Shepherd Neame raises glass to Enterprise Inns home counties pubs acquisition June 28, 2016 Britain's oldest brewer, Shepherd Neame, has completed the acquisition of seven out of eight pubs from pubco Enterprise Inns. The Kent-based brewer, pub and hotel operator has purchased the seven pubs in Kent, Sussex and Surrey from Enterprise in a deal that was announced earlier in June. The completion takes Shepherd Neame's total number of [...]
Challenger bank Shawbrook’s shares plunge as it books £9m impairment charge on underwritten loans June 28, 2016 Challenger bank Shawbrook had more than 20 per cent shaved off its share price when markets opened this morning after it announced an additional impairment charge of around £9m in the second quarter. The charge is the result of "a number of loans" being underwritten in the company's Asset Finance division that did not meet lending [...]
Work and Pensions and Business, Innovation and Skills Select Committees continue to quiz Richard Caring on BHS demise June 27, 2016 The two parliamentary select committees investigating BHS have deepened their inquiry into clothing tycoon and restaurateur Richard Caring. The Work and Pensions and Business, Innovation and Skills (BIS) select Committees have written to Caring for a second time, asking 20 further questions related to his business dealings with Sir Philip Green, Lady Green and BHS. [...]
Italians worry the UK might buy less prosecco in the wake of Brexit vote and the fall in Sterling June 27, 2016 Italian prosecco producers have been spooked by the UK's vote to leave the EU last week, worrying that the hit to the pound could "upset" trade and send sales flat. In a statement released last week Coldiretti, the association of Italian food producers, warned that the devaluation in Sterling could disrupt Britain's place as the [...]
E-cigarette industry body seeks government meeting to changes to EU vaping regulations in the wake of Brexit vote June 27, 2016 An e-cigarette industry body will seek talks with the government to discuss whether EU vaping legislation can be renegotiated in the wake of last week's Brexit vote. The Independent British Vape Trade Association (IBVTA) told City A.M. that although the European Union's Tobacco Products Directive (TPD) was transposed into UK law in May, the organisation [...]
Diageo’s share price is up as sin stocks hold firm amid Monday stock market turmoil June 27, 2016 Diageo investors will be toasting their stocks today as the alcoholic drinks maker was one of the strongest FTSE 100 risers on Monday. By 1.30pm (GMT) Diageo was the sixth-highest riser, with its shares gaining 2.3 per cent to reach 1,922p, on a day when banking giants Barclays and Royal Bank of Scotland both fell more than 10 [...]
Labour Party turmoil: Shadow business secretary Angela Eagle resigns June 27, 2016 The shadow business secretary, Angela Eagle, has become the latest high-profile Labour MP to step down from Jeremy Corbyn's cabinet today. "I am devastated by the result of the EU referendum," Eagle said in her resignation letter to Jeremy Corbyn this afternoon." She continued: "Too many of our supporters were taken in by right-wing arguments and I [...]
Your Monday coffee boost: There is now a Nespresso cafe in the City of London June 27, 2016 Coffee connoisseurs in need of a boost this Monday need look no further than the new Cafe Nespresso, which opened its doors today on Cheapside in the City of London. At the first UK cafe pilot, following a successful trial last year in Vienna, fans can be treated to non-alcoholic coffee mocktails including rose cappucino, [...]
Almost 6,000 people have signed up to the Lib Dems since Brexit vote was announced June 27, 2016 While the Labour Party is in turmoil this morning and the Conservatives are readying for a leadership change, the Liberal Democrats have cashed in on new members since the UK voted to leave the EU last Thursday. More than 4,000 people joined the party immediately after polling day and new sign-ups are still "soaring", a [...]
Brexit: These are the foods, drinks and other products that could lose their protected name status June 27, 2016 Sterling has already suffered, housing stocks are down and bank shares have taken a toll since the UK voted for Brexit in last Thursday's referendum. But in our day-to-day lives it's the foodstuffs, drinks and wool that we proudly identify as British that could now lose their protected status, which means only products made in a specific [...]
