MPs urge the Pensions Regulator to look into whether they can seize Sir Philip Green’s superyacht November 22, 2016 Sir Philip Green’s £100m superyacht – Lionheart – could be used to pay the pensions of thousands of BHS workers. The chair of cross-party Work and Pensions Commons Committee MP Frank Field has written to the Pensions Regulator to ask if it can acquire "assets other than cash from a person from which payment is being [...]
Love Drinks is now the UK distributor for award-winning Australian craft gin distillers Four Pillars November 22, 2016 Love Drinks has been appointed the exclusive UK distributor of Four Pillars Gin. The premium import, distribution and marketing company specialises in representing craft distilled of family-owned brands. Four Pillars, a Yarra Valley-based Australian craft gin distillery, had previously been distributed by Liberty Wines since 2015. Read more: Eight of the best gins to drink in winter [...]
US bookshop chain Barnes & Noble blames election for sluggish sales November 22, 2016 US bookshop chain Barnes & Noble is hoping it can sell more books now the distraction of the US election is over. The company has had another losing quarter, this time it says because of the race for the White House sucking up too much of everyone’s time. “We did experience sluggish sales, which we [...]
Campbell Soup slurps up a spoonful of profit as costs fall November 22, 2016 Shares in US soup maker Campbell have climbed in premarket trading in New York after the company announced a better-than-expected quarterly profit due to falling costs. The world's largest soup maker is in the midst of a cost cutting programme as it battles against falling consumer demand for non-fresh and seemingly unhealthy foods. The numbers [...]
Tesco denies discriminating against state school children in Edinburgh outlet November 22, 2016 Tesco has been forced to deny that it was discriminating against state school students at one of its outlets in Edinburgh. The supermarket has come under attack for reportedly forcing children from Boroughmuir high school, a state school in the city, to stand behind a barrier and only allow the children inside in small groups. However, [...]
Snapped up: Healthy drinks company Bai has been acquired by Dr Pepper Snapple to meet demand for nutritious beverages November 22, 2016 Growing consumer demand for healthier beverages has persuaded Dr Pepper Snapple Group (DPS) to buy Bai Brands LLC, an antioxidant beverage maker for $1.7bn (£1.4bn) in cash. Bai is a fast-growing beverage brand that presents Dr Pepper Snapple (DPS) with a strong platform on which to grow "better-for-you beverages", including enhanced water, carbonated flavoured water, coconut water [...]
These products “on sale” at Amazon cost the same at John Lewis November 22, 2016 If you're shopping for Black Friday deals online, shop around. Amazon has lots of great deals on at the moment, but on some products, it's not actually a price reduction – you can get the same thing at John Lewis, for the same amount of cash. Read more: Has Havaianas come up with the best [...]
Mitchells & Butlers reports a drop in annual profits citing cost pressures and competition November 22, 2016 Pub and restaurant operator Mitchells & Butlers announced a drop in like-for-like sales as annual profits fell by more than a quarter for the year ended 24 September. The figures Like-for-like sales were down on the whole by 0.8 per cent, but the company is progressing toward growth with a rise of 0.5 per cent the last eight weeks' sales. Like-for-like food volumes [...]
Morrisons is bringing back the Safeway brand for a wholesale range and opening ten new convenience stores November 22, 2016 Morrisons is bringing back the Safeway brand, the supermarket announced today, as well as launching a new convenience store offering. The Safeway brand is to be revived as a range for wholesale to independent retailers – Morrisons said the re-introduction of the brand will enable it to "leverage its sourcing and unique food maker skills to [...]
Kingfisher’s share price drops as French business holds back sales November 22, 2016 Kingfisher's share price has dropped this morning after the company revealed its French business has been holding it back. The retailer – known for B&Q and Screwfix in the UK – has had good sales this side of the channel, but its share price was down 1.43 per cent at the time of writing. The figures Kingfisher's like-for-like [...]