Latin American demand boosts Kellogg’s sales May 5, 2015 KELLOGG’S saw a jump in quarterly profit and sales yesterday, which was driven by increases in Latin America of six per cent, to $295m in the first quarter ended 4 April. Asia Pacific also experienced strong growth, while the company’s Pringles business in Europe saw sales rise, even though this was offset by a strong [...]
Just Eat devours more customers as orders jump May 5, 2015 ONLINE takeaway service Just Eat reported a jump in orders in the first three months of the year, as investment into its apps and websites paid off. Just Eat listed last Spring, and became the biggest technology float in London in eight years, said that like-for-like orders increased by 47 per cent in the first [...]
Supermarket price wars keep shop prices in freefall in April May 5, 2015 SHOP PRICES continued to fall in April, albeit at a slower pace, with food prices remaining at a record low for a second consecutive month. Prices fell by 1.9 per cent on the year, according to the British Retail Consortium (BRC), a slowdown on the 2.1 per cent reported in March. Food prices fell by [...]
Recovery helps borrowers make repayments on unsecured debts May 5, 2015 BRITAIN’S borrowers are very confident in their ability to repay their loans, Lloyds Bank figures showed today, in another sign of the growing economic recovery. The bank found that 83 per cent of unsecured loan borrowers surveyed feel confident they can pay off the debts. The study showed that 45 per cent of men are [...]
Housing group Miller builds a solid profit May 5, 2015 MILLER Group said yesterday that profits soared by 233 per cent last year, fuelled by improved confidence in the housing market and a rise in home completions. The Edinburgh-based company, which has operations across the UK but outside of London, reported pre-tax profits of £34.6m in 2014 compared with £10.4m the previous year, with turnover [...]
Gatwick oil well firm forced to clarify yet again May 5, 2015 THE FIRM behind the Gatwick Airport oil find, UK Oil & Gas Investments (UKOG), has been directed by the Aim regulator to make a second clarification on its findings at the Horse Hill well in the south east of England. UKOG released an update to the market yesterday in which it said “the company repeats [...]
Sports Direct allegations leads to shopper snubs on the High Street – Brand Index May 5, 2015 With sales booming and a healthy share price reflecting their success, everything on the surface looks rosy for retail giant Sports Direct. However, a Channel 4 Dispatches programme aired last week made allegations of a far more salacious nature. Workers on controversial zero-hours contracts were said to be shamed over a tannoy system for a [...]
Mike Huckabee joins 2016 US presidential race for White House May 5, 2015 Former Arkansas governor Mike Huckabee became the latest US politician to announce he is running for president yesterday. In doing so, Huckabee joined an ever-growing list of Republicans seeking their party’s nomination in the 2016 presidential contest. Senators Ted Cruz, Rand Paul and Marco Rubio have all thrown their hats into the ring, as have [...]
EU mulls McDonald’s tax probe: Margrethe Vestager considers investigation into sweetheart deals May 5, 2015 The EU’s competition commissioner Margrethe Vestager is considering adding McDonald’s to the list of companies being investigated over sweetheart tax deals. The Danish commissioner is weighing up an inquiry following claims by campaigners and unions of an alleged deal with Luxembourg that allowed the fast-food chain to massively reduce its tax bill on European sales. A [...]
Economy set to rebound from early setback May 5, 2015 CHEAP oil is set to help fuel a rebound in the UK economy after a sluggish start to the year, a think tank has said today. The economy should grow by 2.5 per cent this year, according to the National Institute of Economic and Affairs (NIESR). It comes after growth in the first three months [...]
