Restaurants stand to gain £70m as more Brits than ever ditch Christmas turkey December 24, 2016 More Brits will ditch the kitchen and eat out this Christmas than ever before, new research suggests. Pubs, restaurants and bars across the country are set to gain upwards of £70m on Christmas day spending, research from Worldpay found. Pubs, which alone stand to make £7m on the 25th, will be 30 per cent busier than average across [...]
Fewer than a third of UK employees are confident in the government’s ability to negotiate Brexit December 23, 2016 Six months after the vote to leave the European Union, only 29 per cent of UK employees are confident in the government’s ability to negotiate a good deal for Britain. Confidence levels are waning as the process drags on, Glassdoor found in the Brexit extension of its UK Employment Confidence Survey. In London, 26 per cent of [...]
Unite union suspends British Airways cabin crew’s Christmas strike December 22, 2016 British Airways cabin crew has called off its planned Christmas strike, the Unite union has announced. The union said a revised offer by the airline will be put to a ballot of more than 2,000 of its members. "It will be for our members now to decide if British Airways has done enough to meet [...]
Uber takes its self-driving cars to the streets of Arizona December 22, 2016 Uber's self-driving cars will now begin testing in Arizona following today's earlier announcement that its fleet would leave California after state regulators cracked down on permits. After testing its self-driving cars in Pittsburgh, San Francisco was supposed to be the ride sharing group's second testing ground. However, the California Department of Motor Vehicles requires a permit to test autonomous vehicles [...]
US President-elect Trump said the US needs to expand its nuclear capability December 22, 2016 Donald Trump today called for the expansion of America's nuclear weapons capabilities until the world "comes to its senses". In a Tweet, naturally. The United States must greatly strengthen and expand its nuclear capability until such time as the world comes to its senses regarding nukes — Donald J. Trump (@realDonaldTrump) December 22, 2016 A [...]
Monte dei Paschi’s board is expected to approve state aid request after capital increase failed December 22, 2016 Monte dei Paschi di Siena announced today its plan to raise €5bn (£4.2bn) of capital by the end of the year had failed. The bank's board is now expected to approve a request for state aid when it meets later today. Italian parliament yesterday agreed to a bailout package of €20bn (£16.9bn) bailout for the country's banks. The [...]
Nokia has sued Apple in Europe, Asia, and the US for infringing on its technology patents December 22, 2016 Nokia announced today it had filed a new set of lawsuits against Apple in Asia, Europe and the US for violating 40 technology patent suits in 11 countries. The Finland-based technology company originally said it was suing the iPhone maker yesterday, for infringing on 32 technology patents. Shares in the company were down nearly five per cent [...]
These are the four commodities that will go up in price in 2017 December 22, 2016 Since the pound plummeted after the Brexit vote, consumers have been faced with warnings of coming food price hikes – most notably Unilever's Marmite, Birds Eye and PepsiCo. “There’s absolutely no chance prices will stay the same. They’ll go up for sure, it’s just a question of how much," a food supplier told research firm Nielsen. New [...]
Brits are set to spend £3.85bn on Boxing Day sales this year, 96 per cent more than on Black Friday December 22, 2016 Boxing Day sales are expected to blow Black Friday spending out of the water as Brits prepare to splash out 96 per cent more on the day after Christmas. Nineteen million consumers will spend £3.85bn on Boxing Day sales this year, three per cent more than in 2015, a study by the Centre for Retail Research (CRR) found. [...]
British-made craft gin and English sparkling wine are now top sellers in M&S December 22, 2016 British-made craft spirits and wine are finally having their moment this year. Marks & Spencer declared British gin the spirit of Christmas 2016 after reporting more than a quarter of a million bottles of its eight new gins made in the UK have been sold following their release this autumn. Gin sales increased 150 per cent [...]
