Charles Schwab CEO sees 'pullback in risk taking' in April
Investors have responded to recent market turmoil in April by dialing down the level of risk they are taking and making some shifts in their asset allocation in favor of bonds and non-U.S. stocks, said Charles Schwab CEO Rick Wurster in a Reuters NEXT Newsmaker interview on Thursday (May 1).
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Daily Mirror
6 hours ago
- Daily Mirror
'They told me I wouldn't survive in football but 14 years later I'm still here'
Husband and wife John and Carolyn Radford have nurtured one of English football's steadiest success stories - no Hollywood showbiz, no firing managers every five minutes, just putting unfashionable Mansfield Town on the map She is the first lady of Mansfield who has presided over two promotions, a Wembley play-off final and English football's fourth longest-serving manager. Now she is having a new stand, padel courts, bars and restaurants built at the One Call stadium. Soon it will be a ground fit for a Stag party every week. And as the Lionesses prepare for their defence of England's Euros crown in Switzerland, she remains a shining light for girl power in boardrooms where women are still hopelessly outnumbered by men in suits. When Carolyn Radford was appointed chief executive at Mansfield back in 2011 aged 29, social media's sneering court of public opinion dismissed her recruitment as a 'publicity stunt.' She laughs at the cheap shot now. 'Some publicity stunt,' giggled Radford on a Zoom call from Mansfield's windswept training ground. 'I wonder if they think running around after my three sons at home is a publicity stunt as well.' Apologies to double Olympic gold medallist and queen of the pool Rebecca Adlington, another proud daughter of the Nottinghamshire hinterlands, but Radford and her husband John, the owner and insurance tycoon who lifted his home-town club out of the non-League long grass, are making the biggest splash in Mansfield now. Like Oldham's Frank and Judith Rothwell, they are the husband-and-wife double act at the sharp end of an EFL operation. Sadly, Radford does not hear many more female voices in boardrooms than she first observed when Mansfield were on their uppers 15 years ago. These days, the barbs are not as direct as comedians Harry Enfield and Paul Whitehouse's reference point for sexists, the sketch with dinosaur pundits telling a female interviewer: 'Where's the bloke, love? Two sugars, please.' But apart from the likes of West Ham baroness Karen Brady, Bolton chairman Sharon Britton and Leicester CEO Susan Whelan, women at English football's top tables are still thin on the ground. 'Sometimes it's still a bit awkward, but we have come a long way in women's football, in terms of our visibility in the game,' she said. "It's been a male-dominated industry for 150 years and you have to learn to navigate your way through it. 'For a husband-and-wife team maybe it's a different dynamic. For us there's no separation. Business and family are always combined, I've got a voice here and if things go wrong it's always my fault! The Lionesses winning the Euros three years ago was massive and, without wanting to be the kiss of death, I wish them the very best of luck in Switzerland because of what they can do for women and girls in football as a whole. 'We need to celebrate the women who are out there driving the game forward, especially if they are juggling other parts of their lives, and we have each other's backs. I don't have a perfect recipe - there are days when one of the children is sick, for instance, and there aren't enough hours in the day to cope with it all. 'But I'm proud of the fact we have had the same manager for nearly five years. Nigel and his staff are so easy to work with, and continuity has its virtues. I'm glad we are not one of these clubs who sack the manager every few months because starting all over again means a new voice, a new culture, new methods… it must be like getting remarried.' Radford, now 43, has seen gates double at Field Mill on her watch and the fan zone, with its marquee, DJ, music and family atmosphere, has improved the matchday experience markedly. 'Mansfield is a close-knit community and I wanted to reflect that in our demographics on match days,' she said. 'You've got to be so careful when you are cultivating a football club because it matters to so many people. It's brilliant to put them on the map but a it's not a plaything. 'It takes over your whole life and consumes you, but you also have to enjoy it. But it's still a fantastic industry to work in. You keep smiling, you keep being resilient - there is no set formula, it's not like teaching GCSE maths.'
