Coca-Cola is making a big push into coffee

Coca-Cola isn’t new to coffee, but the global beverage giant is planning on making a big push into the industry this year. The company is releasing Coca-Cola Coffee in more than 25 markets around the world by the end of 2019. The drink, which blends Coke with coffee, has slightly less caffeine than a normal cup of coffee but more than a can of the soda. Coca-Cola Coffee contains less sugar than a Coke of the same size. Ready-to-drink coffee is the fastest growing segment in the coffee category,


Coca-Cola isn’t new to coffee, but the global beverage giant is planning on making a big push into the industry this year. The company is releasing Coca-Cola Coffee in more than 25 markets around the world by the end of 2019. The drink, which blends Coke with coffee, has slightly less caffeine than a normal cup of coffee but more than a can of the soda. Coca-Cola Coffee contains less sugar than a Coke of the same size. Ready-to-drink coffee is the fastest growing segment in the coffee category,
Coca-Cola is making a big push into coffee Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: amelia lucas, yui mok, pa images, getty images
Keywords: news, cnbc, companies, coffee, revenue, consumers, making, billion, growth, big, quincey, push, company, growing, coke, cocacola


Coca-Cola is making a big push into coffee

Coca-Cola isn’t new to coffee, but the global beverage giant is planning on making a big push into the industry this year.

The company is releasing Coca-Cola Coffee in more than 25 markets around the world by the end of 2019.

“Coke Coffee was designed to reach consumers during specific occasions and channels like the mid-afternoon energy slump at work,” CEO James Quincey told analysts Tuesday.

The drink, which blends Coke with coffee, has slightly less caffeine than a normal cup of coffee but more than a can of the soda.

The move comes as consumers have shifted from drinking soda to choosing less sugary options, like bottled water and Coca-Cola Zero Sugar. Coca-Cola Coffee contains less sugar than a Coke of the same size.

The drink also allows the company to capitalize on a trend that is working: coffee. Ready-to-drink coffee is the fastest growing segment in the coffee category, growing 31% in 2016 and 2017, according to Mintel. Chilled coffee drinks such as cold brew are also growing in popularity with consumers. From 2013 to 2017, cold coffee grew at least 10% annually in the U.S., Mintel research found. The trend is less appreciated by European consumers, who tend to experiment less.

So far, Coke’s coffee business has largely been focused in Japan, where canned coffee has been popular in vending machines for decades. The Atlanta-based company’s Georgia Coffee brand has surpassed $1 billion in sales and expanded to other Asian countries.

Coke first tried to introduce coffee to its namesake brand back in 2006. The company discontinued the short-lived Coca-Cola Blak two years later.

In 2017, Coke took another whack at it, introducing Coca-Cola Plus Coffee in Australia. The following year, the company brought it to Asia for more tests after retooling the formula to heighten the coffee aroma.

“The early results are very promising, delivering incremental growth for the Coca-Cola brand with very little cannibalization,” Quincey told analysts in July.

The company also plans to start selling ready-to-drink Costa coffee products in European markets during the second quarter. Coke purchased the British coffee chain for $5.1 billion including debt and closed the deal in January.

“We’re in early days of working out exactly how we’re going to bring to life the synergy plans for greater revenue growth and profit growth,” Quincey said on CNBC’s “Squawk on the Street.”

Coke’s stock rose 2% in morning trading Tuesday after the company reported earnings and revenue that beat Wall Street’s estimates. The beverage giant earned 48 cents per share from continuing operations, beating the 46 cents per share expected by analysts surveyed by Refinitiv. Revenue rose 5% to $8.02 billion, topping expectations of $7.88 billion.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: amelia lucas, yui mok, pa images, getty images
Keywords: news, cnbc, companies, coffee, revenue, consumers, making, billion, growth, big, quincey, push, company, growing, coke, cocacola


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Facebook says it ‘unintentionally uploaded’ 1.5 million users’ email contacts without permission

Social networking giant Facebook said on Wednesday evening it may have “unintentionally uploaded” the email contacts of up to 1.5 million users on its site, without their permission or knowledge, when they signed up for new accounts since May 2016. Those contacts were not shared with anyone and Facebook is deleting them, a company spokesperson told CNBC. People can also review and manage contacts they share with Facebook in their settings,” the spokesperson said. Facebook said it used to have a


