Britvic expands Fruit Shoot in US as sales rise November 26, 2013 BRITVIC yesterday posted an 18.8 per cent rise in annual operating profit and announced plans to expand its Fruit Shoot brand in the United States. The maker of Robinsons squash and Tango said operating profit in the year to 29 September was £135m up from £112.7m a year ago. Revenue rose 4.4 per cent to [...]
UK gaming firms start trading in new US market November 26, 2013 THREE UK gaming companies have been granted regulatory approval to operate online casinos in New Jersey, a gaming market that the state government said could be worth $1.2bn (£740m) a year. 888 Holdings, Bwin.Party and Betfair all began trading yesterday in the newly regulated state after the New Jersey Division of Gaming handed out seven [...]
Bottom Line: Roll the dice in the land of opportunity November 26, 2013 WHEN BRITONS think of New Jersey, their minds tend to drift to one of a few stereotypes: brash, drunk Italian-Americans (Jersey Shore); violent mafiosos (The Sopranos); or the long journey into Manhattan from its out-of-town airport (Newark). Yesterday it added to that list, by becoming the most populous US state to allow online gambling – [...]
Argos shuns own brand tablets in new stores November 26, 2013 IT HAS only been a matter of weeks since Argos heralded the launch of its own, super-cheap tablet, pitching the £99 MyTablet as the perfect budget choice – with built in Argos apps to help direct customers to making purchases from its other product ranges. So The Capitalist was surprised to see bright and shiny [...]
Scottish pound plan slammed as irresponsible November 26, 2013 ALISTAIR Darling has accused Scottish first minister Alex Salmond of being grossly irresponsible, after Salmond announced that an independent Scotland would keep the pound or refuse to shoulder its share of the UK debt burden. The leader of the Scottish National Party (SNP) launched his vision for independence yesterday, claiming Scotland would remain in the [...]
Portugal passes 2014 budget as protesters rail against austerity November 26, 2013 PORTUGAL’S parliament passed the country’s 2014 budget yesterday, the last under its three-year EU/IMF bailout, but its approval is likely to trigger court challenges that could disrupt the country’s exit from the bailout programme. Several thousand unionists and pensioners converged in front of the building to protest the budget’s public-sector wage and pension cuts, which [...]
Unemployment down in Ireland November 26, 2013 IRISH unemployment shrank at its fastest pace in four years in the third quarter, falling below 13 per cent for the first time since the property bust and boosting the government just as it completes its EU-IMF bailout. The seasonally adjusted unemployment rate, widely seen as one of the most important measures of the economy, [...]
Germany plan for road tax November 26, 2013 GERMAN parties negotiating a coalition deal have overcome one of the most divisive issues in the talks, agreeing to a demand by Chancellor Angela Merkel’s Bavarian allies to introduce a motorway toll for foreign-registered cars. The toll was vigorously opposed by the centre-left Social Democrats (SPD) and Merkel herself ruled out introducing it during a [...]
China slowdown hits luxury firms Boss and Remy November 26, 2013 LUXURY brands revised down their profit forecasts yesterday as growth in key Chinese markets continued to slow, dragging shares lower. Shares in Remy Cointreau dropped 11.6 per cent after the French spirits group warned of a double-digit decline in full-year operating profit because of a slowdown in China, while subdued demand in the country also hit [...]
Barnes & Noble revenue drops as Nook loses e-reader battle November 26, 2013 BARNES & Noble, the largest US bookstore chain, reported an eight per cent drop in quarterly revenue yesterday as sales fell across all its businesses, including its stores and Nook e-readers and e-books. Barnes & Noble shares fell as much as six per cent, with the sliding revenue highlighting again the bookseller’s battle with giant [...]