Sales & Marketing news

• US service industries see job losses for the first time in 10 years as Trump's trade war rages

  23-09-2019 18:15 via feedproxy.google.com
  A gauge of service sector jobs contracted for the first time since 2009 in September.
  It was latest sign that trade tensions have started to spill over into broader parts of the economy. 
  The IHS Markit said its survey on service-sector employment index was indicative of non-farm payroll growth falling below 100,000.
  Visit the Markets Insider homepage for more stories.
  A gauge of service sector jobs contracted for the first time in nearly a decade in September, the latest sign that trade te
  
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• An alliance of major investors overseeing $2.4 trillion has committed to making portfolios entirely carbon-neutral by 2050

  23-09-2019 17:59 via feedproxy.google.com
  A group of pension funds and insurers responsible for $2.4 trillion in investments committed on Monday to making their portfolios carbon-neutral by 2050. 
  The group, called the United Nations-convened Net-Zero Asset Owner Alliance, was organized by the UN and coincides with its Climate Action Summit. 
  A number of companies have made environmental pledges recently, including Amazon and Nike. 
  Read more on Markets Insider. 
  The push for climate-focused investing has reached a n
  
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• Goldman Sachs bankers left hundreds of suits behind in the bank's old London headquarters, with some costing over $1,000

  23-09-2019 17:55 via feedproxy.google.com
  Goldman Sachs' bankers literally have been ditching suits for casual wear as hundreds of tailored suits have been left at the banks old London headquarters, Financial News reported. 
  Goldman said that suits had piled up over the years, with some costing more than a grand. 
  Since David Solomon took over the American bank, codes have been relaxed including the dress code, favoring "a more casual environment."
  View Markets Insider's homepage for more stories. 
  Goldman Sachs' bankers
  
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• The SEC just announced a settlement in a compensation-fraud case against former Nissan-Renault chairman Carlos Ghosn

  23-09-2019 17:30 via feedproxy.google.com
  The SEC announced a settlement in an investigation into a $140 million compensation-fraud scheme involving former Nissan chairman Carlos Ghosn, Nissan director Greg Kelly, and the company itself.
  All parties under investigation paid fines and agreed to SEC conditions without admitting or denying the allegations.
  Ghosn was ousted as chairman of the Renault-Nissan-Mitsubishi alliance last year amid allegations of financial malfeasance; he continues to await trial in Japan.
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• The 'Warren Buffett of China' could lose $1.5 billion in Thomas Cook's bankruptcy

  23-09-2019 17:27 via feedproxy.google.com
  Thomas Cook, the storied British travel company and airline, declared bankruptcy early Monday morning.
  The company's largest shareholder, with an 18% stake, is China-based Fosun International and its chairman Guo Guangchang.
  The 52-year-old has sought to emulate Warren Buffett with his investment style, but he could take a massive hit from Thomas Cook's bankruptcy. 
  Visit Business Insider's homepage for more stories.When Thomas Cook, the storied British travel agency that filed for bankrupt
  
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• Hedge fund billionaire Leon Cooperman details his top 3 stock picks for a bull market he says is far from over

  23-09-2019 17:09 via feedproxy.google.com
  Leon Cooperman of Omega Advisors says the stock market still has more room to climb because it's more or less at fair value today — and bull markets never stop at fair valuations.
  Even after more than 10 years of gains, he said there are plenty of attractive US stocks. He told the audience at CNBC's Delivering Alpha conference about 3 top picks. 
  All three choices are in relatively unpopular sectors: health care, energy, and print media. While each face well-known challenges, Cooperma
  
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• Casino magnate and GOP mega-donor Sheldon Adelson reportedly warned Trump about the US-China trade war last month

  23-09-2019 16:45 via feedproxy.google.com
  Billionaire casino magnate and major Republican donor Sheldon Adelson reportedly warned President Donald Trump about how tariffs might affect the economy and his reelection prospects. 
  The Wall Street Journal reported Sunday that the call followed a series of rapid escalations between the largest economies on August 23.
  Adelson and his wife, Miriam, shelled out $123 million to Republican candidates and causes in the 2018 midterms alone.
  Visit the Markets Insider homepage for more stories.
  A
  
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• Meet Ron Fisher, the SoftBank executive who awarded WeWork a $47 billion valuation months before it delayed its $10 billion IPO

