Sugar-cane restrictions are up for renegotiation, which could play into Tate & Lyle’s hands October 21, 2016 The owner of one of Britain's oldest and most distinctive brands has labelled the UK's departure from the EU as the "biggest opportunity of our lifetime". Tate & Lyle, most famous in the UK for its golden syrup said that removing the shackles of EU quotas and tariffs would mean that it could increase production to a [...]
Credit Suisse and Italian authorities agree to settle after offshore transfer investigation October 21, 2016 Credit Suisse has paid €110m (£98m) to settle allegations by Italian prosecutors that it helped clients divert undisclosed funds to offshore bank accounts. Italian authorities believed that the Swiss bank had helped some 13,000 clients transfer up to €14bn abroad using certain insurance products. An investigation has been running since 2014 and under Italian law today's settlement does not constitute an [...]
Safer and more efficient: technology on trial so that cars can talk to one another October 21, 2016 Cars chatting away to one another? Didn't someone make a film about that once? Well now some elements could be coming to life after Jaguar Land Rover and Ford announced plans to trial technology where cars will communicate to one another, in what will be the first such trials in the UK. Through sharing information, it is hoped [...]
House on the Southern Rail network? Here’s how property values have changed over the last three months October 21, 2016 The Southern Rail debacle has been raising the blood pressure of many commuters into the square mile every day. Late to work, late back home has become a common routine and with three more blocks of industrial action, and no end in sight to the current deadlock, the future looks bleak. Read more: Southern rail operator Govia bills Network Rail [...]
Prom boom boosts Moss Bros’ retail sales, rather than just its hire division October 21, 2016 The chief executive of one the UK's oldest high street names said that a British prom boom was driving "fantastic" sales growth. Moss Bros boss, Brian Brick, said that 80 per cent of Britain's schools now have proms. And this wasn't just having a positive impact on its suit hire division, it was boosting sales in its larger [...]
The defence secretary reveals the new name of Britain’s submarines and emphasises the need for a deterrent October 21, 2016 The ministry of defence rolled back the years today by revealing that the next set of its rather pricey submarines will use the same name that adorned the Royal Navy's first nuclear-powered sub 56 years ago. Defence secretary Michael Fallon revealed that the Queen had approved the name of "Dreadnought" for the lead boat and class name of the Royal [...]
Embattled Southern rail operator Govia bills Network Rail for more than £48m October 21, 2016 The owner of Southern Rail, the operator at the centre of a bitter industrial dispute, stung Network Rail for more than £48m in fines during the last fiscal year. Govia – which runs the beleaguered Southern Rail network as well as the Thameslink, Southeastern, Gatwick Express, London Midland and Great Northern lines – billed Network [...]
Decide the rules and then leave them alone for at least 10 years, the government is told October 20, 2016 The boss of a leading financial adviser has made a direct appeal to the government to "simplify and stabilise the UK savings system". Andy Bell, the chief executive of AJ Bell, wrote to both chancellor Philip Hammond and pensions minister Richard Harrington to urge them to set up a new independent pensions tax commission whose recommendations would be set [...]
Nestle’s shares fall after missing targets due to softening prices October 20, 2016 Nestle's share price fell by one per cent today after posting weak underlying sales and cutting its outlook for the rest of year. While nine month revenues at the food giant increased by 3.3 per cent, the group downgraded its forecast growth for the rest of the year to 3.5 per cent, having previously advised investors of a 4.2 per cent increase. [...]
Pernod Ricard’s share price is up but warns British booze prices may need to go the same way October 20, 2016 Prices of some of Britain's best-loved spirits may be on the rise in coming months after the boss of spirits giant Pernod Ricard (Pernod) confirmed to investors that it would need to "adjust" prices in order to protect margins after sterling's recent slump. Pernod's finance chief, Gilles Bogaert, revealed the plans to increase prices in the UK after the group posted first [...]
