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Leadership
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Technology
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Top 10
August 2019
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For this 2018 list of top European CEOs, we focus on the leaders at the helm of the biggest revenue-producing companies on the continent. 10. Jean-Laurent Bonnafé - BNP Paribas With a reported revenue of $109bn for 2017, this international banking company generated a 14.7% increase in profit over the previous year, even though revenue decreased by more than two percent. Je...
Stockholm's role as the tech centre of Scandinavia may be surprising, but what's really astonishing is everything this Swedish city has to offer. Located at the point where Lake Mälaren enters the Baltic Sea, Sweden's capital boasts the highest urban population in the Nordic countries at 2.3mn in the greater metropolitan area. Accounting for a third of the country&...
The Swedish retail giant, IKEA, has entered the Indian market by opening its first store in the country. The shop, which opened on 9 August, is located in Hyderabad, the capital city of the Telangana state in southern India. The firm plans to open 25 outlets in the country by 2025, announcing it will be investing at least $1.5bn in the nation. The 400,000sqft store, which is h...
The Switzerland-headquartered mining firm, Glencore, has revealed its half year results, announcing its 23% increase in earnings. The company’s earning before interest, taxes, depreciation, and amortization rose to US$8.27bn in the review period from $6.74bn in 2017. Glencore’s net income hit $2.78bn in the six months ending June, a 13% rise from the previous year&rsquo...
We kick things off in our August issue with a procurement success story. By travelling over to Germany to meet Innogy’s CPO Dr. Ulrich Piepel, we were able to uncover the progressive strategy implemented by the renewable energy giant. In our feature-length article and exclusive video, Piepel explains how procurement has become a core function through the introduction of new techno...
High Speed Two (HS2), the high-speed railway project to connect cities in the UK, has appointed Amey a construction power supply contract. The UK-based infrastructure support firm will be responsible for supplying the construction of the railway project with power. The contract was granted by the Align JV – featuring Bouygues, Sir Robert McAlpine and VolkerFitzpatrick. ...
The Indian ride-hailing firm, Ola, has announced plans to launch operations in the UK by the end of 2018. Ola will be entering the European market for the first time in South Wales in September followed by Greater Manchester. The firm is in discussions with local authority in order to acquire licences to enter London and other locations across the country. The company has expa...
The French retail giant, Carrefour, and the British supermarket company, Tesco, have confirmed their purchasing alliance is expected to be operational by October this year. The firms announced their strategic partnership, which they have now formally entered, in July. Under the companies’ agreement, the purchasing alliance will continue for three years. The alliance aims to a...
Recent research has confirmed what many business leaders already suspected to be true: company culture really does matter. The Culture Economy , a survey commissioned by breatheHR, reveals that a third of British employees have left jobs due to them not fitting the workplace culture, and that a company’s culture directly influences its productivity. Meanwhile, the Chartered ...
Mercedes-Benz has confirmed that production for its C-Class Saloon vehicle has begun at the Bremen plant in Germany. “The transition of the highly varied series took place during full capacity and within one day. In the highly flexible production, digital solutions and shopping carts are used to control diversity,” stated Daimler, the parent company of Mercedes-Benz, in a pr...
The Chief Executive Officer of Volkswagen, Herbert Diess, has announced Ralf Breandstaetter as the new Chief Operating Officer of the firm’s VW brand. The parent company of Audi and SEAT has made the appointment as part of its strategy to renew its senior management. The CEO joined the German automaker in April earlier this year, and has since aimed to recruit new managers an...
BP’s underlying replacement cost profit rose to US$2.8bn between April and June this year – four times the profit total 12 months prior. In the second quarter of 2017, the firm’s profit, or net income, only reached $0.07bn. In the first quarter of this year BP recorded its net income at $2.6bn. The company’s profit was forecast to reach $2.7bn in the ...
Siemens and its consortium partners, Orascom Construction and Elsewedy Electric, announced the completion of the Egypt Megaproject on 24 July. Operations began at the Beni Suef, Burullus, and New Capita power plants, which were completed in record time. The stations create a combined capacity of 14.4GW, generating enough energy to power 40mn people through the grid. The plants...
The European media company based in London, Sky, has revealed a rise of 7% in its profits in the year ending June. The company’s sanctuary operating profits reached £1.034bn (US$1.36bn) in the 12 months reviewed. The entertainment firm’s earnings before tax also increased by 9% to hit £2.3bn ($3.03bn). Sky claims this marks the 29th consecutive year of ...
The German investment bank, Deutsche Bank, announced its net profits drop for the second quarter of 2018. The three months to June saw the company’s net profits fall by 14%, from €466mn (US$545.57mn) in the same quarter of 2017 to €401mn ($469.48mn). The firm’s revenue remained around the same as the previous year, dropping by 0.45% from €6.62bn ($7.75bn)...
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