Firefighters battling blaze at block of flats in Stockwell February 17, 2017 Firefighters are battling a blaze at a block of flats in Stockwell, south London. Six fire engines and 35 firefighters and officers have been deployed to tackle the fire in Portland Grover. Six fire engines and 35 firefighters and officers are tackling a fire at a block of flats in Portland Grove in #Stockwell [...]
Marmite and Ketchup: the perfect combination? Kraft Heinz has made a £115bn merger offer for Unilever February 17, 2017 Processed cheese giant Kraft Heinz has made a $143bn (£115bn) merger offer for FTSE 100-listed UK food producer Unilever, it announced today. In a statement Kraft said Unilever had declined an initial offer to combine the two groups, but added they were still in talks. Under the offer, Unilever shareholders would receive $50 per share, in a [...]
Now German government officials are meeting with PSA and GM over Opel February 17, 2017 German government representatives have met with bosses at General Motors and Peugeot and called talks between the two carmakers over a potential takeover "advanced". The French company PSA has proposed a takeover of General Motors' European Opel operations, including Vauxhall. "I can confirm that there have been talks with GM and Peugeot", the spokeswoman for the German economy [...]
These are the brands a combined Kraft Heinz and Unilever would own February 17, 2017 Kraft Heinz revealed today that it has approached rival consumer goods giant Unilever about a potential merger. While its initial approach was rebuffed, Kraft Heinz said discussions with Unilever are ongoing. If the deal goes ahead, the combined group would own over 600 brands. These are the household names involved in the potential mega-merger: Marmite [...]
Retail sales fall during January as economists expect inflation to drag further on spending February 17, 2017 Retail sales grew at the slowest pace in more than three years, with economists pointing to inflationary pressure starting to weigh on consumer spending. Sales fell by 0.3 per cent month-on-month during January, with 1.5 per cent annual growth the slowest since November 2013, according to the Office for National Statistics. Sales also declined quarter-on-quarter, [...]
Boris Johnson just accused Tony Blair of insulting the intelligence of the electorate in his Brexit speech February 17, 2017 Never one to knowingly let an opportunity for a rant to pass him by, foreign secretary Boris Johnson has reacted angrily after Tony Blair called for Britons to "rise up" against Brexit. In an interview with Sky News, Boris – whose ministrations have, admittedly, become increasingly measured since he was appointed to his role after the [...]
Regulators make Mike Ashley backed firm pay £12.5m back to customers February 17, 2017 A division of Findel, the London-listed firm backed by Sports Direct, has agreed with financial regulators to pay £12.5m back to customers for insurance products that "offered little or no value". Personal shopping firm Express Gifts, one of the two main divisions of Findel, sold either property insurance or purchase protection insurance products to customers between 2005 and 2015. [...]
These are the UK’s best and worst banks – look away now Barclays users February 17, 2017 Feeling disappointed by your service at Barclays? Well, research shows you're not alone. Barclays has been voted the worst British bank yet again, falling to the bottom of MoneySavingExpert's twice yearly poll. But Barclays isn't the only high street lender that had a poor showing. HSBC and Royal Bank of Scotland (RBS) came towards the bottom of the table, as 21 per cent of [...]
The best Twitter reactions to Donald Trump’s press conference February 17, 2017 Donald Trump held a press conference last night – and nobody really knows what happened. The US President dismissed concerns over connections between the White House and Russia, and launched another attack on the media. The President fired his national security officer, Mike Flynn, earlier this week after it emerged that Flynn had lied to vice [...]
Asda has mixed Prosecco and Pinot Grigio to create an unholy booze chimera February 17, 2017 Remember that time Italian politicians discovered British pubs were serving Prosecco on tap and, um, took exception? Well, there's a good chance Britain is about to offend their delicate sensibilities again, after Asda unveiled Progrigio. Yes, it's a Frankensteinian blend of Prosecco and Pinot Grigio. In an article for Asda Good Living, Asda wine buyer Jack Clayton describes it [...]