Hormone-treated beef from Canada to flood UK food chain under CPTPP deal, British farmers warn February 14, 2022 Canada is pushing for hormone-treated beef to be made available across the UK once Britain joins the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). According to the National Farmers Union, the deal would “severely undermine British farmers” and lower the quality of meet sold across the UK. CPTPP – a trade deal among a [...]
Farming boss warns Russia Ukraine tensions threaten UK food supplies February 14, 2022 Farmers have warned the UK’s food supply could be affected by tensions in Russia and Ukraine, with soaring costs hitting firms. Speaking to The Independent, Minette Batters, president of the National Farmers’ Union (NFU), warned that the two countries supply just under one third of global wheat exports. Farmers have faced spiralling costs after a [...]
JD Sports and Footasylum hit with £5m fine following covert car park rendezvous February 14, 2022 city watchdog has slapped sports retailers JD Sports and Footasylum with a £5m fine after the firms’ bosses conducted covert meetings to discuss a blocked takeover, it has revealed.
Burger King UK’s owners court investors ahead of £600m float February 14, 2022 Burger King UK’s private equity owners have begun a charm offensive with investors as they look to build support to float the firm’s UK division in the first half of this year.
Cake decorations maker Real Good Food cites ‘severe shortages’ for dampened sales February 14, 2022 Ingredients supplier Real Good Food has blamed the Omicron Covid surge for “lower than anticipated” sales earlier this year. In results for the financial year ended 31 March 2022, the cake decorations maker said its expectations for the second-half were dashed by a sales slump. The London-based firm said its ability to fulfil customer orders [...]
Formula 1 teams up with Fight Club and Puttshack founder to launch motor-racing venues on UK high streets February 14, 2022 To launch ambitious plans for a series of entertainment venues with motor-racing simulators across the UK, Formula 1 has joined forces with the founder of Flight Club and Puttshack. Adam Breeden, founder and chief executive of Kindred Concepts, said the company that runs the international motor-racing series has taken an undisclosed investment into the proposed [...]
Bidders recoil at Butlin’s hefty price tag as Blackstone explore a sale February 13, 2022 Potential bidders for the Butlin’s chain of holiday camps have reportedly balked at a hefty £700m price tag floated by its owner Blackstone, as the private equity giant looks to spin off the chain.
Morrisons’ owners look to ease fears of a shift away from traditional business model February 13, 2022 The private equity owners of Morrisons have looked to ease investors’ fears that they would renege on commitments to the firm’s traditional business model, as they face a mounting interest bill from loans.
First drink in 793: Britain’s oldest pub shuts down after 1,229 years February 12, 2022 A pub that is believed to be the first and oldest in Britain is closing down after 1,229 years in operation. The St Albans-based tavern, which poured its first drink in 793, has run into financial difficulties as a result of the pandemic. The owner of The Ye Olde Fighting Cocks said in a message [...]
Retailers slash ties with unethical suppliers to tune of £7.1bn in cancelled contracts February 10, 2022 Retailers severed ties with suppliers who did not meet ethical standards to the tune of £7.1bn in cancelled contracts last year. Research published today from Barclays Corporate Banking has highlighted that one in five UK retailers distanced themselves from suppliers who did not meet sustainability or ethics standards. Of those who did slash ties, an [...]