Next: Iran war costs retailer £15m and could push up prices March 26, 2026 High street giant Next has said it will take a £15m hit from the soaring air freight and fuel prices caused by the Iran war, as it races to make savings elsewhere to offset the costs. The FTSE 100 firm said it expects the conflict to constrain its growth in the Middle East, which accounts [...]
Vodafone set for £85m court showdown with ex-franchisees March 26, 2026 An £85m court battle between Vodafone and its former franchisees will kick off on Thursday over claims the telecoms giant imposed cuts on franchises which left managers facing closures and bankruptcy. The 62 ex-franchisees pursuing a civil action against Vodafone – recently renamed VodafoneThree – will launch their case at the High Court for the [...]
Consumer confidence collapses as Iran war provokes inflation fears March 26, 2026 Brits’ confidence in the state of the economy has plummeted since the outbreak of war in Iran, as shoppers tighten their purse strings amid fears of sharp price rises. Consumer sentiment over the UK’s economy has fallen to its lowest level on record, down from -30 per cent to -53 per cent, according to trade [...]
Food industry warns of inflation ‘calm before the storm’ March 25, 2026 Food and retail bosses have warned the fall in food inflation is the “calm before the storm,” as business brace for the Iran war to push up energy costs. Trade body Food and Drink Federation (FDF) said Wednesday’s drop in food inflation – from 3.6 to 3.3 per cent year on year – could be [...]
Fevertree takes Environment Agency to court over green packaging tax March 24, 2026 Fevertree has launched a legal challenge against the Environment Agency over its application of a sustainability packaging tax, which is charged on glass bottles. The premium drink mixer brand claims the glass used in some of its products should be classified as non-household packaging and be exempted from the Extended Producer Responsibility (EPR) levy, and [...]
Kingfisher: B&Q owner sales dragged down by weakness in overseas brands March 24, 2026 B&Q owner Kingfisher saw the success of its UK brands dragged down by struggles overseas, as sales in France and Poland took a dip. The FTSE 100 firm suffered falling sales in its French Castorama (-2.2 per cent) and Brico Depot (-2.3 per cent) brands and in Poland (-1.1 per cent), while sales grew by [...]
Huel scooped up by French food giant Danone March 23, 2026 Huel, the meal-in-a-bottle brand backed by Steven Bartlett, is to be bought by French food giant Danone in a deal worth around €1bn, winning its British founder a £400m payout. The protein shake maker has agreed to a sale to the French consumer goods company as part of its pivot towards nutrition under its new chief [...]
Fortress prepares to offload Majestic Wine March 21, 2026 The owner of Britain’s biggest specialist wine retailer are drawing up plans to offload the retailer nearly seven years after its operations were bought out of its London-listed company. Fortress Investment Group is in the early stages of preparing to launch a sale of Majestic Wine, which it took control of in 2019, according to [...]
Unilever food spin off gets marmite reception March 20, 2026 Unilever’s talks over selling its food business has been met with a marmite reception as analysts warned a deal may not pay off until the long-term. The FTSE 100 giant said on Friday it is in talks with US spice and seasoning maker McCormick over offloading its food brands, including Marmite and Hellman’s. The move [...]
Unilever confirms talks to sell food arm March 20, 2026 FTSE 100 giant Unilever has confirmed it is in talks to offload its foods business, which includes iconic brands like Hellman’s and Marmite. The mayonnaise-maker said it has received an offer from US seasoning manufacturer McCormick and is now in discussions with the firms. The company has been prioritising its €13bn (£11.2bn) beauty and personal [...]