Investment banks have taken a wait and see approach to Brexit July 28, 2016 London's investment banks are continuing to take a wait and see approach to the UK’s decision to quit the European Union more than one month after the vote. Of the 20 biggest investment banks in the UK, 40 per cent have so far expressed a view on the vote. Half of those institutions that have [...]
Pharma firms have promised to clean up polluting factories and stop people from over using antibiotics September 20, 2016 Some of the world's biggest pharma firms have pledged to crack down on pollution and curb overuse of antibiotics. A total of 13 global drugmakers, including Pfizer, Merck, Novartis, GlaxoSmithKline and Allergan, as well as Indian drugmakers Cipla and Wockhardt, said they would clean up pollution from factories making antibiotics and combat the overuse that's led to [...]
How did UK politicians react to Donald Trump’s victory? November 9, 2016 Donald Trump has won the US Presidential Election, and no one is sure how to react. The markets are down, the currency is all over the place and people have woken up in Britain confused and worried about what the future might hold for international relations. And what does this mean for the special relationship? [...]
Tata leadership race must show open mind December 16, 2016 Trump, May, Modi: protectionism takes many forms, and has many masters (and mistresses). In India, a curious case of economic nationalism is quietly unfolding at the country’s most significant conglomerate. In one sense, that’s unsurprising – India’s track record of foreign ownership restrictions in industries like insurance, banking and technology, is a lengthy one. But at [...]
Terra Firma boss Guy Hands on buying Agent Provocateur, dyslexia and moving on from multi-million EMI loss February 27, 2017 In June last year, Terra Firma dropped a £1.5bn lawsuit against Citi over the acquisition of EMI. It is reported that Guy took a €200m (£168m) hit to his personal fortune as a result of the deal. The Terra Firma boss alleged that Citi misled him into overpaying for the music publisher in 2007. How’s [...]
Domino’s Pizza serves up tasty set of better-than-expected results driven by international expansion July 21, 2016 Saturday-night-in stalwart Domino's Pizza has posted better-than-expected quarterly sales as it continued to boost its international presence. The figures Net income at the pizza delivery leader rose 7.3 per cent to $49.3m (£37.5m) in the second quarter to 19 June, up from $45.9m in the same period of last year. Total sales grew 12 per cent to $547.3m, [...]
McDonald’s sales go stale as revenues drop 10 per cent July 23, 2015 Not a good start for new McDonald's chief executive Steve Easterbrook, after the company reported revenues down 10 per cent to $6.5bn (£4.2bn) in the three months to the end of June. The figures Global sales fell 0.7 per cent in the quarter, while operating income fell 16 per cent to $1.8bn. Diluted earnings per share also fell 10 per [...]
McWhopper 2.0: Burger King wants to make a mash-up with Denny’s, Wayback Burger, Krystal and Giraffas – and McDonald’s is still invited September 4, 2015 A new twist in the McWhopper tale: Burger King’s McWhopper PR stunt, which was immediately shut down by its rival McDonald’s has been resurrected, after several other fast food chains "begged" to collaborate on its Peace Day campaign, it said. Burger King had an innovative idea for Peace Day. The fast food company held out [...]
Jeremy Corbyn announces new shadow cabinet amid mass resignations June 27, 2016 Jeremy Corbyn has announced ten new members of his top team this morning in defiance of the slew of resignations engulfing Labour's frontbench and ahead of a crucial meeting of MPs later this evening. As a host of shadow ministers resigned this morning, Corbyn has already promoted a number of loyalists and insiders to senior positions in his shadow [...]
Meet the “McWhopper”: Burger King proposes joining forces with McDonald’s to create hybrid burger ending decades of rivalry on Peace Day August 26, 2015 Burger King is taking on the role of Frankenstein and wants to create a (delicious) monster hybrid burger combining the best bits of its Whopper and the McDonald's Big Mac – aka, the McWhopper. The burger chain has offered an olive branch to its rival, calling for them to join forces and create the burger [...]