Global

AXA’s revenue hits EUR100 billion in 2016
Global

AXA’s revenue hits EUR100 billion in 2016

AXA, the world’s sixth largest insurance company said its 2016 full year revenue rose to EUR100 billion. The result shows a 2% year on year growth. In 2015, the company reported EUR98 billion. Net income was up 2% to Euro 5.8 billion, as higher adjusted earnings, a net gain on […]

ExxonMobil has 20 billion barrels of crude oil in reserves
Global

ExxonMobil has 20 billion barrels of crude oil in reserves

ExxonMobil Corporation said its proved reserves were 20 billion oil-equivalent barrels at year-end 2016, inclusive of a net reduction of 3.3 billion oil-equivalent barrels from 2015. The company said in the disclosure that its reserves changes in 2016 reflect new developments as well as revisions and extensions to existing fields […]

Omnicom’s TBWA buys major stake in Lucky Generals
Global

Omnicom’s TBWA buys major stake in Lucky Generals

TBWA Worldwide, a subsidiary of Omnicom Group said it has acquired majority stake in Lucky Generals. In statement issued from London by Omnicom Group, the company said Lucky Generals’ founders, Helen Calcraft, Andy Nairn and Danny Brooke-Taylor, will remain in their existing roles at Lucky Generals and will retain a […]

Eric Vemer quits Group Five
JSE SENS

Eric Vemer quits Group Five

Eric Vemer, Group Five’s Chief Executive Officer who joined the company in 2005 and was appointed chief executive in December 2014, will leave in the next few weeks,following a huge loss recorded by the company. Group Five recorded its first six-month loss in 11 years due to a 255 million […]