IEA poaches Legatum’s top Brexit adviser Shanker Singham and team March 9, 2018 Free market think tank the Institute of Economic Affairs (IEA) has poached Shanker Singham and three of his team from rival firm Legatum. Singham, who is widely seen as one of the top Brexit policy advisers and has played a key role in guiding the government's thinking on the issue, will head up the IEA's [...]
McBride’s share price leaps as turnaround plan boosts profits February 24, 2016 Europe’s leading manufacturer of own-brand household and personal care goods McBride cheered investors after reporting a better-than-expected jump in profits, sending shares soaring by 10.2 per cent. The company, which supplies supermarkets with household goods such as washing liquid and dishwasher tablets, posted a 56.3 per cent jump in adjusted pre-tax profits for the six [...]
Behind the deal: These are the bankers and advisers working on the £3.7bn Tesco-Booker tie-up January 27, 2017 Tesco’s £3.7bn deal for wholesaler Booker is an early boost for the UK’s 2017 M&A market, following a rather subdued 2016. Below are details of the bankers and advisers behind the deal. Tesco advisers It’s increasingly difficult to find a big UK deal without a boutique investment bank at its centre. And this £3.7bn merger proved [...]
Asos won’t be making an Amazon-style move into physical shops July 7, 2016 Asos won't be following in Amazon's footsteps and bringing its brand onto the high-street, intending to focus on mobile sales instead. Speaking to City A.M. about whether the online retailer would ever open physical shops, Asos' chairman Brian McBride said: "It's not on our current plans. Read more: Amazon is opening its first physical bookshop McBride said the idea of [...]
Young people actually prefer physical shops more than any other age group July 18, 2016 The success of online retail is less dependent on iPhone-obsessed millennials than you may think, according to new research by British Land. Young people are actually more likely to visit an physical shop than any other age group. They are also most likely to browse items in a physical store, and order online later if what they want isn't in stock. [...]
McBride relies on strong German market as UK performance flags July 7, 2015 PRIVATE label product supplier McBride said yesterday continued strong growth in Germany helped to offset a weaker performance in the UK and other key continental European markets during the year to 30 June. The company said revenues for the 12 months were up by 0.3 per cent compared to last year. Operating profit for the [...]
Plain packaging: Here are six reactions to today’s High Court ruling on cigarette packets in the UK that will be introduced tomorrow May 19, 2016 This afternoon the High Court ruled against a legal challenge brought forward by big tobacco companies to try and avert new plain packaging laws that will be implemented tomorrow. The world's big four tobacco companies were involved in the legal challenge, which was led by Philip Morris International and British American Tobacco. Japan Tobacco International [...]
Black Monday: Gordon Brown’s former spad Damian McBride thinks you should stockpile food and water to ride out the crash August 24, 2015 Worried about Black Monday? You're not the only one. Although you might not be reaching the same conclusion Damian McBride has. Gordon Brown's former spad has tweeted some urgent advice on the back of this morning's stock market tumbles – and it sounds like he is taking the crash pretty seriously. If any [...]
The Angry Birds Movie is a story for children about a collection of rare birds violently catapulted into shoddily built towers May 12, 2016 In a post-Battleship world, it seems no premise or product is too remote to base a film on. Step in Angry Birds, the mobile game that was the saviour of long commutes everywhere when it burst on to the scene in 2009. The spin-off movie was met with incredulity but hopes have quietly risen given [...]
Now Cadbury is shaking up the recipes and wrappers of some sweets in its Roses boxes April 21, 2016 First they changed the recipe of our Fruit and Nut Bars, then they changed the recipe of our Creme Eggs: now Cadbury owner Mondelez is coming for our Roses. This morning the company said it is not only planning on changing the shape of two of the chocolates, but it's also (gasp) altering the wrappers of the [...]