Social networking giant Facebook said on Wednesday evening it may have “unintentionally uploaded” the email contacts of up to 1.5 million users on its site, without their permission or knowledge, when they signed up for new accounts since May 2016. Those contacts were not shared with anyone and Facebook is deleting them, a company spokesperson told CNBC. People can also review and manage contacts they share with Facebook in their settings,” the spokesperson said. Facebook said it used to have a
Facebook says it ‘unintentionally uploaded’ 1.5 million users’ email contacts without permission Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: saheli roy choudhury, niall carson, pa images, getty images
Keywords: news, cnbc, companies, million, facebook, uploaded, 15, unintentionally, process, spokesperson, email, giant, step, site, users, permission, contacts


Facebook says it 'unintentionally uploaded' 1.5 million users' email contacts without permission

Social networking giant Facebook said on Wednesday evening it may have “unintentionally uploaded” the email contacts of up to 1.5 million users on its site, without their permission or knowledge, when they signed up for new accounts since May 2016.

Users affected by that incident were not just limited to the United States, according to a source familiar with the matter.

Those contacts were not shared with anyone and Facebook is deleting them, a company spokesperson told CNBC.

“We’ve fixed the underlying issue and are notifying people whose contacts were imported. People can also review and manage contacts they share with Facebook in their settings,” the spokesperson said.

Business Insider first reported the news and said a security researcher noticed the tech giant was prompting some users to type in their email passwords when they opened an account to verify their identity.

Facebook said it used to have a step in the account verification process where some users had the option to confirm their email address and voluntarily import their email contacts onto the site. The feature was meant to help them find their friends more effectively and improve ads, according to the company.

That process was redesigned in May 2016. While the language, which explained the step, was removed, the feature itself was not, Facebook said. Hence, email contacts were still being uploaded to the site without users being aware of that fact.


Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: saheli roy choudhury, niall carson, pa images, getty images
Keywords: news, cnbc, companies, million, facebook, uploaded, 15, unintentionally, process, spokesperson, email, giant, step, site, users, permission, contacts


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Ireland is adequately prepared for a disorderly Brexit, finance minister says

Ireland is adequately prepared for a disorderly Brexit, finance minister says7 Hours AgoThe U.K.’s recently-granted Brexit extension is seen as a positive development in Ireland, but the government is encouraging Irish companies to make all necessary preparations to cope with a potential disorderly Brexit, Irish Finance Minister Paschal Donohoe told CNBC’s Joumanna Bercetche during the IMF Spring Meetings in Washington, D.C.


Ireland is adequately prepared for a disorderly Brexit, finance minister says7 Hours AgoThe U.K.’s recently-granted Brexit extension is seen as a positive development in Ireland, but the government is encouraging Irish companies to make all necessary preparations to cope with a potential disorderly Brexit, Irish Finance Minister Paschal Donohoe told CNBC’s Joumanna Bercetche during the IMF Spring Meetings in Washington, D.C.
Ireland is adequately prepared for a disorderly Brexit, finance minister says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-14  Authors: niall carson, pa images, getty images
Keywords: news, cnbc, companies, prepared, minister, brexit, told, ireland, adequately, spring, uks, washington, finance, disorderly, irish


Ireland is adequately prepared for a disorderly Brexit, finance minister says

Ireland is adequately prepared for a disorderly Brexit, finance minister says

7 Hours Ago

The U.K.’s recently-granted Brexit extension is seen as a positive development in Ireland, but the government is encouraging Irish companies to make all necessary preparations to cope with a potential disorderly Brexit, Irish Finance Minister Paschal Donohoe told CNBC’s Joumanna Bercetche during the IMF Spring Meetings in Washington, D.C.


