12 h. ago Guinness and Johnnie Walker owner Diageo ‘could sell Chinese assets’

Reported move would be part of new CEO Dave Lewis’s streamlining of world’s largest spirits makerBusiness live – latest updatesDiageo’s new boss, Dave Lewis, has barely started in the role, and the maker of Guinness and Johnnie Walker is already reportedly considering selling off its Chinese assets to trim down its portfolio.The world’s largest spirits maker, whose other brands include Smirnoff vodka, Captain Morgan rum and Don Julio tequila, is working with Goldman Sachs and UBS to review its operations in China, where sales have been falling, according to Bloomberg News. Continue reading...

Politics

7 d. ago Gary Neville sells majority stake in The Overlap to radio giants

MIKE KEEGAN: The former Manchester United and England defender's firm The Overlap - which includes flagship show Stick to Football - will now produce more shows and content.

Politics

1 week ago The safest African country is a tropical island with white sands, year

THE safest country to visit in Africa has been revealed - and its a tropical island paradise. Mauritius is known for its beautiful beaches, year-round warm weather and safe-to-swim waters. And the African island has been named the safest place to visit in Africa by Altezza Travel. The south-east African country also ranked top within...

Events

1 week ago Smart sensor from Donegal helps protect clean water in Uganda

A smart sensor, developed in Donegal, is being used to detect faults in rural water supplies in Uganda.

Politics

2 w. ago BP to sell majority stake in $10bn Castrol business to US investment firm

Stonepeak will acquire 65% of lubricants business as part of wider plans for the oil company to pay down its debtBusiness live – latest updatesBP has agreed to sell a majority stake in its $10bn (£7.4bn) lubricants business Castrol to the US investment company Stonepeak, as the new chair, Albert Manifold, rapidly reshapes the under-pressure oil and gas company.Stonepeak will acquire a 65% stake in Castrol, in a deal that values the division at $10.1bn including its debt. The deal, in which BP will retain a 35% stake in the business through a joint venture, is expected to close at the end of next year, the company said on Wednesday. Continue reading...

Economics

2 w. ago BP agrees deal to sell £7.4bn stake in Castrol to US investment firm

Stonepeak will acquire 65% of lubricants business as part of wider plans for the oil company to pay down its debtBusiness live – latest updatesBP has agreed to sell a majority stake in its $10bn (£7.4bn) lubricants business Castrol to the US investment firm Stonepeak, as the new chair, Albert Manifold, rapidly reshapes the under-pressure oil and gas company.Stonepeak will acquire a 65% stake in Castrol, in a deal that values the division at $10.1bn including its debt. The deal, in which BP will retain a 35% stake in the business through a joint venture, is expected to close at the end of next year, the company said on Wednesday. Continue reading...

Economics

3 w. ago Diageo to sell majority stake in East African beer business for £1.7bn

The Guinness owner is seeking to sell off ‘non-core’ parts of the business in order to boost its finances.

Economics