Less is more: Apple beats expectations but unit sales fall February 1, 2018 Apple delivered better-than-expected fourth-quarter profits, though warned its unit sales were on the wane. Shares in the world’s biggest company rose over two per cent, putting it in pole position as US tech giants race to be the first to a $1 trillion stock market valuation. Revenue and earnings beat Wall Street forecasts. Revenue was [...]
Apple, Amazon and Alphabet in race to $1 trillion market cap as tech titans post massive sales numbers February 1, 2018 The race to become the first $1 trillion (£701bn) tech giant encountered fresh twists and turns last night as Apple, Alphabet and Amazon revealed their latest results. Apple, the world’s largest firm by market capitalisation, led the way as the trio posted a combined $125bn of sales. It beat revenue and earnings expectations but unit [...]
Sexists in the City? Fewer than there were, but we can do better January 26, 2018 The Presidents Club will not be holding any more fundraising dinners, but the consequences of the last one will be felt for some time. The undercover expose by FT reporter Madison Marriage has been the talk of the Square Mile, with details emerging of women employed as “hostesses” at the event, only to be pressured [...]
‘Not the City I recognise’: Helena Morrissey launches dinner to rival the condemned Presidents Club fundraiser January 25, 2018 City veteran Dame Helena Morrissey has launched a rival dinner to the widely condemned Presidents Club charity fundraiser, at which a number of female waitresses were found to have been sexually harassed in an investigation earlier this week. Morrissey, head of personal investing at Legal & General Investment Management, has already garnered support from names [...]
The seedy Presidents Club fundraiser that forgot what year it is January 25, 2018 Corporate Britain has been working hard in recent years to tackle gender imbalance. The business case for genuinely diverse executive boards is well established and any company worth its salt is ensuring that its pipeline of executive talent is broad and inclusive. Meanwhile, when it comes to those who are just starting out in their [...]
Presidents Club to close after groping scandal at men-only event January 24, 2018 The Presidents Club has announced it is shutting down following accusations of sexual harassment at a men-only charity dinner. A statement issued by the organisation this afternoon said: “The trustees have decided that the Presidents Club will not host any further fundraising events. Remaining funds will be distributed in an efficient manner to children’s charities [...]
Presidents Club scandal: Bank of England and WPP cut ties with the charity after allegations of groping and harassment at its men-only charity event January 24, 2018 Advertising giant WPP and the Bank of England have both severed all ties with charity organisation The Presidents Club, after an investigation revealed shocking levels of groping and sexual harassment of hostesses taking place at its men-only charity dinner. An investigation by the Financial Times revealed hostesses at the annual event, which is accompanied by [...]
Presidents Club: MPs line up to condemn “slimeball” event as Charity Commission confirms “assessment” into men-only fundraiser January 24, 2018 Female MPs have lined up to slam the Presidents’ Club for hosting a “slimeball” charity dinner, as the Charity Commission confirms it is “assessing” allegations. Conservatives including minister for digital and creative industries Margot James and former minister Maria Miller were among those to criticise the annual fundraiser after an undercover story by the Financial [...]
What the advertising industry should watch out for in 2018 January 3, 2018 We ask advertising bosses what’s in store for the year ahead. Alex Hesz, chief strategy officer, Adam&eveDDB In the era of fake news, advertising has emerged as an unlikely standard-bearer for scrutiny. We have long embraced the necessity of third-party regulation to verify what is fact and what is fantasy. Our job is to tell [...]
Public Register: Investors have published their FTSE naughty list of companies with the angriest shareholders December 19, 2017 This year has been punctuated by shareholder rebellions in businesses from WPP to Persimmon to the boardroom battle currently raging over the ousting of London Stock Exchange boss Xavier Rolet. But now shareholder anger at FTSE bosses’ pay packets has been dragged into the spotlight again, after the Investment Association launched its “naughty list” of [...]