Beyond Meat share price soars as KFC trials vegan ‘chicken’ August 27, 2019 Shares in Beyond Meat soared yesterday after KFC announced it was trialing a plant-based alternative to fried chicken. The fast food giant said the new product – known as Beyond Fried Chicken – would be available today at one of its Atlanta restaurants, with customer feedback determining whether it gets a further test or national [...]
Asian stocks rise cautiously after Trump softens trade war rhetoric August 27, 2019 Stock markets in Asia climbed cautiously into the green this morning after President Trump made more optimistic comments about the trade war following what he described as two “very good calls” from Beijing. “China called last night our top trade people and said: ‘Let’s get back to the table,’” he said at the G7 summit [...]
Travel chaos set to hit London airports as British Airways pilots vote to strike August 23, 2019 British Airways pilots are planning to go on strike for three days in September, the British Airline Pilots Association (BALPA) said. BALPA said the airline “did not accept” any options the union put to it during talks this week, adding: “it is clear following discussions with members over the last few days that BA’s most [...]
Sheffield Hallam MP Jared O’Mara arrested – reports August 23, 2019 The MP for Sheffield Hallam, Jared O’Mara, was arrested last week on suspicion of fraud, according to reports. Police raided his constituency office, taking documents and computers last Friday, the Mirror and the BBC wrote. Read more: Who the heck is Nick Clegg? Seven facts about Facebook’s new spin chief The MPs office manager Gareth [...]
Fresh blow for Woodford as suspended fund’s holdings take hit August 23, 2019 Neil Woodford has suffered his third setback of the day after it was announced that his suspended Equity Income Fund (EIF) significantly underperformed its industry benchmark. Link Fund Solutions, which is managing EIF’s suspension, said the fund had declined 11.15 per cent between 3 June and 21 August. By contrast, the fund’s industry benchmark – [...]
China to tariff $75bn of US goods in trade war escalation August 23, 2019 China has announced it will tariff $75bn of US goods in the latest escalation in the long-running trade war with the US. China’s commerce ministry said in a statement it would impose additional tariffs of five and 10 per cent on over 5,000 US goods including agricultural products, crude oil, small aircraft and cars. The [...]
‘Feel the pain’: China set to retaliate on US tariffs, says state newspaper August 23, 2019 China will soon unveil plans to impose retaliatory tariffs on certain goods, the editor of a Chinese state-backed newspaper has said. Read more: Chinese renminbi set for another weekly fall on trade tensions Hu Xijin, editor of the Global Times, tweeted: “Based on what I know, China will take further countermeasures in response to US [...]
Cathay Pacific urged to end ‘white terror’ by Hong Kong unions August 23, 2019 Trade unions in Hong Kong have called on Cathay Pacific, the airline caught up in tensions between Chinese authorities and anti-government protests in the city, to end “all forms of white terror”. The Hong Kong Confederation of Trade Unions (HKCTU) called a news conference following the dismissal of the head of Cathay Dragon’s Airlines Flight [...]
Greggs cooking up vegan versions of all its most popular products August 23, 2019 Greggs is working on plans for vegan versions of all of its best selling products following the success of the bakery’s vegan sausage rolls, its chief executive has announced. “We are plugging away at seeing if we can come up with a vegan version of all our top-selling lines. Obviously people want a vegan option,” [...]
Woodford share price tumbles as it devalues holding in cold fusion company August 23, 2019 Shares in Woodford Patient Capital Trust (WPCT), the listed fund of beleaguered stockpicker Neil Woodford, dropped over six per cent this morning after the company was forced to cut the value of one of its largest holdings, a controversial energy company backed by celebrities including Brad Pitt. WPCT said this morning that Link Fund Solutions [...]
