Friday 26 October 2012

Abchat Weekly Wrap Up: PR Week Awards 2012

Abchurch was a finalist in the prestigious City & Corporate Communications category at the PR Week Awards that took place this week. We were nominated for the work our team did for Noble Investments UK plc promoting the auction of the Prospero collection of rare Ancient Greek coins. The PR Week Awards receives hundreds of entries every year, so being selected for the shortlist is a welcome recognition that our organisation is part of the industry elite. We ran a hugely successful campaign, demonstrated by the ‘white glove’ result of the auction; a world record amount being paid for an ancient coin; and a considerable increase in the share price for Noble.

The awards ceremony at the Grosvenor House Hotel was well attended by many PR professionals, and we were amongst strong competition. Graham Norton was the guest speaker and provided us with an amusing summary of the media industry over the last 18 months. The general consensus was that we were all pleased to be at the event after what was a reasonably challenging year given immense cuts to the public sector and companies cutting back in their marketing and communications budgets. Nonetheless the event showcased some of the great work our industry as a whole has done. Unfortunately Abchurch was pipped to the post by the excellent Brands2Life campaign - well done to the winning team at SHL!

1. Good news Britain: the double-dip recession seems to have sunk it’s little head for now as the Economy sees its strongest growth rate in five years. Only time will tell if the jubilee and Olympic celebration anomalies have lifted us on to the road of recovery or merely lulled us into a false sense of security.

2. TechCity: The UK government makes a significant push in the development of East London’s tech cluster, Silicon Roundabout, with the high profile hiring of Joanna Shields, former vice-president of Facebook as Chief Executive of Tech City Investment Organisation

3. Swiss Banking Cutbacks: Considerable restructuring expected and job losses loom as both UBS and Credit Suisse struggle to meet targets. Credit Suisse’s revenues fail to meet expectations as Q3 net profits fall 63% and UBS’s investment banking division fails to deliver solid returns.

4. Luxury goods market - not so luxurious for investors? First it was Burberry and now, this week, Mulberry has sent out a profit warning. China’s gloomy downturn in economic spending has been partly blamed for drops in both demand and sales. However, despite an uncertain market, analysts and investors in luxury stocks seem to remain unperturbed.

5. STOCKWATCH: Facebook’s shareprice made a rising jump back onto the radar after the Company reported better-than-expected revenues. A 14% increase in advertising for the quarter aided a share price rise of 19% and their largest gain as a public company since its listing back in May.

Abchurch became a member of Life Sciences and Healthcare Network One Nucleus this week.

Henry joined the insightful Oriel Securities UK Economics Breakfast Briefing.

The team were at the PR Week Awards, hopeful of winning the City & Corporate Communications award that we were shortlisted for.

Today, one of our graduates attended the LSE's London Investor Show, hearing insightful talks from Russ Mould, Editor of Shares Magazine, amonst other speakers.

Abchaps hosted a Resources focused Market Lunch, with topics including BP's $27bn sale of its TNK-BP Russian joint venture to Rosneft.

"Netizen" - a portmanteau of Internet and citizen

Play the Look for Longer game, brought to you by CBS Outdoor. Can you name the 75 Tube stations in the image?

Sutton House on Homerton High St, Hackney, is hosting two fancy dress events for Halloween this Sunday and next Thursday. There will be scary stories abound!

The awesome KIGU are hosting a Horrors of the Deep Halloween party at a secret waterside location this Saturday.

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