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Morrisons and Tesco shine in Christmas sales battle

Morrisons and Tesco shine in Christmas sales battle

Despite tightening household budgets, shoppers continued to trade up to more expensive options: a record £469m was spent on premium own label lines in December alone with chilled items, fresh meat and bakery featuring prominently. "Rising to the challenge, Aldi and Lidl collectively managed to attract almost one million additional households during the past three months", he added. Consulte Mais Informação

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New minimum wage ready this year - Ngige

New minimum wage ready this year - Ngige

He revealed that the National Committee on minimum wage , had commenced work and would likely conclude its mandate by the third quarter of this year. "President Buhari is monitoring it strictly, and I am monitoring it too". Though the federal minimum wage remains $7.25 per hour, many states have opted to implement their own, higher rates that local employers must observe. Consulte Mais Informação

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Revenues soar at Persimmon

Revenues soar at Persimmon

Persimmon said that it experienced healthy customer demand for new homes through the autumn sales season, with the value of its forward sales book standing at £1.35 billion, 10% ahead of 2016. The company is slated to release its full-year results on February 27. "However, we are keen to deliver further improvement in our housing output and remain ready to invest wherever the local planning environment is supportive", it added. Consulte Mais Informação

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United Kingdom retail sales show marginal growth over Christmas

United Kingdom retail sales show marginal growth over Christmas

Over the quarterly period ending December 30, in-store sales of non-food items declined 3.7 per cent on a total basis and 4.4 per cent on a like-for-like basis - the deepest since the Retail Sales Monitor began in December 2012. There was better news for pubs and restaurants , however, where there was 8.3pc and 9.7pc year-on-year respective growth in December. "Grocers benefited from festive feasts, but growth elsewhere on the high street was otherwise rather muted for the time of year", he ... Consulte Mais Informação

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BOT clarifies on Phillip Securities' Bitcoin futures trading service

BOT clarifies on Phillip Securities' Bitcoin futures trading service

Fund managers thought the proposals had a chance at winning approval, given the launch last month of futures contracts based on bitcoin on both the CME and the CBOE exchanges. Created to allow investors exposure to bitcoin through a recognised financial instrument, without actually having to own the cryptocurrency, the introduction of bitcoin futures has been a controversial move. Consulte Mais Informação

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'Proposed blanket safeguard duty on solar panels, cells likely to hurt SEZs'

'Proposed blanket safeguard duty on solar panels, cells likely to hurt SEZs'

The ministry's document said China's solar exports to India constituted 1.52 percent of its total global exports during 2012, a figure that surged to nearly 22 percent in 2016. Levying duty on domestic manufacturers can also lead to an increase in the cost of power that will discourage the domestic industry", he added. Indigenous manufacturers located in SEZ will caught on the wrong foot in case a Safeguard Duty is imposed on all imported solar modules and cells. Consulte Mais Informação

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Kapil Mohan, the creator of 'Old Monk' rum, dies at 88

Kapil Mohan, the creator of 'Old Monk' rum, dies at 88

According to reports, Mohan was extremely unwell in the last few days and died of a cardiac arrest in Ghaziabad's Mohan Nagar Area. Launched in 1954, Old Monk was the largest selling dark rum in the world for a long time. He eventually sold the company's Lucknow facility to the Wave group of Ponty Chadha. Mohan Meakin produced Asia's first beer Lion. "That is the best advertisement". Consulte Mais Informação

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Pakistan may block US Troops' supply path to Afghanistan

Pakistan may block US Troops' supply path to Afghanistan

Corker has previously blocked foreign military financing for Pakistan until the country takes sufficient action against the Haqqanis. Diplomats hinted that Pakistan may sever logistical support for USA forces in Afghanistan after Washington froze at least $900 million in assistance and demanded "decisive action" from Islamabad to cut off covert support for Islamist groups, including the Taliban and its affiliate, the Haqqani network. Consulte Mais Informação

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Hong Kong Stocks Overdue For Correction

Hong Kong Stocks Overdue For Correction

Chinese H-shares listed in Hong Kong rose 0.32 per cent to 12,274.24, while the Hang Seng Index was up 0.37 percent at 31,014.32. But the benchmark Shanghai Composite Index dipped 0.10 per cent, or 3.37 points, to 3,406.11 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, was down 0.07 per cent, or 1.41 points, at 1,944.57. Consulte Mais Informação

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One dead, one hurt in blast outside Stockholm area metro

One dead, one hurt in blast outside Stockholm area metro

Stockholm County Police said a man, reportedly aged 60, had been hurt after picking an object off the ground. Swedish media are reporting that the object was a hand grenade . The man was taken the hospital but his injuries proved fatal. In the United States, right-wing outlets such as Infowars and Breitbart have cited the explosions as evidence that US President Donald Trump is right in concluding that more open immigration policies mean more crime. Consulte Mais Informação

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Altice NV spinning off Altice USA

Altice NV spinning off Altice USA

Altice Europe and Altice USA will be managed by two distinct management teams, focused exclusively on the performance in their respective markets. ( ATUS ) from Altice NV, which will be renamed "Altice Europe". Each unit will have its own management team - Altice N.V. founder Patrick Drahi will remain in control of both companies and will serve as president of the Board of Altice Europe and Chairman of the Board of Altice USA. Consulte Mais Informação

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Atlantic City's TEN is SOLD

When fully operational, the property will provide between 2500-3000 jobs to Atlantic City , contributing greatly to the city's economic resurgence. The property has an attached parking structure with 7,700 spaces making all of its hotel, casino and entertainment venues easily accessible for all guests. Consulte Mais Informação

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