Brewers: Restaurant owners will be richer, more handsome and more successful if they sell you more craft beer April 21, 2016 Well, knock us down with a feather. A beer industry body has suggested one in three people would visit restaurants more regularly – if more craft beer was available there. According to independent research for the Society of Independent Brewers (SIBA), conducted by M&C Allegra Foodservice, more than 33 per cent of 1,000 people would be enticed [...]
Gaucho Group beefs up board with new non-executive chairman Luke Johnson April 21, 2016 Argentine steakhouse chain Gaucho Group, backed by Equistone Partners Europe, has appointed hospitality and leisure entrepreneur Luke Johnson as non-executive chairman. Johnson is currently chairman of Patisserie Holdings, Bread Holdings (which owns Gail's), 3Sxity, Feng Sushi, Draft House Grand Union and Genuine Dining. In the past, he was chairman of PizzaExpress, Giraffe and Strada. Gaucho Group owns [...]
Competition and Markets Authority says provisional Ladbrokes-Gala Coral decision will be released in mid-May April 21, 2016 The Competition and Markets Authority (CMA) has said it will release a provisional decision on the Ladbrokes-Gala Coral merger in mid-May. The provisional decision was originally scheduled to be released on 18 April or soon after. However, City A.M. learned last week that the decision had been pushed back and the previous mid-April deadline was [...]
Everybody panic: Now David Cameron has warned that Brexit could harm our cheese, cider and sausage industries April 21, 2016 Could this be the scariest Brexit prediction yet? Leaving the EU might well cause a run on the pound, or make house prices to come crashing down, but until now we hadn't given a second thought to how it would affect our cheese. David Cameron has made arguably one of his most convincing points yet. Writing in [...]
Pernod Ricard share price plunges after China holds back sales in third quarter April 21, 2016 The share price of Pernod Ricard dropped this morning after the company posted lower-than-expected third quarter sales in a trading update. The figures Organic growth for the third quarter was up one per cent year-on-year, which was below analyst estimates of 1.3 per cent in a Reuters poll. Net sales in Asia and the rest of the world fell 10 [...]
Health experts from the World Cancer Research Fund say these are the two worst things you can eat and drink April 21, 2016 If you'd been enjoying a bacon sandwich this morning and were planning on going for a few drinks tonight, scientists may have bad news for you. Bacon and alcohol have been "strongly" linked to stomach cancer for the first time in a new study by the World Cancer Research Fund (WCRF). Along with being overweight, [...]
Ladbrokes reeling from “worst Cheltenham ever” but claws back to positive net revenue growth across the board April 21, 2016 Bookmaker Ladbrokes has said it is reeling from its "worst Cheltenham ever" in March this year, but has posted strong results despite the downer from the annual festival. The figures Ladbrokes posted an "encouraging" start to the year this morning and said results were especially positive before the bookie's worst ever Cheltenham in March. Net revenue [...]
SABMiller sales see solid boost in 2015 but currency headwinds continue to eat up revenue April 21, 2016 SABMiller has posted healthy organic sales growth in its fourth quarter and full-year 2015 results, but the British drinks giant has suffered as a result of continuing currency headwinds against the dollar. The figures SABMiller has posted underlying growth, with organic sales growing by five per cent for the full-year to 31 March 2016. However, [...]
Stock Spirits shareholder showdown takes fresh turn as Western Gate and Luis Amaral hit back at drinks giant April 20, 2016 The row between Stock Spirits and its largest shareholder has taken another turn, as chief investor Western Gate has hit back at the drinks producer for "needlessly attacking" and seeking to "discredit" it. Western Gate Private Investments, which owns a 9.7 per cent stake in the central European spirits producer, attacked the company after Stock [...]
Mitsubishi admits employees falsified data on fuel economy tests in Japan April 20, 2016 Japanese car manufacturer Mitsubishi has admitted its employees falsified fuel economy tests data, but has assured that no European or UK vehicles are affected. The company confirmed that fuel efficiency tests broke Japanese rules in at least 600,000 of its vehicles, of which 157,000 part of its own-brand light vehicles and 468,000 were vehicles produced for Nissan. [...]
