Banks come to fore as sector to report results – London Report October 25, 2015 BANKING results season is upon us, with three of the big four reporting this week. And on the economic front, third-quarter GDP figures are expected to show that the economy is slowing down due to weaker construction and manufacturing output. Corporates Royal Dutch Shell and BG Group also report in with updates, as does sector [...]
Nine CEOs of UK firms at top of Harvard’s list October 14, 2015 NINE chief executives of UK firms have ranked among the best bosses in the world, according to Harvard Business Review’s (HBR) annual list. The UK is home to the second largest number of top-performing bosses along with France, and second only to the US, according to the list, released yesterday. WPP boss Sir Martin Sorrell [...]
These nine chief executives of British firms are the best performing bosses in the world for shareholder returns and environmental, social and governance performance October 13, 2015 Nine chief executives of UK firms are the best in the world. The UK is home to the second largest number of top-performing bosses along with France, and second only to the US, according to a new comprehensive ranking based on company performance. WPP boss Sir Martin Sorrell emerged as the fifth best chief in the world [...]
Britons more likely to drink than other nations in a range of situations October 10, 2015 It's no secret that Britons like a drink, and often don't need any excuse to crack open a beer or sip on a glass of wine, but a new survey shows Britons are the most eager of all nations in the world to have a drink. A study of 6,500 drinks from countries including UK, [...]
City Moves for 05 October 2015 | Who’s switching jobs October 4, 2015 EY The professional services firm has appointed Omar Ali as its new UK financial services leader. He replaces Chris Price, who will lead EY’s global people advisory services. Ali was previously UK banking and capital markets leader. He joined EY in 2001, becoming a partner at the age of 29 in 2006. He began his [...]
Tesco in talks to sell 10 more supermarket development sites to Meyer Bergman October 1, 2015 Tesco is in talks to sell a large chunk of its UK land portfolio, as the supermarket looks to raise funds to bolster its battered balance sheet and pay down debt. The company is understood to be in advanced discussions to sell 10 development sites to European investment giant Meyer Bergman for about £250m. The [...]
Nearly one in five Londoners think over-50s are too old to do their jobs October 1, 2015 Life begins at 50. Unless you work in London, in which case you'd better keep your head down and hope no one notices your age. Because not only do professionals in our capital consider an "older worker" to be full decade younger than the national average perception, a sizeable number of people think once you [...]
Sale of Tesco’s Clubcard business to WPP on the verge of collapse September 27, 2015 Tesco is likely to be forced to give up on the sale of its loyalty card business Dunnhumby as talks with WPP look set to collapse. The advertising agency has struggled to agree a price, according to the Sunday Times. Tesco hired Goldman Sachs earlier this year to look into selling a portion or all [...]
Golfer Jason Day’s 2015 PGA Tour earnings make him even richer than the FTSE 100’s highest earning chief Sir Martin Sorrell September 22, 2015 FTSE 100 bosses may be thinking of a change in career; as it’s been revealed that professional golfer Jason Day has pocketed more than $5m (£3.2m) from an incredible run of form in the past two months, not only pushing him above Rory McIlroy and Jordan Spieth to golf’s No1 ranking, but also one of [...]
Tesco: What assets has it sold and what’s left at the checkout after £4bn South Korea Homeplus sale? September 7, 2015 Tesco has bagged up another asset, adding a nice £4.2bn to its coffers from the sale of its South Korean Homeplus business to a consortium of investors, it was revealed today. It's a major milestone in the supermarket's efforts at fixing its balance sheet – here's how it's progressing so far. Bagged up South Korea [...]