Hilton stocks slide after it cuts its forecasts but says spin-offs on track October 26, 2016 Hilton Worldwide Holdings cut its full-year forecasts for the third time today, citing weak travel demand in the US and political uncertainty in Europe slashing demand. The hotel chain giant, which is in the process of turning itself into three separate entities, grew less than expected in the last quarter and issued a downbeat view [...]
Brexit will be fast and smooth says WTO boss Roberto Azevedo October 26, 2016 UK's transition out of the European Union will be fast and smooth and there will be no disruption to trade, the head of the World Trade Organisation (WTO) said today. Roberto Azevedo vowed that the UK would not face a vacuum or a disruption when it leaves the bloc and it would continue to be [...]
Stocks are fizzing in Coca Cola after better than expected results October 26, 2016 Stocks in Coca-Cola are up more than one per cent after it reported strong profits in its latest quarterly results. Growth was driven by strong results in North America and higher prices for drinks, but expects taxes to be impacted next quarter by structural and currency headwinds. The figures The soft drinks giant reported revenue of [...]
Get your dollars for next summer now: Sterling could fall further if hard Brexit continues October 26, 2016 The pound may have already fallen to a 31-year low against the dollar but there is a risk it could continue to drop if concerns over the government's plans for Brexit carry on. New analysis from UBS suggested that if the economy begins to recover from the shock of Brexit, sterling could improve against the [...]
Nicola Sturgeon calls for all-Scotland coalition to unite against ‘hard Brexit’ October 26, 2016 Nicola Sturgeon is to urge politicians, businesses and universities to join to form an "all-Scotland" coalition to oppose a hard Brexit. The first minister will say today that a hard Brexit will cost Scotland 80,000 jobs within a decade, and that expanding the economy and growing tax revenues are a priority for her government. She [...]
E-cigarette could stop quitters from putting on weight, new research suggests October 26, 2016 Switching to e-cigarettes could help smokers who are trying to quit from putting on weight, experts have suggested. Research in Britain and New Zealand have suggested that e-cigarettes which contain nicotine but no tobacco, may help prevent weight gain and tackle a growing obesity crisis. The report, 'Could vaping be a new weapon in the battle of [...]
Head to Paraguay, Serbia and the Czech Republic for a cheap bottle, Wine Price Index 2016 shows October 26, 2016 The UK is the 24th most expensive place to buy a bottle of wine, with an average price of £10.70, a new index shows. The latest research from SHAREaCAMPER looked at the cost of wine in 65 countries around the world, comparing local and imported averages. Wine-lovers should head to Paraguay for a cheap glass of red, [...]
Bottoms up: Net profit down but beer sales up for Heineken October 26, 2016 Dutch brewer Heineken's net profit is down on last year's figures but higher beer sales contributed to a better than expected performance, its latest results have shown. The world's second largest beer maker, which includes Tiger and Sol, sold more than expected in its third quarter, but saw its net profits plummet. The figures Net profit for [...]
Leaked audio: Theresa May feared banks would leave the UK after Brexit October 26, 2016 Theresa May warned bankers before the referendum that she feared businesses would leave the UK if it voted to leave the European Union. A recording of a speech the then-home secretary gave to Goldman Sachs in May has been published by the Guardian, revealing she had numerous concerns about the impact that leaving the EU would [...]
Fiat Chrysler Automobiles posts record third quarter results with 29 per cent rise in operating profit October 25, 2016 Fiat Chrysler Automobiles has pushed up its full-year profit forecasts after it rsaid operating profit rose by almost one third in the third quarter. The manufacturer posted a record 29 per cent jump in operating profit, boosted by a strong demand for Jeep SUVs which were up three per cent. Meanwhile, the world's seventh-largest car maker said its net [...]
