Irish government gearing up to introduce sugar tax on soft drinks September 6, 2016 The sugar tax announced by former chancellor George Osborne's looks like it's catching on, with the Irish government expected to introduce a similar levy on soft drinks in its upcoming budget next month. Although minister for finance Michael Noonan is believed to be gearing up to announce the levy within weeks, its implementation may be delayed for a [...]
Pret a Manger is eyeing up bringing its veggie pop-up to the City as Soho branch is made permanent September 6, 2016 Lunchtime staple Pret a Manger is set to bring its green makeover to the City after the "overwhelming success" of its first vegetarian branch in Soho. Pret opened its Veggie Pop-Up store on Broadwick Street on 1 June, initially intending to keep it open for a month. However, after a boom in demand for its [...]
Sia Partners expands into UK and US after snapping up London-based oil and gas consulting firm Molten Group September 1, 2016 International consulting group Sia Partners has snapped up London-based rival Molten Group in a bid to expand its oil and gas practice in the UK and US. Sia will integrate Molten with its London office in the UK and will keep Molten's Houston, Texas, office in the US, bringing it under the Sia brand. Molten was founded in [...]
This is how much unproductive meetings are costing the UK’s economy September 1, 2016 As the summer holidays have wound up, this week has been beset by a distinct "back to school" atmosphere. But for us big kids in the world of work this has meant not just returning to our jobs, but also to those many, many meetings. We might tell ourselves the minutes of sitting around, verbally [...]
Absolut Vodka maker Pernod Ricard edges up profits but struggles in China September 1, 2016 French drinks giant Pernod Ricard has posted a healthy boost in net income but struggled to maintain sales in the Chinese market, pushing its sales almost flat over the year as a whole. The figures Net income grew 43 per cent to €1.26bn (£1.05bn) over the 2016 financial year. Sales for the full-year grew one per cent [...]
Coke-a Cola left red-faced after 370kg of cocaine found in French factory September 1, 2016 The Coca-Cola Company has been left red-faced today after a huge stash of cocaine was found in one of its factories in the south of France. Employees found the stash of the white stuff, weighing 370kg, in a delivery of orange juice concentrate from Costa Rica at a site belonging to one of its subsidiaries. The sacks of [...]
Back to school: From Postcapitalism to The Silk Roads, these are the business books you need to read this year September 1, 2016 Schools are returning and the City is beginning to wake up after the summer – but have you finished your holiday reading list? Whether you're returning from a summer break or just quickly boning up before school starts, here are the five business books you should have read this summer: 1. Shoe Dog: A Memoir by the Creator [...]
Brent crude and West Texas Intermediate oil prices slide on latest US stockpile increase August 31, 2016 Another surprise rise in US stockpiles pushed the price of Brent crude below $48 this afternoon. The global benchmark slid 2.46 per cent in afternoon trading to $47.18, while the price of West Texas Intermediate was down 2.91 per cent to $45. The US Energy Information Administration (EIA) said this afternoon that crude stockpiles had risen for a second straight week, up [...]
Private equity group NorthEdge scoops up Millionaires’ Holiday Club company ITC Luxury Travel for £30m August 31, 2016 The luxury holiday company at the centre of the BBC documentary series The Millionaires' Holiday Club has been bought by NorthEdge capital in a deal thought to be worth around £30m. NorthEdge has bought a majority stake in Chester-based ITC Luxury Travel Group following a management buyout by current chief executive Jen Atkinson and her senior team. [...]
September is the new January for resolution-savvy Britons as the “back to school” mentality lives on August 31, 2016 If you've been feeling a pang of the old "back to school" feeling, rest assured – you're not the only one. The end of summer inspires Britons to get "back to life" after the holidays with a wave of self-improvements, making September a "secret new year", according to research from Pinterest. "September is becoming the new January with people [...]
