Instant noodle ban overturned on Nestle’s Maggi but sales fall short August 14, 2015 AN INDIAN court has overturned the nationwide ban imposed on one of the country’s most popular instant noodle snacks, following an original decision to remove the product from shelves in June. The news will come as a relief to food giant Nestle, after the company’s half-year results indicated that sales figures were slightly below analysts’ [...]
Jazz festival returns to the docklands August 14, 2015 SPEAKING of the Docklands, the three-day Canary Wharf Jazz Festival kicks off today. Bringing top acts, including Sons Of Kemet (today), Eska (tomorrow) and Yazz Ahmed and Neil Cowley Trio (Sunday) to Canada Square Park. The bill also includes salsa and Afro-beat, bringing a bit of life to all those shiny towers full of money. [...]
Canary Wharf’s seal of approval August 14, 2015 LONDON’s finance sector now has a mascot infinitely better than the Investec Zebra. There’s a seal living in Canary Wharf! A seal! An actual seal! The fishmongers at Billingsgate Market, gawd bless ‘em, have known about the Wharf’s longest resident for about 10 years, as he commutes to the market every morning to get fed [...]
Coca-Cola HBC shares shoot up as profit fizzes August 14, 2015 COCA-COLA Hellenic, a leading bottler of the iconic beverage, beat forecasts yesterday to send its shares fizzing higher. The company sold just over one billion unit cases in the first six months of the year, it said yesterday. This marked growth of 3.8 per cent compared with the same period last year. It lifted its [...]
Santander UK half-year profit almost doubles August 14, 2015 SPANISH banking giant Santander yesterday reported that UK half-year, pre-tax profit jumped to £929m from £545m in the period to June 2014. However, it warned of increasing competition in the British lending market as continuing low interest rates encouraged institutions to cut loan costs as they battle for customers. In a half-year report for its UK [...]
Grainger to sell German arm as demand for UK rental flats soars August 14, 2015 GRAINGER said yesterday it has hired bankers at Lazard to sell its German residential business, as it seeks to expand its presence in the UK private rented sector (PRS). The UK’s largest residential landlord has been one of the most active players in the UK PRS market. It now has 3,400 PRS units in its [...]
Derwent profits are boosted by lettings boom August 14, 2015 DERWENT London said yesterday that lettings reached a near-record high in the first half of the year, bagging a host of new tenants at schemes including the White Collar Factory in Old Street. The property developer said it secured £20.3m of lettings on 394,600 square feet in the first half of the year, which was [...]
City analysts baffled as Greek economy expands August 14, 2015 EXPERTS were left searching for answers yesterday as Greece, which has seen nine months of economic uncertainty and a slow-motion bank run, posted strong economic growth. In the three months ending 30 June, the economy grew by 0.8 per cent. “We had feared a big contraction,” said Jonathan Loynes from Capital Economics. “Though note that [...]
Investors to go all out on surrey bond August 14, 2015 Surrey County Cricket Club is looking to raise £3.5m with a new fixed-term, five-year bond. Club members will have first dibs starting next Monday, but in mid-September other interested parties will be able to apply. The club’s revenue has doubled since 2012.
Poundland’s bosses fail to get bonuses August 14, 2015 BOSSES at UK discount retailer Poundland did not receive a bonus for 2015, despite both sales and profits at the company improving last year. Poundland’s annual report said the bonus payments were “self-funding” and “as such, this year’s underlying profit after tax achievement of £33.95m did not trigger payment of bonuses to colleagues.” The company’s [...]
