Indonesia increases number of cattle import permits, say reports
Australian exporters are unclear how they will be affected by changes prompted by butcher strikes in Indonesia over high beef prices Strikes by butchers over the price of beef have led the Indonesian government to seek to import more cattle into the country, but Australian exporters are still awaiting confirmation on how the changes will […]
Supermarket food sales fall despite consumers' rising spending power
Newly cash-rich consumers are continuing to budget carefully on food and using extra money to buy luxuries they were previously unable to afford Britain’s supermarkets are struggling to attract newly cash-rich consumers who are using their extra spending power to buy luxuries they denied themselves when incomes were being squeezed, according to the latest retailing […]
Co-op bank expected to escape FCA and Bank of England fines
Regulators likely to let Co-op bank off paying penalties as large fine could undermine bank’s capital position The Co-operative Bank is expected to escape a hefty fine after a long-running investigation into its near collapse two years ago. The bank was warned in June it could face penalties from the Financial Conduct Authority and the […]
Berkeley's supercharged share payout makes Sir Martin Sorrell's look modest
Tony Pidgley of Berkeley Group, which builds one in 10 London homes, netted £20m worth of shares this year in a scheme that is expected to run and run Sir Martin Sorrell eat your heart out. The boss of WPP attracts flak every year when he collects the winnings from his supercharged incentive scheme, but […]
Kipper Williams on Warren Buffett's biggest deal yet
US investor has agreed to buy Precision Castparts, a US maker of aircraft components and industrial pipes, for $37.2bn Continue reading… Source: The Guardian Circular Economy RSS
Farming unions call for 'seismic change' in way food is sold in Britain
Agriculture leaders want government to introduce long-term contracts between farmers and supermarkets after emergency summit on falling milk prices Farming is in a “state of emergency” and a “seismic change” is needed to the way food is sold in Britain, agriculture leaders have warned after a crisis summit on falling milk prices. Leading farming unions […]
Global stock markets boosted amid speculation China may devalue
FTSE and Dow Jones climb as analysts predict Beijing will ease monetary policy to stimulate growth after figures show 8.3% fall in exports Stock markets around the world have been lifted by hopes that the Chinese government will allow its currency to devalue to boost growth after figures at the weekend showed a surprise slump […]
Amazon leases warehouse in prime position to deliver food to London
Move fuels rumours that company is planning imminent launch of UK grocery service that will pit it against supermarkets Amazon has moved a step closer to launching a grocery service in the UK, taking over the lease on a warehouse previously used by Tesco. The US online retailer is to use the site in Weybridge, […]
Diet Pepsi cans aspartame in an attempt to save the drink's flagging sales
New bottles appear in stores marked ‘Now Aspartame Free’ as health concerns over the artificial sweetener may be to blame for the soda’s dip in popularity A revamped Diet Pepsi without aspartame is popping up on store shelves. So will people start flocking back to the soda? PepsiCo says its new Diet Pepsi should be […]
Standard Chartered quits controversial Queensland coal mining project
Involvement with the mine, which critics say threatens endangered species, was exposing the London-based bank to reputational damage Standard Chartered bank is pulling out of a vast coal mining project in Australia that critics say threatens endangered species and could wreck international efforts to contain global warming. The London-based bank revealed on Monday it was […]