Vegan burger startup Beyond Meat hits triple its IPO price as it eyes up European expansion May 28, 2019 Vegan burger startup Beyond Meat’s share price jumped today as it said it's mulling a move to cater directly to European customers with a new production site opening in the Netherlands. However, concerns that this expansion might be too much too soon have left investors divided. Read more: DEBATE: At $1.5bn, is plant burger firm Beyond Meat [...]
Cricket World Cup in London: How the ICC is hoping to create a buzz around the capital this summer May 28, 2019 The summer is here, the sun is out and London is ready for the Cricket World Cup. With two venues and 10 games to look forward to, the capital is at the epicentre of the tournament and will be abuzz with action between Thursday’s opening match involving England and South Africa at The Oval and [...]
Gordon Ramsay’s restaurant empire returns to profit despite tough market conditions May 28, 2019 Celebrity chef Gordon Ramsay’s restaurant empire has returned to profit despite challenging conditions in the casual dining sector. Ramsay’s company made a pre-tax profit of £500,000 in the year to August 2018 after reporting a £3.8m loss in 2017 due to legal costs and the closure of its Plane Food branch at Heathrow, which lasted [...]
Lonmin shareholders vote for £226m sale to Sibanye-Stillwater May 28, 2019 Shareholders in Lonmin today passed a lower bid from Sibanye-Stillwater which will create the world’s second-largest producer of platinum. Investors owning nearly 99 per cent of the stock in Lonmin voted for the £226m deal, which was £60m lower than the original proposal. Read more: Lonmin's chief operating officer has resigned The all-share deal gives [...]
In commercial television, image is everything May 28, 2019 It was Andre Agassi who brought us the phrase “Image is everything”. He was chasing the corporate dollar of camera giant Canon when he uttered the immortal words, which he soon found being shouted back to him on the tennis court. Three words, three commonplace words, but, strung together at that moment in the late 1980s [...]
Dutch flag carrier airline KLM Royal Dutch to partly use low-emission aviation fuel May 28, 2019 The Netherlands’ flagship airline is to pump millions of euros into building Europe’s first factory for producing sustainable aircraft fuel on an industrial scale. KLM Royal Dutch Airlines said the plant would use regional waste and excess materials such as cooking oil to make bio-kerosene. Using this rather than standard plane fuel reduces CO2 emissions [...]
London Stansted is the UK’s worst airport for flight delays May 28, 2019 Flights departing from UK airports were subject to delays of an average of 16 minutes last year, with London Stansted airport topping the list. Read more: Heathrow Airport sees April passenger numbers soar to 6.8m Planes leaving Stansted airport were delayed by 25 minutes on average in 2018, an analysis of Civil Aviation Authority data [...]
LGIM’s gender diversity fund outperforms FTSE 350 in first year May 28, 2019 A fund that invests in UK companies that are prioritising gender diversity has marked its one-year anniversary, having encouraged firms to boost the number of women in leadership positions. Legal & General Investment Management’s (LGIM) Gender in Leadership UK index fund (Girl fund) allocates a score to FTSE 350 firms based on the number of women [...]
Gloomy UK drags down economic confidence in the EU May 28, 2019 Economic sentiment in the UK fell dramatically in May as confidence in the industry sector hit its lowest level in 11 months, according to figures from the European Commission. Read more: UK business confidence lowest since 2012, says BDO British gloom held down sentiment in the European Union as a whole, with the Commission’s economic [...]
Flybe boss to step down after airline’s sale to Connect Airways May 28, 2019 The boss of Flybe has announced she will step down in mid-July following the sale of the ailing airline to a consortium led by Virgin. Christine Ourmières-Widener will stand down as chief executive on 15 July following Flybe's sale to Connect Airways, which is led by Virgin Atlantic, Stobart Air and hedge fund Cyrus Capital. [...]