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 [...]
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 [...]
Strikes over pension cuts are set to hit the drinks giant leading up to Christmas November 21, 2016 Strikes are set to hit Diageo in the weeks up to Christmas. Workers at the global drinks giant voted for industrial action over cuts to their pensions, the GMB union said. The employees work in Diageo's Scottish operations, including bottling plants at Leven and Shieldhall and distilleries across the country. The company had been reviewing the pension [...]
Essentra shares dive after the company’s profit warning stubs out expectations November 21, 2016 Shares in Essentra dived around 20 per cent in early trading today after the industrial group stubbed out hope that its revenue would recover this year. The UK-based supplier of plastic and fibre products announced a like-for-like revenue loss of 7 per cent due to its facilities not performing as anticipated and lower-than-expected volume of their cigarette filtration products. [...]
Brexit fears send profits plummeting at Walkers Crips as growth spending drives revenue down November 21, 2016 Wealth investment company Walkers Crips reported a massive drop in profit in the first half of its financial year as the Brexit vote continues to keep companies guessing about the future. Pretax profit fell by 91 per cent to £53,000 from £589,000 in the six months to the end of September. Revenue dropped to £13.2m from [...]
Everyman Cinemas cautions over year-end trading as this year’s blockbusters fail to impress November 21, 2016 As 2016's year-end blockbuster hits look unlikely to match the ticket sales of last year's, Everyman Cinemas expects sales to be down. The boutique cinema owner, which is listed on London's Alternative Investment Market (Aim), has cautioned over year-end trading in light of uncertainty in the months ahead. Last year, films like James Bond's Spectre and Star Wars: The Force Awakens [...]
British American Tobacco says a minimum excise tax in the Autumn Statement would only fuel the black market November 21, 2016 UK smokers face a triple whammy in 2017 ahead of Philip Hammond's Autumn Statement, a British American Tobacco spokesperson said. With a duty escalator expected and more limitations to come from the EU's tobacco products directive, BAT said the minimum excise tax proposed by former chancellor George Osborne should be dropped. The minimum excise tax is effectively a floor price that would [...]
UK drug strategy has failed and the Treasury is missing out on as much as £1.05bn of the UK’s growing cannabis market November 21, 2016 The world is changing its mind on drug legalisation policies, and the UK will be left behind unless politicians take action. Legalisation and regulation of the UK's £6.8bn per year cannabis market could send as much as £1.05bn to the Treasury, a new report said. Ditching Britain's failed strategy and following the pragmatic approach of major western democracies like Germany, Canada and [...]
More than half of UK shoppers don’t know their consumer rights differ when returning goods bought in store versus online November 21, 2016 After you've finished your holiday shopping and the shine wears off the cheeky new outfit you bought yourself, will you be able to return it for a refund? More than half of British shoppers don't know that their consumer rights differ when returning goods bought online versus in store, a new report shows. When it comes to returning non-faulty [...]