Company: cnbc, Activity: cnbc, Date: 2019-04-14  Authors: niall carson, pa images, getty images
Keywords: news, cnbc, companies, prepared, minister, brexit, told, ireland, adequately, spring, uks, washington, finance, disorderly, irish


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Facebook spent $20 million last year on Zuckerberg’s personal security, up 4 times from 2016

Facebook on Friday announced that it allocated CEO Mark Zuckerberg $20 million for security purposes — that’s four times what he received for security in 2016. The company said Zuckerberg received nearly $10 million in 2018 for his standard personal security, plus an additional pre-tax allowance of $10 million, new this year, “to cover additional costs related to Mr. Zuckerberg and his family’s personal security.” Zuckerberg received $7.6 million and $5.1 million for security in 2017 and 2016,


Facebook on Friday announced that it allocated CEO Mark Zuckerberg $20 million for security purposes — that’s four times what he received for security in 2016. The company said Zuckerberg received nearly $10 million in 2018 for his standard personal security, plus an additional pre-tax allowance of $10 million, new this year, “to cover additional costs related to Mr. Zuckerberg and his family’s personal security.” Zuckerberg received $7.6 million and $5.1 million for security in 2017 and 2016,
Facebook spent $20 million last year on Zuckerberg’s personal security, up 4 times from 2016 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-12  Authors: salvador rodriguez, niall carson, pa images, getty images
Keywords: news, cnbc, companies, 20, 2016, security, zuckerbergs, received, personal, used, increase, costs, zuckerberg, spent, times, facebook, million


Facebook spent $20 million last year on Zuckerberg's personal security, up 4 times from 2016

Facebook on Friday announced that it allocated CEO Mark Zuckerberg $20 million for security purposes — that’s four times what he received for security in 2016.

The increase shows up in a Friday afternoon financial filing, which showed Zuckerberg’s compensation more than doubled from $9.1 million in 2017 to $22.6 million in 2018.

However, that increase is nearly all attributable to higher security costs. The company said Zuckerberg received nearly $10 million in 2018 for his standard personal security, plus an additional pre-tax allowance of $10 million, new this year, “to cover additional costs related to Mr. Zuckerberg and his family’s personal security.”

These funds are used to cover security at Zuckerberg’s “residences and during personal travel.” Zuckerberg received $7.6 million and $5.1 million for security in 2017 and 2016, respectively.

Not all of the funds in Zuckerberg’s security compensation are for security, the filing said. About $2.6 million of the $20 million were “for costs related to personal usage of private aircraft.”

Facebook has a broad security operation, which is known to track the locations of specific users that the company has deemed to be threats to Facebook and its executives.

Zuckerberg’s sharp increase in 2018 compensation came after the company navigated a turbulent year riddled with scandals, starting with the Cambridge Analytica scandal in March, in which a political consultancy obtained personal data of Facebook users in an unauthorized way and used it to target political ads; and ending with the Definers Public Affairs episode in November, where Facebook was found to have used a firm to write negative stories about competitors and plant them in the press.

WATCH: Here’s how to see which apps have access to your Facebook data — and cut them off


Company: cnbc, Activity: cnbc, Date: 2019-04-12  Authors: salvador rodriguez, niall carson, pa images, getty images
Keywords: news, cnbc, companies, 20, 2016, security, zuckerbergs, received, personal, used, increase, costs, zuckerberg, spent, times, facebook, million


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Starbucks launches UK fund to help recycle coffee cups

Starbucks launched a £1 million ($1.3 million) fund on Thursday to kickstart recycling programs across the U.K. for paper coffee cups. Launched in partnership with environmental charity Hubbub, “The Cup Fund” will support at least 10 large-scale recycling initiatives. Hubbub noted in a press release Thursday that more recycling points specifically for paper coffee cups were needed, as well as clearer communication to help the public recycle more effectively. Starbucks introduced a 5 pence charge


Starbucks launched a £1 million ($1.3 million) fund on Thursday to kickstart recycling programs across the U.K. for paper coffee cups. Launched in partnership with environmental charity Hubbub, “The Cup Fund” will support at least 10 large-scale recycling initiatives. Hubbub noted in a press release Thursday that more recycling points specifically for paper coffee cups were needed, as well as clearer communication to help the public recycle more effectively. Starbucks introduced a 5 pence charge
Starbucks launches UK fund to help recycle coffee cups Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-11  Authors: chloe taylor, nick ansell, pa images, getty images
Keywords: news, cnbc, companies, million, recycle, paper, help, coffee, uk, starbucks, fund, recycling, hubbub, cup, launches, cups


Starbucks launches UK fund to help recycle coffee cups

Starbucks launched a £1 million ($1.3 million) fund on Thursday to kickstart recycling programs across the U.K. for paper coffee cups.

