Shepherd Neame toasts acquisition of eight home counties-based Enterprise Inns pubs June 13, 2016 Kent-based pub and beer company Shepherd Neame is today toasting its acquisition strategy after the family business took over eight home counties pubs owned by Enterprise Inns. The UK's oldest brewer announced today it had exchanged contracts for the Enterprise freehold pubs based in Kent, Sussex and Surrey. In a separate transaction, the company also reached an [...]
Cisco and Manchester Science Partnerships launch innovation centre in the North of England June 13, 2016 Cisco has taken another step forward in its five-year plan to plough $1bn (£701m) into the UK's tech sector with the launch of a major innovation centre in the North of England. The global IT giant has formed a joint venture with the public-private enterprise Manchester Science Partnerships (MSP) to open the Mi-IDEA (Manchester Inspired – Innovation Digital Enterprise [...]
The global defence trade reached a record-breaking $65bn in 2015, fuelled by Middle East and Southeast Asia June 13, 2016 In another year blighted by conflict in which the world became quantifiably less peaceful, the global defence trade grew to a record-breaking $65bn (£46bn) in 2015. What's more, this figure is set to rise to $69bn this year, driven by the Middle East and Southeast Asia, according to figures released today by IHS. The market for weapons [...]
This £5 supermarket Malbec has been named the world’s best red wine June 13, 2016 It looks like it's officially time to embrace supermarket plonk, after Asda rode to a surprise victory with one of the world's best red wines at the Decanter World Wine Awards. The supermarket toasted the success this weekend of its Chilean La Moneda Reserva Malbec after it won the top prize in the single-varietal red under £15 category at the awards, [...]
Bitcoin price smashes $600 barrier and leaps to trade above $650 in one day June 13, 2016 The recent bitcoin price rally continued in full force this weekend, as prices smashed through the $600 (£421) mark and rose to trade above $650 in a single day on Sunday. Yesterday the price of a single bitcoin reached highs of $652.54, according to CoinDesk. By the evening, the cryptocurrency was still trading up more than [...]
Evidence from Mexico shows sugar tax won’t be a cure for calorie intake, according to a new study from the TaxPayers’ Alliance June 13, 2016 Evidence from Mexico’s sugar-sweetened beverage tax shows the UK's sugar levy is unlikely to have any "meaningful impact" on calorie intake, the TaxPayers' Alliance (TPA) has claimed. If the tax on sugar-sweetened beverages had the same effect in the UK as it did in Mexico, average UK daily soft drink consumption would fall by between 5.4 millilitres and [...]
Degrees still preferred over apprenticeships in London, while latter suffers from an image problem in the eyes of young people, parents and employers June 13, 2016 Apprenticeships are struggling to compete with university qualifications in London, according to research released today by the business support organisation Interserve. Work-based learning programmes, including apprenticeships, are suffering from an image problem in the eyes of young people, parents and employers, and still lag behind academic degrees that are viewed to be more prestigious, Interserve's study [...]
Poundland faces profit plunge after delayed takeover of 99p Stores last September June 12, 2016 Discount retailer Poundland might need a few quid as it braces for a plunge in profits this week. The company’s full-year results have been dragged down by its delayed takeover of high-street rival 99p Stores. Earnings per share are forecast to fall almost 43 per cent, from 15.01p to 8.58p per share, when the company [...]
Walmart Canada to stop accepting Visa payments from July over “unacceptably high” fees June 12, 2016 Walmart's Canadian arm has said it will no longer accept Visa cards in its stores after the retail giant failed to reach a deal with the company over its "unacceptably high" fees. Following an evaluation of credit card transaction fees in both Canada and the rest of the world, the charges applied to Visa transactions [...]
