of the departure of chief executive Sir Martin Sorrell. [...]
Truth to power: Adtech has to stand up for journalism October 22, 2018 The future of the press is in doubt. If you need an example of just how powerful fake news has become, remember August, when even seasoned journalists accepted at face value a spoof campaign ironically titled “Don’t believe every tweet”, featuring bogus quotes from Twitter’s chief executive Jack Dorsey. The changes in journalism have not [...]
City Moves for 19 October – who’s switching jobs at SYZYGY, Equity Development and Relendex? October 18, 2018 Here’s who’s moving jobs today at SYZYGY, Equity Development and Relendex. SYZYGY Digital agency group SYZYGY (WPP) today announces the appointment of Ita Murphy as UK chief executive to drive growth of its UK business operations. Ita will report directly to group chief executive Lars Lehne. The new Management Board of SYZYGY UK also includes [...]
Theresa May launches consultation into forcing firms to report ethnicity pay figures October 11, 2018 KPMG, WPP and the Royal Bank of Scotland (RBS) are among a number of businesses to have signed up to a new charter by Theresa May that aims to improve the recruitment and progression of ethnic minority employees. Alongside the charter the Prime Minister has also launched a consultation into mandatory ethnicity pay reporting, following last [...]
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 [...]
Diageo, WPP and Standard Chartered top league table of leading UK brands for gender equality October 4, 2018 Drinks maker Diageo, WPP and Standard Chartered have been named as the top performing UK companies for gender equality. However, the study admitted that despite progress being made, there was still a "long way to go" before equality was achieved in companies worldwide. General Motors in the US was the top performing brand worldwide. Worldwide, [...]
Apple, Google and Amazon top list of world’s most valuable brands October 4, 2018 Tech giants Apple, Google and Amazon have topped a list of the most valuable brands in the world in an influential study. British car company Jaguar Land Rover came in at 78th on the 100-strong list, while Burberry snatched 94th place and whisky maker Johnnie Walker took 97th. Spotify made its debut on Interbrand's list, [...]