Launched in partnership with environmental charity Hubbub, “The Cup Fund” will support at least 10 large-scale recycling initiatives. It will offer grants from £50,000 up to £100,000 based on individual organizations’ needs, with an aim of helping with the development of long-term infrastructure.

Coffee shops have faced widespread criticism for selling drinks in paper cups that cannot be recycled with ordinary paper and cardboard due to a plastic lining that stops hot drinks from leaking. Hubbub noted in a press release Thursday that more recycling points specifically for paper coffee cups were needed, as well as clearer communication to help the public recycle more effectively.

The fund is open to applications from a range of organizations including local authorities, recycling companies and property owners.

Jaz Rabadia, U.K. senior manager of energy and sustainability at Starbucks, said in a press release that it was a significant step for the coffee giant.

“For us it’s about three things when it comes to cups: getting more customers to bring in a reusable cup when they visit us, recycling those that are used and also looking at alternative materials to plastic that future cups could be made from that we’ll be trialling in London next year.”

Starbucks introduced a 5 pence charge on paper cups in the U.K. last year in an effort to encourage the uptake of reusable cups. All proceeds are donated to Hubbub to carry out environmental projects.

The company also offers instore cup recycling in 350 locations across Britain.

Earlier this month, the BBC reported that independent coffee chain Boston Tea Party saw sales decline by £250,000 after it banned single use cups last summer. The company, which is based in the English city of Bristol, said it usually sold £1 million in takeaway coffees per year but those numbers had fallen by 25%.


Company: cnbc, Activity: cnbc, Date: 2019-04-11  Authors: chloe taylor, nick ansell, pa images, getty images
Keywords: news, cnbc, companies, million, recycle, paper, help, coffee, uk, starbucks, fund, recycling, hubbub, cup, launches, cups


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Boeing’s about to break below a key level, and here’s how one trader is playing the drop

There’s more trouble ahead for Boeing shares as the stock now faces a key level, according to TradingAnalysis.com founder Todd Gordon. “So resistance seems to be in place to attack this yellow line here, which is the 200-day moving average.” He says the stock could not only fall below its 200-day moving average, it could actually fall to around $340, which it hit in January. Gordon is buying the April 26 weekly 360-strike put and selling the April 26 weekly 340-strike put, and then pairing that


There’s more trouble ahead for Boeing shares as the stock now faces a key level, according to TradingAnalysis.com founder Todd Gordon. “So resistance seems to be in place to attack this yellow line here, which is the 200-day moving average.” He says the stock could not only fall below its 200-day moving average, it could actually fall to around $340, which it hit in January. Gordon is buying the April 26 weekly 360-strike put and selling the April 26 weekly 340-strike put, and then pairing that
Boeing’s about to break below a key level, and here’s how one trader is playing the drop Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-09  Authors: annie pei, steve parsons, pa images, getty images, david paul morris, bloomberg, source, adam jeffery, han haiden, visual china group
Keywords: news, cnbc, companies, key, 200day, gordon, average, trader, boeing, break, 340, weekly, stock, shares, moving, boeings, heres, drop, 26, playing, level


Boeing's about to break below a key level, and here's how one trader is playing the drop

There’s more trouble ahead for Boeing shares as the stock now faces a key level, according to TradingAnalysis.com founder Todd Gordon.

On Tuesday, shares of Boeing dropped more than 1 percent after the company saw deliveries and orders on its 737 jets plummet in the first quarter.

The stock is down more than 17 percent from its high on March 1, and as it approaches its 200-day moving average, Gordon suggests a break below could open up the flood gates to more pain.

“We’ve bounced from the 200-day moving average, traded up to $400, and you’ll notice that we’ve failed at that $400 mark, which is that gap down at the beginning of that new cycle,” he said Tuesday on CNBC’s “Trading Nation.” “So resistance seems to be in place to attack this yellow line here, which is the 200-day moving average.”

