Sales & Marketing news

• Papa John's is distancing itself from its controversial founder, but he still has a stake worth more than $500 million in the company (PZZA)

  18-07-2018 23:36 via feedproxy.google.com
  Papa John's disgraced founder, John Schnatter, still owns a roughly $510 million stake in the pizza chain.
  Schnatter resigned as chairman last week after news broke that he had used the N-word in a conference call.
  Schnatter is known for his life of luxury, residing in a $11.2 million mansion and reportedly often making his five-mile commute to work via helicopter. 
   
  While Papa John's is trying to distance the company from its controversial founder, John Schnatter still has a lot
  
  Read more

• IBM pops up 3% after beating Wall Street expectations on earnings, marking the third straight quarter of growth after years of decline (IBM)

  18-07-2018 22:07 via feedproxy.google.com
  Investors were slow to react Wednesday after IBM reported a beat on earnings, marking its third quarter of growth after years of decline. 
  The stock was up by 3% at 4:30 PM PT Wednesday, but it took a few hours to get there after IBM's second quarter earnings, which beat Wall Street's expectations on both revenues and earnings per share. 
  Here's what the company reported:Revenues (GAAP) for the quarter were $20 billion, up 4% from the year before. Analysts expected $19.88 billion.&nbs
  
  Read more

• Stocks hit a 5-month high as earnings season rolls on

  18-07-2018 22:04 via feedproxy.google.com
  Stocks rose Wednesday, with the S&P 500 hitting a five-month peak, as strong earnings reports propelled financials and industrials higher. The dollar and Treasury yields climbed. 
  Here's the scoreboard:
  Dow Jones industrial average: 25,197.32 +77.43 (+0.31%)
  S&P 500: 2,816.03 +6.48 (+0.23%)
  The US housing market tumbled in June. Housing starts fell to a nine-month low last month, the Commerce Department said, down more than 12% from May. Construction p
  
  Read more

• Papa John's is surging after a report it held deal talks with Wendy's (PZZA, WEN)

  18-07-2018 21:31 via feedproxy.google.com
  Papa John's is surging Wednesday after news that its founder held talks with Wendy's for a potential merger. 
  John Schnatter recently stepped down as chairman of the pizza chain after using a racial slur in a media training conference. 
  The talks cooled down after news of the slur broke.
  Watch Papa John's trade in real time here. 
  Shares of Papa John's are surging 6.89% to $55.09 apiece Wednesday. This comes after news that the founder had held talks with Wendy's for a possible me
  
  Read more

• Advertisement

• Papa John's disgraced founder was reportedly discussing a merger with Wendy's prior to his resignation after he said the N-word on a conference call (PZZA)

  18-07-2018 21:30 via feedproxy.google.com
  Papa John's founder John Schnatter discussed merging the pizza chain with Wendy's, the Wall Street Journal reports. 
  The talks reportedly began before Schnatter resigned as chairman of the board. Schnatter resigned after news broke that he had used the N-word in a conference call. 
  While Papa John's has removed Schnatter's face from the company's logo and marketing materials, he remains on the board and continues to own roughly 30% of the company.  
   
  Papa John's fo
  
  Read more

• FED: Manufacturers in every corner of America are worried about Trump's tariffs

  18-07-2018 20:36 via feedproxy.google.com
  Manufacturers in all the Federal Reserve's 12 districts are concerned about tariffs.
  The Fed's Beige Book, with anecdotes from businesses across the country, showed companies that rely on steel and aluminum for production are grappling with higher costs. 
  On Tuesday, Fed Chairman Jerome Powell said in Senate testimony that a long trade war would be bad for the US economy and others. 
  The manufacturers most affected by US tariffs on imported goods are worried about their future, accordi
  
  Read more

• Trump threatens Europe with 'tremendous retribution' as the possibility of massive auto tariffs looms

