Yeo Valley-manufactured yoghurts sold at Tesco, Waitrose, Asda, Sainsbury’s and The Co-Operative in rubber scare recall August 1, 2016 Five supermarkets have been advised to recall thousands of own-brand yoghurts manufactured by Yeo Valley as they may contain small pieces of rubber. Asda, the Co-Operative, Sainsbury, Tesco and Waitrose have all been affected by the recall of the yoghurts. The rubber was found in a fruit conserve made by a supplier, Yeo Valley said [...]
Yes, Selfridges has just opened its Christmas shop and this is what it looks like August 1, 2016 Is that a little bit of Scrooge spirit we sense spreading across the capital? That would be because Selfridges became the world's first department store to open its Christmas shop. Bah, humbug. The retailer has put 50,000 decorations on display, with plans to expand the store later this year to accommodate another 70,000 decorations. When the [...]
The UK government now has its first official blockchain provider for public services August 1, 2016 Every single public sector organisation across the UK will be able to use blockchain technology for the first time after the government rubber-stamped fintech startup Credits as one of its approved suppliers in a major step forward for the potentially revolutionary technology. It's the first time a company working with blockchain's distributed ledger technology (DLT) has been given the thumbs up, and [...]
Crunching the numbers: Mazars completes on deal with Corality Financial Group August 1, 2016 Get ready for a whole bunch of number crunching: Accountants Mazars has completed its acquisition of financial modelling and training firm Corality Financial Group. As part of the deal, Corality's training academy and financial modelling services will be rebranded as Corality by Mazars. The new brand will be led by Rickard Warnelid, previously Corality Group's chief executive who will now [...]
Ascential step away from print advertising exposure helps media company grow August 1, 2016 Ascential, the business-to-business media company that floated in London this year, has reported a 13.5 per cent revenue growth in the first half of the year. The figures Turnover on a reported basis was £202.5m, up from £178.4m in the first half of 2015. The company’s adjusted earnings before interest, taxation, depreciation and amortisation (Ebitda), [...]
There is a 98 per cent chance the Bank of England will cut interest rates August 1, 2016 The Bank of England is almost certain to slash interest rates when its rate-setting monetary policy committee (MPC) meets for the second time since the EU referendum this week. Futures markets indicate there is a 98.1 per cent probability the MPC will cut rates to a new record-low of 0.25 per cent, slightly up on [...]
India’s largest mortgage lender issues world’s first “Masala bond” in London August 1, 2016 The world's first ever "masala" bond has been issued in London today, in what chancellor Philip Hammond described as a major win for the UK economy in the aftermath of the EU referendum. India's largest mortgage provider, Housing Development Finance Corporation (HDFC), became the first Indian company to list corporate rupee-denominated debt outside of India, with the [...]
Trading in Unicredit shares suspended as investors digest bank stress tests August 1, 2016 Shares in Italian bank Unicredit were suspended from trading this morning as the lender plunged by eight per cent following the publication of stress test results on Friday evening. Its counterpart Monte dei Paschi, which came bottom of the results but managed to secure new terms on a potential bailout, climbed four per cent in the [...]
China urges Hinkley approval as its state media scolds security concerns August 1, 2016 China urged the UK government to press ahead with the Hinkley Point C nuclear power plant, after it delayed making a final decision until October. Reports suggest Prime Minister Theresa May pushed back final approval last week because of security concerns regarding the involvement of China's state nuclear company, which would own about a third of the project. [...]