As a result, Gordon wants to short Boeing going into the company’s earnings report on April 24. He says the stock could not only fall below its 200-day moving average, it could actually fall to around $340, which it hit in January.

Since he’s not looking for “an all-out collapse” for shares of Boeing, Gordon says, he wants to play the stock using an options butterfly. In this case, he is using the combination of a put debit spread and a put credit spread.

Gordon is buying the April 26 weekly 360-strike put and selling the April 26 weekly 340-strike put, and then pairing that with the sale of the April 26 weekly 340-strike put and the purchase of the April 26 weekly 320-strike put. With this trade, Gordon is essentially betting that Boeing is headed to around the $340 level, at which he would make the most profit on his trade.

If Boeing shares were to close above $360 or below $320 on April 26 expiration, Gordon would lose a maximum of $279. But if Boeing were to close at $340 on April 26 expiration, then Gordon would make a maximum profit of $1,700.

Shares of Boeing were trading at $369.03 on Tuesday. The stock is down 16 percent from its 2019 high that it hit on March 1.


Company: cnbc, Activity: cnbc, Date: 2019-04-09  Authors: annie pei, steve parsons, pa images, getty images, david paul morris, bloomberg, source, adam jeffery, han haiden, visual china group
Keywords: news, cnbc, companies, key, 200day, gordon, average, trader, boeing, break, 340, weekly, stock, shares, moving, boeings, heres, drop, 26, playing, level


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Facebook, Google execs could reportedly be liable for harmful content under UK plans

Executives from the likes of Facebook and Google could reportedly be held liable for harmful content shared on their platforms under U.K. government plans. Britain is set to unveil legislation on Monday that brings about a new legally-binding duty of care on social media firms to make their platforms safer, The Guardian reported, citing a leaked government document. Those powers will likely initially come under Britain’s media watchdog Ofcom, the newspaper reported, before a new body is establis


Executives from the likes of Facebook and Google could reportedly be held liable for harmful content shared on their platforms under U.K. government plans. Britain is set to unveil legislation on Monday that brings about a new legally-binding duty of care on social media firms to make their platforms safer, The Guardian reported, citing a leaked government document. Those powers will likely initially come under Britain’s media watchdog Ofcom, the newspaper reported, before a new body is establis
Facebook, Google execs could reportedly be liable for harmful content under UK plans Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: ryan browne, niall carson, pa images, getty images
Keywords: news, cnbc, companies, attack, media, liable, content, executives, platforms, reported, plans, shared, harmful, social, google, uk, execs, reportedly, facebook


Facebook, Google execs could reportedly be liable for harmful content under UK plans

Executives from the likes of Facebook and Google could reportedly be held liable for harmful content shared on their platforms under U.K. government plans.

Britain is set to unveil legislation on Monday that brings about a new legally-binding duty of care on social media firms to make their platforms safer, The Guardian reported, citing a leaked government document.

A white paper due to be released by the government next week will reportedly include proposals for an independent regulator with the power to dish out fines and hold company executives personally liable for breaches.

Those powers will likely initially come under Britain’s media watchdog Ofcom, the newspaper reported, before a new body is established.

The news comes as social media giants face increasing calls to clean up their platforms in the wake of the Christchurch, New Zealand mosque attack. The gunman, who killed 50 people, livestreamed the attack on Facebook, with subsequent copies of the footage being shared on YouTube and Twitter.


Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: ryan browne, niall carson, pa images, getty images
Keywords: news, cnbc, companies, attack, media, liable, content, executives, platforms, reported, plans, shared, harmful, social, google, uk, execs, reportedly, facebook


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Theresa May loses crucial vote on her Brexit deal for a third time

British Prime Minister Theresa May has lost another crucial Brexit vote in the U.K. Parliament as lawmakers again refused to back her deal to leave the European Union. This time her deal was beaten by 344 votes to 286, a margin of 58 votes. Friday’s vote was considered slightly different as it only covered the “withdrawal deal” — a near 600-page treaty that agreed citizen’s rights after Brexit, a £39 billion ($51 billion) divorce deal and how to treat the Irish land border. This change was seen


