Business NEWS

Associated British Foods acquires Premier Food’s ethnic flour business

UK-based food, ingredients and retail group Associated British Foods plc (LON:ABF) on Friday said it was buying the Elephant Atta ethnic flour business of Premier Foods Plc (LON:PFD) for a cash price of … Continue reading “Associated British Foods acquires Premier Food’s ethnic flour business”


Wage subsidies brought forward to address youth unemployment in 20 “hotspots”

Areas of the UK with high levels of youth unemployment are to benefit earlier from government help designed to tackle the problem, Deputy Prime Minister Nick Clegg announced today. Under the plan, wage … Continue reading “Wage subsidies brought forward to address youth unemployment in 20 “hotspots””


Airline pilot apprenticeships unveiled by UK government

The UK government announced today an expansion of the higher apprenticeships scheme to include sectors such as aviation, low carbon engineering, legal services and space engineering. In the second round of the GBP25m … Continue reading “Airline pilot apprenticeships unveiled by UK government”


London-listed Sage enters Brazilian market with £125m acquisition of Folhamatic

British business management software firm Sage Group Plc (LON:SGE) unveiled on Wednesday its entrance into the Brazilian market through the GBP125m (USD197m/EUR155m) acquisition of a 75% stake in local accounting, tax and payroll … Continue reading “London-listed Sage enters Brazilian market with £125m acquisition of Folhamatic”


Home Retail Group reports slowdown in sales decline at Argos

UK-based household goods retailer Home Retail Group plc (HRG) (LSE:HOME), which owns Argos and Homebase, reported today that sales at Argos fell at a slower rate in its first quarter, while sales at … Continue reading “Home Retail Group reports slowdown in sales decline at Argos”


UK businesses favour more free trade but less integration in Europe

British businesses value free trade with other countries across Europe but are unsure about the value of deeper integration in the European Union, according to a new survey from the British Chambers of … Continue reading “UK businesses favour more free trade but less integration in Europe”


Thousands of professionals in the UK working part-time hours

Part-time work is not just for low level jobs, a new survey has shown. Timewise, a UK-based jobs website dedicated to professional part-time jobs, has found that one in ten part-time workers are … Continue reading “Thousands of professionals in the UK working part-time hours”


Concerns over London-listed miner ENRC’s Congo deals

A need for greater scrutiny of UK mining deals in the Democratic Republic of Congo (DRC) was highlighted on Tuesday by campaigners questioning the use of opaque off-shore companies to buy some of … Continue reading “Concerns over London-listed miner ENRC’s Congo deals”


Tesco sales down again in UK market

UK-based supermarket retailer Tesco plc (LSE:TSCO) announced today a further decrease in quarterly sales in its home market. The retail giant said that like-for-like sales in the UK, excluding petrol and VAT, declined … Continue reading “Tesco sales down again in UK market”


US-based IntercontinentalExchange tables final bid for London Metal Exchange

US futures exchanges operator IntercontinentalExchange Inc (NYSE:ICE) has made a final bid of GBP1.3bn (USD2bn/EUR1.6bn) to buy the London Metal Exchange (LME), according to a report in the Sunday Telegraph. Hong Kong Exchanges … Continue reading “US-based IntercontinentalExchange tables final bid for London Metal Exchange”


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