Tesco to cut up to 10,000 jobs amid overhaul February 15, 2015 Tesco could cut up to 10,000 jobs as part of a radical overhaul by chief executive Dave Lewis aimed at halting a slide in profits. Britain’s biggest supermarket, which employs around 314,000 staff, announced plans last month to save £250m a year by axing 43 unprofitable stores, shelving 49 new projects and closing its [...]
Deutsche Bank’s client growth helps firm leap up adviser table March 2, 2015 DEUTSCHE Bank was the big winner in the first-quarter adviser rankings making gains in both the stockbroker and financial adviser categories in terms of client market capitalisation, according to figures from Adviser Rankings. The Frankfurt-based investment bank, which boasts clients such as British American Tobacco, Unilever and Greene King, stood out as the biggest climber [...]
Chinese growth data pushes FTSE 100 higher – London Report January 20, 2015 MINING stocks boosted the FTSE 100 yesterday, after Chinese data beat expectations which pleased mining companies that export to the country, although a tepid outlook from Unilever kept confidence in check. The FTSE 100 index closed 0.5 per cent higher at 6,620.10 points, after earlier reaching its highest point since the start of 2015 at [...]
Hellman’s sues US firm for calling its no-egg mayonnaise “Just Mayo” November 11, 2014 Is an egg-less mayonnaise a mayonnaise at all? This is the big debate that's cracked open in the condiment's corporate world. Unilever, which manufactures Hellman's mayonnaise, is suing the American firm Hampton Creek for creating a no-egg mayonnaise brand with what it argues is a misleading name – “Just Mayo”. It accuses Hampton [...]
TNT Express share price rises on FedEx’s €4.4bn bid April 7, 2015 Shares in Dutch firm TNT Express leapt by a third yesterday after FedEx announced a €4.4bn (£3.2bn) all-cash offer to acquire the beleaguered delivery giant. TNT has struggled since European regulators prevented it from merging with UPS in 2013, with its market share declining by five per cent leading to a €137m loss in the [...]
11 of the world’s 100 most sustainable companies are in the UK: Marks & Spencer, BT, and the London Stock Exchange January 22, 2015 The UK is home to 11 of the world's 100 most sustainable companies with Marks & Spencer, BT, and the London Stock Exchange all making it into the prestigious ranking. The other UK-based companies listed were Reckitt Benckiser, Centrica, Unilever, British Land, Sky, Pearson, BG Group and Electrocomponents. Each year media company Corporate Knights produces the ranking which measures companies' sustainability in terms [...]
Fifa presidency: How brands can stop the beautiful game turning sour January 31, 2015 That there is something unsavoury at the top of world football would appear to be beyond doubt, it’s just that it seems most people are powerless to do anything about it, and the situation is rapidly falling into farce, with the likes of David Ginola and now Luis Figo threatening to make bids for the [...]
Nestle growth slows in 2014 but dividend gets a hike February 19, 2015 The figures Profits were up by 4.4bn Swiss francs (£3bn) to 14.5bn Swiss francs (£10bn), but sales growth slipped. Organic sales growth for 2014 came in at 4.5 per cent, just below targets of five to six per cent for the second year running, however, it's still targeting five per cent growth for 2015. Sales fell 0.6 [...]
Decline in emerging markets slows Unilever sales growth April 24, 2014 Consumer goods giant Unilever has reported underlying sales growth of 3.6 per cent, with emerging markets rising by 6.6 per cent for the first quarter of 2014. However, market growth continued to decline in the emerging economies of South and South East Asia, while developed markets remained relatively fragile despite some improvement in southern Europe. [...]
Tesco pays out £1.2m to former chief executive February 3, 2015 TESCO has reluctantly agreed to hand over more than £2m in payments withheld from its former chief executive and former chief financial officer in the wake of last year’s shock £263m profit scandal. Britain’s biggest supermarket said yesterday that it will pay Philip Clarke £1.22m and Laurie McIlwee £970,880 in “liquidated damages” after lifting suspensions [...]