Sainsbury’s, Waitrose and Asda recall “gluten free” products over fears they contain gluten June 7, 2015 Three of the UK's biggest supermarkets are warning customers the “gluten-free” products they bought may contain gluten. Asda, Sainsbury's and Waitrose have all issued statements recalling certain products branded as gluten-free, ranging from pitta breads to pizza bases and pancakes. On its website, Asda said: It has been brought to our attention [...]
Deutsche Bank co-CEOs Anshu Jain and Juergen Fitschen resign, John Cryan to step up as replacement June 7, 2015 The co-chiefs of Deutsche Bank are resigning amid increasing pressure from investors over their management of a series of problems to have beset the bank. The German bank was hit with a £1.7bn fine over Libor manipulation in April, which co-CEO Anshu Jain took ultimate responsibility for, while fellow co-CEO Juergen Fitschen is embroiled in a legal [...]
Netflix to debut in Italy and Portugal in October June 6, 2015 Netflix is to take to the stage in Italy and Portugal this October, to add to the more than 50 countries where it is already available. In an announcement this Saturday in California Netflix made the big reveal, just days after it announced the service would soon be available in Spain. In March, the company [...]
Tesco: What assets has it sold off and what’s heading to the checkout as billion-pound South Korea sale considered? June 5, 2015 Streamlining, belt tightening, slimming down: call it what you will, but Tesco assets are making their way through the checkout at a swift pace, as the troubled supermarket attempts to raise funds for its turnaround. The latest item heading for the bagging area after reporting its biggest ever loss, is part of its large and [...]
Merlin Entertainment share price falls after it closes four rides June 5, 2015 Shares in Merlin Entertainments fell 1.2 per cent to 5.5 p in late afternoon trade after it announced the closure of four rides following an accident earlier this week. The theme park owner said today that Saw at Thorpe Park, The Smiler at Alton Towers, as well as Dragon's Fury and Rattlesnake at Chessington World [...]
Non-farm payroll: US jobs in biggest jump this year June 5, 2015 After weeks of disappointing economic figures, there's finally a glimmer of hope for the US economy: non-farm payroll figures out today showed the number of job openings jumped by 280,000 in May. That's up from 221,000 in April – and the best figure this year. Read more: Stephanie Flanders – Can a currency save an [...]
Hanging on the telephone: Greek Prime Minister Alexis Tsipras arranges call with Vladimir Putin June 5, 2015 As the chances of Greece ever unlocking that €7.2bn emergency loan look increasingly bleak, the country's embattled Prime Minister, Alexis Tsipras, has taken a step towards a decidedly nuclear option. The FT reported that Tsipras has arranged a call with Russian President Vladimir Putin later today. Apparently there isn't much information on what will be discussed – [...]
A room with a view? A house in a national park could cost you 93 per cent more than the average June 5, 2015 How much would you pay for a room with a view? House prices in Britain’s national parks and areas of outstanding natural beauty (AONB) are commanding up to 125 per cent more than the average house price in their host counties, according to research from Knight Frank. In 10 of the country’s 13 national parks, [...]
Morrisons is the only big four grocer “currently on right track”, says Nielsen June 5, 2015 Morrisons waits for good news for months and then three come along at once. The supermarket – which has, until now, been one of the more unloved – has already had one set of figures prove it's the only one of the big four in growth, which in turn prompted a share price rally, [...]