Here’s why Goldman Sachs think the US is on the verge of a beer renaissance April 22, 2014 The US could be on the cusp of a beer renaissance, according to leading investment bank Goldman Sachs. An improving employment market combined with improved innovation and marketing, could see US beer volumes enjoy a substantial recovery. Over the past 15 years, wine and spirits have been making most of the running when it comes [...]
What you need to know before the open April 22, 2014 A higher open for European markets is expected this morning, following the S&P 500 posting its best winning streak so far this year. With markets over here closed yesterday, it finished higher for the fifth day in a row. Investor focus will likely be on the latest earnings reports from companies both sides of the [...]
What the other papers say this morning – 22 April 2014 April 22, 2014 FINANCIAL TIMES Anglo eyes SA platinum shift Anglo American is preparing the ground for an exit from part of its South African platinum business, in what would be one of the miner’s most decisive shifts away from troublesome assets since Mark Cutifani became chief executive last year. The country’s platinum sector has been crippled for [...]
Microsoft to take over Nokia’s handset business this week April 22, 2014 MICROSOFT has finalised the deal to buy Nokia’s devices and services business after months of fine-tuning on the acquisition. The US computing giant is paying €5.4bn (£4.4bn) for the troubled phone firm’s handset arm, in a deal first announced in September 2013. The deal will complete this Friday, 25 April. Microsoft hopes it will help [...]
Tech giants in jobs pact case April 22, 2014 TECHNOLOGY giants Google, Apple, Intel and Adobe are set to face claims next month that they colluded to keep executives’ wages down by signing agreements barring them from poaching each other’s staff. The Silicon Valley titans face calls for around $9bn (£5.4bn) in compensation for $3bn lost wages among 64,613 software engineers. They say the [...]
The new school of cool April 16, 2014 From Nomos Glashütte’s Berlin to Shinola’s Detroit, we’re experiencing a fresh wave of watchmaking that combines metropolitan sophistication, crisp, contemporary design, and hip-to-the-game urban credentials (without a hint of irony) LET'S GET one thing straight: Shinola do not make “hipster” watches. Nor do they make vintage-inspired “hipster” bicycles, and nor are the baristas in plaid [...]
How much does a house in the UK really cost? April 15, 2014 Buying a home in the UK will set you back £235,000 on average, according to the latest figures published this morning by the Office for National Statistics (ONS). “But hold on a minute,” I hear the news-hounds among you say. “Yesterday I read that it was much higher than that.” And indeed you may have. [...]
How much does a house in the UK really cost? April 15, 2014 Buying a home in the UK will set you back £235,000 on average, according to the latest figures published this morning by the Office for National Statistics (ONS). “But hold on a minute,” I hear the news-hounds among you say. “Yesterday I read that it was much higher than that.” And indeed you may have. [...]
Why the Lib Dems’ new mansion tax-lite is just as ugly April 14, 2014 SOME Liberal Democrats seem to have finally conceded that their “mansion tax” pet project is a bad idea. Chief secretary to the Treasury Danny Alexander has gone off the proposal to levy a 1 per cent charge on the value of properties above £2m, preferring higher council tax bands for expensive properties instead. But given [...]
How Peugeot hopes to sell more by offering less April 14, 2014 Peugeot Citroen has decided to offer drivers less, in the hope that fewer, better models will help to boost its sales. The loss-making French car company is slashing the number of models it makes from 45 down to 26 as part of its recovery plan set out today. The turnaround plan has been dubbed Back [...]