  23-09-2019 16:36 via feedproxy.google.com
  Ron Fisher is the Vice Chairman and Head of Investment at SoftBank Group where he oversees the organization's $100 billion Vision Fund.
  Fisher led SoftBank's multiple investments in WeWork, and is part of the startup's all-male board of directors.
  SoftBank, and Fisher by extension, is widely credited with overinflating WeWork's valuation in later stage private funding rounds. At its peak, WeWork was privately valued at $47 billion.
  On Tuesday, the startup announced it was delaying its public off
  
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• The biggest mistake investors make is being too influenced by the latest headlines, according to a new study from Charles Schwab

  23-09-2019 16:35 via feedproxy.google.com
  Advisers say being easily influenced by recent news or events is the top misstep clients make when investing, according to a new study by Charles Schwab Investment Management. 
  The study broke down top behavioral biases that advisers observe in clients. It's important to consider behavioral finance because of recent market volatility, said Omar Aguilar of CSIM.
  Different generations have different top biases, the study showed. 
  Having awareness of behavioral biases and a clear pla
  
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• Farmers are slamming Trump's $28 billion farm bailout — more than double Obama's 2009 payment to automakers — as a 'Band-Aid'

  23-09-2019 16:24 via feedproxy.google.com
  Farmers are slamming Donald Trump over his trade war with China, arguing that despite payouts, the tariffs are cutting off one of their key export markets.
  The president has provided $28 billion in bailouts for farmers who have been affected by the trade war over that past two years, but farmers are saying the funding isn't enough. 
  Agriculture has been hit hard by the trade war, as one of the main export markets for goods such as pork and soybeans has been virtually cut off for American fa
  
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• Your five-step guide to achieving greater influence and impact

  23-09-2019 16:18
  Influence, or more pointedly the lack of it, is consistently offered as the biggest concern among senior marketers I speak to.
  The CMO being reduced to the role of tactician with strategy conceived and delivered elsewhere is the most diplomatic complaint. Marketers being at the mercy of others in the organisation who believe they can do the job better than marketers, is one of the most brutal.
  The reasons behind the grumbling are many and varied. The pressure to sideline long-term activity in th
  
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• Is the Thomas Cook brand worth saving?

  23-09-2019 16:10
  Thomas Cook customers and staff woke up this morning to the devastating news that the travel company had ceased trading after talks to find the funding lifeline it needed failed.
  The administration puts 9,000 British jobs at risk and has triggered a huge repatriation effort to bring home the 150,000 UK consumers on holidays with the company overseas. It could also spell the end for a 178-year old brand that led the way in bringing holidays to the masses but in the end did not react fast enough t
  
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• The New York Stock Exchange appeared to troll WeWork on Twitter

  23-09-2019 16:08 via feedproxy.google.com
  New York Stock Exchange tweeted on Sunday about the questions CEOs should answer before going public, and it read like a subtweet of WeWork after it postponed its IPO.
  The iconic stock exchange listed four questions for executives to ask themselves before taking their companies public, touching on their reasons, long-term strategy, financials, and leadership.
  WeWork delayed its IPO after questions about its business model, valuation, and governance tempered investors' interest in its shares.
  Sof
  
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• Hedge funds could reap as much as $250 million from the collapse of British tour operator Thomas Cook

  23-09-2019 15:21 via feedproxy.google.com
  While the bankruptcy of British tour operator Thomas Cook has left hundreds of thousands of travelers stranded, a group of hedge funds are poised to make as much as $250 million from the company's collapse. 
  Funds including Sona Asset Management and XAIA Investment owned derivative investments called credit default swaps, which pay investors when a company can no longer service its debt, Bloomberg said in a report.
  The company entered into compulsory liquidation on Monday after efforts to r
  
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• Credit Suisse reportedly had a top banker followed by detectives before he joined rival firm UBS

  23-09-2019 14:53 via feedproxy.google.com
  Credit Suisse hired detectives to follow its former top banker Iqbal Khan ahead of his departure to rival firm UBS, Bloomberg reported.
  Khan noticed he was being tailed while driving with his wife last week, and photographed the car following him. The pursuit turned physical after the unidentified followers tried to take Khan's phone from him.
  Khan served as CEO of Credit Suisse's lucrative International Wealth Management business, and left the bank in July after disagreements with its current C
  
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• 'You could have a massive profit over the short term': Billionaire Bond King Jeff Gundlach shares a strategy for taking advantage of an interest rate increase

