Sales & Marketing news

• 2 former traders at Izzy Englander's Millennium have reunited to launch a new hedge fund

  13-10-2016 23:01 via feedproxy.google.com
  
  Two former staffers at Izzy Englander's Millennium Management are launching a new hedge fund.
  The New York-based investment firm, Carbon Investment Partners, is scheduled to launch November 1 with $10 million under management.
  Lee Bressler, the new firm's portfolio manager and CIO, and Brandon Bradford, the president and CEO, are behind the launch.
  The stock-focused hedge fund is investing in the industrials sector with a focus on bottom-up fundamental analysis, and targeting
  
  Read more

• Netflix may have found a fix for its international growth problem: moving beyond English

  13-10-2016 22:59 via feedproxy.google.com
  
  Netflix’s key to finding international success might lie in moving beyond the English language.
  In January, Netflix launched in over 130 new countries on the same day, bringing it to every major market except China. But there was a problem. Many of the new countries had a Netflix catalog that wasn’t that useful to a big chunk of their citizens.
  Why?
  Analysts from UBS broke it down in a recent note: “The [Netflix] content and website/app was mostly in English without local
  
  Read more

• The rich aren't getting richer these days

  13-10-2016 22:12 via feedproxy.google.com
  
  Even the world's ultra-rich are feeling the pinch of a slowing economy. (Sort of.)
  Thanks to falling commodity prices, the stronger dollar, and the dilution of wealth in growing families, total billionaire wealth dropped by $300 billion to $5.1 trillion last year, according to a new report by UBS and PwC. On average, their collective wealth fell to $3.7 billion from $4 billion.
  "For the first time since the aftermath of the global financial crisis, billion
  
  Read more

• A top Wall Street CEO has a fresh pitch to millennials

  13-10-2016 22:12 via feedproxy.google.com
  
  Moelis & Company founder Ken Moelis wants to make Wall Street exciting again for young people.
  The star investment banker, who launched his own boutique firm in 2007, said in a recent interview with Business Insider that while the young Wall Street experience has changed, it is still exciting. 
  "The leverage Wall Street has to change the world is greater than technology," Moelis said. 
  "The ability to change the world and make an impact in a firm like this, where at a very you
  
  Read more

• Advertisement

• STOCKS ATTEMPT A COMEBACK: Here's what you need to know

  13-10-2016 22:00 via feedproxy.google.com
  
  US stocks dove in early trade on Thursday after some disappointing data out of China that showed foreign demand for its goods is weakening.
  All major indices were down by at least 1% around 10 a.m. ET.
  Stocks recovered some of their losses as the day went on, but still ultimately finished in the red.
  First up, the scoreboard:
  Dow: 18,098.94, -45.26, (-0.25%)
  S&P 500: 2,132.55, -6.63, (-0.31%)
  Nasdaq: 5,213.33, -25.69, (-0.49%)
  WTI crude oil: $50.43, +0.25, (+0.50%)
  1
  
  Read more

• MARK CUBAN: Leon Cooperman should kick the SEC's a--

  13-10-2016 21:56 via feedproxy.google.com
  
  Mark Cuban has a very low opinion of the Securities and Exchange  Commission.
  In an interview with CNBC's Power Lunch on Thursday, Cuban ranted against the SEC and said that he gave some strong advice to hedge fund legend Leon Cooperman, who is facing insider trading charges.
  "I'll tell you exactly what I told him, I told him to kick their ass," said Cuban to CNBC. "If this is six years later that they're bringing this [case against Cooperman], it's probably nonsense. I told him if it
  
  Read more

• Twilio tried to calm investors with a strong earnings forecast, but the stock is sliding anyway (TWLO)

  13-10-2016 20:58 via feedproxy.google.com
  
  Twilio's stock is down more than 4% on Thursday, continuing a serious slide that started on Monday after the cloud communications company announced a secondary share offering. Overall, shares have dropped over 10% this week.
  Twilio tried to calm investors by issuing a new forecast for its next quarterly earnings that would see the company beat Wall Street analyst expectations. But it seems to have had the exact opposite effect, as it only produced a short bump, and the slide conti
  
