Payback time but Bank of England’s bonus clawbacks are rife with pitfalls July 30, 2014 Quite literally, yesterday it was payback time for Britain’s banking industry. Regulators’ demands that lenders must force staff to hand back bonuses awarded as long as seven years earlier delivers a belated sense of justice for those clamouring for more robust post-crisis retribution. The Bank of England’s timing could hardly have been better, coming [...]
Too big to succeed? How Tesco’s new leader can take on the toxic retailer July 21, 2014 The last-minute cancellation of his “40 years at Tesco” party suggests that Philip Clarke’s departure came as a big surprise. But in truth, his future at Tesco had been looking increasingly bleak for months. The man himself conceded as much in March, with his surprise statement at a conference that his days as chief executive [...]
Unilever offloads salad dressing August 12, 2013 PINNACLE Foods, the US packaged food business behind brands such as Birds Eye and Hungry Man, said yesterday it has agreed to buy Unilever’s Wish-Bone salad dressings business for $580m (£374.7m). The deal is the latest sale of a well-known food brand by the FTSE 100 consumer group, after it sold its iconic peanut [...]
What the other papers say this morning – 20 May 2014 May 19, 2014 FINANCIAL TIMES EU banks face debt sale clampdown European regulators are seeking to clamp down on the sale of debt by banks to their own retail customers, amid fears savers do not realise the risks posed by such assets. The European Banking Authority is concerned about the sale of bank debt that could be bailed [...]
The in-house agency: Oliver Marketing CEO Simon Martin on the new media model July 13, 2014 Traditional ad and media agency models are under pressure – this everyone knows. But while some executives are nervously looking over their shoulders at the tech giants and consultancies, the in-house agency model is also shaking things up. According to the Association of National Advertisers, nearly 60 per cent of clients used in-house [...]
Unilever feeling more cautious July 25, 2013 UNILEVER has become more cautious about prospects for emerging markets, a big growth driver for the consumer goods company which yesterday reported underlying second-quarter sales expansion shy of market expectations. The Anglo-Dutch maker of Ben & Jerry’s ice cream and Dove skincare products said yesterday emerging markets’ growth was slowing as a result of broader [...]
What the other papers say this morning – 07 April 2014 April 7, 2014 FINANCIAL TIMES Ecclestone wants to regain grip on F1 Bernie Ecclestone has said he would like to regain control of F1 in partnership with leading teams such as Ferrari, even as he prepares to step back from the day-to-day running of the sport. Asked if he wanted to buy up stakes if they became available [...]
Unilever sales disappoint as emerging markets growth slows July 25, 2013 CONSUMER goods giant Unilever today posted underlying sales growth of five per cent in the second quarter of the year, falling short of forecasts, due to a slowdown in emerging markets. Emerging markets grew at 10.3 per cent, slightly down on 10.4 per cent in the previous quarter, while developed markets fell 1.3 per cent. [...]
Derwent assets soar in value February 27, 2014 Derwent London said its net asset value leapt by almost a quarter last year after agreeing a record £21.8m of lettings as companies flocked to take up space in its buildings. Net asset value soared by 23.6 per cent to £2.37bn in 2013. The developer said its office scheme the Buckley Building in Farringdon are [...]
London Report: Osborne likely to have missed financial target April 21, 2014 UK PUBLIC borrowing figures this week are expected to show that the chancellor George Osborne narrowly missed his target for this year. And while future revisions may bring the figures back within Osborne’s target, the figures are likely to bring further scepticism about whether the UK can continue to meets its fiscal targets. “We expect [...]