English Wine Producers says homegrown industry is set for an “exceptional” harvest this year October 13, 2016 The UK's wine makers are gearing up for an "exceptional", high-quality vintage this year, according to an industry body. Harvests at some homegrown vineyards began in mid-September, though the main bulk of the grapes will be harvested now and over the next fortnight. English Wine Producers, the marketing body representing the English and Welsh wine [...]
Amazon wants to bag 120,000 temporary workers for Christmas October 13, 2016 E-commerce giant Amazon is looking for more than 120,000 workers in the United States to tide it over during the busy Christmas period. Thousands of the temporary workers will be kept on beyond the holiday season, Amazon said. The announcement from Amazon comes shortly after it said it would be opening a new warehouse in [...]
Pension Protection Fund calls for BHS liquidation to start within the month October 13, 2016 BHS' biggest creditor, the Pension Protection Fund (PPF), is pushing for the company to be placed into liquidation by the end of the month. Sky News reports that the PPF has told the joint administrators of BHS that it wants to bring forward investigations into the former directors of the retailer, which would take place [...]
A lot of fizz: Warning from Face the Facts, Can the Tax group that sugar tax could fuel illicit soft drinks trade October 13, 2016 A British soft drinks industry campaign group has brought a whole new meaning to coke today after it claimed the sugar tax could fuel the illegal fizzy drinks trade. Concerns have arisen from the prospect of a minimum tax threshold for importers, which would permit some product to be imported tax free into the UK. Read more: TaxPayers' [...]
WH Smith’s share price climbs after retailer announces share buyback programme October 13, 2016 WH Smith's share price was up 3.5 per cent this morning after the company said its pre-tax profits increased eight per cent year-on-year. The retailer also increased its dividend by 12 per cent and said it would be starting a £50m share buyback programme. Read more: #Marmitegate: Someone is selling a jar of Marmite on [...]
Shock, horror, Bovril: Here’s how Twitter has reacted to Marmitegate October 13, 2016 A nation is in shock after Tesco said it is locked in a battle with Unilever over a potential 10 per cent price hike. As it stands, Tesco has admitted it may start to run out of Unilever's brands, which include Dove and Persil. And experts have warned this may not be the last threatened shortage of household staples in [...]
Tesco v Unilever: What the analysts are saying about #Marmitegate October 13, 2016 As Brits try not to panic in the face of (probably) rapidly depleting Marmite stocks at Tesco, analysts have warned that Brexit-induced inflation is looming ever closer. Tesco's share price dropped by 2.2 per cent in early trading today, after it was revealed the supermarket is in a dispute with consumer goods producer Unilever over pricing. The [...]
Someone is selling a jar of Marmite on eBay for £100,000 as the price war between Unilever and Tesco rolls on October 13, 2016 Someone is trying to sell a jar of Marmite on eBay for £100,000 amid fears that the stocks may run low due to a supply dispute between Tesco and Unilever. Tesco has pulled Marmite and all other Unilever brands from its website after Unilever attempted to increase its wholesale prices. At time of writing Tesco's share price [...]
Game Digital share price lifts slightly despite fall in profit before tax of more than 80 per cent October 13, 2016 It's not all fun and games over at retailer Game Digital today, where both profits and revenue have fallen over the past year. The figures Profit before tax at the high street game seller plummeted 81 per cent to £4.9m in the 53 weeks to 30 July, down from £25.8m in 2015 as Game struggled [...]
Sports Direct’s CFO leaves company after presiding over three profit warnings October 13, 2016 Sports Direct has said this morning that its acting chief financial officer will leave at the end of the year. Matt Pearson became CFO last June and has presided over a tumultuous year for the company, including a parliamentary inquiry into working conditions and wages and three profit warnings. Most recently, the company issued a profit warning [...]