  Read more

• Renters in Manhattan are pushing back against exorbitant prices

  13-10-2016 20:23 via feedproxy.google.com
  
  Renters are increasingly rejecting the surge in rental prices in Manhattan.
  In September, the median rental price fell 1.2% to $3,396 year-over-year, according to a report from Douglas Elliman Real Estate released on Thursday. This was only the second time in 2016 that the median rent fell. It was flat in August, Bloomberg noted. 
  A quarterly report from the same firm released earlier in October showed that the number of sales fell 18.6% in the third quarter. 
  
  Read more

• Advertisement

• Sony is dependent on PlayStation, and that’s why it’s so hopeful for its new VR headset

  13-10-2016 19:47 via feedproxy.google.com
  
  Staying relevant in consumer tech is hard. Just look at Sony. The Japanese giant has managed to keep itself in the public consciousness for decades, but over that time it’s seen the rise and fall of the Walkman, the death of Vaio laptops, and a continuous dwindling of its Xperia phone segment. In recent years, consistent profits have been hard to come by.
  Still, it’s held on, thanks in large part to one shining star: PlayStation. Its PlayStation 4 is the undisputed winner of this gen
  
  Read more

• China gets a new billionaire every 5 days

  13-10-2016 19:05 via feedproxy.google.com
  
  Asia has reportedly produced a new billionaire every week.
  Well, it turns out to be much faster than that.
  A new report by UBS and PricewaterhouseCoopers found that one billionaire pops up in Asia every three days, outpacing all other regions in the world.
  China accounted for 71% of Asia's new billionaires in 2015, up from 35% in 2009, according to the report, which has analyzed data covering more than 1,300 billionaires over the past two decades.Of 113 Asian e
  
  Read more

• The Thai baht is surging

  13-10-2016 18:35 via feedproxy.google.com
  
  The Thai baht is surging. 
  The currency is up by 0.9% at 35.361 per dollar as of 12:27 p.m. ET.
  Earlier, Thailand's Royal Palace said King Bhumibol, the world's longest-reigning monarch, has died at age 88.
  "The death of Thailand's highly-revered king will plunge the country into a state of mourning, and also deep political uncertainty. There is a risk that political tensions flare up, triggering a slowdown in economic growth," argued Krystal Tan and Gareth Leather of Ca
  
  Read more

• Toyota could be making a big change to its China strategy

  13-10-2016 17:56 via feedproxy.google.com
  
  Toyota and and Suzuki are talking about an alliance, and the initial response, according to Bloomberg's Craig Trudell, Yuki Hagiwara, and Jie Ma, is dubious.
  "In exploring collaboration between Toyota and Suzuki Motor Corp., chieftains Akio Toyoda and Osamu Suzuki seek to tie together companies with a history of failed alliances," they wrote.
  A Toyota-Suzuki marriage would be quite the family business, obviously. Bloomberg focuses on the R&D benefits that Suzuki would reap, bu
  
  Read more

• Tesco versus Unilever: Who won the Marmite price row?

  13-10-2016 17:30
  
  The pricing row between Tesco and Unilever made headlines around the country this week. It was caused after Unilever reportedly raised the price of its products by 10% in a bid, it said, to offset the higher cost of importing caused by the weak pound following the Brexit vote.
  These sorts of pricing rows are not uncommon. Back in 2009  what is unusual is for the negotiations to sour so badly that they hit distribution and therefore are brought into a public arena. The added element of Brexi
  
  Read more

• Tesco versus Unilever: Who will win the Marmite price row?