  23-09-2019 14:37 via feedproxy.google.com
  Jeffrey Gundlach, the CEO and chief investment officer of DoubleLine Capital, says there's a straightforward way investors can profit from an interest-rate increase.
  The billionaire investor — who is commonly referred to as the "Bond King" — is basing his short-term thesis off of a high correlation he's spotted between the German 10-year Bund and bank performance in the eurozone.
  Click here for more BI Prime stories.Jeffrey Gundlach, CEO and chief investment officer of DoubleLine Cap
  
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• A new Stanford study finds more gender-diverse hiring boosts companies' stock prices

  23-09-2019 14:10 via feedproxy.google.com
  Companies that announce better-than-expected levels of gender diversity see their stocks perform better, according to a new study published by the Stanford Graduate School of Business.
  The boosted share prices follow gender diversity announcements in the tech and finance sectors, two areas known for high levels of gender disparity in staffing.
  Those investing in gender-diverse companies believe equitable hiring brings increased morality, fewer personality conflicts, and more innovation, among ot
  
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• Grocery market share, sustainability, ad spend: 5 killer stats to start your week

  23-09-2019 14:02
  1. Chief marketing officers are struggling to truly engage with the c-suite
  Only 5% of CMOs consider themselves to be high achievers, the lowest of any C-suite role. In contrast, more than half (55%) of CEOs consider themselves high performers, followed by 35% of chief financial officers.
  However, the lack of confidence among CMOs is more perception that reality. Most C-suite members perceive the CMO to be performing at a much higher level than they see themselves, particularly in areas such as
  
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• CMO confidence, cash v card, ad spend: 5 killer stats to start your week

  23-09-2019 14:02
  1. Chief marketing officers are struggling to truly engage with the c-suite
  Only 5% of CMOs consider themselves to be high achievers, the lowest of any C-suite role. In contrast, more than half (55%) of CEOs consider themselves high performers, followed by 35% of chief financial officers.
  However, the lack of confidence among CMOs is more perception that reality. Most C-suite members perceive the CMO to be performing at a much higher level than they see themselves, particularly in areas such as
  
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• Oil is plunging after a report that Saudi Arabia is set to fully restore production by next week

  23-09-2019 13:36 via feedproxy.google.com
  Oil dropped more than 2.6% at about 12:30 p.m. on Monday in London after Reuters reported that production in Saudi Arabia would be back to normal by next week.
  Just a day earlier, The Wall Street Journal had reported that it would take months for production to be back to normal.
  The September 14 attack on two Saudi oil facilities wiped out half of Saudi's production capabilities.
  One trader called it "a mess of conflicting reports," adding that "no one knows what's accurate info."
  Watch oil trad
  
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• WeWork's board reportedly meets Monday to discuss pushing out Adam Neumann — and his alleged 'self-dealing' and marijuana use may come into play

  23-09-2019 13:12 via feedproxy.google.com
  WeWork's biggest backer, several other investors, and some board members are reportedly plotting to remove the cofounder Adam Neumann as CEO.A meeting on this issue, originally planned for later this week, is now planned for Monday, according to The Information.
  The uprising comes after the shared-workspace provider postponed its initial public offering amid concerns about its business model, valuation, and governance.
  Investors have proposed ousting Neumann by leveling legal threats over his "s
  
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• Germany is 'firmly in contraction territory' after manufacturing sentiment fell to a crisis-era low

  23-09-2019 11:40 via feedproxy.google.com
  New data on Monday showed that Germany's composite purchasing managers' index sank to its lowest level since October 2012. And sentiment among manufacturers fell to a 2009 low.
  The PMI is the yardstick used to measure business sentiment.
  The service sector also lost momentum — something that had been fairly resilient in the face of Germany's gloom — while manufacturing, the backbone of Germany's economy, fell sharply.
  The euro fell 0.4% against the dollar on the news.
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• Waitrose, Budweiser, Maltesers: Everything that matters this morning

  23-09-2019 08:45
  MPs to investigate Thomas Cook collapse
  The collapse of Thomas Cook is to be investigated by MPs, who will hold an inquiry into the role of “corporate greed” and the management of the directors, as well as how its accounts were prepared and signed off by auditors.
  Directors’ pay and bonuses will also be looked at by the business, energy and industrial strategy committee (BEIS).
  Meanwhile, the business secretary Andrea Leadsom is setting up a taskforce to help those affected by
  
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• Thomas Cook, M&S, Vitality: Everything that matters this morning

