Amec in £400m buyback plan February 21, 2012 AMEC yesterday announced a £400m share buyback and hiked its dividend on the strength of its 2011 profits. The engineer, which is a consultant to energy industry big hitters including Centrica and ConocoPhillips, said it had been buoyed by a string of acquisitions and was on the hunt for more. AMEC posted full-year earnings before [...]
When toughened Code doesn’t apply December 19, 2011 WHILE the Eurozone crisis is still dominating the agenda in the City, there are signs of returning interest in mergers and acquisitions, with some saying a mega deal on the scale of Kraft and Cadbury is not that far away. Opinions might vary about the benefits of bids and deals but they are the meat [...]
WHAT THE OTHER PAPERS SAY THIS MORNING January 19, 2012 FINANCIAL TIMES LOBBYISTS’ REGISTER UNVEILED Proposals to force all lobbyists to join a compulsory register will be set out on Friday as the government moves to toughen the regime for the industry. Launching a consultation on the sector’s governance, ministers will also take views on opening up the register to include other groups that seek [...]
Kraft names new executives December 6, 2011 KRAFT Foods has named its current chief executive, Irene Rosenfeld, to lead its snacks business and Anthony Vernon to lead its North American grocery business, when the giant packaged food company splits in two. Vernon is currently president of Kraft Foods North America. The maker of Cadbury chocolate and Oscar Mayer lunch meat said it [...]
Kraft names new executives December 6, 2011 KRAFT Foods has named its current chief executive, Irene Rosenfeld, to lead its snacks business and Anthony Vernon to lead its North American grocery business, when the giant packaged food company splits in two. Vernon is currently president of Kraft Foods North America. The maker of Cadbury chocolate and Oscar Mayer lunch meat said it [...]
Amazon is catching up to Britain’s top brand January 17, 2012 GOOGLE, Amazon and Marks & Spencer’s remain the healthiest brands in the UK in the eyes of consumers for the third year running, according to the annual YouGov BrandIndex league table of brands. They lead the way on the Index score, which is a composite of consumers’ perception of brands terms of quality, value, customer [...]
Apple hires Dixons boss as retail chief January 31, 2012 APPLE has poached John Browett, the boss of Dixons Retail, to take charge of its burgeoning network of retail stores. He will join the US technology giant in April as senior vice president of retail, replacing Ron Johnson, who resigned from Apple last November to join the US department store chain JC Penney as chief [...]
Cadbury apologises to Campbell after chocolate comparison slur June 3, 2011 CADBURY apologised to supermodel Naomi Campbell yesterday after she complained that an advert likening its chocolate bars to her contained racist slurs. The advert for Cadbury’s Bliss range of Dairy Milk bars used the strapline: “Move over Naomi, there’s a new diva in town”, with an image of the chocolate bar sat on a pile [...]
Hershey eyes ex-Cadbury boss Stitzer for its board June 8, 2011 US CANDY maker Hershey has held discussions with former Cadbury head Todd Stitzer about taking a seat on its board, it is understood. Stitzer, who left the British confectioner in 2010 after it was taken over by Kraft Foods, is also being considered for the chief executive job at Hershey, though interim boss John Bilbrey [...]
Hershey eyes ex-Cadbury boss Stitzer for its board June 8, 2011 US CANDY maker Hershey has held discussions with former Cadbury head Todd Stitzer about taking a seat on its board, it is understood. Stitzer, who left the British confectioner in 2010 after it was taken over by Kraft Foods, is also being considered for the chief executive job at Hershey, though interim boss John Bilbrey [...]