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Weekly Round-Up... 01 May, 2018

Published on May 1 2018 10:54 AM

Weekly Round-Up... 01 May, 2018

Revenue Officers in Dublin Port seized more than 25,000 litres of beer with a retail value of €105,000. This represented a potential loss to the Exchequer of more than €52,000

Former Minister for Health, James Reilly, put forward a proposal to ban smoking in outdoor areas where food is served. Dr Reilly said that people should be “entitled to enjoy their meal in a smoke-free environment”.

Global wine output fell to its lowest level n 60 years last year, according to international wine organisation OIV. It said that poor weather condition across the EU slashed production in the bloc.

UK retailers Tesco and Morrisons are already feeling the pressure from Sainsbury’s and Asda’s potential merger. Shares of the rival markets have called 4% and 2% respectively in early trading, although they have since recovered somewhat.

A Chinese biopharmaceutical company will create 400 jobs in Dundalk. WuXi Biologics is set to invest €325 million into a new biologics drug substance manufacturing facility which will create a growing number of jobs over the next five years.

Tesco Distributors in the UK are moving closer to industrial action in a dispute over pay. Usdaw, the committee representing the workers said it has attempted to enter negotiations with the Supermarket giant for more than 10 months.

PepsiCo's quarterly revenue and profit beat Wall Street's targets on Thursday as it sold more beverages and snacks in developing markets and posted a smaller sales decline in its North America beverages unit.

© 2018 Checkout – your source for the latest Irish retail news. Article by Aidan O’Sullivan. Click subscribe to sign up for the Checkout print edition. 

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