Employers vastly underestimate how much time their employees take off work September 26, 2016 Many employers vastly underestimate the amount of time their employees may need to take off work in long-term absences each year, according to figures released today by Legal & General. Although 40 per cent of employers estimate their staff will take an average of four to five days off sick each year, almost a fifth of [...]
Ristorante Frescobaldi’s Florentine wine success set to go global September 26, 2016 There are many foodies who would argue London has the most competitive restaurant scene in the world. The number of food-led sites in the capital has increased by almost a fifth over the last five years alone, according to figures from Market Growth Monitor, leaving new restaurants and pop-up organisers vying for competition more than [...]
SABMiller and AB InBev wait with bated breath for £79bn megabrew deal ahead of SAB shareholder vote on Wednesday September 25, 2016 SABMiller investors will cast their votes this week on a deal which, if passed, will be the UK’s largest ever corporate merger. The deadline for proxy votes on Anheuser-Busch InBev’s (AB InBev) £79bn takeover bid will close tomorrow morning, while shareholders will also be able to vote in-person at the company’s High Court meeting on Wednesday. The [...]
Funding Circle: Global expansion almost doubles losses at fintech unicorn and peer-to-peer lender Funding Circle September 25, 2016 Losses have almost doubled at fintech unicorn and lending platform Funding Circle, City A.M. understands. The peer-to-peer lending group is set to post a full-year loss of £36m when it publishes its accounts on Tuesday, after expanding into Europe and the US ate into profits. However, revenues at the firm, which was founded in 2010 [...]
The Brexit vote boosted fine wine sales so much the market is running out, according to BI Fine Wine and Spirits Merchant September 25, 2016 The Brexit vote has breathed so much life into the UK’s fine wine scene that it is beginning to drain the market of available stock, according to wine merchants BI. Sales at BI have risen by 26 per cent since the June referendum when compared with the same period of 2015, after the dip in [...]
This is why freemen of the City of London are driving sheep across London Bridge today September 25, 2016 If you cross London Bridge today, among the cyclists, buses and taxis, you might be taken aback (or perhaps a-baah-ck) to see a few sheep as well. This isn’t some kind of Home Counties invasion – instead it’s the annual London Sheep Drive, in which hundreds of the City of London’s freemen get to exercise [...]
UK has the chance to be a leader in safer vice products post-Brexit such as e-cigarettes and synthetic alcohol, Adam Smith Institute argues September 23, 2016 The UK has the opportunity to become a “world leader” in reducing the risks of smoking and drinking by slashing regulation around safer vice products, a new paper has argued. Think tank the Adam Smith Institute (ASI) has recommended the government replaces “self-defeating regulation” on products such as e-cigarettes and hangover-free synthetic alcohol with a system [...]
Sales at Aim-listed Liverpool FC nutrition supplier Science in Sport rise by almost a quarter in first half September 22, 2016 Sales at Aim-listed fitness nutrition group Science in Sport raced ahead to grow by almost a quarter in the first half of this year. The figures Revenues at the firm, which is the official sports nutrition partner to Liverpool Football Club, increased 24 per cent to £6.48m in the six months to 30 June. E-commerce and third-party [...]
Burgundy wine price hike more likely as survey estimates yields could fall by more than a quarter September 22, 2016 The likelihood of wines from the Burgundy region of France facing a price hike has increased further after a survey has found yields could dip by up to 27 per cent for some producers. A survey among winegrowers in Burgundy suggested "a dip in yields of 20 to 27 per cent compared to the average", [...]
Majestic Wine share price fails to regain much fizz following profit warning yesterday September 22, 2016 Shares in Majestic Wine have failed to regain their fizz today after the announcement of a profit warning yesterday sent the booze merchant's stock plummeting by nearly a quarter. Majestic's stock failed to make significant gains today, with shares in the wine specialist trading just 1.4 per cent higher this afternoon to 334.72p. At the market [...]