  18-07-2018 20:16 via feedproxy.google.com
  President Donald Trump threatened "tremendous retribution" against the European Union, including tariffs on cars, unless European Commission President Jean-Claude Juncker offers major trade concessions next week.
  The threat comes as the auto industry ramps up its campaign to try to dissuade Trump from imposing auto tariffs.
  Republican lawmakers are also attempting to avert any auto tariffs. 
  President Donald Trump on Wednesday threatened to ramp up the trade conflict with the European Union
  
  Read more

• The Trump administration is launching an investigation that could result in tariffs on uranium imports

  18-07-2018 19:50 via feedproxy.google.com
  The Trump administration is starting an investigation into uranium imports to the US.
  The investigation will be conducted using the same method that allowed Trump to impose tariffs on steel and aluminum imports.
  Uranium from US producers made up only 11% of the deliveries to US nuclear power reactors in 2016, less than the amount that came from each Canada, Kazakhstan, Australia, and Russia.
  The Trump administration is kicking off an investigation that could result in tariffs on i
  
  Read more

• Advertisement

• Brands urged to spend more on people than tech

  18-07-2018 18:21
  Brands that invest considerably more in technology than in people who have the insight necessary to exploit the opportunity will fail, according to IBM chief strategy officer Jeremy Waite.
  Speaking at an event hosted by Marketing Week’s sister brand Oystercatchers, Waite said technology such as its own AI platform offers many opportunities to marketers and society but that the potential will only be realised if people are prioritised. “The companies that win are the ones that spend 1
  
  Read more

• Next-generation leaders and change makers will be at IGNITION 2018 — check out last year's lineup

  18-07-2018 18:15 via feedproxy.google.com
  Business Insider's flagship IGNITION conference brings together an engaged community of next-generation leaders and change makers from around the world.
  Come away with actionable insights for your own critical decision-making — plus a ton of new contacts and ideas thanks to IGNITION’s next-level networking.
  Last year big-name speakers such as Nick Bell, Scott Galloway, Jeff Zucker, Megyn Kelly, and Toni Reid kept the audience on the edge of their seats.
  What will people be talking ab
  
  Read more

• Marketing through the ages: The 1990s and the calm before the digital storm

  18-07-2018 18:11
  The abrupt departure of WPP CEO Sir Martin Sorrell earlier this year had, in truth, little to do with a grubby scandal. The reality was a tanking share price – down 35% on the previous year – and, behind it, the perception of shareholders and board directors alike that the sands had run out. The business model that had once made WPP great was irredeemably broken.
  That model was in its prime during the 1990s, when Sorrell blazed a marketing services acquisition trail that brought him
  
  Read more

• Oil spikes after US production hits record 11 million barrels per day

  18-07-2018 17:39 via feedproxy.google.com
  Oil rose as much as 1% on Wednesday.
  US production rose to a record high and stockpiles jumped unexpectedly.
  Watch oil trade in real time here.
  Oil prices rose Wednesday after data showed record US crude production and an unexpected build of supplies last week.
  West Texas Intermediate was up 0.3% to $67.46 a barrel at 11:30 a.m. ET. Brent, the international benchmark, was up 0.9% to $72.24 a barrel. 
  US crude production hit 11 million barrels per day for the first time on record, the Energy
  
  Read more

• Trump's top economic adviser pins blame for the US-China trade war on Xi Jinping

  18-07-2018 17:27 via feedproxy.google.com
  Larry Kudlow, President Donald Trump's top economic adviser, said Chinese President Xi Jinping is the biggest roadblock to a US-China trade deal.
  "I think Xi is holding the game up," Kudlow said at the Delivering Alpha conference.
  Kudlow said talks between the US and China about eliminating the recent tariffs were stalled.
  Larry Kudlow, President Donald Trump's top economic adviser, placed blame Wednesday for recent trade tensions between the US and China directly at the feet of Chinese Pre
  
  Read more

• Berkshire Hathaway is jumping after Warren Buffett signals buybacks are coming (BRK.A)

