Heineken ‘doing everything’ to avoid beer shortages ahead of strikes August 13, 2021 A drinks giant has said it will take mitigation measures to avoid a beer drought when delivery drivers take industrial action later this month. Beer draymen employed by GXO Logistics Drinks will strike over pay disagreements with some 1,000 individuals across 26 sites to participate. GXO Logistics Drinks is responsible for about 40 per cent [...]
Credit Suisse bolsters risk oversight to prevent future Greensill scandals August 13, 2021 Credit Suisse is bolstering its internal controls to prevent future scandals in a bid to repair the damage inflicted on its reputation by the Greensill and Archegos affairs. Switzerland’s second largest bank is adding two new risk experts to its non-executive board. New chairman Antonio Horta-Osorio has made strengthening risk oversight his main priority after [...]
Nicola Sturgeon calls for review of controversial North Sea oil field August 13, 2021 Nicola Sturgeon has today written to Boris Johnson calling for a review of a controversial plan to drill a new oil field off the west coast of Shetland. She said that drilling licenses for fields such as Cambo should “be reassessed in light of the severity of the climate emergency we now face”. Although the [...]
Avon Protection shares plunge a quarter as firm slashes guidance August 13, 2021 Personal protection maker Avon today saw its shares plummet 25 per cent after it cut its revenue guidance for the next two years. The FTSE 250 firm said that a combination of supply chain disruption and delayed orders was at fault. After an hour of trading, shares in the firm were down 25.4 per cent [...]
UK competition watchdog investigating ‘immediate’ government action on PCR test prices August 13, 2021 The UK competition regulator has said it is exploring what immediate action the government can take to quash the hugely variable prices charged by private providers of Covid PCR tests for travel, after the health secretary, MPs and the travel industry called for an intervention. In a statement published yesterday, the Competition and Markets Authority [...]
Deputy leader of council resigns as Marble Arch Mound costs hit £6m August 13, 2021 The Deputy leader of Westminster Council has resigned after costs for the Marble Arch Mound reached £6m – almost double the amount forecast. The Mound, which opened on July 26th, was heavily criticised by visitors who were charged to climb the 25-meter, muddy heap before construction was finished. Ticket holders have received refunds and the [...]
RedCat acquires The Coaching Inn Group for undisclosed sum August 13, 2021 Former Greene King boss Rooney Anand has announced he will acquire The Coaching Inn Group under his investment vehicle. Red Cat will take on the estate of 18 sites for an undisclosed sum. The Coaching Inn Group operates historic coaching inns in market towns including in the Cotswolds, Peak District, Leicestershire, Staffordshire, and Cambridgeshire. Chief [...]
From grocery delivery to supply chains, the future of food tech is in flexibility August 13, 2021 Grocery delivery apps, promising to deliver food and drink in just 10 minutes, have become almost ubiquitous on London’s streets after more than a dozen launched in the last year. Venture-backed grocery companies have raised over $10bn so far in 2021, according to figures from Pitchbook. Less visible, but no less disruptive, we have also [...]
Foreign Affairs Committee Chair slams Western pullout from Afghanistan August 13, 2021 The chairman of the Foreign Affairs Select Committee, who served in Afghanistan, has heavily criticised the decision to pull out troops. In a series of emotional tweets conservative MP Tom Tugendhat said: “If you think I’m taking the news from Afghanistan badly and personally, you’re right.” “The decision to withdraw is like a rug pulled [...]
Disney emerges as streaming rival, elevating revenue above expectations August 13, 2021 Disney’s streaming service has emerged as a strong rival in the Netflix dominated sector, which has in turn elevated the group’s revenue above expectations. Revenue was up 45 per cent to £12.3bn in its third quarter – inching past analyst forecasts of £12.14bn. The entertainment giant pulled in £664m in net income in the three [...]
