Interesting! I hadn't quite made the link with Pepsi buying Sodastream but that does make sense! What other traditional consumer product businesses would you say are diversifying? And what would you say is the changing consumer behaviour?
From what I've read, the cost will be on finding staff...
These books helped me a lot!
https://www.amazon.co.uk/Too-Big-Fail-Inside-Battle/dp/0141043164
https://www.amazon.co.uk/Fault-Lines-Fractures-Threaten-Economy/dp/0691152632
Ahh this is perfect. I was struggling to think of the implications of this story to law firms, so this is a great addition.
Wonga is also a topic I need to write about!
Good one!
I know I said the last post would my last update for August, but this story seems worth writing about!
Coca-Cola to buy the Costa Coffee chain for £3.9bn
The Story
In a £3.9bn deal, Coca-Cola, will be buying Costa Coffee from its buyer, hospitality group Whitbread plc. The decision...
This will probably be my last commercial awareness update for August 2018!
Saudi Aramco loses unlimited rights to access Saudi Arabia's oil reserves
The Story
Saudi Arabia has reduced the length of time that its state-owned oil company, Saudi Aramco has guaranteed access to Saudi Arabia's...
It might not be super relevant but I just wrote about this topic a couple of hours ago: https://www.thecorporatelawacademy.com/forum/threads/commercial-awareness-update-august-2018.337/#post-1592
The end of the world's largest initial public offering
The Story
A report by Reuters last week said that Saudi Aramco, the world's largest oil company, has shelved plans to IPO.
Saudi Arabia said it was untrue and that they were waiting for "optimum conditions".
The IPO was supposed to raise...
Next update :)
The UK government has given advice on how to handle a no deal Brexit, I thought I'd summarise some of the major consequences.
What are the consequences of a no-deal Brexit?
Trade with the EU would fall back to World Trade Organisation rules, which means British businesses...
From what I've read, opening in emerging markets is a useful way of hedging the law firm's business. It can bring in business when legal work in western markets are slow and a lot of emerging markets still have much faster growth rates than our economies, which leads to opportunities for law...
The fall of Bitcoin
The story:
Since the beginning of 2018, the value of cryptocurrencies has been in a sharp decline. In January, the market capitalisation of cryptocurrencies was $800bn, but it has now fallen to $200bn, demonstrating a loss of market confidence in the digital currency...
Another update :)
Turkey's struggle
The story:
Turkey has been battling a currency crisis as the Turkish Lira has been in decline for some time now. There are a number of reasons behind this, one of them being the government's policy against high interest rates, which has caused the Lira to...
Next update:
Kweku Adoboli is being deported
The Story: Adoboli is the biggest rogue trader in British history. He began his fraudulent activities in 2008, working as a director in the equities division of UBS. He started using bank money to bet on the stock market and he falsified...
I usually start with the FT and then follow any links they have referring to previous articles they have on the same story. That's quite a good way to get a better background on strategy.
If I'm writing about the topic for an application, then I'll usually Google the deal to get a more rounded...
I've had a few first round interviews. In my experience, they were usually with HR and/or an associate. The questions were usually the topic "Why this firm", "Why commercial law", etc. There was also sometimes a very simple commercial awareness question e.g. what do you think of the tariffs.
I...
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