Coca-Cola HBC acquires Greek bartenders’ mixer firm Three Cents August 9, 2022 Coca-Cola HBC has snapped up premium mixer firm Three Cents for €45m, the global beverage titan announced on Tuesday. The transaction is expected to be completed in the second half of 2022 and is subject to customary closing conditions and regulatory approvals. Three Cents is publicly listed in Greece and was founded in 2014 by [...]
Furious Trump discloses Mar-a-Lago estate has been raided by FBI in search for White House records August 9, 2022 The FBI has searched Donald Trump’s Mar-a-Lago estate as part of an investigation into whether he took classified records from the White House to his Florida residence, sources have said. Disclosing the search in a lengthy statement, the former US president said that agents opened up a safe at his home and described their work [...]
Housebuilder Bellway boasts record £3.5bn revenue as UK property prices soar August 9, 2022 Bellway, one of Britain’s largest housebuilders, has boasted a record annual housing revenue of £3.5bn, bosses announced today. The figure has grown by more than £1bn since 2020, and some £400m since last year. Despite raw material and labour cost inflation, Bellway’s housing completions jumped by 10.5 per cent in the year to 31 July, [...]
Legal & General weathers economic storm, handing out £2.5bn in dividends since 2020 August 9, 2022 Legal & General, one of the UK’s oldest financial services firms, has weathered the country’s worsening economic climate, having declared £2.5bn of dividends since 2020. The London-headquartered company, which offers pensions, life insurance and investment services, has navigated financial and economic crises in the UK for more than 180 years. Legal & General, which also [...]
Holiday Inn owner sees group profit more than double after hotel demand returns August 9, 2022 Holiday Inn owner InterContinental Hotels Group has seen group profit more than double versus 2021 after a recovery in demand for travel. The London-listed firm said it was also reintroducing an interim dividend at a level 10 per cent higher than when last paid and launching an initial $500m share buyback. Revenue for the first [...]
Heatwave drives retail sales but autumn slowdown anticipated as inflation masks falling volumes August 9, 2022 The summer is set to be “the lull before the storm,” with consumers splashing out on heatwave essentials at the tills while inflation masks a drop in volume sales. UK retail sales increased 1.6 per cent on a like-for-like basis from July 2021, according to the British Retail Consortium (BRC) and KPMG sales monitor. However, [...]
Facebook, TikTok and fake news play key role in Kenyan elections: Millions to vote today after ugly online campaigns August 9, 2022 NAIROBI – Politicians and political parties across Kenya have spent tens of millions on social media campaigns in recent weeks in a last effort to win over voters, as the East African country is going to the polls today. Alongside hundreds of genuine statements and ads, fake and false online claims play a key role [...]
High street names including Tesco and Greggs call on Tory leadership candidates to slash ‘shop tax’ August 9, 2022 A coalition of retailers including Morrisons, Greggs and Tesco, have called on the Conservative party leader candidates to slash business rates. The Retail Jobs Alliance has called on both Rishi Sunak and Liz Truss to pledge to cut business rates, which it said were “killing our high streets”. The group, consisting of Co-op, Greggs, Kingfisher, [...]
Exclusive: Citizens Advice warns suppliers against chasing customers for debts they can’t pay August 8, 2022 Citizens Advice has urged suppliers not to chase customers for debts they cannot afford - with energy bills expected to climb this winter.
‘Iron out’ differences on global climate rules, say ECB and IMF August 8, 2022 Global guidelines on corporate climate reporting must fall in line with those in Europe and the US or investors could be hit by fragmented and inconsistent information, the European Central Bank and IMF have warned.