  23-09-2019 08:45
  Thomas Cook collapses
  Thomas Cook has gone into compulsory liquidation, cancelling all flights, holidays and bookings.
  The UK Civil Aviation Authority (CAA) says Thomas Cook has ceased trading with immediate effect, leaving 600,000 Thomas Cook customers stranded abroad after last-minute negotiations to save the holiday firm failed.
  22,000 jobs are at risk, including 9,000 in the UK.
  Peter Fankhauser, Thomas Cook’s chief executive, says the collapse is a “matter of profound regret&rd
  
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• The Guardian, Channel 4, OVO Energy: Everything that matters this morning

  23-09-2019 08:45
  The Guardian launches ad campaign calling for hope
  The Guardian has unveiled its largest ad campaign since 2012.
  The global campaign, created by Uncommon, is designed to restate the publisher’s purpose, deepen brand affinity among readers and encourage them to support its journalism.
  Anna Bateson, chief customer officer at Guardian News & Media, says: “The Guardian has an almost 200-year history of producing journalism which inspires hope. This new campaign aims to turn that fee
  
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• Sainsbury’s, Uber, H&M: Everything that matters this morning

  23-09-2019 08:45
  Sainsbury’s sales improve slightly as it outlines growth plan
  Total retail sales at Sainsbury’s were up 0.1% year on year during the second quarter, although like-for-like sales fell by 0.2%.
  Grocery sales increased by 0.6% and general merchandise sales declined by 2%, while clothing sales rose by 3.3%.
  Sainsbury’s plans to reduce costs by about £500m over the next five years, in addition to ongoing cost savings to cover the impact of cost inflation. It has also increase
  
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• Amazon, Brexit, Monzo: Everything that matters this morning

  23-09-2019 08:45
  Amazon branches out with smart glasses and celebrity voice assistants
  Amazon has announced a raft of updates to its Echo smart speaker including the roll out of new wearable tech and updates to its Alexa virtual assistant.
  Soon Alexa will be able to mimic the voice of Hollywood actor Samuel L Jackson and other celebrities for a fee of $0.99 (80p) per voice. In Jackson’s case, consumers will be able to choose between the “clean” or “explicit” mode, which features th
  
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• Built from waste: Meet the brands turning rubbish into business ideas

  23-09-2019 08:00
  Chase Distillery uses the surplus potatoes from its sister business Tyrrells crisps to make gin and vodka.The figures around food and plastic waste make for difficult reading. About 1.3 billion tonnes of food is discarded each year, which is a third of all food produced, according to the Food and Agriculture Organisation of the United Nations.
  Meanwhile, 8 million tonnes of plastic waste is dumped in our oceans and, in the UK alone, 2.2 million tonnes of plastic is thrown away, according to gove
  
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• US adspend jumps nearly 8% in the first half

  23-09-2019 02:00 via warc.com
  Advertising spend in the US grew +7.6% year-on-year to $107bn in the first half of 2019 and, excluding cyclical events like election spending, is on course to grow +6.3% for the full year, according to the latest adspend...
  
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• Nestlé Waters uses video recognition to track sponsorship ROI

  23-09-2019 02:00 via warc.com
  Nestlé Waters, the bottled water unit of food and beverage giant Nestlé, has found that using video recognition tools on social media can help quantify a valuable element of the return on investment (ROI) from its sponsorship expenditure.
  
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• Indian consumers save up for festive spending

  23-09-2019 02:00 via warc.com
  Indian consumers are gearing up for the festive season, especially Diwali at the end of October, but a recent nationwide survey provides a mixed picture for retailers and FMCG brands in the months ahead.
  
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• Forget ads, use experiences, says Mastercard CMO

  23-09-2019 02:00 via warc.com
  Mastercard, the financial payments firm, concentrates on leveraging experiential marketing to engage consumers around their passion points, having concluded six years ago that traditional advertising just wasn’t as...
  
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• eBay successfully rebalances its media spending

  23-09-2019 02:00 via warc.com
  Brands need to find a balance between performance marketing and brand building; after years of focusing on performance media, eBay has renewed the emphasis on brand with welcome results.
  
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• Coca-Cola uses new campaign to encourage more people to recycle

  23-09-2019 01:01
  Coca-Cola is launching a marketing campaign that aims to remind people its bottles are recyclable and encourage them to recycle.
  The campaign, titled ‘Round in Circles’ and created by agency Recipe, will appear in print and outdoor, with a focus on transport hubs. Launched to coincide with Recycle Now’s Recycle Week, it will also see the Coca-Cola London Eye turned green.
  The creative features a range of Coca-Cola brands and weaves information into circular artwork. This is mea
  
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