Lettuce panic: Now supermarkets are rationing iceberg lettuce and broccoli February 3, 2017 Planning on stocking up on vegetables for your next weekly shop? Hopefully you don't need more than three iceberg lettuces – because Tesco has now rationed customers per visit, due to poor growing conditions in Europe causing a shortage in stores. Signs have been sent to all Tesco stores to notify customers, apologising for any inconvenience. [...]
UK airlines to run into Brexit turbulence stirred up by the weak pound, warns Moody’s February 3, 2017 The slump in sterling has more damage to do to UK airlines, according to the latest report from Moody's. It has predicted passenger growth in Britain's airline industry will only be half as fast as had been previously forecast over the next two years. The ratings agency said revised travel choices and operating dollar costs could [...]
Scientists have explained why noisy eating makes some people angry February 3, 2017 Does listening to someone eat a bag of crisps make you angry? Does the guy sitting next to you on the Tube with a whistling nose fill you with rage? Scientists have discovered that not only do you have a real condition – why it happens in the first place. Misophonia is the name given [...]
Little Chef roadside restaurant chain sold February 3, 2017 Little Chef's owner has announced the sale of the roadside restaurant business. Kout Food Group said today that it had sold its roadside portfolio to Euro Garages, a roadside retail company operating brands such as Starbucks, Subway and Greggs. Read more: Little Chef is being gobbled up City A.M. understands Euro Garages has bought all of [...]
Why the banking sector needs to get serious about putting the fun into finance February 3, 2017 It’s no laughing matter: my generation – millennials – has fallen out of love with banks. It’s a familiar narrative: banks don’t understand us, the relationship’s not going anywhere, we’d rather be on social media. In fact, we’d rather bank via social media which is why smart banks are cosying up to platforms like Facebook. [...]
Bank shares rally as Donald Trump’s top economic adviser Gary Cohn signals the death of Dodd Frank February 3, 2017 Bank shares have risen on news Donald Trump will today roll back Dodd-Frank banking regulation, according to a senior member of the US President’s administration. Gary Cohn, the director of the White House National Economic Council, said dismantling the regulation, which is aimed at avoiding another Lehman-style crisis, means US consumers will have "better choices". "Americans are [...]
Private equity houses trade audio mixing console maker used by Adele, Beyonce, Pharrell Williams and Justin Bieber February 3, 2017 A UK-listed private equity firm has announced the sale of an audio mixing console maker whose equipment is used by the likes of Beyonce, Adele, Pharrell Williams and Canadian popstar Justin Bieber. Epiris, the manager of Electra Private Equity, expects proceeds of £203m from the sale of Audiotonix to European firm Astorg. The £203m marks [...]
French soldier shoots attacker near the Louvre in Paris February 3, 2017 A French soldier opened fire on an attacker near the Louvre museum in Paris this morning, in an incident that Prime Minister Bernard Cazeneuve described as "terrorist in nature". The soldier wounded a man armed with a knife who was trying to enter the Louvre. The man shouted Allahu Akbar (God is greatest) and attacked another [...]
Fears of a Brexit hit disappear for UK services managers despite big costs increases slowing activity February 3, 2017 Business expectations of future growth in the UK’s dominant services sector have recovered to their pre-referendum levels, as Brexit fears dissolve despite the looming start of trade negotiations, according to a survey of managers. However, the pound dropped sharply as current activity slowed more than economists had predicted. The spot exchange rate fell to lows [...]
Newspaper group Johnston Press hit by sterling fall, but Brexit, Trump and fake news could be a boost in 2017 February 3, 2017 Newspaper group Johnston Press has a complicated relationship with Brexit. The publisher of the i, Yorkshire Post and Scotsman today reported being hit by “Brexit-related uncertainty” in a trading update. In addition, the fall in the value of sterling that followed the vote has increased the cost of imported paper and ink, adding more pressure [...]