Young’s share price jumps as chief executive Stephen Goodyear announces he will step down after 13 years March 22, 2016 Stephen Goodyear, the chief executive of UK brewer and pubs company Young's, will step down after 13 years this summer, the company announced today. Young's share price jumped by 40.5 points to a high of 1,220 points at 1.30pm shortly after the announcement. [charts-share-price id="165"] Goodyear will hand over to Patrick Dardis, who is currently the [...]
Your vintage wine tastes better because of earlier harvests brought on by… climate change March 22, 2016 Higher temperatures in France brought on by climate change are producing "exceptional vintages", according to research published in Nature Climate Change. Climate change had "fundamentally altered the climatic drivers of early wine grape harvests in France" by accelerating the time it takes for wine grapes to mature, which in turn creates higher quality wine. "Historically, [...]
GVC Holdings appoint new chief product officer after acquisition of online sports betting firm bwin in February March 22, 2016 Sports betting and online gaming firm GVC Holdings has created a new chief product officer role following its acquisition of bwin.party digital entertainment. Liron Snir has been appointed GVC's first chief product officer, who will oversee product management and user experience on the company's digital betting platforms. Bwin.party, a B2B and B2C sports betting brand and owner [...]
888 Holdings’ 2015 operational profits halve due to levies but operational successes boost share price March 22, 2016 The share price of online betting and gaming provider 888 Holdings rose as its announced its full-year financial results for 2015 today, emphasising operational successes despite a halving of its operational profit. The figures Operating profit for 888 Holdings, the owner of 888.com, halved from $80m (£55.5m) in 2014 to $40.8m (£28.3m) in 2015. The company saw gaming duties [...]
Clever cloggs: UK universities Cambridge, Oxford, Royal College of Art and Insitute of Education come top of the class for eight subjects in annual QS global rankings March 22, 2016 UK universities are the top places to study eight subjects including maths, languages, history and art, according to the annual QS global league tables. Four UK universities led the way across eight subjects, with the University of Oxford top for four subjects and the University of Cambridge coming top dog for three. UCL's Institute of [...]
British American Tobacco boss made £4.5m last year March 22, 2016 British American Tobacco (BAT) today revealed that chief executive Nicandro Durante received a pay rise in 2015. The company's annual report shows Durante was paid a total of £4.52m last year, up from £3.62m in 2014. However, his remuneration has yet to climb back to the levels of a few years ago – in 2013 he was [...]
Londoners spend almost a week of each year in traffic jams, new study from TomTom shows March 22, 2016 If you thought it took you longer to get a taxi to that meeting last week than it did a couple of years ago, you were probably right. New research from TomTom has revealed London's commuters are enduring an extra 39 minutes of travel time each day, or 149 hours a year, due to traffic [...]
Petrobras share price drops 5.5 per cent on news of net loss of £7bn in fourth quarter of 2015 March 22, 2016 Brazil's state-controlled, scandal-ridden oil company Petrobras posted its biggest-ever quarterly loss on Monday. The company, at the centre of a corruption scandal involving Brazilian lawmakers, booked a large writedown for oilfields and other major assets. The figures Petrobras posted a consolidated net loss of 36.9bn reais (£7.1bn) in the fourth quarter of 2015. This result pushed the company's full-year [...]
Asian shares mixed on Tuesday as Chinese stocks dip modestly while Nikkei buoyed by weaker yen March 22, 2016 Chinese stocks slid on Tuesday as a weaker yen buoyed Japanese stocks after a public holiday on Monday. On a mixed day for Asian markets, Chinese decreased gains they made on Monday with the Shenzen composite down 0.41 per cent and the Shanghai composite lower at 0.78 per cent. Hawkish comments from two US Federal Reserve officials [...]
