Category Archives: Business

George Clooney sells his tequila company for up to $1bn

A tequila company co-founded by George Clooney has been sold to UK drinks firm Diageo for up to $1bn (£790m). The company behind Smirnoff, Johnnie Walker and Baileys announced it would buy Casamigos, created four years ago by the American actor, together with Cindy Crawford’s husband Rande Gerber and property developer Mike Meldman. Diageosaid it was the fastest-growing… Read More »

UK manufacturing soars thanks to weak pound and global recovery

Britain’s manufacturers are enjoying the strongest demand for their products in almost 30 years as a recovering global economy and a weaker pound boost order books. The monthly snapshot from the CBI found that export and total order books were both at their highest for decades – providing some hope that a stronger manufacturing sector would cushion the… Read More »

Two IPOs to hit market this week, eye Rs 1,000 cr

Aiming to tap the upbeat investor sentiment, two companies – CDSL and GTPL Hathway – will launch initial public offers (IPOs) this week to raise over Rs 1,000 crore. The bidding in BSE-promoted CDSLs IPO will begin on June 19 and close on June 21, while that of GTPL Hathway, part of Hathway Cable and Datacom Ltd, will… Read More »

Brexit: EU pushes ahead with plans to take control of London’s clearing business

The European Union is pushing ahead with plans to assert control over the clearing of euro-denominated derivatives, a politically charged step that could force firms to move from London to the EU after Brexit. The European Commission has drafted a law for firms deemed systemically important to the EU financial system to accept direct oversight by the bloc’s authorities, or… Read More »

Body Shop sale moves closer as L’Oreal talks to Natura

French cosmetics group L’Oreal has begun “exclusive” talks with Brazilian make-up company Natura Cosmeticos over the sale of its Body Shop business. L’Oreal said that Natura had made a “firm” offer valuing the company at 1bn euros (£880m). Earlier this year, L’Oreal said it was reviewing its strategy for the chain, which it bought for £652m in 2006.… Read More »

UK industrial output weaker than expected

The UK’s industrial output rose by much less than expected in April, according to official data. Output rose by just 0.2% in the month, much lower than the 0.8% increase forecast by economists. Manufacturing output – a key component of overall industrial output – grew by 0.2%, which was also much weaker than expected. Separate figures from the… Read More »

New Specs Coming to Google Shopping Feed, But What is It?

It is that time of year again when the changes to the Google Shopping Product Data Specification are announced. And for 2017, Google (NASDAQ:GOOGL) wants to improve the user experience by providing more information on minimum order value, shipping-related attributes and handling time. If you don’t know what the Google Shopping Feed is, read on. For now, it… Read More »

Secrets Revealed: SAP Offers Powerful Software for Your Small Business

Business owners know they’re only as good as their reputation. That holds for big businesses as well. But sometimes having a good reputation is a hurdle to overcome. SAP (NYSE:SAP), a global software company, for instance, has a sterling reputation for providing some of the best software for businesses — big businesses. The truth is, however, SAP has developed several… Read More »

Chow Down on These 20 Dos and Don’ts for Business Dinner Etiquette

Despite the opportunities for networking and planning, business dinners can also be tricky if you trample basic taboos. (And this is not just about knowing which one is the salad fork!) So before you go to your next business dinner, check out these top tips for business dinner etiquette. Business Dinner Etiquette Do’s and Don’ts DO Show Up on… Read More »

Continental drift – Investors embrace Europe, ex-UK

Global investors are distinguishing between the UK and the rest of Europe as part of a fundamental reassessment of what investing in the region means, reflecting growing enthusiasm for Europe’s broad economic prospects and nervousness about thorny and possibly protracted Brexit negotiations. That has meant the forceful emergence this year of “Europe ex-UK” as an investment class, as… Read More »