Jamie Oliver Hails Osborne’s Sugar Tax Move as Logic
Companies that profit from Britain’s sweet tooth plunged as U.K. Chancellor George Osborne unveiled a sugar tax, a surprise move that adds another burden to U.K. food and beverage companies already grappling with marketing restrictions and a shift toward healthier fare. Soft-drink makers Britvic Plc and A.G. Barr Plc both declined more than 5 percent in London, while Tate & Lyle Plc and Associated British Foods Plc fell as much as 4.9 percent and 1.5 percent, respectively. Celebrity Chef and food campaigner Jamie Oliver reacted to the news with Bloomberg’s Anna Edwards outside Westminster where the budget speech took place.
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Philippine's Dominguez Says Infrastructure to Boost GDP
20:32 - Economic growth in the Philippines is already among the highest in the world. GDP data released later may show acceleration in the second quarter. Economists we surveyed say growth probably exceeded 6.4% in the previous three months. Finance Secretary Carlos Dominguez says the economy is in a sweet spot. (Source: Bloomberg)