EasyGroup representative Tim Ingram resigns from FastJet board over growing tensions March 18, 2016 Tim Ingram, EasyGroup Holding's representative on the board of FastJet, resigned from his board position at the latter firm earlier this afternoon. "The board has regrettably accepted Tim's resignation," Colin Child, non-executive chairman at EasyGroup, said. "I would like to thank Tim for his contribution and professionalism during his time on the board and wish him [...]
English pubs will save £39m annually from small business levies announced in Budget 2016 March 18, 2016 Changes to the way the government levies business rates announced in the Budget this week will save England's pubs over £39m per year. The measures, which will come into force in April 2017, will see 81 per cent of pubs benefiting from either the small business multiplier, or Small Business Rate Relief, or both, according to [...]
Seven in 10 northern businesses don’t believe government will invest in the Northern Powerhouse, despite HS3, Crossrail 2 and infrastructure pledges March 18, 2016 During his Budget speech George Osborne upped his pledges towards the Northern Powerhouse project, but northern businesses are not convinced the government will deliver on its plans. Despite the infrastructure commitments such as giving the green light to HS3 between Manchester and Leeds, key A-road upgrades and funding Crossrail 2, seven in 10 respondents said they did not believe [...]
Toshiba share price up 4.2 per cent on close as company confirms it is cooperating with US authorities March 18, 2016 The Japanese electronics conglomerate Toshiba saw its shares rise by 4.2 per cent as trading closed in Tokyo today. Toshiba also today confirmed that its US arm is under investigation into losses at its nuclear power operations, after allegations surfaced that there had been major fraud in the accounting operations at the corporation's US-based nuclear business [...]
Back on the (turn)table – Sainsbury’s to start selling vinyl records from March 21 March 18, 2016 In a blast from the past Sainsbury's will soon start selling vinyl records again for the first time since the 1980s. Responding for booming demand for vinyl, which grew by over 60 per cent in 2015 and 70 per cent in the first quarter of 2016, from 21 March a mix of 18 contemporary and classic [...]
Luck’s been a lady: Bookies pay out £50m so far as “worst Cheltenham ever” for betting industry goes into Gold Cup Day March 18, 2016 The odds weren't on the punters to win this year, but savvy betting has put the bookies down by £50m at the start of Gold Cup Day. The betting industry is holding its breath for respite on the final day of the week-long event after having to pay out over £50m so far over this week's [...]
M&C Saatchi share price jumps as it posts record results for 2015 and hikes dividend 15 per cent March 18, 2016 The advertising major M&C Saatchi has unveiled record results and hiked its dividend, prompting its share price to climb this morning. The figures Operating profits rose 16 per cent to £18.6m in 2015, M&C Saatchi said this morning, while profit before tax grew by 17 per cent to £20.1m, in line with analyst expectations. The year of "outstanding progress" has [...]
France raises a dram to whisky industry as Bonial study reveals it is the nation’s drink of choice March 18, 2016 Scotland's reputation as the world's finest producer of whisky could be on the rocks as France is looking to become the number one maker of the classic spirit. France is now the most prolific whisky drinking nation, according to a study by retail consultants Bonial, with the average person drinking an average of 2.2 litres [...]
Staying afloat: SeaWorld share price jumps after announcement the park will stop its killer whale breeding programme March 17, 2016 SeaWorld's share price jumped after the US theme park operator announced it will end its controversial killer whale breeding programme. The company, which keeps 23 orcas in its three parks in the US, said today that the current generation of orcas will be the last. SeaWorld also said that from 2019 it will introduced "natural orca encounters, [...]
Moody’s changes outlook on global shipping sector to negative as supply growth will outpace demand, despite low oil prices March 17, 2016 Moody's Investors Services has changed its outlook on the global shipping sector to negative. In a new report, Moody's attributed the downward move to its expectations that supply growth will outpace demand growth across in 2016 by more than two per cent, which will in turn suppress freight rates, particularly in the dry bulk and containership [...]
