Sabah Meddings
sabahmeddings.bsky.social
Sabah Meddings
@sabahmeddings.bsky.social
Covering UK business, tobacco and drinks for @BloombergUK. Previous: Chief Business Correspondent at The Sunday Times.
Big farming’s latest battle ground is the UK’s planning laws and the local villages taking a stand.

But with the UK so reliant on imports for pork and poultry, producers are pushing ministers to step in.

Cranswick’s fight with a Norfolk village.

www.bloomberg.com/news/feature...
Big Farming’s Big Battleground: an English Village Makes a Stand
If Britain is going to wean itself off pig and chicken meat imports, producers argue output should rise. But locals disagree.
www.bloomberg.com
May 2, 2025 at 10:02 AM
Entrepreneurs in the US are making $$$ selling flavoured vapes, breaking into an industry which has long been dominated by Big Tobacco.

Now, with Trump in office, the industry is even messier. Many of these vapers and vape entrepreneurs had backed Trump after he promised to "save vaping".
February 4, 2025 at 9:04 AM
Exclusive: Diageo is reviewing its portfolio in a move which could include the future of Guinness.

New CFO Nik Jhangiani and CEO Debra Crew are running the rule over the entire business, which is likely to reduce its guidance in the coming weeks.

www.bloomberg.com/news/article...
Diageo Is Said to Review Drinks Portfolio to Reignite Growth
Debra Crew has had a rocky year and a half since taking over as chief executive officer of Diageo Plc.
www.bloomberg.com
January 24, 2025 at 2:51 PM
New: The majority of Britain’s biggest listed companies will together account for less than 3% of the revenue raised by Labour‘s increased payroll tax, Bloomberg analysis shows.

Revealing chart here shows how retail and hospitality will bear the brunt:

www.bloomberg.com/news/article...
December 17, 2024 at 12:54 PM
Reposted by Sabah Meddings
Important story from Abhinav Ramnarayan and @sabahmeddings.bsky.social on concerns around private equity’s grip on child social care, and the profits being made www.bloomberg.com/news/feature...
Private Equity Is Making Big Money From UK’s Most Vulnerable
As critics debate the cost of private capital’s inroads into many corners of the economy and public services, children’s homes have become a flashpoint.
www.bloomberg.com
December 16, 2024 at 3:11 PM
Reposted by Sabah Meddings
Grimly informative piece by Abhinav Ramnarayan and Sabah Meddings about private equity’s inroads into the public sector, focusing on childrens' homes:
www.bloomberg.com/news/feature...
Private Equity Is Making Big Money From UK’s Most Vulnerable
As critics debate the cost of private capital’s inroads into many corners of the economy and public services, children’s homes have become a flashpoint.
www.bloomberg.com
December 16, 2024 at 8:38 AM
When private capital went into care:

Jade Barnett went into care at 15. Soon after, she was moved 250 miles away from her home in London to a care home in Blackpool. Visits from her family were rare.

The home was owned by Caretech, backed by one of the world's biggest private credit firms.
December 16, 2024 at 8:47 AM
Reposted by Sabah Meddings
Women around the world are increasingly part of a very human global supply chain.

In an investigation that crossed five continents, we learned how they’re paid—and sometimes exploited—in the multibillion-dollar fertility industry
Top Takeaways From Businessweek’s Investigation Into the Human Egg Trade
Women around the world are increasingly part of a very human global supply chain. In an investigation that crossed five continents, we learned how they’re paid—and sometimes exploited—in the multibill...
www.bloomberg.com
December 13, 2024 at 12:00 AM
Reposted by Sabah Meddings
Tears of joy and sadness as ‘disappeared’ Syrians emerge from Assad’s prisons
Tears of joy and sadness as ‘disappeared’ Syrians emerge from Assad’s prisons
Men, women and children, many jailed for speaking out against regime, reunite with their families * Syria live – latest updates As Syrian rebels led by the Islamist group Hayat Tahrir al-Sham (HTS) captured city after city on the road to Damascus,…
www.theguardian.com
December 8, 2024 at 8:10 PM
Reposted by Sabah Meddings
- a quarter of all England’s farmland belongs to just 2,500 owners

- 20 dukes own a million acres of Britain

"most of this country is owned by people like the Duke of Westminster, who has 129,000 acres and a £10billion fortune", says @guyshrubsole.bsky.social

www.mirror.co.uk/news/politic...
Quarter of England's farmland owned by just 2,500 toffs and fatcats
There are more than 100,000 farm holdings in England, covering 22 million acres in total. But the Defra data show just 2,568 very large farms own or manage 5.6 million acres
www.mirror.co.uk
December 2, 2024 at 11:53 AM
EXCL: The controversial tower, the architects behind the London Eye and the £50m debt to Brighton's council.

The Brighton i360 is teetering on the brink of insolvency after defaulting on its loans, with advisers now racing to find a buyer to avoid closure.

www.bloomberg.com/news/article...
Brighton’s Seaside Viewing Tower at Risk of Closing Over Debts
The owner of an English coastal tourist attraction designed by the architects of the London Eye is racing to find a rescue buyer to avoid closing, after defaulting on £50 million ($63 million) of debt...
www.bloomberg.com
November 27, 2024 at 10:59 AM
On today’s @bloomberg.com UK politics podcast to discuss how businesses here are in “damage control” after added costs from last months budget.

Listen here:

www.bloomberg.com/news/audio/2...
November 25, 2024 at 4:13 PM
Almost half of UK firms plan to cut jobs after the UK government's latest tax hikes, according to the CBI.

About 6/10 businesses told the lobby group that the budget would not make the UK more attractive for investment.

www.bloomberg.com/news/article...
Half of British Firms Will Cut Jobs After Budget Tax Hikes, CBI Says
Firms across Britain are “in damage control” with nearly half planning to cut jobs after the Labour government’s tax-rising budget, according to the boss of the country’s most influential business lob...
www.bloomberg.com
November 25, 2024 at 8:47 AM
New: Asda-owners Mohsin and Zuber Issa have seen the value of their stakes in the grocer and petrol forecourt empire EG Group fall 60%, according to the Bloomberg Billionaires Index

www.bloomberg.com/news/article...
March 20, 2024 at 10:13 AM
The expert witness, the whistleblower and the secret memo - Fujitsu’s role in the Post Office Horizon IT scandal.

www.bloomberg.com/news/article...
January 13, 2024 at 9:09 AM
Exclusive: He’s the art dealer to the stars, and the son of a wealthy Melbourne business dynasty.

But now Andrew Valmorbida is locked in a court battle involving a string of Ferraris, artwork by Jean-Michel Basquiat, and a £17m west London townhouse.

www.bloomberg.com/news/article...
December 19, 2023 at 9:22 AM