WHO urges more countries to adopt levy on sugary drinks to curb obesity and type 2 diabetes October 11, 2016 More countries should adopt a 20 per cent or more tax on sugary drinks to drive down consumption, the World Health Organization (WHO) has urged in a new report today. Fiscal policies that lead to at least a 20 per cent increase in the retail price of sugar-sweetened beverages such as fizzy drinks, fruit drinks from [...]
Lobster roll craze drives wholesale prices of the crustacean to an 11-year high October 11, 2016 Wholesale lobster prices have hit an 11-year high following a burst in popularity in lobster rolls and the now-affordable luxury gracing the menus of more and more casual dining chains. Lobster is now worth $6 (£4.80) a pound, according to US data group Urner Barry. Read more: Lobster and burgers folks… That's it Groups such as B.O.B [...]
Rosneft boss says he will not comply with output freeze as oil prices lose some of yesterday’s gains October 11, 2016 Oil prices nudged down slightly this morning after hitting a 14-month high yesterday on indications Russia would take part in an Opec production cut. However, despite Vladimir Putin's remarks that an output cut is likely to be the "only right decision" to maintain stability in the global energy sector, this morning one of Russia's top oil bosses has [...]
Hillary Clinton takes 14 point lead over Donald Trump in poll October 11, 2016 Democratic Presidential nominee Hillary Clinton has taken a double-digit lead over her Republican rival Donald Trump, according to a new poll. A new survey carried out for the Wall Street Journal and NBC News over the weekend found Clinton on 46 points to Trump's 35. However, during the head-to-head debate on Sunday the gap between the two [...]
BP abandons exploration drilling programme in Great Australian Bight offshore South Australia October 11, 2016 BP has abandoned plans to drill for oil in the commonwealth marine park the Great Australian Bight (GAB), offshore South Australia. The oil major said the decision not to proceed with the exploration drilling programme followed a review of its upstream strategy and that the GAB project will not be able to compete for capital investment [...]
Ted Baker’s share price rises as retailer hikes dividend and posts 21 per cent profit October 11, 2016 Retailer Ted Baker has shrugged off "challenging trading conditions" to hike its dividend and post robust double-digit profit growth in the first half of the year. The figures Revenue at the clothes and accessories maker rose by 14.4 per cent to £259.5m in the 28 weeks to 13 August, while profit before tax grew by 20.5 per cent [...]
Megabrew is done: AB InBev’s £79bn takeover of SABMiller completes October 11, 2016 Anheuser-Busch InBev completed its tie-up with British drinks behemoth SABMiller last night, combining to form the world's biggest brewer in a £79bn merger. The new company, which will continue to trade under AB InBev's name, will have operations "in virtually every major beer market". AB InBev chief exec Carlos Brito said: As a truly global brewer, we [...]
Pure Gym avoids overstretch as it confirms it has pulled the plug on a £190m London IPO October 11, 2016 Pure Gym confirmed this morning it has abandoned plans to proceed with an initial public offering (IPO), citing concerns about a "challenging" and volatile market. The company, which is the UK's largest gym operator, announced it was planning a £190m share sale in mid-September. Pure Gym had planned to use the proceeds to repay its existing [...]
Samsung shares slide as electronics giant halts Galaxy Note 7 sales on exploding battery concerns October 11, 2016 Shares in Samsung were down 6.7 per cent this morning after the South Korean electronics giant halted sales of its Galaxy Note 7 smartphone and urged customers to switch off their devices. The company has asked all global carriers to stop selling the Note 7 devices and halt exchanges of the original device for replacements, while it works [...]
Megabrew: Anheuser-Busch InBev and SABMiller tie-up due to close today October 10, 2016 The £79bn Megabrew merger between Anheuser-Busch InBev (AB InBev) and SABMiller is due to become effective this evening, closing one of the UK's largest ever corporate deals. The tie-up is due to come into effect at or around 7pm this evening (8pm Brussels time) and shares in the newly-merged company will list on Euronext Brussels, [...]
