Government faces post-Brexit High Court challenge over sugar tariffs July 2, 2021 The government is facing a post-Brexit legal challenge over trade policy, after the High Court agreed that a decision to cut sugar tariffs should be reviewed judicially. British Sugar is bringing the case against international trade secretary Liz Truss in response to her decision to allow 126,000 tonnes of raw cane sugar to enter the [...]
London property: The gothic castle on sale in Belsize Park for £17.5m August 31, 2021 Complete with a swimming pool, champagne lounge and wine tasting room- this historic home is truly fit for a king. Hunter’s Lodge is a Grade-II listed Georgian Mansion located off Belsize Lane in Belsize Park, built in 1812 in a Gothic-revival style. The building has turrets and battlements, making it perfect for anyone with dreams [...]
Tate & Lyle agrees £930m ‘de-risking’ pension deal with Legal & General September 19, 2019 Food and drink ingredient supplier Tate & Lyle has agreed a £930m annuity insurance “buy-in” with Legal and General. Tate & Lyle has transferred its pension scheme so it is underwritten by the financial services giant, which it said would provide “certainty and security” for its affected members. Read more: Tate & Lyle reports flat [...]
Toyota pushes the pedal on self-driving tech with $550m Lyft deal April 27, 2021 Toyota is set to acquire Lyft’s self-driving technology unit for $550m, both companies confirmed today, as the Japanese firm pushes the pedal on its automation ambitions. The carmaker will pay $200m cash upfront, with the remaining $350m paid over five years, gaining access to the US ride-hailing firm’s more than 300 employees. The acquisition will [...]
Forget the Caribbean: Why the hottest tipple is… Welsh rum August 18, 2021 An Englishman, a Scotsman and a Welshman were sitting in London’s Leman Street Tavern moaning about their boring, grey, routine-bound lives. They decided to do something different, starting by ordering rum instead of their customary gin. This became the origin story for their own commercially produced rum made in Carmarthen using Welsh fruit loaf and [...]
Joules mulls hiking prices for shoppers to offset rising Brexit costs January 28, 2021 Fashion retailer Joules has warned it is considering increasing prices for consumers as it revealed that Brexit had disrupted exports and could cost it an extra £1m per year. Joules said that, despite its preparation for the end of the transition agreement, exports to certain EU markets had suffered, with Germany being particularly impacted. The [...]
Prince Philip’s global outlook has important lessons for forward-thinking businesses April 18, 2021 There has been a huge amount written and said about the life of Prince Philip, the Duke of Edinburgh. There are also crucial lessons businesses can glean from his work. For a start, the Duke’s life of 99 years was exceptional in its length. Any business would like to be around for that long. There [...]
Tesco sees profit drop despite surge in lockdown sales October 7, 2020 Tesco’s operating profit fell 15.6 per cent in the first six months of the year in new chief executive Ken Murphy’s debut set of results. Profit at the supermarket dropped from £1.23bn to £1.04bn, with a jump in sales due to the coronavirus pandemic weighed down by a hefty loss at Tesco Bank. On a [...]
Weekly outlook, 2-6 November: FTSE heavyweights in spotlight as election day arrives November 2, 2020 It’s election day at last, and while the outcome of Tuesday’s vote in the US will drive the headlines for much of this week and beyond, there’s still a full slate of results and economic updates in store for UK markets. With coronavirus cases now surging at an alarming rate, Boris Johnson has announced a [...]
Tate & Lyle reports flat profit but keeps investors sweet by sticking to guidance November 8, 2018 Tate & Lyle posted flat profits and revenue in its half-year results today, but sweetened the news for investors by maintaining its full-year outlook and fractionally improving its interim dividend. Profit before tax stood at £166m for the six months to the end of September, flat compared to the same period last year, while sales from continuing [...]