Heineken sales lower than expected after Vietnam lockdown October 27, 2021 Brewing behemoth Heineken posted a steeper than expected decline in third-quarter beer sales after coronavirus restrictions in Vietnam. Lockdown measures slashed volumes in Vietnam, one of its top three markets, by more than half. The brewer said it sold 5.1 per cent less beer on a like-for-like basis than a year earlier, with Asia-Pacific sales [...]
‘Robin Hood powers’: Here’s what a football regulator WILL and WON’T be able to do, according to reports February 2, 2023 A new independent football regulator will be given powers to step in and resolve the sport’s financial row, according to a report. The regulator will also oversee a more robust owners’ and directors’ test and introduce a licensing system paid for by clubs to ensure they are being run sustainably, The Sun reported. The newspaper [...]
Antofagasta in line with expectations despite pressures October 20, 2021 British multinational Antofagasta has remained in line with expectations, registering a steady production during the third quarter of 2021, with copper and gold increasing by 1.5 and 8.8 per cent compared to the previous one. Cost performance was also in line with the group’s predictions even though the company – like many others – is [...]
Sunak should slash taxes at budget to protect recovery, urges taxpayers’ lobby group September 30, 2021 Chancellor Rishi Sunak should slash taxes at the budget to prevent the UK’s economic recovery from the Covid-19 crisis running out of steam. That’s according to the chief of the top lobby group for taxpayers, who warned looming tax hikes will hit hardworking families and businesses and cause the recovery to “fall flat”. John O’Connell, [...]
Blend secures £120m boost for lending extra ‘muscle’ to UK property developers April 11, 2022 Property capital firm Blend Network has secured a record £120m boost to its lending of that extra “muscle” for UK developers. Blend, backed by OakNorth Bank chairman and former Barclays vice chairman Cyrus Ardalan, snagged the sum from a consortium of six large family offices “Obtaining a record £120m committed funding line from such a [...]
Why would anyone snog at a Christmas party anyway December 6, 2021 I’d like to take a moment to reflect on the debate that made the headlines last week: should we be snogging under the mistletoe this Christmas, or stay apart to avoid Covid-19 transmission? First of all, snogging is a cringe and uncomfortable word that reminds of Matt Hancock’s taped sins. And we can all agree [...]
Tokyo 2020 facing threat of spectator ban, says Japanese prime minister June 21, 2021 Japan may ban spectators from the Tokyo 2020 Olympics if the country’s Covid-19 situation worsens, prime minister Yoshihide Suga has warned. Holding this summer’s delayed Games behind closed doors was “definitely a possibility”, Suga said. “I think that’s obvious from the standpoint of making safety and security our utmost priority.” Japan has been slow to [...]
Ryanair to return to profit with hopes of flying 165m passengers this year, says boss January 24, 2022 Ryanair’s boss expects to return to profit this year, as the Irish airline looks to fly 165m passengers. Chief executive Michael O’Leary has forecast carrier occupancy to climb to between 90 per cent and 95 per cent this summer. The budget airline will once again be profitable once occupancy reaches 80 per cent, O’Leary told [...]
Simply the best: Oxford named best-performing university in the world September 3, 2021 The University of Oxford has been named the best-performing university globally, ahead of California Institute of Technology and Harvard University in the United States, which both took second place. Oxford has become the first institution to retain top place in an international league table for the sixth year in a row. A number of UK [...]
Credit Suisse’s scalped chairman lays bare the new rules of post-purpose business January 18, 2022 Perhaps it’s time for an amnesty. All those in prominent positions in public life who flouted a lockdown rule here or there should fess up in return for a short, sharp rebuke from Sue Gray and no further repercussions. No doubt the prime minister would welcome such a resolution. But it would come too late [...]