The times they are a changin’: Songwriter Bob Dylan wins 2016 Nobel Prize for Literature October 13, 2016 Singer-songwriter Bob Dylan has been awarded the 2016 Nobel Prize for Literature for "having created new poetic expressions within the great American song tradition". Dylan moved to New York in 1961 to perform in clubs and cafes in Greenwich Village and shortly after met the record producer John Hammed, with whom he signed a contract for [...]
Face-to-face meetings boost London’s economy by £54bn a year October 13, 2016 The London economy receives a boost to the tune of £54bn a year from businesses conducting face-to-face meetings when trying to secure business, new research shows. When a London-based company conducts an in-person meeting with another business or client, it stands to gain an average income boost of £248,100 per year and £54bn across the region, [...]
A lot of fizz: Warning from Face the Facts, Can the Tax group that sugar tax could fuel illicit soft drinks trade October 13, 2016 A British soft drinks industry campaign group has brought a whole new meaning to coke today after it claimed the sugar tax could fuel the illegal fizzy drinks trade. Concerns have arisen from the prospect of a minimum tax threshold for importers, which would permit some product to be imported tax free into the UK. Read more: TaxPayers' [...]
Brent crude and West Texas Intermediate oil prices fall as US crude inventories rise for the first time in six weeks October 13, 2016 Oil prices have edged down this morning after data from the American Petroleum Institute (API) showed the first rise in US crude stockpiles for six weeks. The API figures, released yesterday, showed a 2.7m barrels build last week. Analysts had expected a 2m barrel build. Brent crude, the global benchmark, was down 0.21 per cent [...]
Game Digital share price lifts slightly despite fall in profit before tax of more than 80 per cent October 13, 2016 It's not all fun and games over at retailer Game Digital today, where both profits and revenue have fallen over the past year. The figures Profit before tax at the high street game seller plummeted 81 per cent to £4.9m in the 53 weeks to 30 July, down from £25.8m in 2015 as Game struggled [...]
EY reaches settlement over long-running $7.3bn Nortel Networks bankruptcy saga October 13, 2016 A settlement has been reached in the long-running global insolvency of Canadian telecoms giant Nortel Networks' European-based companies. Three groups of creditors, including 33,000 UK pensioners, Canadian pensioners and US bondholders, had been unable to agree who gets what from the $7.3bn (£6bn) to be distributed since the company’s collapse seven years ago. The battle has been over [...]
More controversy for Donald Trump’s campaign as two women claim he touched them inappropriately October 13, 2016 The latest scandal engulfing Donald Trump's White House bid has intensified after two women told the New York Times the Republican presidential nominee touched them inappropriately. One woman, 74-year-old Jessica Leeds, said Trump grabbed her breasts and attempted to grope her on a flight three decades ago, while another, then 22-year-old Trump Towers receptionish Rachel Crooks, said the nominee kissed her [...]
Domino’s Pizza worst FTSE 250 performer as like-for-like sales slowdown takes a bite out of its share price October 12, 2016 Domino's Pizza has been the worst performer in the FTSE 250 so far today after its posted a slowdown in like-for-like sales in its key UK business. The figures Like-for-like growth at the takeway giant's UK store base grew 3.9 per cent to £220.9m in the 13 weeks to 25 September. In the same period of [...]
Stock Spirits gulps down three Czech vodka and gin brands Prazska, Nordic Ice and Dynbyl from Bohemia Sekt October 12, 2016 London-listed vodka and liqueur maker Stock Spirits has gulped up three spirits brands from Bohemia Sekt for 135m Czech koruna (£4.5m) in a bid to expand its business in the Czech Republic. Stock Spirits has swallowed up Prazska vodka, Nordic Ice vodka and Dynbyl, the country's best-selling domestic gin. The brands will be distributed and marketed by [...]
Sterling falls back after posting early morning gains October 12, 2016 The pound fell back in afternoon trading today, slipping below $1.22 after an early morning rally saw it reverse yesterday's hefty losses. Sterling hit a low of $1.2086 late last night after American traders took a decidedly pessimistic view on the currency, wiping two cents off sterling in a matter of four hours. After investors' fears [...]
