Wetherspoon shares fall as it warns that staff wage increase will hurt profits November 7, 2018 J D Wetherspoon shares fell 13 per cent to 1,138p today after it announced a rise in sales, but warned its decision to hand staff a wage increase without increasing prices will impact full-year profits. The pub chain, which has almost 1,000 branches in the UK, said like-for-like sales increased 5.5 per cent and total sales by [...]
Fitness advice: Why focusing on a ‘healthy’ diet may be stopping you from losing weight February 6, 2018 When I was growing up, food didn’t come with information about calories or salt or sugar content. You just used a bit of common sense, a bit of guess work and left a bit to chance. Now it’s a legal requirement for any supermarket food to have nutritional information attached. Look at any label [...]
City Moves for 12 January 2018 – who’s switching jobs at Glenny, Belstaff and Fever-Tree? January 12, 2018 Today’s City Moves cover investing, fashion and soft drinks. Take a look at these movers and shakers: Glenny Glenny has announced a high-profile senior appointment, making Philip Colman a divisional partner in its investment team. He has over 10 years’ experience working in the London and the south east business space markets with a focus [...]
Thought millennials went crazy for avocados? Meet Generation Z September 15, 2017 If you thought Generation Y were a bunch of avocado-obsessed health-freaks, you ain’t seen nothing yet: it turns out Generation Z, their even younger counterparts, eat 226 per cent more avocados than their predecessors. Research by Barclays reveals today’s students are shunning traditional university pursuits – drinking, smoking, etc – in favour of quitting smoking [...]
Thought millennials went crazy for avocados? Meet Generation Z September 15, 2017 If you thought Generation Y were a bunch of avocado-obsessed health-freaks, you ain’t seen nothing yet: it turns out Generation Z, their even younger counterparts, eat 226 per cent more avocados than their predecessors. Research by Barclays reveals today’s students are shunning traditional university pursuits – drinking, smoking, etc – in favour of quitting smoking [...]
Wetherspoon’s Tim Martin: Government tax policy is hitting the pub sector and forcing people to drink at home March 16, 2017 Wetherspoon's boss Tim Martin has issued a call to arms to pubs and restaurants in an attempt to convince the government to slash "unfair" taxes levied on the sector. The pub chain founder said tax policy is not only harming the pub sector, it is also forcing poorer people to drink at home as alcohol can [...]
Budget 2017 UK predictions: What you can expect from the chancellor’s Spring Budget March 7, 2017 It's that time of year again: the chancellor is getting set to dust off his little red box and deliver the Spring Budget. It's the last one we'll see at this time of year, as Philip Hammond decided to move the major announcements to an Autumn Statement schedule. It's likely to be a more staid [...]
Drinkers raise a glass to posh booze as premium spirits and wine sales soar worldwide June 14, 2016 Posh booze has become the order of the day for the world's drinkers, who are clearly after quality not quantity when it comes to their tipples. Worldwide, the premium-and-above spirits market grew five per cent in 2015, equivalent to 6.7m nine-litre cases on the 2014 total, according to the alcohol analysis firm IWSR's 2016 database. The most [...]
Global alcoholic drinks consumption drops for the first time in a decade, according to Euromonitor International May 12, 2016 Global sales volumes of alcoholic drinks declined a sobering 0.7 per cent in 2015, entering negative territory for the first time in more than a decade. This fall translated into a loss of 1.7bn litres of alcoholic drinks sales since 2014, according to research from Euromonitor International. Worldwide volumes were derailed by the effects of [...]
Nanny State Index: The UK is one of the most nannying states in Europe – but there’s little evidence to suggest sin taxes on sugar and alcohol are helping March 31, 2016 George Osborne’s decision to put a sin tax on fizzy drinks confirmed that there is no escape from the nanny state in Britain, but if the increasingly meddlesome tendencies of our politicians makes you want to emigrate, where should you go? Today’s publication of the first ever Nanny State Index suggests that Luxembourg, Germany or the Czech Republic [...]