British Prime Minister Theresa May has lost another crucial Brexit vote in the U.K. Parliament as lawmakers again refused to back her deal to leave the European Union. This time her deal was beaten by 344 votes to 286, a margin of 58 votes. Friday’s vote was considered slightly different as it only covered the “withdrawal deal” — a near 600-page treaty that agreed citizen’s rights after Brexit, a £39 billion ($51 billion) divorce deal and how to treat the Irish land border. This change was seen
Theresa May loses crucial vote on her Brexit deal for a third time Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-29  Authors: david reid, pa images, getty images
Keywords: news, cnbc, companies, lawmakers, parliament, crucial, brexit, party, loses, deal, trading, uk, theresa, leave, vote, european


Theresa May loses crucial vote on her Brexit deal for a third time

British Prime Minister Theresa May has lost another crucial Brexit vote in the U.K. Parliament as lawmakers again refused to back her deal to leave the European Union.

May’s draft proposal to leave the bloc, which has been signed off by EU officials in Brussels, had already been rejected twice by U.K. Members of Parliament. This time her deal was beaten by 344 votes to 286, a margin of 58 votes.

Friday’s vote was considered slightly different as it only covered the “withdrawal deal” — a near 600-page treaty that agreed citizen’s rights after Brexit, a £39 billion ($51 billion) divorce deal and how to treat the Irish land border.

A political declaration element that vaguely outlines their future trading relationship, was not put before parliamentarians. This change was seen as enabling the vote to circumvent parliamentary rules and potentially bringing more rebel lawmakers on board.

In reaction to the vote, sterling fell below 1.30 versus the dollar, after trading above $1.310 for much of the session. Addressing the House of Commons after her defeat, May said the government would continue to press the case for an “orderly Brexit.” The leaders of the main opposition Labour party and Scottish National Party both responded by calling for May to now hold a general election.

As soon as the result was announced, the European Council President Donald Tusk said on Twitter that an emergency EU summit would now be held on April 10 — just two days before the U.K. is officially set to leave the European Union.

In a separate statement, the European Commission said that a no-deal Brexit on April 12 was now “likely,” before adding that the U.K. should now “indicate the way forward before that date.”


Company: cnbc, Activity: cnbc, Date: 2019-03-29  Authors: david reid, pa images, getty images
Keywords: news, cnbc, companies, lawmakers, parliament, crucial, brexit, party, loses, deal, trading, uk, theresa, leave, vote, european


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Theresa May says she will quit as UK prime minister if the Brexit deal happens

British Prime Minister Theresa May has announced she will step down as the leader of the United Kingdom if her Brexit deal finally secures a majority in Parliament, allowing a successor to take the lead on future negotiations with the European Union. One attendee of the meeting, Conservative lawmaker James Cartlidge, told BBC News that May was not prepared to stay on and negotiate the U.K.’s future relationship with Europe. British lawmakers have twice already refused to sign off on May’s Brexit


British Prime Minister Theresa May has announced she will step down as the leader of the United Kingdom if her Brexit deal finally secures a majority in Parliament, allowing a successor to take the lead on future negotiations with the European Union. One attendee of the meeting, Conservative lawmaker James Cartlidge, told BBC News that May was not prepared to stay on and negotiate the U.K.’s future relationship with Europe. British lawmakers have twice already refused to sign off on May’s Brexit
Theresa May says she will quit as UK prime minister if the Brexit deal happens Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-27  Authors: david reid, victoria jones – pa images, pa images, getty images
Keywords: news, cnbc, companies, uk, parliament, brexit, quit, withdrawal, happens, deal, minister, prepared, lawmakers, theresa, conservative, vote, negotiations, prime


Theresa May says she will quit as UK prime minister if the Brexit deal happens

British Prime Minister Theresa May has announced she will step down as the leader of the United Kingdom if her Brexit deal finally secures a majority in Parliament, allowing a successor to take the lead on future negotiations with the European Union.

“I am prepared to leave this job earlier than I intended in order to do what is right for our party and country,” she said at a meeting of a powerful lobby of Conservative lawmakers known as the “1922 Committee,” according to media reports.

