Vaping ‘a problem’, says Trump as officials move to ban flavoured e-cigarettes September 11, 2019 US President Donald Trump today said that vaping is “not wonderful” as he moved to ban flavoured e-cigarettes from the US market. New proposals put forward by the administration would ban all flavours, apart from tobacco, from being sold in the US. Read more: Altria gets Juul for Yule as Marlboro maker bets big on [...]
Santander accused of circumventing professional PPI claims firms September 11, 2019 Professional claims managers have accused Santander of trying to minimise its PPI payments after the bank started going above their heads, dealing directly with customers. The bank confirmed it was talking to customers, skipping the claims management companies (CMCs) to save time on the process. Read more: Lloyds suspends share buyback as PPI costs rise [...]
South African drinkers get their whisky fix with post-Brexit trade deal September 11, 2019 The whisky will keep flowing in Cape Town’s bars and restaurants even after Brexit as the UK initialled a trade deal with South Africa and its neighbours. The economic partnership agreement, which has been agreed in principle, with the Southern African Customs Union and Mozambique will give British business access to a major African market. [...]
Prosus hits European big leagues with 25 per cent jump on debut September 11, 2019 Shares in Prosus, an early investor in Tencent, soared on its Amsterdam debut this morning as the company’s former parent priced it lower than the market. The firm jumped 25 per cent in its Amsterdam stock market debut earlier today, instantly becoming one of the biggest internet companies in Europe. Read more: Tencent posts profit [...]
Spring in sight for Four Seasons with takeover deal September 11, 2019 Residents at Four Seasons care homes may see light at the end of the tunnel tomorrow as it looks posed to announce a deal with H/2 Capital Partners to take over most of the sites. The US hedge fund is set to take on 185 of the company’s 320 care homes and continue to run [...]
Government unveils scheme to keep foreign students in Britain September 10, 2019 The government will today reveal new plans allowing international students to stay in the UK for two years after they finish their course. The initiative let graduates work, or look for work, at any skill level. Business groups have been calling for the move as part of a more liberal migration policy. Post-study visas were [...]
Smack hawk down: Trump fires national security adviser Bolton September 10, 2019 US President Donald Trump has fired his hawkish national security adviser John Bolton after revealing the two had come to blows over a series of policies. Trump said he had spoken to Bolton and asked for his resignation, which was handed in this morning. “I disagreed strongly with many of his suggestions, as did others [...]
Sports Direct pleads with big four auditors to check its books September 10, 2019 Sports Direct, the retailer founded by Mike Ashley, is pleading with the big four accountancy firms to audit its books as it worries smaller accountants would not be up to the task. Over the last fortnight the company has sent overtures to the auditors ahead of its annual general meeting tomorrow, Sky News reported. Grant [...]
Magners maker C&C to move to London in October September 10, 2019 The maker of Bulmers and Magners is set to say goodbye to its Dublin listing and join the London exchange in October, it said today. It comes after C&C last year acquired British firms Matthew Clark and Bibendum, meaning it now gets most of its revenue from the UK. Meanwhile most shareholders are either based [...]
Corbyn would ‘turn back the clock decades’ says CBI after Labour announces plans for workers’ rights ministry September 10, 2019 British business leaders yesterday described Labour’s plans for a new ministry of workers’ rights as an attempt to “turn back the clock decades,” as Jeremy Corbyn set out his vision ahead of a potential election. The Confederation of British Industry (CBI) said that the proposals did not reflect the reality in most UK workplaces. “The [...]
