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CommentWire
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Litigation funder IMF Australia has announced a class action lawsuit aimed at recouping exception fees charged by 12 Australian banks over the last six years. Although the move will please consumer advocates, it has already prompted a drop in banks' share prices, and should the claim be successful, it could lead to over-regulation in the otherwise well-functioning Australian banking system.
Published By Datamonitor
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13 May 2010 |
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CommentWire
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International oil companies (IOCs) are facing increasingly difficult challenges in the pursuit of sustainable development. Threatened by mounting pressure from shareholders and environmental groups, and restrained by limited access to high potential areas in Latin America, the Middle East, and Africa, IOCs must address these concerns while still offering value to their investors.
Published By Datamonitor
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27 Apr 2010 |
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CommentWire
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Nestle is looking to establish its Jenny Craig brand in the UK market. Although the weight loss program addresses some still-important health concerns of UK consumers, it runs the risk of being seen as too expensive in the currently poor financial landscape. However, the brand still caters for important consumer trends and, with the backing of Nestle, it could see some success.
Published By Datamonitor
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16 Apr 2010 |
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CommentWire
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The Policy Exchange, a center right think-tank, has published a report that raises concerns about the state of the UK economy, primarily surrounding the repercussions of the budget deficit. Elsewhere, a televised financial debate between the UK's major political parties has led industry commentators to question the country's monetary policy in the near future.
Published By Datamonitor
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01 Apr 2010 |
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CommentWire
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Despite posting a combined loss of nearly GBP10 billion for 2009, Lloyds Banking Group (LBG) and Royal Bank of Scotland (RBS) have announced plans to pay out sizeable bonuses. Growing unease surrounding the poor performance of state-supported banks, combined with public anger over bonus payments, could encourage consumers to move to a new generation of banks, untainted by the current crisis.
Published By Datamonitor
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26 Feb 2010 |
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CommentWire
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UBS has revealed its first quarter of profit since Oswald Grubel took over as CEO 12 months ago. The Swiss banking group recorded a net profit of $1,130m, primarily driven by lower costs, lower own-credit charges and a one-off tax credit. However, this positive news disguises some serious concerns for the group.
Published By Datamonitor
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17 Feb 2010 |
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CommentWire
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UPS' overall Q4 results show that the company repositioned itself well in 2009 and is now reaping the rewards of its recent investments in its international division, with strong growth being achieved due to high cross-border volumes. The firm must take careful action to ensure that this positive trend continues into 2010.
Published By Datamonitor
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05 Feb 2010 |
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CommentWire
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As well as reporting positive results in the final quarter, Hershey has seen both its sales and income increase year-on-year over 2009, and can fairly claim to have performed well of late. However, the recent purchase of Cadbury by Kraft will create stiff competition for Hershey in 2010, and the firm needs to carry its current momentum forward in order to facilitate further growth.
Published By Datamonitor
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04 Feb 2010 |
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Expert View
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The air freight industry experienced its worst year since records began in 2009, with a 10.1% decline overall. There were encouraging signs of recovery in November and December 2009, especially in China, but the challenges for long-term profitability, such as loss of business to other forms of transport, are significant.
Published By Datamonitor
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01 Feb 2010 |
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CommentWire
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A long tradition has been broken: Pepsi will focus its Super Bowl marketing activities on online channels in a bid to provide a more interactive brand experience, with its website and a prominent presence on Facebook forming the core of its advertising around the game. Online activity is gathering pace, but it is unclear whether this will become the prime focus for companies in the future.
Published By Datamonitor
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01 Feb 2010 |
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