Wm. Morrison Supermarkets posted it first full-year profits in five years Thursday but cautioned on “uncertain” conditions for grocery store companies in 2017. Wm. Morrison Supermarkets plc posted it first full-year profits in five years Thursday but cautioned on “uncertain” conditions for grocery store companies in 2017.
Category: England, United Kingdom
Kenyan Minister Opposes Regulations to Break Up Vodafone Unit
Kenya’s government opposes using regulation to force East Africa’s biggest mobile operator Safaricom Ltd. to be broken up, after a draft study found the company is dominant in the country’s telecommunications industry, Information, Communications and Technology Secretary Joseph Mucheru said. The government disapproves of measures that would stifle innovation as it wants companies to expand by investing in new products and technology, Mucheru said in an interview Friday from the capital, Nairobi.
UK government loses Brexit case, must consult Parliament
Britain’s Supreme Court ruled Tuesday that Prime Minister Theresa May must get legislative approval to start the process of leaving the European Union, raising the possibility that lawmakers will delay her plans to trigger negotiations by the end of March. The 8-3 decision forces the government to put a bill before Parliament, giving members of the House of Commons and the unelected House of Lords the chance to debate and potentially offer amendments that could soften the terms of Britain’s exit from the EU, known as Brexit.
EasyJet Slips Off Pace Set by Ryanair on Terror, Brexit Squeeze
EasyJet Plc’s passenger count increased at less than half the pace of its low-cost rivals last year as Europe’s second-biggest discount carrier struggled with its exposure to the British and French travel markets. Customer numbers increased 6.6 percent to 74.4 million in 2016, Luton, England-based EasyJet said Friday.
Sweetgreen Is Going Fully Cashless In 2017
What’s in your wallet? In 2017, Sweetgreen will go fully cashless in all 64 of its stores after successfully testing the concept for about a year, cofounders Jonathan Neman and Nicolas Jammet tell Fast Company . Next year, the fast-casual restaurant chain plans on opening another 30 storefronts in the eight markets where it currently does business.
Flybe Names Ex-CityJet Head as New Chief to Lead Heathrow Push
Flybe Group Plc, Europe’s biggest regional airline, appointed Christine Ourmieres-Widener as its chief executive officer, succeeding Saad Hammad, who stood down in October after struggling to lift earnings. Ourmieres-Widener, an executive at Air France before she ran fellow regional operator CityJet Ltd. between 2010 and 2015, takes over Jan. 16, Flybe said in a statement Tuesday.