A pint with your meal? SABMiller targets women and wine drinkers in new strategy October 6, 2014 Could beer become as popular with women as coffee? That is certainly what SAB Miller chief executive Alan Clark and marketing director Nick Fell are banking on. In an investor seminar in London today, the pair talked through plans to build the company – which owns brands including Coors, Grolsch, Peroni and, of [...]
The 2014 Nobel Prize in Physiology or Medicine has been won by Edvard and May-Britt Moser, but which scientific field has been the most successful? October 6, 2014 The first of this year's Nobel Prizes has been awarded to a British-US scientist and two Norwegian scientists for their combined work in the field of brain science. This morning. John O’Keefe and husband-and-wife team Edvard and May-Britt Moser won the Nobel Prize in Physiology or Medicine for discovering an ‘inner GPS’ in the [...]
Euro Disney share price plummets as recapitalisation plan fails to impress October 6, 2014 Even the land of fairy tales can't escape from France's economic woes. Euro Disney today announced a €1bn recapitalisation plan to help it recover amid a souring European economy. The recapitalisation is backed by its parent Walt Disney, which owns almost 40 per cent of Euro Disney and had to bail it out [...]
Ford Fiesta is the UK’s most popular car as sales hit their highest since 2004 October 6, 2014 UK car sales hit a ten-year high in September, with 425,861 new vehicles registered. The figures, released by The Society of Motor Manufacturers and Traders (SMMT), show a 5.6 per cent jump on last month, with the most popular car a Ford Fiesta (see chart two). This month's rise means that the number of cars [...]
Electra share price drops as shareholders fend off activist investor Edward Bramson and Sherborne Investors October 6, 2014 Electra shareholders have fended off a bid by activist investor Edward Bramson to join the private equity fund’s board at its annual general meeting today. The move sent shares in Electra down almost two per cent this morning. Bramson’s Sherborne Investors had sought backing for reform of the group, with the elusive investor telling shareholders [...]
Webuyanycar owner BCA gears up for London IPO October 6, 2014 Britain's largest car auctioneer BCA has confirmed plans to list on the London Stock Exchange, in a move that would value the business at £800m. Blackbushe-based BCA, which acquired webuyanycar.com last August, is looking to raise £200m by issuing a quarter of its equity. The company said the proceeds would be used to pay [...]
Why the price of gold is down to a year low? Falling US unemployment boosts investor confidence October 6, 2014 Gold's appeal has been tarnished by stronger-than-expected employment data for the US. The commodity, which is viewed by investors as a safe haven at times of economic instability, fell in value by 0.7 per cent to $1,183 per ounce during Asian trading this morning – its lowest price since June last year. On [...]
Arsenal fail to beat top four team for 14th game in a row with defeat at Chelsea October 6, 2014 Unfortunately for Arsenal fans, their 2 – 0 defeat to Chelsea was almost inevitable. In what was this season's first trip to one of last season's top four, Arsene Wenger's men stuck to a script that has gone from scary, to shocking to no-longer surprising for their frustrated fans. Although Arsenal's performance was [...]
Jim Mellon: Three things you didn’t know about the multi-millionaire fund manager October 6, 2014 1 He once ended up owning a nightclub in Manila due to non-payment of a debt. Luckily the debt was repaid. But for six months, he was the owner of the Firehouse Club, unbeknown to his employers. 2 He was once charged with accompanying the ex-Foreign Secretary, George Brown, on a trip around Japan. Then [...]
German factory orders add to Eurozone woes October 6, 2014 German factory orders haven't fallen this far since January 2009. Orders for August dived by 5.7 per cent month on month after a bullish 4.7 per cent jump in July. The fall was far worse than a group of economists polled by Bloomberg had anticipated. As a measure taken in isolation it wouldn't be as [...]