  18-07-2018 17:24 via feedproxy.google.com
  Berkshire Hathaway is jumping Wednesday after the company loosened its share buyback policy. 
  The conglomerate is under pressure to put excess cash to work. 
  The loosened policy gives full discretion to Chairman Warren Buffett and Vice Chairman Charlie Munger to authorize buybacks if they deem the purchase price below the real value of the company. 
  Berkshire will likely pursue buybacks after it reports second-quarter earnings, according to Morgan Stanley analyst Kai Pan. 
  Wa
  
  Read more

• Big banks like Goldman Sachs spectacularly failed to predict the World Cup winner — here's why

  18-07-2018 17:17 via feedproxy.google.com
  Five major banks predicted the outcome of the World Cup in Russia, and all but one got it wrong.
  Goldman Sachs forecast that Brazil would lift the trophy, while UBS backed Germany.
  Banks were afflicted by the sheer unpredictability of this year's tournament, which saw Croatia make it all the way to the final.
  The 2018 World Cup, which ended Sunday, was an almost unequivocal success. The soccer was scintillating, there was little trouble away from the pitch, and the controversial VAR replay syste
  
  Read more

• United jumps after crushing earnings (UAL)

  18-07-2018 16:56 via feedproxy.google.com
  United Continental jumped 6% Wednesday following its earnings beat Tuesday evening.
  The airline topped estimates for earnings and revenue, while increasing its revenue per seat mile.
  Follow United's stock price in real-time here. 
  United Continental rose more than 6% in trading Wednesday after the airline topped Wall Street earnings expectations on Tuesday afternoon.
  For the second quarter of 2018, United said it earned an adjusted $3.23 per share, easily beating the $3.06 that analysts sur
  
  Read more

• Patagonia on why brands ‘can’t reverse into purpose’ through marketing

  18-07-2018 16:09
  For its latest campaign Patagonia is raising awareness of the threat being posed to wild rivers in the Balkans.Patagonia has staked its entire reputation on being a brand that lives its purpose – from its products and company culture all the way to its support of more than 1,000 grassroots environmental organisations around the world.
  Since 1985, the outdoor wear brand has donated 1% of sales to the preservation and restoration of natural environments, awarding more than of $89m to causes.
  
  Read more

• Google's CEO says the EU's record $5 billion antitrust ruling could 'upset the balance' of Android and be a huge win for Apple (GOOGL)

  18-07-2018 16:03 via feedproxy.google.com
  Google is appealing the EU's record $5 billion fine over abusing the dominance of Android.
  CEO Sundar Pichai suggested that the ruling could destroy the Android ecosystem.
  He added that weakening Android will play into the hands of Apple.Sundar Pichai has suggested that the EU's record $5 billion fine against Google will be bad for Android users.
  In a blog post, published soon after the EU punished Google for abusing the dominance of Android, Pichai laid out the reasons why the company will be a
  
  Read more

• Twitter's big improvements are 'already priced in' (TWTR)

  18-07-2018 16:02 via feedproxy.google.com
  Twitter shares may be topping out, according to Macquarie analyst Ben Schachter. 
  The stock has soared this year, and all of Twitter's strategy and product improvements are priced in, he says. 
  Plus, there isn't a new catalyst that will drive further gains for the moment. 
  Watch Twitter trade in real time here. 
  Twitter has quietly been one of the best performing US stocks this year. It's up more than 80% this year, but has flown under the radar because of the big gains from
  
  Read more

• Marketers’ hiring plans fall to lowest level yet as economic concerns bite

  18-07-2018 16:00
  The jobs market for the marketing industry took another hit in the second quarter of 2018, with mounting concerns about rising prices and increasing competitiveness resulting in the weakest degree of optimism towards job creation in the series’ history.
  According to the latest IPA Bellwether Report, the proportion of businesses reporting plans to recruit extra staff stood at 26% compared to just under 15% anticipating job cuts.
  While this indicates that marketers were largely optimistic t
  
