Sabah Meddings
UK Business Reporter at Bloomberg News
Covering UK business, drinks and tobacco for @Business. Previous: Chief Business Correspondent at The Sunday Times. DMs open.
Articles
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3 weeks ago |
fortune.com | Sabah Meddings
The Remy Martin Cognac maker, which last month appointed a new chief executive officer, scrapped its targets for the 2029-30 financial year. This year, it forecast organic sales growth returning to a mid-single-digit rate. The shares fell as much as 3% in early Paris trading, bringing the decline over the past year to about 46%.
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3 weeks ago |
bloomberg.com | Sabah Meddings
A bottle of Remy Martin VSOP Mature Cask Finish Cognac is arranged for a photograph at the Remy Cointreau SA headquarters Club in Cognac, France, on Friday, Dec. 9, 2016. Luxury spending is set to benefit if U.S. President-elect Donald Trump succeeds in lowering U.S. taxes, spurring rich consumers to buy more, according to the CEO of French cognac maker Remy Cointreau SA.
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3 weeks ago |
news.bloomberglaw.com | Sabah Meddings
Remy Cointreau SA withdrew its long-term guidance, blaming uncertainties surrounding tariff policies with the US and China and a stunted recovery in the American market. The Remy Martin Cognac maker, which last month announced that Franck Marilly would take over as chief executive officer, scrapped its targets for the 2029-30 financial year. For the current year, it forecast organic sales growth returning to a mid-single digit rate.
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3 weeks ago |
bloomberg.com | Lucca de Paoli |Sabah Meddings
Jose Alejandro Zamora Yrala in London, on June 2. Photographer: Chris J. Ratcliffe/Bloomberg(Bloomberg) -- The director of a firm at the center of a global investigation into bogus airplane parts appeared at a London court for the first time on Monday. Jose Alejandro Zamora Yrala was charged with fraudulent trading by the UK’s Serious Fraud Office. Wearing a blue suit and tie with a red handkerchief tucked into his top pocket, spoke only to confirm his name, date of birth and address.
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4 weeks ago |
bloomberg.com | Sabah Meddings
Asda has been struggling to retain market share. (Bloomberg) -- Asda has promised to keep slashing prices to widen the gap with rival supermarket chains, as Chairman Allan Leighton seeks to win back customers. Britain’s third-biggest grocer is now between 3% and 6% cheaper than its competitors, and Leighton said that gap would continue to grow as Asda cuts prices further.
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NEW: The director of AOG Technics, at the centre of a global investigation into bogus airplane parts, appeared at a London court for the first time today. Jose Alejandro Zamora Yrala was charged with fraudulent trading by the UK’s Serious Fraud Office. https://t.co/X0MrziBKOX
RT @JamieNimmo63: Liad Meidar, managing partner of activist investor Gatemore, has moved out of the UK, becoming the latest to quit the cou…
Breaking: The UK's Serious Fraud Office has charged the director of the company at the centre of a fake plane parts probe, which it said left planes grounded. The SFO has charged AOG Technics Ltd's director, Jose Zamora Yrala with fraudulent trading. https://t.co/KojgAOakv7