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  • Co-op’s bid to sell 5m pints of craft beer as it increases business with smaller breweries

    December 27, 2017 9:51 PM 19

    The Co-op is increasing the number of supplies it buys from smaller breweries as it aims to sell 5m pints. The retailer is extending a programme of buying local beer following a pilot scheme in Yorkshire, and is set to complete a UK-wide roll out in the coming weeks. Almost 200 smaller suppliers will benefit from the move, which is in line with the Co-op's

  • Tory treasurer Mick Davis closes mining venture without having made a single deal

    December 27, 2017 9:51 PM 23

    Tory treasurer Mick Davis has closed his mining venture X2 Resources without making a single deal. The former Xstrata chief executive, known as Mick the Miner, blamed the failure on his giving six major investors the ability to block any deal. Davis told the Wall Street Journal: ‘That was really stupid of me.’ He was on the verge of buying coal assets

  • MP to quit his £350,000 part-time role as senior adviser with Gulf Keystone and to focus on his work in Parliament

    December 24, 2017 11:42 AM 14

    Conservative MP Nadhim Zahawi is expected to step down from his role as a senior adviser to oil company Gulf Keystone Petroleum in the New Year. It is understood that Zahawi, who has represented Stratford upon Avon since 2010, wants to focus on his work in Parliament. He plans to devote himself to fighting for a good outcome in the Brexit negotiations

  • Why Brazilians love spaghetti rings: Waitrose orders to customers overseas are up 20%

    December 22, 2017 9:51 PM 18

    Brazilians love Waitrose's spaghetti rings, the French are big fans of the posh supermarket's baked beans and Australians go crazy for piccalilli. Waitrose revealed orders for its food and drink to customers overseas are up by 20 per cent compared to 2016, through its partnership with online store British Corner Shop. Exports of its baked beans to France

  • Chief who made Google £550bn firm stands down after 17 years

    December 22, 2017 9:51 PM 18

    Eric Schmidt is stepping down as the top boss of Google’s parent company after 17 years at the helm. The 62-year-old helped take Google from a start-up of about 200 people to a technology giant worth £550billion and employing 72,000. He oversaw its reorganisation into the Alphabet group two years ago, which separated the internet-related business from the other

  • UK household savings at 'historically low' levels as disposable incomes are squeezed

    December 22, 2017 1:17 PM 9

    Households are saving less, taking on more debt and reining in spending as a mix of Brexit-induced higher inflation, falling real wages and austerity measures weigh on family budgets. Official data out today paints the picture of a country where the recent growth in spending is becoming increasingly unsustainable as it has outstripped disposable incomes

  • 'Waitrose of the north' sinks to £15m loss after storm Desmond damages stores and sales fall

    December 21, 2017 10:06 PM 21

    Posh northern supermarket Booths has been plunged further into the red after poor sales figures saw its losses more than double. The results will ramp up concerns over Booths’ finances, with the Lancashire-based supermarket reportedly looking for a buyer after being operated as a family business for five generations. Dubbed the ‘Waitrose of the North’

  • Dyson payout as legal dispute with ex-chief executive is settled

    December 21, 2017 11:49 AM 23

    The engineering firm confirms its legal dispute with Max Conze, who left the business in October, has been settled out of court. It is understood former chief executive Max Conze was handed the money as part of a deal to bring an end to all claims between the sides. Just last month the engineering group announced plans to bring a High Court case against

  • British iPhone chip supplier set to get a boost from Trump's US corporation tax cut

    December 20, 2017 9:50 PM 12

    A British iPhone chip supplier is set to get a boost from major US tax reforms pushed through by President Donald Trump. London-listed IQE said a corporation tax cut from 35 per cent to 21 per cent would help its American arm. The company makes chip technology used by the iPhone X's facial recognition system. But IQE group said that in the short term the changes

  • British households and businesses to get the LEGAL RIGHT to fast broadband by 2020 amid government crackdown

    December 20, 2017 1:22 PM 19

    Homes and businesses will have the legal right to demand high-speed broadband by 2020, the government has said. From 2020, broadband providers will be subject to a legal obligation to provide broadband users with speeds of at least 10Mbps. In confirming the new legal rule, the government's Department for Digital, Culture, Media & Sport, rejected BT's proposal