Business briefs: Bankof England raises interest rate

The Bank of England raised its benchmark interest rate by a quarter of a percentage point to 5.75 percent on Thursday, the fifth increase in less than a year. The widely expected move confirmed Britain’s place at the top of the interest rate table of the world’s wealthiest nations. The European Central Bank, led by Jean-Claude Trichet, held its own main rate unchanged at 4 percent.

COCA-COLA AND SNAPPLE

The Coca-Cola Co. (KO) is exploring whether to buy Cadbury Schweppes PLC’s (CSG) Snapple iced tea brand or build its own tea brand. Britain-based Cadbury-Schweppes plans to split its confectionary and soft drinks businesses. Coca-Cola, the world’s largest beverage maker, has been working to expand its noncarbonated beverage portfolio.

businessBusiness & Real Estate

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/
Previous story
Businesses ready to play ball
Next story
Shop Talk: Smucker’s ad exec dies at 80

Just Posted

Legislation by Supervisor Rafael Mandelman would require The City to add enough new safe camping sites, such as this one at 180 Jones St. in the Tenderloin, to accomodate everyone living on the street. (Kevin N. Hume/S.F. Examiner)
City would create sites for hundreds of tents under new homeless shelter proposal

Advocates say funding better spent on permanent housing

A construction worker rides on top of materials being transported out of the Twin Peaks Tunnel as work continues at West Portal Station on Thursday, August 16, 2018. (Kevin N. Hume/S.F. Examiner)
SFMTA’s poor track record on capital projects risks losing ‘public trust’

Supervisors say cost overruns and delays could jeapordize future ballot revenue measures

Roger Marenco, president of operators union TWU Local 250-A, speaks at a news conference outside the Muni Kirkland Yard announcing Muni will not be increasing fares on Wednesday, June 10, 2020. (Kevin N. Hume/S.F. Examiner)
SFMTA’s union leader encourages riders to say ‘thank you’ to their Muni operators

A conversation with Roger Marenco, president of Transport Workers Union of America, Local 250A

Supervisor David Canepa (front) announced a $2 million grant to allow 500 San Mateo County residents to attend community college for free. Behind him from left to right stand students Daniela Sanchez-Sevilla, Alec Guiulfo, Mikayla Balan and Fernando Martin Montanes. (Courtesy photo)
$2 million grant allows 500 San Mateo County residents to attend community college for free

A $2 million grant could allow a total of 2,500 San Mateo… Continue reading

San Francisco’s live music clubs have been closed for more than a year. (Twitter screenshot)
S.F. venue recovery fund begins accepting grant applications

Entertainment presenters may apply from April 21-May 5

Most Read