Choc Horror: Hotel Chocolat’s ‘Chocmobile’ found burnt out August 12, 2019 Hotel Chocolat has been left with a bitter taste in its mouth after police found its stolen ‘Chocmobile’ burnt out in Bedfordshire. Officers found the distinctive black van at roughly 9am today in Kempston Hardwick on the outskirts of Bedford. Read more: Hotel Chocolat goes into meltdown over missing Chocmobile The Chocmobile, which was used [...]
CBS and Viacom ‘in final stages’ of merger talks August 12, 2019 CBS and Viacom are said to be in the final stages of talks over an all-stock merger that values Viacom at a discount to its closing price on Friday. Viacom shareholders will receive just over 0.595 shares in CBS for each share they own, Reuters reported, citing two sources. Read more: Viacom launches on-demand streaming [...]
O2 complains 5G spectrum auction unfairly favours rival Three August 12, 2019 Mobile operator O2 has warned Ofcom that its plans to auction spectrum for the UK’s 5G network unfairly favour rival Three. O2 has urged the regulator to change the conditions of its auction to ensure mobile companies can compete fairly and consumers have access to the highest-quality network. Read more: O2 will launch 5G network [...]
Luxury car imports jump as super-rich look to swerve Brexit costs August 12, 2019 The number of luxury car imports has risen sharply over the last year, as wealthy individuals rush to bring high-end motors to the UK ahead of a potential no-deal Brexit. A total of 3,830 cars were imported in the last financial year, up 16 per cent on the previous 12 months, according to law firm [...]
Hot weather helps pubs and restaurants post modest monthly sales growth August 12, 2019 British pubs and restaurant groups enjoyed increased sales in July, as eateries showed signs of recovering from poor trading last summer. Restaurant groups posted a 3.8 per cent increase in like-for-like sales compared to last July, when hot weather and the football World Cup took their toll on business. Read more: Restaurants eat into retailers’ [...]
Physical entertainment sales slump amid shift to streaming August 12, 2019 The physical entertainment market declined by almost a fifth over the last quarter, as the growing popularity of streaming services continues to impact traditional formats. Sales of CDs, DVDs and video games dropped 19 per cent in the 12 weeks to the end of June, as a reduction in shopper numbers was compounded by a [...]
Business groups hit back over £36k migrant salary proposals August 11, 2019 Business groups have slammed proposals to raise the salary threshold for immigrant workers to £36,700 after Brexit, warning the move would harm British companies. Home secretary Priti Patel has been urged to increase the proposed salary minimum of £30,000 for all new foreign workers in a bid to protect lower skilled, UK-born employees. Read more: [...]
US security adviser John Bolton to lobby UK over Huawei stance August 11, 2019 US national security adviser John Bolton has arrived in London for talks at which he is expected to urge Britain to take a tougher stance against Chinese tech firm Huawei. Bolton is set to take part in two days of talks, as US President Donald Trump looks to strengthen ties with the new government under [...]
The EU should not underestimate the City’s status August 8, 2019 Just how much is a reputation worth? As the UK prepares to leave the EU, status could be key for the City. A report published today by the Central Bank of Ireland found that even in the worst Brexit scenario, London will remain a leading global financial centre – and the biggest in Europe. The [...]
Cineworld sets hopes on The Lion King as first half revenue drops August 8, 2019 Cineworld has posted a sharp drop in revenue for the first half, which it blamed on the unfavourable timings of major film releases. The cinema chain reported revenue of $2.2bn (£1.8bn) in the six months to the end of June, down 11 per cent on the same period last year. Read more: Cineworld maintains guidance [...]