  13-10-2016 17:30
  
  It’s news that many couldn’t have missed. Unilever has reportedly raised the price of its products by up to 10% in a bid to offset the higher cost of importing from abroad following the Brexit vote, as Unilever is based in the Netherlands. The FMCG giant’s decision led to a barrage of media coverage today (13 October) after Tesco started removing listings of Unilever brands on its website and stock disappeared from shelves.
  The BBC reports that other supermarkets have been hit
  
  Read more

• A quick Q&A with one of Wall Street's top stock market strategists (MS, SPY, SPX)

  13-10-2016 17:22 via feedproxy.google.com
  
  Adam Parker is Morgan Stanley's chief US equity strategist.
  We recently emailed him five questions for his thoughts on the market, the elections, and where stocks may be headed next.
  Here we go:
  Akin Oyedele: Only a few strategists at major firms have raised their S&P 500 year-end targets even after the market's rally this year. The Bloomberg median is 2,175 on 9/26. Why do you think most are still cautious?
  Adam Parker: I think there are a number of reasons to be cautious.
  Investors appear
  
  Read more

• Freeport McMoRan is getting slammed after China's disappointing data

  13-10-2016 17:09 via feedproxy.google.com
  
  Metal and mining stocks are getting hammered Thursday after China reported disappointing trade data.
  Among the worst performers, copper-producer Freeport McMoRan is off more than 7% while US Steel is down 5.6%.
  Earlier Thursday, China’s Customs Bureau said September exports tumbled by 10% in US dollar terms compared to a year ago. Economists had expected a much smaller 3% drop. Additionally, the bureau said that imports shrank by 1.9% YoY versus expectati
  
  Read more

• Russell Parsons: Remember, marketers are always at the mercy of their customers

  13-10-2016 17:08
  
  For two days every autumn, my colleagues and I decamp to Tobacco Dock in London for The Festival of Marketing, a two-day celebration of all things marketing.
  Apart from the chance to meet so many of you, it is a fantastic opportunity to hear the brightest and the best in marketing share their experience and considerable wisdom. This year we had Unilever’s Keith Weed on how analogue marketers can succeed in a digital age and L’Oreal’s Hugh Pile explaining how to buy the in
  
  Read more

• This week we learned everything Donald Trump thinks about China and trade is wrong

  13-10-2016 16:54 via feedproxy.google.com
  
  Donald Trump has said it a million times. China is a currency manipulator, winning a trade war with the United States by artificially lowering its currency, the yuan, to flood our country with exports.
  It sounds like something a nationalist, protectionist, and isolationist would say. And that's fine if you're into that kind of thing.
  But it's completely and totally wrong, and the data we've seen come out of China confirms that.
  The Chinese economy of 2016 is far more complex than the picture Tru
  
  Read more

• The Wells Fargo scandal is far from over

  13-10-2016 16:24 via feedproxy.google.com
  
  Wells Fargo CEO John Stumpf on Wednesday retired in the face of a massive scandal that has dragged the bank down for over a month.
  Stumpf stepped down after the news that employees of the bank opened 2 million accounts in the name of customers without their knowledge from at least 2011 to 2015. That led to a $185 settlement with regulators, two congressional hearings, and a large stock-price hit.
  The bank's executives said in a conference call that the scandal had not seriously hurt the business
  
  Read more

• Why we won’t be seeing Uber delivering Tesco orders any time soon

  13-10-2016 16:00
  
  Tesco isn’t in a rush to go down the Uber route with its online delivery set-up, according to managing director for online Adrian Letts.
  Speaking at the IGD Online and Digital Summit today (13 October), Letts praised the “innovation” of companies such as Uber. And with Tesco’s rival M&S now allowing alcohol deliveries through Deliveroo, Letts admitted there have been calls for it to follow suit.
  “I hear people say we should we do a one hour delivery offer with s
  
  Read more

• Why CMOs have ‘very little time’ to do marketing

  13-10-2016 15:41
  
  Former Homebase CMO, Jo Kendrick tells the audience at IAB Engage there is little time to do actual marketingAs marketers rise through the ranks to become chief marketing officers they stop doing marketing, according to the former CMO at Homebase Jo Kendrick.
  Speaking at IAB’s Engage conference in London today (13 October) Kendrick told delegates that throughout their careers marketers spend time learning how to be better at marketing, try to understand channels and the development of digi
  
  Read more

• Do Marmite customers love or hate Brexit?

