Coca-Cola HBC’s revenue fizzes up in third quarter despite bad weather November 13, 2019 Shares in Coca-Cola HBC have risen this morning after the Coca-Cola company bottler reported an increase in revenue for the third water despite poor weather dampening volume growth. HBC’s net sales rose five per cent during the three months to the end of September compared to the same period last year. Read more: Coca-Cola’s advertisement [...]
Easyjet share price dips despite profit on track to hit £430m October 8, 2019 Easyjet today predicted it will hit upper profit guidance of up to £430m for its full year, despite rising costs. The airline said profits would hit between £420m and £430m in profit before tax in a trading update today, just off its £440m upper range prediction. Read more: COO comes in as Easyjet hails ‘robust’ [...]
B&Q owner Kingfisher’s new CEO blasts ‘disappointing’ like-for-like sales slump November 20, 2019 B&Q owner Kingfisher saw like-for-like sales sink 3.7 per cent over its third quarter, as its new chief executive admitted he has “much to do” to improve the business. Sales sank 3.1 per cent to £2.96bn over the quarter to the end of October, with the UK seeing a one per cent decline in like [...]
DEBATE: Could bringing back bonuses help make pay fairer? January 10, 2020 Could bringing back performance-based bonuses help make pay fairer? YES, says Giles Gibbons, chief executive of Good Business, an ethical strategy consultancy. News this week that FTSE 100 bosses earn a typical worker’s wage in just 33 hours angered people across the UK — something has to change. And counter-intuitive as it may seem, bringing [...]
Bitcoin Is Here To Stay August 25, 2020 At a time of economic uncertainty, I’m certain about one thing: Bitcoin is here to stay. How can I be so confident? In its short life, Bitcoin has already been counted out numerous times. There is even a website that tracks each of its obituaries. However, each time it has come back stronger, and most [...]
Coronavirus: Cathay Pacific staff set for 21 days leave as spread continues February 5, 2020 Hong Kong’s Cathay Pacific airline has asked all of its 27,000 staff to take three weeks of unpaid leave in the coming months as demand crashed thanks to the coronavirus outbreak. The disease has now killed 490 people, with China’s National Health Commission confirming 65 more deaths yesterday, suggesting that the virus is spreading faster. [...]
Coronavirus: Dettol maker issues alert after Trump’s injection disinfectant comments April 24, 2020 Dettol and Lysol maker Reckitt Benckiser has issued advice telling people not to ingest its products “under any circumstances” after President Donald Trump suggested injecting disinfectants to treat coronavirus. Reckitt Benckiser said: “As a global leader in health and hygiene products, we must be clear that under no circumstance should our disinfectant products be administered [...]
Direct Line says coronavirus claims could weigh on its travel business March 3, 2020 Direct Line said today that the coronavirus outbreak could hit the 2020 sales of its travel business. The insurer said it had incurred coronavirus-related claims of around £1m, the majority of which were for trips to regions where the Foreign & Commonwealth Office (FCO) advised against all but essential travel. The company also estimated the [...]
DEBATE: Are calculations like ‘High Pay Day’ useful to the conversation around executive salaries? January 7, 2020 Are calculations like ‘High Pay Day’ useful to the conversation around executive salaries? Charles Cotton, senior pay and reward adviser for the CIPD, the professional body for HR and people development, says YES. Most people expect Britain’s top executives to be on higher salaries than the rest of society. However, “High Pay Day” shines a [...]
China hopes to secure trade deal with US ‘as soon as possible’ December 9, 2019 China said it hopes to secure a trade deal with the US “as soon as possible”, raising hopes of a breakthrough ahead of a fresh round of intense negotiations this week. Assistant Commerce Minister Ren Hongbin told reporters this morning that Beijing hopes to reach a trade agreement with the US that will satisfy both [...]