What the other papers say this morning – 30 May 2014 May 29, 2014 FINANCIAL TIMES John Mack steps down from Rosneft John Mack, the former chief executive of Morgan Stanley, is to step down from the board of Russia’s state-controlled oil group Rosneft. His move comes after the US Treasury department last month sanctioned Igor Sechin, Rosneft’s president, in connection with Russia’s actions in Ukraine. Mack dismissed the [...]
Best of the Brokers for 03 March 2014 March 2, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com J MENZIES Panmure Gordon has a “buy” rating and 840p target ahead of the logistics firm’s full year results tomorrow. The broker expects a 4.4 per cent fall in pre-tax profits to £53.1m, due to falling magazine volumes, while the aviation business looks [...]
The four ways to gain credibility in your new role May 26, 2014 Think the hard part is over now you’ve got your dream job? Think again THE GHASTLY interview process is over, and you’re excited about a new challenge. But establishing credibility and adapting to the culture of a new organisation can be tricky. According to accelerating transitions expert Michael D Watkins (who has written a book [...]
The four ways to gain credibility in your new role May 26, 2014 Think the hard part is over now you’ve got your dream job? Think again THE GHASTLY interview process is over, and you’re excited about a new challenge. But establishing credibility and adapting to the culture of a new organisation can be tricky. According to accelerating transitions expert Michael D Watkins (who has written a book [...]
Aiming for the stars June 8, 2014 Annabel Palmer speaks to Jenny Biggam, media veteran and co-founder of the7stars AS the media landscape becomes ever more complex, media giants like Mindshare or OMD are having to look beyond the traditional recipe for success (small distribution networks, multiple revenue streams) towards greater innovation and efficiency. But Jenny Biggam, co-founder of the7stars (an independent [...]
Greene King brews up record-breaking Christmas January 13, 2014 Pub retailer Greene King has posted a rise in like-for-like sales of five per cent for the last six weeks. The company achieved a six per cent rise in like-for-like sales over the years two most important trading weeks. Christmas Day proved to be the most successful in the company's history, with 62,000 meals sold, [...]
Punch lenders reject a £2.3bn restructure plan January 27, 2014 PUNCH Taverns has hit another stumbling block in its efforts to resolve its £2.3bn debt-pile after creditors said yesterday that they would not support its revised restructuring plans. The pub group, which has over 4,000 pubs in the UK, warned on 15 January that it could be unable to continue trading unless a deal can [...]
Fourteen severe flood warnings in place as storm misery continues February 13, 2014 THE MET Office is warning of more bad weather today as a fresh barrage of high wind and heavy rain is expected to strike the UK. David Cameron yesterday called on local councils to act more quickly to get sandbags out to residents in need, as the Environment Agency warned that water levels in flooded [...]
Sales soar over festive season at Greene King January 13, 2014 BREWER and pub group Greene King yesterday reported a 3.8 per cent jump in its like-for-like sales during the first 36 weeks of its financial year, boosted by bumper food sales on Christmas Day. The results were helped by the two trading weeks covering Christmas and the New Year, during which Greene King reported sales [...]
City & Gild: All Hail Real Ale May 2, 2014 As a bloke of a certain age, the new wave real ale, artisan brewing phenomenon has not passed me by un-noticed; the emergence of owner-operated, boutique, passion-led breweries has reinvigorated a dying pub culture and given ales a new energy comparable to the recent growth in wine and vodka. It may just have done for [...]