Why your CEO got fired: Ethical lapses cost bosses their jobs in 2018 May 15, 2019 The turnover rate of CEOs soared to 17.5 per cent last year as ethical lapses became the biggest factor behind sacking bosses. Read more: Revealed: The CEOs who oversaw tech's 10 biggest share price rises While the 20 per cent rate of “forced turnovers” among departures at the top remained the same in PwC’s 2018 [...]
Metro Bank shares continue to soar ahead of £350m capital raise announcement May 15, 2019 Metro Bank shares have continued to climb this morning as investor confidence grows ahead of the challenger bank’s £350m capital raise. The embattled bank is expected to announce the results of its fundraising efforts later today after the market closes. Read more: Metro Bank shares sink to fresh all-time lows after Whatsapp rumours Shares have [...]
Stobart names new chairman after boardroom battle with former chief Andrew Tinkler May 15, 2019 Stobart has chosen a new chairman to succeed the incumbent Iain Ferguson, who was at the centre of a boardroom battle last year with former chief Andrew Tinkler. The aviation and energy giant has announced that David Shearer, a former senior partner at Deloitte in Scotland and Northern Ireland, will join the Stobart board as a [...]
Where next for Bitcoin? May 15, 2019 | City Talk Bitcoin is on the up again. The biggest crypto asset has rallied above $8,000, reaching its highest since last summer after more than doubling this year. It seems momentum is building for bulls and you cannot ignore that once Bitcoin builds up a head of steam, the mania can come back, and the momentum traders [...]
Business cards on the table – what does yours say about you? May 15, 2019 Regardless of industry or sector, the success of a business is often determined by one important moment: the first impression. Although it’s not something that we like to admit, it’s human nature to pass judgement on someone during an initial meeting – first impressions can linger for some time afterwards. For this reason, a good [...]
Firms forced to tell customers about cheapest mobile and broadband deals under new Ofcom rules May 15, 2019 Broadband, phone and TV firms will be forced to tell customers about their best deals under new rules unveiled today by Ofcom. The new regulations mean telecoms firms will have to notify customers when their contracts are coming to an end and lay out the best tariffs available. Read more: UK average broadband speeds rise by a [...]
Speedy Hire profits jacked up as small business strategy pays off May 15, 2019 A slow uptake of its newly launched app was a rare downside over the past year for tools rental business Speedy Hire as profits shot up. The figures Revenue ticked up nicely by 5.8 per cent to £394.7m as the company spent around £31m on two acquisitions, bringing in expertise in training and powered access. [...]
FTSE 100-listed Compass results point north as revenue and profits rise May 15, 2019 Food services business Compass bolstered its top and bottom lines in the first half of its financial year as one analyst dubbed the company’s reliable growth as “brilliantly boring”. Read more: Compass shares near all-time high after strong revenue growth The figures Operating profit rose almost seven per cent to £913m year on year for [...]
Cineworld maintains guidance as it looks ahead to bumper slate of films May 15, 2019 Cineworld has said it is on track to deliver full-year revenue in line with expectations, as it looks ahead to a string of hit releases later in the year. The London-based cinema chain posted a 9.4 per cent drop in revenue over the first quarter, which it blamed on the timing of major releases such [...]
Can a 60/40 split portfolio deliver better outcomes? May 15, 2019 | City Talk Recent decades have been a tumultuous time for investors. In the last 20 years alone we have experienced two of the biggest stock market crashes in history – the bursting of the dotcom bubble at the turn of the millennium and the financial crisis in 2008. Smoothing returns and avoiding losses has been a crucial [...]