The Oat Wars teach us that successful businesses choose cooperation over rivalry June 10, 2022 The feud between the David and Goliath of vegan oat-based products continued when last month Glebe Farm, the British independent, family-run business that grows gluten-free oats, unveiled a billboard campaign at London Victoria station to promote a major rebrand across its entire product range. One of the straplines read, “Oatly sued us. We won. Because [...]
Parkdean Resorts: £1.6bn sale of holiday park giant stalled over slow UK growth concerns June 9, 2022 The UK economy’s slowing growth is reported to have stalled the £1.6bn sale of Parkdean Resorts following a sixth month auction process. The holiday parks operator and its owner Onex Corporation took the decision to call off the move amid concerns about a possible UK recession, and its impact on the staycation market. This week, [...]
PM declares end of high tax and spend as he says govt will ‘get out of the way’ June 9, 2022 Boris Johnson has indicated a major reset in the direction of his government, with the Prime Minister declaring the end of Covid-era “corporate welfare” and that now is the time to “stop spending and start cutting taxes and cutting regulation”. Johnson said “the overall burden of taxation is now very high”, after himself increasing the [...]
European Central Bank confirms first rate rise in over a decade next month June 9, 2022 The European Central Bank (ECB) today confirmed it will hike rates for the first time in over a decade in a sign that the era of loose policy and low inflation is coming to an end. President Christine Lagarde and co said the central bank will lift rates 25 basis points next month, which will [...]
Peel Hunt performance dips as pandemic-driven market conditions ease June 9, 2022 Peel Hunt has been unable to consolidate its pandemic-driven performance last year, but has still managed to post healthy profits.
Cutting taxes without reshaping state is ‘challenging’ task, former BoE chief economist says June 8, 2022 The scope to cut taxes without worsening the standard of public services delivered by the state is limited, according to one of the UK’s top economic wonks. Professor Sir Charlie Bean, 68, told Nick Ferrari’s LBC breakfast show today that it will be “challenging… to sustain significantly lower taxes” without reshaping “what the state does”. [...]
UK to clock weakest growth in rich world amid economic ‘stagnation’ June 8, 2022 The UK will clock the weakest growth in the rich world caused by households retrenching amid the worst cost of living crisis in a generation, according to new forecasts released today. Rampant inflation driven by accelerating global energy prices as a result of Russia’s invasion of Ukraine and ongoing supply chain disruptions caused by China’s [...]
Electric classic Mini is London’s coolest new cab June 8, 2022 Small Car Big City's Mini has been converted to electric power and is awaiting a private hire licence from Transport for London. We drive it.
A windfall tax raised by a money-hungry government will scare off our businesses June 8, 2022 Rishi Sunak’s windfall tax on energy firms – what he called a “temporary targeted profits levy” – has gone down well with voters. The tax makes it look like money is raised from someone else and given to them through subsidies to their bills. Despite claims that the tax will yield an additional £5bn in [...]
Small businesses should ask what’s in a name and protect their intellectual property June 8, 2022 If David were to take on Goliath today, it would likely be an altogether different type of confrontation. An army of lawyers fiercely arguing over whether David’s slingshot was a proprietary design and an eventual out-of-court settlement from which Goliath would ultimately walk away unscathed. Large corporations flexing their legal muscle to defend their market [...]