Premier Foods sees share price fall in subdued market June 18, 2014 Premier Foods share price suffered a heavy fall yesterday, dropping by 9.57 per cent to finish on 52p after it announced a hit to sales of its main “power brands” range of products, such as Bisto, Homepride, Mr Kipling and Oxo. However, it maintained its full-year profits expectations and announced a new joint venture with [...]
Steve Varley: The boss doing the running for EY October 1, 2014 No celebrations for EY Britain’s boss, Steve Varley, despite a 8.6pc rise in turnover. Steve Varley, head of EY’s British arm, laughs nervously. After three years at the helm, the Yorkshireman has clear, almost PR-perfect soundbite answers to any question about the business. The one that has flummoxed him is how he and [...]
Car Review: Rolls-Royce Phantom – as big, luxurious and iconic as ever August 12, 2014 Alan Sugar drives one. So does Simon Cowell. But, by and large, owners of the Rolls-Royce Phantom prefer discretion. For every ostentatious celeb with a Roller there will be 10 discreet owners who hide behind the tinted, double-glazed windows. Yet it’s impossible to avoid people stopping and staring when you drive one. It may have [...]
Author Allan Ahlberg turns down award because it is sponsored by Amazon July 11, 2014 Revered children's author Allan Ahlberg has turned down an award for lifetime achievement because it is sponsored by Amazon, saying “the idea that my 'lifetime achievement' should have the Amazon tag attached to it is unacceptable". The award was offered to him by the Booktrust at its Best Book Awards earlier this month, and [...]
City Moves for 02 December 2013 | Who’s switching jobs December 1, 2013 Aecom The technical and management support services firm has appointed Will MacDonald as regional director of its building engineering team. He has over 25 years’ experience in the industry, and joins from Inhabit Group, where he was technical director. MacDonald has also held roles at Land Lease. Mirae Asset Global Investments The asset management firm [...]
EE reveals 4G signups have overtaken 3G May 21, 2014 Mobile operator EE has signed up 3.6m 4G customers and today said sign ups of its 4G plans have overtaken those of 3G plans for the first time. Chief executive Olaf Swantee marked the occasion by launching a range low cost 4G devices, all named after British birds, that will join its budget £99 Kestrel [...]
What you need to know before the US open May 27, 2014 US stock futures rose this morning, as investors bet on expectations of rate cuts from the European Central Bank. World shares have risen to a near all-time high, too, as the central lender continues to point towards continuing global liquidity. Meanwhile, durable goods rose unexpectedly, by 0.8 per cent, suggesting a stronger rebound than expected. [...]
Tasty earnings at Yum Brands as China tucks into KFC and pizza April 22, 2014 KFC parent company Yum Brands last night posted healthy first quarter results, largely in line with analyst expectations. The group revealed net income of $399m, up from $337m (£237m) in the first quarter of 2013. Revenue was $2.72bn for the quarter, which narrowly missed predictions of $2.79bn. Results in China were strong, despite concerns over [...]
It’s not just Nintendo’s share price that’s crumbling June 10, 2014 The news that Sony has overtaken Nintendo in terms of total number of console games for the first time in eight years has struck another blow to the House of Mario. While these figures reported by Japan's Nikkei business news site are no cause for celebration at Sony either – they are only ahead [...]
Obama’s got it right: Why it’s in the West’s interest to help the Kurds out August 11, 2014 “All that is necessary for the triumph of evil is that good men do nothing.” For the second time in this doleful summer, the Islamic State (IS) has astounded the world. Following its stunning success in June – snatching and then consolidating territorial gains in eastern Syria and western Iraq into a terrorist state the [...]