Lidl steps up expansion with plans for giant distribution hub in Devon, creating 500 jobs April 18, 2016 Lidl has revealed plans to build a new distribution centre in Devon, as the fast-growing discounter presses ahead with its expansion in the south west of England. The supermarket chain bought the site in Clyst Honiton near Exeter airport in February from Sainsbury’s after the rival chain aborted its own plans for a depot. Read [...]
Star Wars joins forces with Disney princesses to boost Hasbro sales April 18, 2016 Hasbro shares have edged higher after the toy-maker posted a 16 per cent jump in first quarter sales, boosted by demand for Star Wars lightsabers and Millennium Falcon playsets on the back of the recent blockbuster release. The world's third biggest toy company behind Lego and Mattel reported revenues of $831.2m (£585.6m) in the first three months of the [...]
Oil prices fall as Doha production freeze talks collapse: Here’s how the City analysts have reacted April 18, 2016 Oil prices plummeted overnight after crucial talks among members of Opec failed to reach a deal on freezing oil production. Prices of both Brent and WTI crude were down more than five per cent overnight, which in turn pushed down equities, with the FTSE 100 falling 0.7 per cent in the first hour of trading. [...]
Oil prices slump after Doha meeting fails to yield result on production freeze between Saudi Arabia-led Opec and Iran April 18, 2016 Oil prices plunged this morning, after some of the world's biggest producers failed to reach an agreement over freezing production during a historic meeting in Doha yesterday. Ministers said late yesterday that more time for talks was needed before a production freeze could be brought about. The stand-off sent oil prices down this morning. WTI Crude [...]
Oil and gas execs flag Opec policy as biggest risk to the industry April 18, 2016 The majority of senior oil and gas executives have singled out Opec policy as the biggest risk currently facing the struggling industry. Around 74 per cent of senior international oil and gas execs think Opec policy is the most significant geopolitical concern for the industry, according to research by global law firm Clyde & Co. Read more: Doha oil production freeze talks end [...]
UK retail footfall: Shoppers abandon high street at even faster pace in March April 18, 2016 Shoppers abandoned the high street at an even faster pace last month, with the early timing of Easter and the heavy rain brought on by Storm Katie blamed for keeping visitors away. Footfall dropped by 2.7 per cent in the year to March, according to figures from the British Retail Consortium (BRC) and retail analysts [...]
These five London areas were among the worst in the UK for disposable income growth April 18, 2016 London accounted for half of the 10 worst performing areas for growth in disposable income over the last five years, according to new research released today, which blamed rising housing costs and lower City bonuses in part for the slowdown. Camden and City of London were the only areas in the UK to have experienced a [...]
Russia says door not closed to output freeze deal despite Doha failure April 17, 2016 Russia has said its door isn't closed to an output freeze in the future, despite oil majors failure to clinch a widely anticipated deal in Doha today. Russia's oil minister, Alexander Novak, said that the country wasn't closing the door on a global deal to freeze output, adding he was disappointed that no decision had been taken. Officials from [...]
Heated Saudi, Iran tensions cast cloud over oil freeze deal in Doha April 17, 2016 It may be more than 30 degrees in Doha, but it's all about a freeze right now. Officials from Opec, Russia and other major oil producers are holding talks which could result in production being frozen for the next six months. The meeting kicked off around 12.30pm GMT, following a change to the wording of the agreement, [...]
Potential oil freeze deal: What five experts think about the historic producer meeting in Doha April 17, 2016 Rising tensions between rivals Saudi Arabia and Iran could inhibit a historic oil production freeze deal widely expected to be inked today. Some 18 Opec and non-Opec countries, including Russia, met in the Qatari capital of Doha to firm up an agreement to freeze oil output at January levels, a move which would support crude prices. Ministers started talks after [...]