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Leadership
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Top 10
August 2019
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The Louvre, the world's most visited museum, broke its own record in 2018. The museum saw a 25% increase in visitors compared to its previous record set in 2012, a rise from 9.7mn to 10.2mn people. The demographic consisted of largely younger visitors, with over 50% under the age of 30. In addition to several other exhibits, the increase in visitors is primarily accredited to yo...
This morning Vectura announced an adjustment in their profit earnings, sharing an estimated Earnings before interest, tax, depreciation and amortization (EBITDA) increase from their original expectations. The United Kingdom based-pharmaceutical business attributes this adjustment to the increase sales of their Flutiform and Ultibro inhalers. Sales of flutiform were up by 8.6% from the 12 ...
Demand Side Response (DSR) is playing a crucial role in the transition to renewable energy, helping incentivise businesses across Europe to become greener, and ensuring the grid infrastructure can manage the fluctuating energy supply generated by renewable sources such as wind and solar. As governments across Europe continue to reward low-carbon businesses through grants and investments...
With consumer trust lower than ever, brands in 2019 will have to rethink their approach to social, placing increased emphasis on both transparency and authenticity. After Facebook’s Cambridge Analytica crisis, consumers have increasingly questioned the value such networks provide. Alongside these issues with privacy, many new features have entered the scene such as Live stories and one...
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...
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West Midlands, United Kingdom
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