Markets
CYBG to acquire Virgin Money for £1.7bn in shares
The deal adds to a number of transactions among a handful of smaller banks in the United Kingdom as they seek to raise funds and steal business from Britain's top-four lenders. CYBG Chairman Jim Pettigrew, Chief Executive Officer David Duffy and CFO Ian Smith will retain their current positions in the new group, according to the statement. [Full Article...]
Audi CEO arrested in Germany over diesel scandal
Stadler was under investigation for malpractice in the emissions cheating scandal at Volkswagen . FILE PHOTO: Audi head of the board Herbert Diess (L) and CEO Rupert Stadler attend company's annual shareholders meeting in Ingolstadt, Germany May 9, 2018. [Full Article...]
Audi chief exec Rupert Stadler arrested
Stadler". The Munich prosecutors said Mr Stadler's arrest was not made at the behest of United States authorities. "The hearing to determine whether he will be remanded is ongoing", a spokesman for parent company Volkswagen said. German authorities earlier this month ordered the recall of some 60,000 Audi A6 and A7 cars across Europe to remove illegal emissions control software, using a diff... [Full Article...]
Canada finds unapproved GMO wheat in Alberta
The Canadian Food Inspection Agency announced on Thursday a dozen wheat plants tested had found to be genetically modified to tolerate herbicide. The organization at that point narrowed down the manufacturer for the plant to be Monsanto, the agrochemical and biotechnology titan. [Full Article...]
Tesco delivers the goods as sales continue to rise
Tesco, forced to rebuild after a 2014 accounting scandal capped a dramatic downturn in trading, said a move to lower prices on fresh food brands towards the end of its first quarter reflected a growing confidence in its performance. The shares are outperforming the broader United Kingdom market, with the benchmark FTSE 100 index having slipped marginally into the red and now standing 0.12 percent ... [Full Article...]
McDonald's to test plastic-straw alternatives in USA later this year
The old plastic straws will be replaced with paper ones which can be recycled. "Paper straws will be rolling out to all United Kingdom restaurants from this September!" the fast-food giant announced on Twitter this morning. McDonald's is not alone in its plastic straw ban. Michael Gove, U.K. Secretary of State for Environment, Food and Rural Affairs, called the shift a "significant contribut... [Full Article...]
Is Canada Goose Holdings Inc (TSE:GOOS) Potentially Underrated?
Canada Goose now has seven brick-and-mortar stores in seven cities including London, New York, Toronto, Boston, Chicago, Calgary and Tokyo. The stock now has an average rating of "Buy" and a consensus target price of $40.43. The company has a quick ratio of 1.24, a current ratio of 2.22 and a debt-to-equity ratio of 0.56. Credit Suisse Group assumed coverage on shares of Canada Goose in a repor... [Full Article...]
McDonalds menu change: Chain announces paper straws amid McDelivery
McDonald's has announced that from September it will begin the process of transferring to paper straws in all 1,361 of its restaurants. This decision follows a successful trial in selected restaurants earlier this year. But not everyone thinks total bans are the answer. Plastic straws enable many disabled people to drink independently , according to Baroness Tanni Grey-Thompson. [Full Article...]