The power of brandsthe power of brands

A DECADE AGO, while L’Oréal stood as the ...

UK equities are having their time in the sun. The FTSE 100 recently hit an all-time high of 9,000, driven by a broad recovery in equity prices. To put it another way, the rally wasn’t just driven by a

CITY

CITY

Things haven’t been great for the UK stockmarket over the last two decades. Indeed, the City has been a “serial underachiever”, especially when compared with the US, says Andrew Jones, a portfolio man

Out of puff: Second-quarter revenue at Connecticut-based Marlboro-maker Philip Morris International (PMI) rose 7.1% from a year earlier, to $10.1bn – slightly short of analysts’ expectations of $10.3b