Uber’s $62.5bn valuation means it’s worth more than BT, Prudential and Barclays – and 86 other FTSE 100 constituents December 4, 2015 Uber is reported to have filed paperwork outlining plans to raise as much as $2.1bn (£1.4bn) in its latest funding round. Were the company to complete that funding round (and according to the Bloomberg report, the wheels are very much in motion for that to happen – with Tiger Global Management and T Rowe Price both [...]
Battle of the Banks: UBS is financial advisor to the most FTSE 100 companies, followed by JP Morgan and Bank of America Merrill Lynch November 30, 2015 UBS has managed to win the battle of the banks and remain at the top of the table of FTSE 100 financial advisors for another year, with 14 clients in the UK's blue-chip index, according to Adviser Rankings' data. JP Morgan and Bank of America Merrill Lynch (BoAML) were just behind with 13 and 11 [...]
EU referendum: new CBI director general Carolyn Fairbairn puts pressure on Prime Minister David Cameron over in/out vote November 23, 2015 Britain’s biggest business group is urging Prime Minister David Cameron to accelerate plans for the European Union referendum, warning that investment is beginning to suffer at the hands of a protracted renegotiation. Carolyn Fairbairn, who took over as director general of the Confederation of British Industry (CBI) last week, has told City A.M. that uncertainty [...]
EU referendum: new CBI director general Carolyn Fairbairn puts pressure on Prime Minister David Cameron over in/out vote November 23, 2015 Britain’s biggest business group is urging Prime Minister David Cameron to accelerate plans for the European Union referendum, warning that investment is beginning to suffer at the hands of a protracted renegotiation. Carolyn Fairbairn, who took over as director general of the Confederation of British Industry (CBI) last week, has told City A.M. that uncertainty [...]
A conscious decoupling: Paperhat Group CEO Tim Peppiatt talks CGI, direct mail and building wraps November 8, 2015 They used to have to cut the roof off, but when you see a car seat in a sports car advert, it's likely to be CGI," says Paperhat Group chief executive and founder Tim Peppiatt. "They reproduce the same leather and stitching using the same wire frame used to build the vehicles in the factory. [...]
FTSE 100 index opens up led by Glencore, Anglo American, BHP Billiton and Marks and Spencer November 4, 2015 The FTSE 100 opened marginally up this morning, led higher by mining companies, as Glencore reported it was reducing the size of its net debt. The UK's top blue chip index was up 0.44 per cent at 6,411 points. Glencore, the mining giant, which has been struggling to reassure investors worried about the size of [...]
Advertising giant WPP buys majority stake in digital media buyer Essence November 4, 2015 A sign of the times? Ad giant WPP announced this morning it had bought a majority stake in Essence, a London-based digital media buyer. In a statement this morning, WPP said Essence, which was founded in London in 2005 and manages media spend of more than $700m (£453m), "blends data science, objective media and captivating experiences to [...]
Prime residential London rents post sharpest annual fall in two years November 2, 2015 PRIME central London residential rents reported their steepest monthly decline in two years in October, research out today claims. Knight Frank’s latest monthly index released today shows rental values fell by 0.5 per cent compared with the previous month and slowed to 1.5 per cent growth year-on-year. That compares with May’s three-year high of 4.5 [...]
TalkTalk and WPP pull index off Friday’s high – London Report October 27, 2015 A fall in advertising group WPP, while TalkTalk’s losses worsened in the wake of a cyber attack, weighed yesterday on the FTSE 100 as it slipped off two-month highs. The blue-chip index ended 0.4 per cent lower at 6,417.02 points, having risen 1.1 per cent on Friday to its highest level in two months. Commodity [...]
WPP posts sales growth of 3.3 per cent but warns of caution among its clients as China slowdown takes hold October 26, 2015 WPP has posted net sales growth of 3.3 per cent as it warns of caution among clients The figures Third quarter revenues at the advertising giant were up 5.9 per cent at £2.93bn for the third quarter. Meanwhile, net sales rose 3.3 per cent to £2.5bn. Net new businesses was reported as £3.2bn in the first nine [...]