Nestle, General Mills, PepsiCo and Turkish group Pladis want to munch on Weetabix January 22, 2017 Nestle, PepsiCo, Lucky Charms owner General Mills, and Turkish food group Pladis are interested in gobbling up breakfast cereal brand Weetabix. General Mills and Nestle are plotting a bid through their Cereal Partners Worldwide joint venture, the Daily Telegraph has reported. The world's biggest cereal maker, Kellogg's, is not in the running to bid for Weetabix over competition [...]
Motorists to save £100m a year on MOT under new government plans January 22, 2017 Motorists with a new car will be able to wait an extra year before their first MOT test, under new proposals from the Department for Transport unveiled today. The plan will mean that new cars and motorcycles will not require an MOT for the first four years on the road, as opposed to the current [...]
Competition for football rights set to eat into Sky’s profits January 22, 2017 Sky is set to report a 10 per cent drop in profits on Thursday, according to a forecast by investment firm UBS. The broadcaster is expected to announce a fall in pre-tax profits to £673m in the six months to December, due to the increased costs of its Premier League coverage. However, the UBS report also predicted [...]
Nick Leeson’s lawyer called in by Rolls-Royce ex-boss as fraud squad widens its net January 22, 2017 The ex-boss of Rolls-Royce has called in the lawyer who defended rogue trader Nick Leeson as the fraud squad’s probe into his former company hones in on individuals. Sir John Rose, who was chief executive of the engine maker from 1996 to 2011, has appointed Stephen Pollard, a white collar crime expert at London law [...]
Pub landlords call on the Pubs Code Adjudicator to rule on Heineken’s Punch Taverns takeover January 22, 2017 Pub landlords have united to criticise Heineken's £400m takeover plans of Punch Taverns, which they say will result in reduced beer and cider options for customers. The Punch Tenant Network (PTN), an independent group that represents Punch's publicans, has made an appeal to Pubs Code Adjudicator Paul Newby to give guidance on whether the bid would trigger the [...]
Southern rail will provide service through the RMT union’s strike January 22, 2017 Southen rail commuters are set for another day of disrupted service tomorrow as the Rail, Maritime and Transport (RMT) union conductors go ahead with strike action. Southern owner Govia Thameslink Railway (GTR) has confirmed more than 70 per cent of its trains will run, a 10 per cent increase from previous strikes, and a full service will resume [...]
Shell agrees to sell the remainder of its Saudi joint venture to SABIC January 22, 2017 Shell announced today it is offloading the remaining 50 per cent of its joint venture with leading chemical manufacturing company Saudi Basic Industries Corp (SABIC). The sale of its petrochemicals joint venture, known as SADAF, for $820m (£662.4m) comes as the latest in a string of business disposals, which include its Malaysian oil refining company and Australian aviation business last month. [...]
Theresa May on Trump, Trident and trade deals January 22, 2017 A "possible future trading agreement" will be discussed between the UK and the US when Prime Minister Theresa May visits President Donald Trump this week. The two will talk about "how we can build the special relationship", said May, speaking on the BBC's Andrew Marr show. May also expressed confidence in the UK's ability to negotiate [...]
Day one: President Trump’s already accused the media of lying about the size of his… crowds January 22, 2017 President Trump has accused the media of lying about the size of something – and this time it's not his hands Just a day after being handed the keys to the White House and officially being named the 45th President of the US, Donald Trump has already gone on the offensive against the media. The [...]
Theresa May announces extra £170m for technical education ahead of Brexit industrial strategy launch January 21, 2017 The government has announced a new injection of cash into technical education as part of her plan for an industrial strategy for the UK as it leaves the EU. Prime Minister Theresa May will launch the £170m in new funding when she unveils a Green Paper consultation on the industrial strategy during a trip to [...]