French President hits out at US policy to levy fines on European companies October 12, 2016 France's President Francois Hollande has accused the US of double standards in throwing multi-billion euro fines at European banks while complaining about European Commission investigations into US companies. Speaking to French magazine L'Obs he explained that this was a key reason why he could not support a European free trade deal with the US. Read more: Merkel, Renzi [...]
Former Sainsbury’s boss warns of imminent price hikes October 12, 2016 The ex-boss of one of the UK's leading supermarkets has warned shops will have to start hiking prices soon in response to the plunging pound. Justin King, who spent a decade as chief executive of Sainsbury's, told a conference on Wednesday it would be impossible for shops to absorb the higher costs of raw materials and imported products without charging [...]
The government is facing cross party condemnation after Theresa May refused to guarantee MPs a vote on Brexit October 12, 2016 Theresa May's government has been hit with condemnation from MPs across political parties after the Prime Minister refused to guarantee a parliamentary vote on Brexit. Speaking at Prime Minister's Questions, May suggested that, despite a concession on today's debate to support proper scrutiny of Brexit talks, a vote in parliament remains unlikely. Noting opportunities for MPs [...]
Stock Spirits gulps down three Czech vodka and gin brands Prazska, Nordic Ice and Dynbyl from Bohemia Sekt October 12, 2016 London-listed vodka and liqueur maker Stock Spirits has gulped up three spirits brands from Bohemia Sekt for 135m Czech koruna (£4.5m) in a bid to expand its business in the Czech Republic. Stock Spirits has swallowed up Prazska vodka, Nordic Ice vodka and Dynbyl, the country's best-selling domestic gin. The brands will be distributed and marketed by [...]
A legal decision on the status of Uber drivers is imminent October 12, 2016 Uber drivers could receive a judgement as soon as today in a landmark legal case that could decide the status of millions of people working across the growing gig economy and potentially disrupt the billion dollar startup's business in Britain. An employment tribunal will make a decision based on the arguments of drivers, represented by law firm Leigh Day and [...]
Picks of the day: The three stories to read today October 12, 2016 Running out of things to talk to coworkers about? We’ve done the legwork for you, and put together the top stories people are talking about today in bite-sized form – to make life that bit easier. Time Out to open first London market Time Out is doing what it did in Lisbon in 2014, and [...]
TSB to slash rates on Classic Plus account from next year October 12, 2016 TSB has confirmed it is cutting the interest rate on one of its top accounts. From 4 January next year, the challenger's Classic Plus account will offer a three per cent rate on balances up to £1,500, which is less generous compared with the five per cent rate on balances up to £2,000 currently offered. In [...]
Sorry social media – British parents are not buying into avocados and kale – they’d rather to stick to tradition October 12, 2016 Instagram (and Pret a Manger) may suggest the UK has gone bananas for avocados – but when it comes to feeding our kids, it seems us Britons would much rather stick with tradition than delve into something new. Research commissioned by Mash Direct, which surveyed 1,000 parents across the UK, revealed 24 per cent of [...]
Commuters facing travel chaos at Euston station October 12, 2016 Commuters are facing travel chaos at Euston station this afternoon, due to a broken down train between Harrow & Wealdstone and Watford Junction. Rail operator London Midland warned that some trains in and out of Euton may be delayed by up to one hour. UPDATE: Due to a broken down train btwn #Harrow&Wealdstone – #WatfordJunction trains [...]
Advertising spend forecast increased, showing companies have “held their nerve in the face of Brexit uncertainty” October 12, 2016 A closely-watched report has forecast advertising spend in the UK will increase by 1.9 per cent in 2016, up from a previous estimate of a 0.2 per cent fall. The IPA’s Bellwether Report suggested that its forecast revision shows marketers “have held their nerve in the face of Brexit uncertainty”. Read more: TfL awards Outdoor Plus [...]