Halewood International acquires neat 50 per cent stake in Pogues Whiskey March 17, 2016 Halewood International has acquired a 50 per cent stake in The Pogues Irish Whiskey. The Halewood Group, the UK's leading independent drinks manufacturer and distributor, struck the deal with the Irish band, The Pogues in February. The members of the band, Shane MacGowan, Jem Finer, Andrew Ranken, Spider Stavy, James Fearnley, Terry Woods and Darryl Hunt, will retain [...]
Odds are Cheltenham week will boost bookies’ transactions by 50 per cent says Worldpay March 17, 2016 This week's Cheltenham Festival could see online bookies process more than 50 per cent more betting transactions this week, according to global payments provider Worldpay. Estimates from the 2015 event suggest that bookmakers saw a phenomenal 47 per cent rise in transactions during the four-day festival, as racing fans sought to beat the bookies. The climax of the [...]
Toshiba share price takes hit as US arm faces accounting investigation on same day as it sells Toshiba Medical System Corporation to Canon for £4.2bn March 17, 2016 Japanese electronics maker Toshiba Corp is under investigation by the US over allegations the company hid $1.3bn (£906m) in losses at its nuclear power operations. The company share price dropped more than eight per cent during afternoon trading in Japan following news of the probe by the Justice Department and the Securities and Exchange Commission, who are investigating whether serious [...]
Brits have around £343m in loose change lost around their homes, new study by Yale finds March 17, 2016 Think you might have some spare pennies lying around the house to buy the Sunday papers with? You're not the only one – loose change scattered around Britain's homes totals almost £343m, according to new research by locksmith and home security specialists Yale, reports SWNS Digital. The study of 2,000 Brits found the average person has £12.70 in small [...]
Not so sweet: Tate and Lyle share price drops after sugar tax announcement… despite not owning a sugar business anymore March 16, 2016 Despite no longer owning a sugar company, Tate and Lyle's share price took a tumble immediately after the announcement of a surprise sugar tax in today's Budget speech. George Osborne announced the levy against soft drinks during his speech in the Commons today and, although the company sold its sugar business almost six years ago, Tate and Lyle [...]
Budget 2016: Chancellor to introduce surprise sugar tax on soft drinks in two years’ time March 16, 2016 George Osborne has announced the government will introduce a surprise new levy on the sugar drinks industry that will come into effect in two years' time. A sugar tax was widely considered to not be making an appearance in the Budget, with other strategies thought to take precedence in the government's fight against childhood obesity. Citing [...]
E-cigarettes could face ban in public places where children are present in Welsh Assembly vote today March 16, 2016 A landmark vote in Wales today could lead to e-cigarettes being banned in public places where children and young people are present by early 2017. The Public Health (Wales) Bill will restrict all nicotine-inhaling devices being used in areas such as schools, places where food is served, all shops except specialist tobacconists, hospital, libraries zoos [...]
Megabrew latest: AB InBev brewing six-tranche euro-dominated bond deal of at least $6bn to help fund SABMiller acquisition March 16, 2016 The world's largest brewer Anheuser-Busch InBev (AB InBev) is embarking on a jumbo euro bond deal to pave the way for the megabrew merger to complete. AB InBev is planning to issue a six-tranche, euro-dominated bond deal with maturities ranging from four to 20 years in length, with each tranche expected to be at least [...]
Construction of new homes needs to rise “five-fold” to meet right to buy pledge warns National Audit Office March 16, 2016 The construction of new homes will need to increase "five-fold" to meet the government's one-for-one pledge through the right to buy scheme. The National Audit Office (NAO) has warned MPs in written evidence supplied to the Public Accounts Committee (PAC) that the current proposals in the Housing and Planning Bill to give 1.3m housing association tenants the right to buy their [...]
Government faces calls from Labour to replace newly-appointed Pubs Code Adjudicator March 15, 2016 The government has come under more criticism for its recent appointment of Paul Newby as the first Pubs Code Adjudicator (PCA) and faced calls from Labour to find a replacement candidate. The new PCA, whose appointment was announced by small business minister Anna Soubry during a parliamentary reading last Wednesday, will enforce the new Pubs [...]
