Trump’s odds of winning a Nobel Peace Prize just shot up Donald Trump is now the bookie's favourite to win the Nobel Peace Prize this year, after the President accepted an invitation to meet Kim Jong Un. Ladbrokes has set 2/1 odds on Trump scooping the prize, which was last year awarded to a group which campaigned to abolish nuclear weapons. Previous winners include Trump's predecessor [...]
The best of Bucharest: Romania’s wine regions come of age In the Prahova county of Romania, just outside Bucharest, there is a town called Urlati. From the verb “urla”, to howl, its name could be translated as Screamtown. While there is some debate about how this came to be, one story goes that the townsfolk got so drunk all the time that you could hear [...]
Tesla’s shares dive on executive departures while Elon Musk smokes weed on podcast Tesla shares dived in pre-market trading as two executives quit the company today, with one resigning after just a month, citing public attention. The announcements came on the same day as outspoken entrepreneur and Tesla CEO Elon Musk appeared online smoking marijuana. Tesla shares fell by up to eight per cent in pre-market trading after chief accounting officer [...]
Waterstones acquires Foyles bookshops as it squares up to Amazon September 7, 2018 Waterstones has announced the acquisition of the Foyles bookshops, saying the combined business will be stronger in the face of Amazon's "siren call". The 115-year old Foyles has seven shops including four in London, one of which is its large flagship on Charing Cross Road. Waterstones managing director James Daunt said he looked forward to "joining forces" [...]
Shoppers ditch high street in one of the worst Augusts on record for retail September 7, 2018 Shoppers ditched the high street in August, making it one of the worst months on record, new figures have shown. Sales dropped at their steepest rate for three years, accountancy and business advisory firm BDO said in its latest high street tracker, released today. The 2.7 per cent year-on-year decline also marked the seventh month in [...]
English whisky maker The Lakes Distillery considers IPO on London’s junior market September 7, 2018 English whisky maker The Lakes Distillery is mulling a listing on London's junior market, it revealed this morning. The company has appointed N+1 Singer as its nominated adviser and broker and convened a meeting to gain shareholder approval later this month. Lakes Distillery, which was founded in 2011, would look to raised up to £15m [...]
Greene King gets a World Cup boost as it presses ahead with pub sales September 7, 2018 Pub group Greene King sold 3.7m pints of beer during the World Cup, helping it to post solid growth figures ahead of its AGM today. But the company is to press ahead with cost-saving measures and making its estate smaller through the disposal of around 100 pubs this year. The figures In the 18 weeks to 3 [...]
Sports Direct offers loans to help stricken House of Fraser suppliers September 6, 2018 Sports Direct has offered loans to some of House of Fraser's stricken suppliers, it has emerged. Mike Ashley and his team will lend money to companies struggling after the retailer collapsed owing £70m to its suppliers, according to Drapers. Read more: Philip Day's Edinburgh Woollen Mill ends business with House of Fraser This comes just a [...]
Chapel Down bolsters position as UK’s largest winemaker with new vineyard September 6, 2018 Chapel Down has announced the acquisition of another patch of land in Kent, affirming its position as the largest producer of English wine. The site in Boxley adjoins the company's existing vineyards in the North Downs, meaning it will be able to create England's largest vineyard. It adds 388 acres of land which will be vined [...]
Grind snaps up former Jamie’s Italian site in Greenwich September 6, 2018 Fast-growing London coffee and restaurant brand Grind has snapped up a former Jamie's Italian site in Greenwich for its biggest site to date. The site on Nelson Road was one of 12 restaurants shuttered by Oliver's company at the start of this year as part of a company voluntary arrangement (CVA). Grind now plans to [...]
