Emerging markets drive sales increase for SABMiller January 21, 2014 SABMiller, the world's second-largest brewer, has announced an increase in worldwide sales with domestic volumes in the UK up nine per cent led by Peroni Nastro Azzurro. Net producer revenue of four per cent for the third quarter. Total beverage volumes grew by two per cent for the third quarter on an organic basis, with [...]
Germany falls out of love with renewable energy January 20, 2014 Germany is planning to cut its renewable energy subsidies by up to a third by 2015, according to plans from the minister of economics and energy Sigmar Gabriel. Under the draft proposals the feed-in tariffs paid to renewable power generators will be slashed to an average of €0.12 per kilowatt hour (kWh) by 2015 from [...]
EU commission to take on member states over migrant tax discrimination January 20, 2014 European Union member states are set to face increased scrutiny to ensure their tax regimes do not penalise citizens who work or reside outside their country of origin. The European Commission has identified tax discrimination as one the major barriers preventing EU citizens from leaving their home country and looking for employment elsewhere. The Commission [...]
The three technologies that are set to win 2014 January 20, 2014 Markets should prepare themselves for an "upgrade wave" due to the huge potential of wearable technology, Ultra High Definition (UHD) TV and the acceleration of innovative automobiles, according to investment banking firm Numis. In the wake of the annual Consumer Electronics Show a host of new technologies are preparing to burst onto the scene innovating [...]
EU could still put a stop to UK shale gas January 17, 2014 Brussels could be on the verge of launching an investigation into the UK's plans to incentivise the drilling of shale gas. In a Twitter conversation on 14 January, EU competition commissioner Joaquin Almunia, told a EurActiv reporter that investigations would take place if needed. @ArthurNeslen If needed, they will be investigated indeed — joaquin almunia [...]
How a new contact lens will free diabetics from regular blood tests January 17, 2014 A smart contact lens could be on its way to help diabetics, by entirely replacing the need for regular blood tests. The lens uses miniaturised sensors and a wireless transmitter to measure the amount of glucose in a patient's tears. Google X laboratory's device has already gone through a series of clinical research studies – [...]
Cut taxes to save bingo say MPs January 17, 2014 The Bingo Association says that taxes on the game are excessive compared to competitors in the gambling industry and are contributing to the rapid decline of bingo clubs. Profits from bingo halls are taxed at 20 per cent, five percentage points more than bookmakers and eight percentage points more than lottery tickets. A cross party [...]
Shell issues warning of “significantly” lower profits January 17, 2014 Royal Dutch Shell was trading four per cent lower this morning following the announcement that the company could see significantly lower profits than recent levels, due to falling oil prices and the rising costs of exploration. Fourth quarter adjusted earnings in the period on a current cost of supply basis would be $2.9bn (£1.3bn). Ishaq [...]
Online betting pays out for William Hill January 17, 2014 Bookmaker William Hill reported strong growth with sports betting and sportsbook leading the way, in its trading statement for the 13 weeks from 2 October to 31 December. Online net revenue increased by 14 per cent, benefitting from improvements to mobile gaming. Ralph Topping, chief executive of William Hill, commented: Q4 proved a strong end [...]
Tata Europe boss calls on the government to slash energy bills January 16, 2014 Steel boss Karl Koehler has called on the government to slash energy bills. The CEO of Tata Steel Europe said that heavy industries need help to deal with rapidly rising costs. Speaking at a conference in London, Mr Koehler argued that revitalising these sectors could play a major part in rebalancing of the UK economy. [...]
