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Retail

  • Raise a dram to this 50-year-old whisky… If you have £20,000 to spare, that is

    October 5, 2016

    A new whisky has been launched today that would leave Don Draper scrabbling for a dram – and his wallet.  The world's number two whisky brand, Scotch giant Glenlivet, has unveiled the second release from its luxury Winchester collection, a 50-year-old Vintage 1966 worth an eye-watering £20,000 a bottle and created by then-master distiller Robert Arthur. [...]

  • Business travelers fork out more to stay near the City, study shows

    October 4, 2016

    Business travelers were still prepared to pay more to stay near Canary Wharf and the Square Mile despite increased uncertainty ahead of the EU referendum. A bi-annual report by HRG — the global travel company — showed that average room rates for business travelers leapt in the Docklands and the City by 6.9 per cent [...]

  • Facebook and trend for fewer but bigger nights out lift profits at Revolution Bars Group

    October 4, 2016

    A large Facebook following and people opting for fewer but bigger nights out have revolutionised profits at Revolution Bars Group over the last year.  The figures Revenue at the premium bar firm, which operates the Revolution and Revolucion de Cuba brands, was up 6.9 per cent to £119.5m in the year ended 30 June.  Like-for-like [...]

  • World gets thirsty for British gin as exports skyrocket

    October 4, 2016

    The rest of the world has developed a bigger taste for British gin than ever before, as new figures show global exports have risen 166 per cent by value since 2000.  According to the Wine and Spirit Trade Association, exports since 2010 have risen 44 per cent by volume and 46 per cent by value.  [...]

  • Megabrew holding company lists in Johannesburg as SABMiller prepares to leave the London Stock Exchange

    October 4, 2016

    The holding company for the Megabrew merger listed on the Johannesburg Stock Exchange (JSE) today, while SABMiller shares will be suspended in London tomorrow morning ahead of the long-awaited tie-up. Newbelco SA/NV, which will be renamed Anheuser-Busch InBev SA/NV when the £79bn takeover completes next week, listed 1.7bn new ordinary shares on the main board [...]

  • The cost of groceries fell once again in September as the supermarket price war waged on

    October 4, 2016

    The cost of a basket of shopping fell again in September as the supermarket price war continued to take its toll on retailers' margins. According to research by comparison website mySupermarket, a basket of popular grocery items came to £83.19 in September, an annual drop of £2.74 and a month-on-month drop of 16p. Read more: Sainsbury's share [...]

  • Sports Direct was selling Louboutin heels online this weekend – but they’ve been taken off the website

    October 4, 2016

    Budget sports retailer Sports Direct moved into uncharted territory this weekend as it started selling Christian Louboutin heels. Sports Direct is known for its discount tracksuits and, most recently, for not paying its workers the minimum wage. Read more: Sports Direct shares jump as Mike Ashley takes control But now it appears the company wants to [...]

  • Crispin Blunt says new cannabis and wider drugs legislation could be a task for a Royal Commission

    October 4, 2016

    Former prisons minister and Tory MP Crispin Blunt has said the best way to move ahead with more progressive drugs legislation would be to initiate a Royal Commission on the matter.  Blunt told a fringe event about cannabis legalisation at the Conservative party conference last night that doing so would take the debate about changing drugs policy, [...]

  • The new Boaty McBoatface? Sainsbury’s has renamed its vegan cheese following a customer rant on Facebook

    October 4, 2016

    It's Sainsburys' own Boaty McBoatface moment: the supermarket has given its vegan cheese a rather less descriptive name, after a customer suggested on Facebook it should "call it Gary or something". The anonymous cheese lover posted an exclamation mark-laden rant after she objected to Sainsbury's referring to its coconut-based cheese alternative as "cheese". "CHEESE IS NOT MADE WITH COCONUTS," [...]

  • Skinny Prosecco could be coming to a supermarket near you in 2017

    October 4, 2016

    Those who love both prosecco and their waistlines will have something to raise a glass to today as a diet version of the UK's favourite bubbly could be about to go mainstream.  British luxury drinks group Thomson & Scott launched its low-calorie, low-sugar Skinny Prosecco in April in a number of high-end stores including Selfridges (where it [...]

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