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Leadership
Finance
Technology
Marketing
Top 10
January 2020
December 2019
November 2019
October 2019
September 2019
August 2019
AI is not a new concept in the banking industry. Even as far back as the 1970s, trading floors have been using automated trading systems, which with the help of complex algorithms, were able to make millions of trades per day - what is known as ‘high-frequency trading’. Still, it took almost three decades to have the computing power and storage capacity to evolve the technology i...
The CFO that isn’t a ‘connected CFO’ will be lagging behind It will no longer be acceptable for a Chief Financial Officer (CFO) to fail to maximise the vast amount of data available at their fingertips to provide the rest of the business with meaningful and insightful data analysis. Real-time integrated operational Key Performance Indicator (KPI) models (both the ...
The British and US pharmaceutical firms, GlaxoSmithKline (GSK) and Pfizer, have announced they will merge their consumer health businesses. The combined unit will have an annual sales total of £9.8bn ($12.7bn). GSK will own the majority of the joint venture with 68%, whilst Pfizer will have the remaining 32% of equity interest. “The new Joint Venture will be well-p...
Famed for its robust economy, a highly-skilled workforce and a technology footprint that is, quite literally, out of this world, Luxembourg has placed itself firmly on the map as a pioneering capital – but could it be your next European business hub? Luxembourg may be one the smallest nations in Europe, but it’s trailblazing capital more than makes up for its stature. Locate...
The Finnish biodegradable plastic developer, Sulapec, has announced recent investment from the luxury French fashion house, Chanel. The startup has developed an innovative material using FSC-certified wood chips and natural binders, in a bid to respond to growing demand for environmentally friendly products and packaging. The company’s material can be used by manufacturer&rsq...
Welcome to the January edition of Business Chief Europe! In this month’s cover story, we caught up with premier hospitality company Four Seasons to find out how the guest experience has been transformed at the company’s Gresham Palace location in Budapest. Director of F&B, Gerd von Sierakowski, spoke to Catherine Sturman about how the hotel is modernising to attract loca...
200 aerospace manufacturers in the UK have applied to come under jurisdiction of regulators in countries in the European Union (EU). The companies, which include Bombardier and Cobham, have applied for the regulation in preparation for the UK’s departure from the union, the Guardian reported. The regulation will specifically cover the event of hard Brexit, which could see cur...
The UK-based energy companies, SSE and npower, has announced that they will no longer be merging. According to SSE, its board decided that “it is not now in the best interests of customers, employees or shareholders to proceed with the transaction.” The energy suppliers have attributed the failure to reach a deal to the price cap introduced by the government and growing c...
The Germany automaker, Daimler, has revealed plans to acquire $20bn (US$22.7bn) worth of battery cells by 2030. The move forms part of the company’s electrification plans, which also includes investing €10bn ($11.3bn) into the expansion of the Mercedes-Benz Cars electric vehicle fleet. “Our electric offensive continues to gain momentum,” stated Dr Dieter Z...
The London-headquartered advertising firm, WPP, has announced plans to invest £300mn (US$378.5mn) into its operations over the next three years. The company released its new strategy on 11 December, revealing plans to maintain its dividend as cut costs by £275mn ($347mn) per year. WPP aims to reduce costs by 2021 through the closure of offices and removing jobs that ove...
The US-base e-commerce giant, Amazon, has revealed plans to open a cashier-free store in the UK’s capital city, London. The shop will be introduced as part of the company’s Amazon Go international expansion, the Sunday Telegraph reported. Amazon is targeting locations in London’s West End, specifically near Oxford Circus, for its flagship Go site in the UK. T...
The Italian and American automaker based in London, Fiat Chrysler, has plans to develop an assembly plant in Detroit, Michigan. The company aims to convert an unused engine plant in the US into a new factory, according to the Detroit News. The Mack Avenue Engine II, which has been out of use since 2012, could be used to assemble the new three-row Jeep Grand Cherokee. The manuf...
The German automaker, Opel, has announced plans to accelerate its vehicle electrification process in 2019. The Groupe PSA subsidiary will open its books to two electric vehicles (EVs) in the first half of 2019 – the electric version of the new Corsa an the plug-in hybrid Grandland X SUV. “The new Corsa will make electro-mobility affordable for many customers, it will be...
The German automaker, Volkswagen, has announced it might use Ford’s manufacturing plants in the US. The firm is forming an alliance with the US-based automaker, the Chief Executive Officer revealed, Reuters reported. Herbert Diess made the announcement after a meeting in the White House with executives from BMW and Daimler. Volkswagen is also “considering building ...
The Norwegian state-owned energy company, Equinor, will enter an assets swap with the UK-based oil and gas firm, Faroe Petroleum. The companies have agreed to a binding, non-cash deal to exchange Norwegian oil and gas assets, Reuters reported. Faroe will swap interests in the Njord, Hyme redevelopment, and Bauge development assets, whilst Equinor will offer its Alve, Marulk, Ringho...
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