One attendee of the meeting, Conservative lawmaker James Cartlidge, told BBC News that May was not prepared to stay on and negotiate the U.K.’s future relationship with Europe.

“My recollection is that she said she would not remain in the post for the next phase of negotiations, the implication being that once the Withdrawal Agreement has passed, she would make way for someone else.”

British lawmakers have twice already refused to sign off on May’s Brexit “Withdrawal Deal” and the first rejection marked the biggest U.K. Parliament defeat in modern political history. It’s expected she will attempt to bring a third vote to Parliament in the coming days.

May’s timetabled departure is seen as key for securing a switch in votes from the right-wing euroskeptic element in her party who want a different leader to take the reins for the next stage of negotiations with Europe.

Heavy jostling between Brexit-supporting Conservative lawmakers to become Britain’s next prime minister is now predicted.

The leadership battle comes at a time of massive political uncertainty for the U.K., as Westminster continues to wrestle with the result of the June 2016 Brexit referendum which saw the British public vote to leave the European union.


Company: cnbc, Activity: cnbc, Date: 2019-03-27  Authors: david reid, victoria jones – pa images, pa images, getty images
Keywords: news, cnbc, companies, uk, parliament, brexit, quit, withdrawal, happens, deal, minister, prepared, lawmakers, theresa, conservative, vote, negotiations, prime


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Manchester City’s owners buy stake in third-tier Chinese soccer club

Partnering with Chinese robotic AI company UBTECH and China Sports Capital, City Football Group (CFG) has jointly purchased China League Two side Sichuan Jiuniu FC. “Today marks an exciting new chapter in the growth of City Football Group. Soriano said Sichuan Jiuniu FC will be art the core of improving soccer in China. We are making a long-term, sustainable commitment to grow and develop Sichuan Jiuniu FC and to nurture Chinese footballing talent. In addition to Manchester City, CFG also owns M


Partnering with Chinese robotic AI company UBTECH and China Sports Capital, City Football Group (CFG) has jointly purchased China League Two side Sichuan Jiuniu FC. “Today marks an exciting new chapter in the growth of City Football Group. Soriano said Sichuan Jiuniu FC will be art the core of improving soccer in China. We are making a long-term, sustainable commitment to grow and develop Sichuan Jiuniu FC and to nurture Chinese footballing talent. In addition to Manchester City, CFG also owns M
Manchester City’s owners buy stake in third-tier Chinese soccer club Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: adam reed, richard sellers, empics, pa images, getty images
Keywords: news, cnbc, companies, stake, sichuan, owners, thirdtier, jiuniu, china, soccer, chinese, cfg, football, buy, club, fc, soriano, manchester, citys, city


Manchester City's owners buy stake in third-tier Chinese soccer club

The parent company of English Premier League champions Manchester City announced Wednesday that it has added a seventh soccer club to its growing stable.

Partnering with Chinese robotic AI company UBTECH and China Sports Capital, City Football Group (CFG) has jointly purchased China League Two side Sichuan Jiuniu FC.

“Today marks an exciting new chapter in the growth of City Football Group. China is an extremely important football market, which we have been focused on for some time,” Ferran Soriano, Chief Executive Officer of CFG, said in a statement.

Based in Chengdu, the third-tier Sichuan Jiuniu FC has only existed since 2006 and play their home games at the 27,000-capacity Chengdu Longquanyi Football Stadium. However, the average attendance for a home fixture has been far below that number and the team won just 6 of 28 games last season.

Soriano said Sichuan Jiuniu FC will be art the core of improving soccer in China.

“We believe strongly in the future of football in China. We are making a long-term, sustainable commitment to grow and develop Sichuan Jiuniu FC and to nurture Chinese footballing talent. These objectives are equally important,” Soriano added.

In addition to Manchester City, CFG also owns MLS side New York City FC, Australia’s Melbourne City, Uruguay’s Club Atletico Torque, a joint majority stake in Spanish club Girona and a minority stake in Japan’s Yokohama F. Marinos.


Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: adam reed, richard sellers, empics, pa images, getty images
Keywords: news, cnbc, companies, stake, sichuan, owners, thirdtier, jiuniu, china, soccer, chinese, cfg, football, buy, club, fc, soriano, manchester, citys, city


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