Costa owner Whitbread looks for Habgood successor November 14, 2013 Whitbread, the owner of Costa Coffee and Premier Inn, is on a hunt for a successor to Anthony Habgood, reports Sky News City editor Mark Kleinman. The FTSE 100 group, which also owns Beefeater and Table Table, has brought in headhunters to find a new chairman. Habgood, who also chairs Reed Elsevier, is likely to [...]
Sausage maker weighs link-up with Peperami October 13, 2013 KERRY Group, owner of Wall’s sausages, is in the running to gobble up iconic meaty snack Peperami after owner Unilever put the brand on the block. Peperami, famed for its “it’s a bit of an animal” slogan, was launched in 1982 in the UK and is sold in Germany as BiFi.
Record revenue at KPMG as firms start spending December 12, 2013 GLOBAL fee income at accountancy firm KPMG have hit a record high of $23.4bn this year – 3.7 per cent higher than in 2012. The firm said that businesses’ renewed confidence had led to an uptick in demand for its advisory and audit services, with emerging markets showing particularly strong growth. Revenues in India grew [...]
Miller gets lift from emerging market sales November 21, 2013 SABMILLER, the world’s second-largest brewer, said yesterday that emerging markets would continue to drive sales and earnings while European and North American consumers drink less beer. Other companies including Unilever and Diageo have reported a slowdown in emerging markets such as China and Brazil but SABMiller said it was upbeat on the outlook for Latin [...]
Freight demand hurts Wincanton November 7, 2013 WAREHOUSE and freight provider Wincanton yesterday reported a two per cent dip in revenue as demand from the UK retail sector continued to remain sluggish. The company, which caters to clients such as Unilever, Tesco and Marks & Spencer, said sales fell to £542.3m in the six months to the end of September, from £551.2m [...]
Nestle looks to sell Jenny Craig after announcing brands overhaul October 9, 2013 According to sources, Nestle is looking to sell Jenny Craig – its celebrity-endorsed weight loss company – and is speaking to a small number of potential buyers, reports Reuters. The sources, said Reuters, disclosed yesterday that Nestle was working with Goldman Sachs on the sale process. Last week, Nestle hinted at the closeness of a [...]
DS Smith profit soars as market share increases December 5, 2013 PACKAGING firm DS Smith saw its share price soar over six per cent yesterday morning, after posting a 52 per cent rise in half-year profits that showed its European expansion plan is paying off. The FTSE 250 company, which packages McVities Hobnobs among other popular brands, said pre-tax profits rose to £85m and revenue rose [...]
Inside Track: Moncler’s heavily subscribed new issue gives Milan a boost December 5, 2013 LONDON has enjoyed something of a return to form in the new issues market during 2013, but it’s the Milan stock market that is going out with a flourish. While the Dubai-based luxury property group Damac limped in a rather pedestrian way towards a £1.6bn London flotation this week after flirting with a postponement, there’s [...]
City Moves for 22 November 2013 | Who’s switching jobs November 21, 2013 Triangle The investment, property and asset management group has announced the hire of Rick Denton as group chief executive. He was most recently at Barclays, where he was head of international wealth advisory. Prior to that, he was offshore commercial director at Fortis Intertrust. Allianz Global Corporate & Specialty The insurance business has appointed Danny Turner [...]
The law firm leaders joining the global dots January 26, 2014 Baker & McKenzie’s jet-setting duo tell Elizabeth Fournier how they stay ahead FOR A law firm that is less than 70 years old, Baker & McKenzie has an impressive global footprint. From humble beginnings at the hands of co-founders Russell Baker and John McKenzie in Chicago in 1949, the firm now employs more than 4,000 [...]