  Read more

• China's currency hits its lowest level in more than a year

  18-07-2018 15:48 via feedproxy.google.com
  The Chinese yuan fell to its lowest level versus the greenback in more than a year Wednesday.
  The depreciation comes amid a dollar rally and trade tensions between the US and China.
  Follow the Chinese yuan in real time here.
  China's currency fell Wednesday to its lowest level against the dollar in more than a year amid a dollar rally and an escalating trade fight with the US. 
  The yuan shed as much as 0.3% to 6.7244 versus the greenback, which has been holding close to one-year highs o
  
  Read more

• Why targeting millennials is actually effective

  18-07-2018 12:00 via warc.com
  Chris Yu, Head of Integrated Marketing Strategy, Innovation, & Technology, US Bank, chaired this year’s Effective Innovation category at the WARC Awards. Here, he...
  
  Read more

• TRAI steps into data privacy debate

  18-07-2018 01:03 via warc.com
  NEW DELHI: The Telecom Regulatory Authority of India (TRAI) has warned that the country’s existing system for protecting consumers’ personal information is insufficient and advised companies collecting digital data that this is not owned...
  
  Read more

• Planning for the 21st century

  18-07-2018 01:03 via warc.com
  GLOBAL: The role of planners and strategists is arguably more vital than ever before but too often current agency structures mean their contribution is undervalued or undersold, according to Guy Murphy.Writing in the current issue of Admap,...
  
  Read more

• Motivations change as Chinese consumers seek balance

  18-07-2018 01:03 via warc.com
  SHANGHAI: The motivations of China’s affluent consumers – mostly aged in their 30s and 40s – are changing as more people seek to live a more balanced life, according to an expert in Chinese consumer psychology.According to Tom...
  
  Read more

• How TD Ameritrade enhanced marketing analytics

  18-07-2018 01:03 via warc.com
  HOLLYWOOD, FL: TD Ameritrade, the investment and brokerage company, successfully enhanced its marketing analytics capabilities to reflect its changing business priorities.Denise Karkos, CMO of TD Ameritrade, discussed this subject at the...
  
  Read more

• Growth in marketing budgets is 'defensive'

  18-07-2018 01:03 via warc.com
  LONDON: UK marketers revised their internet budgets up in the second quarter, helping tofuel overall growth in marketing budgets, according to the latest IPA Bellwether Report, but its author has cautioned that this increase is defensive in...
  
  Read more

• Brands + Politics ≠ Millennial love

  18-07-2018 01:03 via warc.com
  WASHINGTON DC: Millennials are often regarded as being more idealistic than previous generations but their brand choices are more likely to be motivated by value and service and, to a lesser extent, by general ethics, rather than any political...
  
  Read more

• ‘Relentless’ digital growth boosts UK marketing budgets but pace remains weak

  18-07-2018 01:01
  UK marketers revised their internet budgets up to the joint-strongest levels in 11 years during the second quarter of 2018, according to the IPA’s latest Bellwether report, marking nine years of consecutive upward revisions to this category and boosting overall growth to marketing budgets.
  Marketers displayed a noticeable drive towards digital-based advertising in Q2, with the net balance of firms (+22.7%) reporting upward revisions to their internet marketing budgets – a signi
  
  Read more

• ‘Relentless’ digital growth boosts UK marketing budgets

  18-07-2018 01:01
  UK marketers revised their internet budgets up to the joint-strongest levels in 11 years during the second quarter of 2018, according to the IPA’s latest Bellwether report, marking nine years of consecutive upward revisions to this category and boosting overall growth to marketing budgets.
  Marketers displayed a noticeable drive towards digital-based advertising in Q2, with the net balance of firms (+22.7%) reporting upward revisions to their internet marketing budgets – a signi
  
  Read more

Follow @sales_mrktinguk on Twitter!