Andrea Leadsom apologises to Theresa May over motherhood comments July 11, 2016 Andrea Leadsom has apologised to Theresa May after saying motherhood would give her an "edge" in the Conservative leadership race and make her a better prime minister. Leadsom has insisted the comments, made in an interview with the Times on Saturday, were misquoted. "I've already said to Theresa how very sorry I am for any [...]
Sugar tax will leave soft drinks jobs and Treasury income with crashing low July 11, 2016 It seems a spoonful of sugar will make jobs and Treasury income go down. More than 5,500 jobs could be under threat if the sugar tax has the same effect as it did in Mexico, according to research from the Taxpayers' Alliance. The TPA has called on the government to abandon the levy on soft [...]
How to revive the music industry: Imogen Heap explains why blockchain could bring about a music revolution July 10, 2016 Whether we stream it through our smartphones or buy tracks from our laptops, technology has made music more accessible than ever before. For consumers, this is good news. But for the music industry, it’s a different story. In 2015, the British Phonographic Industry (BPI) estimates music consumption increased 3.7 per cent and streaming grew a whopping [...]
German rival Thyssenkrupp confirms it is in talks with Tata Steel over European collaboration July 10, 2016 German steelmaker Thyssenkrupp AG has confirmed it is in collaboration talks with Tata Steel. On Friday, Tata Steel announced it had paused the sale of its UK assets and was holding talks with potential partners, including Thyssenkrupp, about “alternative and more sustainable” models for its European business. Tata said it was reviewing its sale options “in [...]
Bitcoin reward for miners falls 50 per cent following Saturday’s halving July 10, 2016 The number of bitcoins generated by the digital process known as mining halved on Saturday. Rather than being issued by a central authority, bitcoins are “mined” by solving complex mathematical problems. These were previously released in blocks of 25, but this has now been halved to 12.5. There is a hard cap of 21m bitcoins, [...]
Rolls-Royce chairman to stay on for second term despite company turbulence July 10, 2016 Rolls-Royce chairman Ian Davis has signed up for a second three-year stint at the aero-engine manufacturer. Davis, who started in the role in 2013, had his contract renewed in February until March 2019. Last July, he appointed the Derby-based firm’s present chief executive, Warren East, who has been praised for stabilising the company after a challenging [...]
UK bookies are set to take £100m in wagers today on sports “Super Sunday” of Wimbledon, F1 and Euro 2016 July 10, 2016 Even if Andy Murray doesn't win at Wimbledon today, UK bookmakers will still have something to celebrate. Bookies are set to take as much as £100m today on what's been dubbed a sports "Super Sunday", according to William Hill. Murray will take on Milos Raonic at the Wimbledon finals, Lewis Hamilton and Nico Rosenberg will vie for first [...]
Britons will add £9m to their energy bills this summer just to watch sports July 8, 2016 Energy providers may have more to cheer about than British sports fans this summer. A new study has found the UK's sports fans will add more than £9m to the nation's energy bills from binge-watching their favourite sports on TV, despite England crashing out of the Euros. But a host of other spectacles will see the average [...]
Mars Food bakes £23m investment for UK Uncle Ben’s rice factory July 8, 2016 Mars Food UK has cooked up a £23m investment it will plough into its Uncle Ben's rice factory in King's Lynn. The funds will be put towards a new production line and completed in early 2017. Nearly 300 are already employed at the site and the expansion will create a further 28 full-time roles. Michael Ryan, [...]
Craft brewers and English wine could be winners as drinks industry is shaken and stirred by the Brexit vote July 8, 2016 Craft beer brewers and English wine makers could be some of the drinks industry winners from the UK’s vote to leave the EU, according to research from Rabobank. The surprise Brexit vote will have "critical implications" for the wine industry, Rabobank said in a report released today. The UK is the world's largest importer of wine, [...]
