Unibet Group’s share price jumps five per cent as online gambling firm lays down huge profits in first quarter April 27, 2016 The share price of European online gambling hub Unibet jumped five per cent today after it announced an almost doubling of profit before tax and a 400,000 jump in users. The figures Unibet's profit before tax for the first quarter almost doubled, reaching £22.5m, up from £11.3m in the first quarter of 2015. The company recorded [...]
Media mogul Arianna Huffington is joining the board of ride-hailing service Uber April 27, 2016 Media tycoon Arianna Huffington will join the board of directors of the ride-hailing app service Uber. Travis Kalanick, Uber's chief executive, announced Huffington's appointment to Uber, which was launched in 2009, in an article on The Huffington Post. "For those of us who know Arianna, it's clear she knows a thing or two about being an entrepreneur," [...]
Megabrew: American Antitrust Institute flags “serious competitive concerns” with AB InBev’s takeover of SABMiller April 26, 2016 An American antitrust organisation has flagged "serious competitive concerns" with the AB InBev takeover of British drinks giant SABMiller. "An AB InBev-SABMiller combination raises serious competitive concerns in the US beer market," Diana Moss, president of the American Antitrust Institute (AAI) said in a letter to the US Department of Justice. The proposed merger, which was [...]
MP Matt Hancock says the government is exploring how it could use blockchain in taxpayer payments April 26, 2016 The government is exploring how it could use blockchain technology in the tracking and distribution of taxpayers' money, such as grants, a senior MP said today. At a blockchain networking event cabinet office minister and paymaster general Matt Hancock said the government was exploring how blockchain could be used to manage and track the distribution of public [...]
SABMiller shareholder Kulczyk Investments offloads 1.5 per cent stake in drinks giant April 26, 2016 Polish firm Kulczyk Investments has offloaded half of its three per cent stake in SABMiller for £1bn. Kulczyk placed 24m SABMiller shares, around 1.5 per cent of the company, through Credit Suisse Securities, at a price of 4,180p per share. It will not be able to sell any more SAB shares for at least 90 days. The investment [...]
Blasphemy: Now we can buy low-sugar, low-calorie “skinny” prosecco thanks to Thomson & Scott April 26, 2016 The Italians will be appalled. British drinks company Thomson & Scott has launched a new Skinny Prosecco – a low-calorie, low-sugar version of prosecco to cater to health-conscious drinkers. It should come as no surprise that drink makers are capitalising on remaking prosecco, as for over a year the fizz has been outselling champagne in the UK. [...]
AB InBev snaps up Italian craft brewer a week after it agreed sale of Peroni, Grolsch and Meantime April 26, 2016 AB InBev has gulped down an Italian craft beer brand, only a week after it agreed to sell the premium Italian lager brand Peroni as part of its takeover of SABMiller. The world's largest brewer snapped up Italy's Birra del Borgo for an undisclosed sum, a week after it agreed a $2.55bn bid from Japan's Asahi [...]
British American Tobacco posts revenue and volume growth in first quarter trading updates but warns profits are likely to come in second half of the year April 26, 2016 British American Tobacco posted healthy revenue and volume growth in the first quarter of 2016, but has warned its profits could be weighted to the second half of the year due to the impact of currency headwinds. The figures Revenue at the world's second largest cigarette company increased by 1.7 per cent at current rates of [...]
Online gambling site 21Bet nets 15,000 customers in first month after scoring a clutch during Cheltenham Festival and ahead of new casino site launch April 25, 2016 Upstart online bookmaker 21Bet has signed up over 15,000 customers in its first month in a bid to establish a foothold in the UK online betting scene. The company, which launched at the beginning of March scored a clutch of customers during the Cheltenham Festival and is now preparing for the launch of its latest online [...]
The number of new distilleries in Scotland has more than doubled in the last three years, according to research from UHY Hacker Young April 25, 2016 Artisan alcohol has continued its indomitable rise over the last three years and new research suggests Scotch whisky could be about to join favourites such as craft beer and craft gin. The number of new distilleries in Scotland has more than doubled since 2013, research from nationwide accountancy firm UHY Hacker Young released today showed. Five [...]
