Cheltenham Festival sets new alcohol restrictions after last year’s debauchery March 14, 2017 After last year's booze-fuelled escapades at Cheltenham Festival tarnished the lavish event, the racecourse has instated new rules in an attempt to limit how much customers drink. Racegoers are now barred from purchasing more than four alcoholic drinks at a time. However, complimentary water will be made available at each bar. In 2016, two footballers were fined after apparently urinating in a [...]
Asda, Morrisons, Sainsbury’s and Tesco are cutting petrol and diesel prices across the UK by up to 2p March 14, 2017 Asda and Morrisons announced yesterday that they are cutting fuel prices by up to 2p a litre across the country, and now Tesco and Sainsbury's are following suit. This will bring unleaded fuel to a new national price cap of 114.7p per litre at Asda's 301 filling stations, while diesel will cost consumers 116.7p per litre. “Over half our forecourts have already reduced the price of [...]
London ranks 40th in the world for quality of living, but Brexit could threaten that in the future March 14, 2017 London ranked 40th in Mercer's latest quality of living survey while nabbing sixth place in a new measure for city infrastructure, but the global consulting firm warned Brexit could impact the capital's future ranking. Mercer surveyed 450 cities around the world based on 38 different factors, including the political and economic environment, public services and healthcare. As the top-ranked UK city in both measures, [...]
Here’s what MPs had to say after the House of Lords gave the green light on Brexit March 14, 2017 After the House of Lords joined MPs in passing legislation to give Prime Minister Theresa May the power to trigger Article 50, Conservative MPs said it’s time to get on with Brexit. Brexit secretary David Davis said the UK is on the threshold of “the most important negotiation for our country in a generation.” “So [...]
Top wonks call for an insider trading probe of the Office for National Statistics March 13, 2017 A director at the Adam Smith Institute (ASI) is calling on Office for National Statistics (ONS) procedures to be "urgently" reviewed in response to a report by the Wall Street Journal. The WSJ investigation found markets were moving ahead of the release of official ONS data in a way that is consistent with leaks. Sam Bowman, executive [...]
Yahoo’s Marissa Mayer would receive a $23m golden parachute if terminated “without cause” March 13, 2017 Marissa Mayer, the boss of Yahoo, is set to receive a $23m (£18.8m) golden parachute if she loses her job after Verizon completes its $4.83bn purchase. Yahoo said in a filing Mayer will receive the severance pay if she lost her job "without cause". Verizon hasn't yet specified whether Mayer will continue to lead Yahoo after the [...]
Glencore is reportedly making a move on Mexico’s fuel-stations business March 13, 2017 Glencore will move into Mexico's fuel-stations business with a 15-year supply deal and a $200m (£164m) investment in a joint venture, according to reports. Sources told Bloomberg the Switzerland-based commodity producer will supply 180,000 barrels per day of gasoline and diesel to 1,400 stations, which is nearly 10 per cent of the county's total. It will also spend $200m over the [...]
Quintessentially Group’s estates arm is expanding to New York City March 13, 2017 London-based global property group Quintessentially Estates is expanding its international referral network to New York City in a collaboration with an estate brokerage in the Big Apple. The firm is owned by Quintessentially Group, a concierge service for billionaires that's also behind the world's biggest yacht. Its estates arm specialises in sales and acquisitions of prime residential properties in [...]
Lush says Brexit sent “shockwaves” through the business and threatens to focus expansion outside the UK March 13, 2017 Lush has threatened to focus its future expansion outside the UK as Brexit sent "shockwaves" through the business. The natural cosmetics firm said the 20 per cent of its UK workforce who do not have British citizenship "suddenly felt unwelcome and understandably upset" after the UK voted to leave the European Union. The bath bomb [...]
Oil prices fall to three-month lows on rising US inventories March 13, 2017 The price of oil fell to a three-month low today as more data showed US inventories are rising. Since last Monday, the price of oil has fallen more than eight per cent, after its biggest week-on-week drop in four months. Brent crude, the global benchmark, fell to a session low of $50.85 a barrel today, while West Texas Intermediate [...]
