Wine and Spirits Trade Association members say industry will benefit more from EU membership than Brexit March 23, 2016 The UK's alcohol industry would benefit more from Britain remaining in the European Union than leaving, the industry body Wine and Spirit Trade Association (WTSA) has said. Britain's wine and spirits industry is worth £45bn and supports nearly 600,000 jobs. The EU export market was worth £1.8bn in 2015. Staying in the EU was endorsed by 90 per cent [...]
Bitcoin: German tech magazine t3n trials paying employee salaries in bitcoin in agreement with PEY and BitPay March 23, 2016 A German tech magazine will now allow employees to receive a portion of their salaries in bitcoin after trialling the service since November. A group of employees at t3n, a digital economy and lifestyle magazine based in Hanover, have been receiving €20 worth of bitcoin with each monthly salary payment. However, this will now be ratcheted up [...]
Another round for Meantime Brewing Company as it appoints new general manager March 23, 2016 Meantime Brewing Company, one of the UK's largest modern craft brewers, has appointed Laura Edwards new general manager from 31 March. Nick Miller was at the helm of the company for five years and oversaw SABMiller's acquisition of Meantime in May last year. He has said he will remain at the company for several months [...]
Bottoms up to Great Brewtain: Old Speckled Hen, Doom Bar and Hobgoblin are the nation’s three top ales, according to Tesco March 23, 2016 If you don't still know the difference between ale and beer, now might be the time to learn – ale sales have shot up over 14 per cent in the past year. And, if you still need help discerning them next time you're at the pub, Old Speckled Hen, Doom Bar and Hobgoblin are the UK's [...]
Game Digital share price drops after 77.3 per cent dividend slash and pre-tax profit fall March 23, 2016 Video game retailer Game Digital's share price dropped almost nine per cent after it released its half-year results and announced a 77.3 per cent cut in its interim dividend. The figures Game Digital's pre-tax profit in the half year to January fell 32 per cent to £22.5m. Revenue was down six per cent to £549.2m and the company [...]
Moderate alcohol drinking not linked to health benefits, according to new study March 23, 2016 Studies which suggest moderate drinking brings health benefits such as lowering the risk of heart disease are flawed, new research has argued. Previous research that suggested drinking at a moderate level, of around one glass of wine per day, could boost overall health has been questioned by a new Canadian study. Published in the Journal of Studies on [...]
William Hill share price plunges after profit warning of £25m drop in online business March 23, 2016 Bookmaker William Hill's share price plunged over 13 per cent after it warned of a £25m fall in online profits in 2016. The firm's online business took a hit in the period to 20 March as digital performance was hit by regulations and lower than expected gross win margins. Share prices plunged on the news, dropping over [...]
Bingo! Gaming Realms makes play to launch online bingo game into New Jersey gambling market March 23, 2016 Online gambling game creator Gaming Realms will move its bingo games into the US market through an agreement with Pala Interactive in New Jersey. Through the licensing agreement, Gaming Realms will deliver its newly-developed 90-ball bingo game on PalaBingoUSA.com, the only gaming website dedicated to this type of bingo in New Jersey. The group has been granted [...]
Paddy Power Betfair chief operating officer to step down at end of April March 23, 2016 The chief operating officer of Paddy Power Betfair, Andy McCue, will step down from his position on 30 April, the company announced today. McCue was the chief executive of Paddy Power from January 2015 until the completion of its merger with Betfair in February this year. He joined the business in 2006. "Andy has played [...]
Asian shares subdued across the board after Brussels attacks but stay close to levels seen in recent global rally March 23, 2016 Asian stock markets were muted on Wednesday, seeing slight drops across the board, as the market absorbed the impact of Isis terrorist attacks in Brussels. China's Shanghai Composite was down 0.3 per cent, while the Shenzen Composite fell by 0.2 per cent. Hong Kong Hang Seng was down 0.5 per cent by the end of the session. Japan's Nikkei [...]