  13-10-2016 13:35
  
  The vote to leave the European Union has had an unexpected impact on supplies of some of consumers’ favourite brands. Favourite such as Marmite, PG Tips and Hellman’s are now missing from some Tesco shelves after Unilever blamed Brexit and the falling value of the pound for a need to increase the price it charges retailers by 10%.
  Read more: Unilever defends ‘Brexit price rises’ as Marmite disappears from Tesco shelves
  But who does this impact? YouGov
  
  Read more

• Did Marmite customers vote for Brexit?

  13-10-2016 13:35
  
  The vote to leave the European Union has had an unexpected impact of Marmite supplies. The brand favourite is now missing from some Tesco shelves after Unilever blamed Brexit and the falling value of the pound for a need to increase the price it charges suppliers by 10%.
  But who does this impact. YouGov has run some early analysis and found that the majority of Marmite customers voted to Remain in the EU – at 55% versus the 45% who chose to leave. The figures suggests Remain voters are mos
  
  Read more

• Unilever defends ‘Brexit price rises’ as Marmite disappears from Tesco shelves

  13-10-2016 11:20
  
  Unilever has defended its decision to increase the price of a number of its household brands including Lynx, Marmite and Ben & Jerry’s, claiming it “cares deeply about customer affordability”.
  The FMCG giant’s decision led to a barrage of media coverage after Tesco started removing listings of Unilever brands on its website. The grocer was repeatedly asked by Unilever to raise the prices of its products by up to 10% in a bid to offset the higher cost of importing from
  
  Read more

• How to answer...'Tell me why you want this job'

  13-10-2016 11:13
  Whether you're new to all this or an experienced career professional, this represents one of the more important interview questions you can expect to face as a job seeker. Unlike some interview tests, there are no traps or hidden agendas to be worried about; it's about answering truthfully but in a way that reflects well on you and on the role itself. />
  Here are some DOs and DON'Ts to be aware of in forming your answer:
  DO
  Understand what they're looking for
  Whatever the specifics of your a
  
  Read more

• Yum China plans major expansion

  13-10-2016 02:00
  
  SHANGHAI: Yum! Brands, the parent company of restaurant chains KFC, Pizza Hut, Taco Bell and others, has announced plans for its China division to triple the number of restaurants it operates in the country.Yum China, which is being spun off from...
  
  Read more

• Social performance is on the rise

  13-10-2016 02:00
  
  LONDON/CHICAGO: Performance marketing is moving into social media as new ad formats and the increasing ability to tie social investment to bottom-line results encourage advertisers to use this channel to drive revenue.According to Michael Kahn,...
  
  Read more

• P&G refines targeting tactics

  13-10-2016 02:00
  
  NEW YORK: Major marketers may need to adopt a more nuanced definition of targeting in order to achieve their goals on digital platforms like Facebook, according to Marc Pritchard, Global Brand Officer at Procter & Gamble.Speaking at...
  
  Read more

• Mobile becomes 'indispensable'

  13-10-2016 02:00
  
  NEW YORK: Mobile devices are described as having become indispensable for shoppers when aiding and influencing their purchase behaviour and decisions, according to a new global survey.Indeed, globally, more than half (53%) of consumers say they...
  
  Read more

• Media rights underpin sports growth

  13-10-2016 02:00
  
  NEW YORK: The North American sports market is expected to grow from $63.9bn in 2015 to $75.7bn by 2020, largely because of rising media rights and sponsorship, according to a new forecast.The
  
  Read more

• European mobile payments triple

  13-10-2016 02:00
  
  LONDON: Consumer adoption of digital payments has shifted dramatically in Europe over the past year, according to a new survey that found the proportion who regularly use a mobile device to make everyday payments has tripled.Visa, the financial...
  
  Read more

• APAC leads cross-border e-commerce

  13-10-2016 02:00
  
  SINGAPORE/STAMFORD, CT: Consumers around the world are increasingly confident about online shopping across borders, with the trend particularly pronounced in Asia, a new global survey has revealed.According to the
  
  Read more

Follow @sales_mrktinguk on Twitter!