Marmite may be sold by Unilever?

Creative Media NewsSunday, 24 March 2024, 23:000

A month ago, when the newly-appointed Dutch CEO of Unilever, Hein Schumacher, addressed analysts, his discontent with the largest ice cream company in the world was evident.Despite the worldwide warming phenomenon, iconic brands, including luxury connoisseur Magnum, eccentric Ben & Jerry's, and traditional Wall's, she endured a disastrous year. Although sales volumes had decreased by 6 per cent, the value had increased.

Trump to make billions in stock market deal

Creative Media NewsSaturday, 23 March 2024, 21:000

It appears that Donald Trump is in a financial bind, scrambling to pay a $464 million (£365 million) fraud sanction. Might the stock market be able to save him?Trump Media, the operator of the social media platform Truth Social, is on the verge of becoming a publicly traded organisation following Friday's majority vote of Digital World Acquisition Corp shareholders to acquire it.

Sachdev may replace Staunton, fired Post Office chairman

Creative Media NewsSaturday, 23 March 2024, 14:000

Kemi Badenoch is considering a limited number of candidates, including Neil Sachdev, the chairman of the state-owned Land Registry, for the position of interim chair of the Post Office.Ministers are contemplating the chairman of the Land Registry as a possible successor to Henry Staunton, the departing chairman of the Post Office, who was removed from his position earlier this year.

Shohei Ohtani’s interpreter sacked for theft-related claims

Creative Media NewsThursday, 21 March 2024, 16:510

Ippei Mizuhara, the longtime interpreter for baseball superstar Shohei Ohtani, was terminated by the Los Angeles Dodgers on account of theft allegations associated with unlawful gambling.ESPN reports that Ohtani transmitted a minimum of $4.5 million (£3.5 million) from his bank account to a bookmaker. Ohtani has not been charged with any crime.Mr. Mizuhara discussed his gambling obligations with the sports network on Tuesday.

Lenders promise banking hub revamp amid cash access dispute

Creative Media NewsWednesday, 20 March 2024, 23:000

As tensions rise between the government and Labour, high street banks have pledged to finance 225 hubs throughout the United Kingdom and diversify their services.Amid escalating political concerns regarding cash accessibility, Britain's largest high street lenders have committed to enhance dozens of shared banking centres and establish over one hundred new locations.

Flying taxis could launch in two years under new drone proposal

Creative Media NewsWednesday, 20 March 2024, 22:400

By the decade's end, the Future of Flight Action Plan also anticipates the widespread implementation of crime-fighting drones and critical 999 care deliveries.A piloted hovering taxi could be operational in the United Kingdom within two years.The Future of Flight action plan, published by the Department for Transport (DfT), includes a proposal to operate taxis without pilots present by the year 2030.

Japanese interest rates rise for first time in 17 years

Creative Media NewsWednesday, 20 March 2024, 11:290

Borrowing costs have increased by the Japanese central bank for the first time in seventeen years.The main interest rate of the Bank of Japan (BOJ) was raised from -0.1% to a range of 0%-0.1%. It comes as salaries have increased in tandem with rising consumer prices.The bank reduced the rate to zero in 2016 in an effort to stimulate the economy, which had become stagnant.

Unilever will lay off 7,500 workers

Creative Media NewsTuesday, 19 March 2024, 10:530

To "maximize returns for shareholders," the company intends to divest its extensive ice cream business to realize cost reductions in other areas.Unilever, the manufacturer of consumer products such as Marmite and Domestos, has disclosed its intention to reduce its workforce by 7,500 employees worldwide.

How troubled is Boeing?

Creative Media NewsSunday, 17 March 2024, 18:000

Piloting a Boeing 737 Max is described by Captain Dennis Tajer as "observing a troubled child."The pilots union for American Airlines, the Allied Pilots Association, is led by its president, who asserts that he would never board an unsafe aircraft.However, he declares that he must recognize the calibre of the aircraft he is operating.

Chancellor told: EU’s £7bn bombshell cripples our investments

Creative Media NewsSunday, 17 March 2024, 15:381

In a letter to the Chancellor this week, city administrators demanded that he eliminate absurd European Union regulations that harm savers.Sir Douglas Flint, one of the most esteemed personalities in finance and chairman of investment firm Abrdn, is among the over 130 money managers who have signed the letter to Jeremy Hunt.

Energy firms won’t provide new smart meter displays

Creative Media NewsSunday, 17 March 2024, 9:310

The inability of households throughout the United Kingdom to monitor their energy consumption is due to the refusal of their suppliers to provide replacement in-home displays for their smart meters. According to information provided by readers to This is Money, utility companies have denied their request for a new display device. As a result, although...

John Lewis profits, partners bonus miss, job cuts

Creative Media NewsSaturday, 16 March 2024, 9:560

Waitrose was primarily responsible for the company's strong financial performance in the previous year.John Lewis has returned to profitability after a three-year absence; however, its employees continue to be subjected to job cuts and an additional year without a bonus.Profit of £56 million was reported by the corporation that operates the John Lewis department stores and Waitrose grocery stores, following a loss of £234 million in the preceding fiscal year.

Most Popular

Most Popular

categories

Highlights

Highlights

Business News

Grid News

Latest Post

Useful Links

Latest News

Latest Business News