Chancellor Rachel Reeves delivered Labour’s first Budget in 14 years, announcing £40bn of tax rises, Central London Alliance comments
A £2bn tax cut shouldn’t be sniffed at December 6, 2011 CREDIT where credit is due. We are always quick to criticise the fiddly micro-measures so beloved by the Treasury, mere baby steps that do nothing to boost the competitiveness of UK Plc. But when it comes to corporation tax, the coalition has made great strides. By 2015-16, the exchequer will collect some £2bn less in [...]
Investors prepare for Facebook’s IPO November 20, 2011 REID Hoffman, the founder of LinkedIn, expects Facebook to finally pull off its long-awaited IPO in the first half of next year. Mark Zuckerberg’s (pictured) company is keen to cash in on the bumper demand for tech IPOs, with the social network expected to break every record in the book when it finally lists. Its [...]
The debate over chief executives’ pay isn’t simple November 6, 2011 INCOME Data Services (IDS) released a report on executive pay last week, drawing hysterical condemnation of business leaders from unions, politicians and journalists. However, research by Harvey Nash’s Board Practice and the London Business School’s MBA Consulting Team reveals that FTSE 100 chief executive pay is just not as simple as many would like us [...]
WPP sells $500m of notes November 3, 2011 Advertising giant WPP yesterday raised $500m through the sale of 10-year senior unsecured bonds. It is understood the company will use the proceeds to refinance its existing debt. Barclays Capital, Bank of America Merrill Lynch, HSBC and Royal Bank of Scotland are thought to have led the sale, with BNP Paribas and Citigroup co-managing. The [...]
A strong US performance boosts Aegis November 1, 2011 Advertising giant Aegis yesterday outperformed the industry, smashing analyst growth forecasts. The UK firm was buoyed by a strong performance in the US, where rivals including WPP have struggled in the last three months. It posted organic revenue growth of 11.2 per cent, compared with analyst forecasts of 7.5 per cent. Aegis said it expects [...]
A strong US performance boosts Aegis November 1, 2011 Advertising giant Aegis yesterday outperformed the industry, smashing analyst growth forecasts. The UK firm was buoyed by a strong performance in the US, where rivals including WPP have struggled in the last three months. It posted organic revenue growth of 11.2 per cent, compared with analyst forecasts of 7.5 per cent. Aegis said it expects [...]
WPP: Chinese revenues will overtake UK October 30, 2011 WPP, the world’s largest advertising company, sees China overtaking the UK as its second biggest market in two to four years. Chief executive Martin Sorrell has embarked on a blistering acquisition drive in emerging markets, with a string of investments in China. His firm’s revenue in the booming market is about $1.1bn (£680m), making it [...]
WPP cuts forecast but says margins improving October 28, 2011 WPP, the world’s largest advertising company, cut its outlook for the full year on Friday due to slowing growth in the US and concerns in the Eurozone, but reassured the market with signs of improving margins. Martin Sorrell’s WPP said preliminary forecasts for the full-year indicated like-for-like revenue growth of 5 percent, compared with a [...]
WPP cuts forecast but says margins improving October 28, 2011 WPP, the world’s largest advertising company, cut its outlook for the full year on Friday due to slowing growth in the US and concerns in the Eurozone, but reassured the market with signs of improving margins. Martin Sorrell’s WPP said preliminary forecasts for the full-year indicated like-for-like revenue growth of 5 percent, compared with a [...]
Havas sees strong revenue growth October 27, 2011 Paris-based advertising company Havas yesterday reported its strongest organic revenue growth in three years, up more than seven per cent. The group’s third quarter revenue rose five per cent to £339m, with a decline in its home market the only blot in its copybook. Havas, which competes with larger rivals Publicis, WPP and Omnicom, said [...]