Reuters
a day ago
- Reuters
UK marketing firm Next 15 in talks to sell select brands, shares rise
June 27 (Reuters) - Embattled consultancy and marketing group Next 15 (NFGN.L), opens new tab said on Friday it is in early discussions regarding a potential sale of some of its brands, capping a tumultuous week in which it warned about its profit and disclosed issues at a unit. The British company, whose brands include elvis, Outcast and Shopper Media Group, did not name the businesses it was contemplating selling or the parties it may be in talks with. Next 15 sold its private equity consultancy, Palladium, earlier this month as part of its ongoing efforts to streamline operations. Its shares jumped as much as 14.7% to 238.5 pence, their biggest intra-day gain since October 2022, after the group confirmed a Sky News report that Next 15 was in talks about a sale of "legacy" assets, including financial PR agency MHP. The stock took a dive on Thursday after the company warned that its fiscal 2026 profit would likely fall materially below the market view. Next 15 also named a new CEO to succeed Tim Dyson following his retirement. The company on Wednesday disclosed a "potential serious misconduct" at its U.S.-based venture-building firm, Mach49, which it bought in 2020. Since cutting its profit forecast in September and including Thursday's losses, the group has shed roughly three quarters of its value. Next 15's market capitalisation stood at about 209 million pounds ($286.87 million) as of Thursday's close of 208 pence per share, far from its peak of 1,476 pence in 2022. ($1 = 0.7285 pounds)
Spectator
2 days ago
- Spectator
M&S, please stop playing with your food
Maybe it was when M&S began selling chicken katsu sando-flavoured crisps, or launched its Plant Kitchen range with its inedible alternative to chicken, or began slathering 'green goddess sauce' on already clammy ready salads. Or maybe it was the thousandth time I traipsed, freezing, through the tightly packed rat run of a station M&S Food – there are no fewer than three in King's Cross – in search of something that I never found. Namely: something nourishing and delicious, rather than a freezing piece of over-marketed randomness. At any rate, many of us in the more high-falutin' bits of the middle class fell out of love with what was once the high-water mark of grocery. M&S Food now feels less like an emporium or supermarket or even a nice sandwich shop, and more like a cramped maze round the most unwholesome end of postmodern consumerism. It is certainly a supermarket in a great hurry. M&S is relentless. It never rests. Waitrose quietly introduces staples from Ottolenghi's cookbooks and online health trends – thanks to the latter, avocado oil, pistachios and spicy Korean gochujang sauce are all frequently sold out. But there is nothing quiet about M&S's approach to keeping up with the influencers. Hence its weirdest offering yet. M&S is now selling a strawberries and cream sandwich inspired, completely incomprehensibly, next to the sweet sandos of Japan. Sweet sandos, for those who haven't been subjected to such things, are fruit sandwiches, formerly sold only in luxury fruit shops in Japan, but now sold across the whole country. Why? Why? Why would a British consumer accustomed to the cherished traditional summery treat of strawberries and – on its own, or in jam form on scones – want to grab a quick strawberry sando from M&S and guzzle it on the packed train home? It's beyond weird. After all, this is not – in fact – Japan. For one thing our trains are much worse. For another, we view processed bread as something of a downgrade for fine or fresh ingredients. We also see sandwiches as savoury, lunchtime or teatime food. It is true that in the whackier corners of food TikTok, fruit sandwiches make some viral appearances. I've seen strange things with watermelon (one vegan account I follow recently encouraged viewers to cook it in rectangular slabs as if it were salmon), and a fair few East Asian-inspired mango sandwiches. But such content is mostly viewed – by non-East Asians at any rate – with fascination or horror, as opposed to the more usual resolve to recreate the recipe at home. M&S runs the risk of becoming a novelty shop M&S runs the risk of becoming a novelty shop. Earlier this year it launched chocolates shaped as emojis, including the suggestive aubergine. Its Christmas ranges cause overwhelming bemusement; all British supermarkets go berserk at holidays, but M&S becomes downright deranged. This past Christmas saw chocolate and cinnamon tortilla rolls, white mulled wine and turkey feast dip. It's as if a room full of drunk and high teenagers were left in charge of a retail algorithm. M&S has leaned so far into trends that its website actually has a Top Ten Food Trends list for 2025, which predicts (in the way that anyone plugged into social media may predict) mushroom everything (a health trend, especially lion's mane), pistachio everything (courtesy of the vulgar Dubai chocolate obsession – a mix of pistachio cream, kataifi fried dough and chocolate) and hot honey cottage cheese. M&S boasts explicitly about how it has mastered TikTok – for instance, having created a viral cookies trend in 2024: customers 'couldn't get enough of' its 'hazelnut crème'. This may garner the chain some extra clicks online. But for the people – the boring old middle-aged, middle-class people who actually need food, like cheese, meat, bread, veg and fruit – it's becoming harder to shop at M&S. It's a shame, because the basics there are really rather good. Indeed, amid the exhausting experimentalism, there are still a few sane items left at M&S. If train station outlets are mostly snacks, various flimsy plastic containers of sandwiches and picnic-style items, the mid-sized ones – of which there is one near me – are aisles dominated by ready meals. The endless variations on coq au vin, chicken, steak and chips are probably all quite nice, and very sane, but a little depressing. Is this really the best the British middle class can do?
