News

Dairy Crest to launch prebiotic drink as it raises £70m to expand cheese production

Dairy Crest is preparing to launch a prebiotic drink, its first new consumer brand to hit the market in years. The drink, which is being made at Dairy Crest’s Davidstow cheese factory in Cornwall, will be sold as a syrup […]

Barclays and Standard Chartered merger speculation gets a cool reception

The City has questioned the rationale of any mega-merger between Barclays and FTSE 100 banking rival Standard Chartered, following speculation that Barclays was considering merger options. Investors and analysts lined up to pour cold water on talk of a tie-up […]

M&S profits plunge on store closure costs

Marks & Spencer has unveiled another year of falling profits as the high street giant counts the cost of its transformation programme. The retailer reported a 62.1pc fall in pre-tax profit to £66.8m in the year to March 31 as […]

French star Paul Pogba performs Umrah in Makkah ahead of World Cup

Manchester United and France midfielder Paul Pogba returned to Makkah this week, marking the start of Ramadan with an Umrah pilgrimage. In an Instagram post, Pogba said: “Only the person who comes here, that can understand the feeling. So I […]

UAE made no effort to influence US election, says Gargash

The UAE made “no effort” to influence the 2016 elections in the United States, even while maintaining contact with representatives of the Donald Trump and Hillary Clinton presidential campaigns, according to Minister of State for Foreign Affairs Dr. Anwar Gargash. […]

New ownership, visa rules to boost employment, free Emiratis from liability

The UAE’s new foreign ownership and visa rules send a message that the country is “open for business” and help employers while at the same time freeing Emiratis of the liabilities they face as local partners, according to lawyers, free […]

Ordinary drivers face being priced off the road by electric car proposals

Ordinary motorists face being priced out of driving if the Government goes ahead with proposals demanding that by 2040 every car can cover 50 miles on electric power. The warning came from Toyota to the business select committee as it […]

BP halts work on Iranian-owned field as US sanctions loom

BP has delayed its plans to drill a fresh well at one of its North Sea gas fields due to concerns that its Iranian partner could put the oil major in breach of looming US sanctions. BP was due to […]

Two million homes to get fibre broadband every year as Hammond pledges to modernise economy

Two million homes and businesses should be connected to full fibre broadband every year for the next seven years to modernise Britain’s economic infrastructure, the Chancellor has demanded. The UK economy lags its neighbours and Philip Hammond said one way […]

BT signs four-year extension to football TV production deal

BT Sport has agreed a four-year extension to its deal with the specialist producer sports Sunset+Vine, in a move that cuts costs and secures coverage until its latest football rights deal with the Premier League expires. Sunset+Vine will continue to […]