Investors demand environment action from KFC, McDonald’s and Domino’s January 29, 2019 A group of investors representing over $6.5 trillion (£4.9bn) in assets has today demanded more transparency and commitments to tackling emissions from fast food chains Domino’s and McDonald’s. An open letter from investors including BMO Global and Aviva has called on the restaurants to publish plans to tackle the environmental risks from their suppliers by [...]
Domino’s Pizza sells one pizza every 12 seconds, but ‘growing pains’ take a slice out of profits January 29, 2019 Domino's Pizza emerged as an unlikely competitor to the traditional turkey, stuffing and pigs in blankets over the festive period, with the chain selling a pizza every 12 seconds in the run-up to Christmas. But despite this, the fast food giant's shares were down nine per cent this morning as it admitted European growing pains [...]
Oddbins owner appoints administrators with hundreds of jobs at risk January 28, 2019 The owner of wine retailer Oddbins is preparing to appoint administrators for the second time in less than a decade. European Food Brokers, which owns subsidiaries Wine Cellar Trading and Whittalls Wine Merchants, said it has filed a notice of intent to appoint Duff & Phelps as administrators to fix an insolvency, Sky News reported tonight. EFB, [...]
A tie-up with Ocado could signal a long overdue step into food delivery for M&S January 28, 2019 If 2018 was the year of profit warnings for retailers, 2019 looks set to be the year of closures. Last week it was the turn of Paperchase to be reportedly mulling a possible sale and store closures, joining the likes of HMV and French Connection in search for a rescue bidder. It is within such [...]
Tesco reveals 9,000 jobs set to be hit in major restructuring amid ‘challenging’ market January 28, 2019 Tesco has revealed plans to axe up to 9,000 jobs as part of a cost-cutting move that will involve the grocer trimming its head office and closing tens of fresh food counters. Britain's largest retailer said today that 90 counters will be closed and 9,000 jobs will be impacted by the latest twist in Dave [...]
Ocado and Marks & Spencer see shares rise on reports of food delivery partnership January 28, 2019 Shares in Marks & Spencer and Ocado were up this morning following reports the firms are in talks over a possible food delivery partnership. Ocado and Marks & Spencer saw their shares rise five per cent and one per cent respectively in early trading after it emerged the retailer could sign a deal to use [...]
Sir Philip Green abandons legal action against the Telegraph over legal injunction January 28, 2019 Sir Philip Green has dropped his legal action against the Telegraph over its accusations against him of multiple claims of sexual harassment and racism. Sir Philip, who denies the allegations, was named in parliament by Lord Peter Hain after an injunction prevented the Telegraph from identifying the businessman after an eight-month investigation. Read more: Sir [...]
For the love of dogs: Tails.com is on a mission to solve the podgy pup epidemic January 28, 2019 You don't need to be a vet to know that a 1.5kg Chihuahua isn’t going to need the same food as a 80kg Great Dane. But while most pet owners tend to focus on portion sizes, few will take into account the different nutritional needs of each breed. “Like parents with their children, owners and their [...]
Hundreds of new UK breweries open as craft beer boom continues January 28, 2019 Hundreds of new craft breweries opened in the last year as boozers defied Brexit fears to drive the growth in independent beer brands. A total of 430 new craft breweries opened in the year to the end of December 2017 as the market share of niche beers continues to rise, according to UHY Hacker Young. [...]
Waitrose and Morrisons to crack down on plastics in recycling boom January 28, 2019 Two of the UK’s largest food retailers, Morrisons and Waitrose & Partners, will today announce new measures to tackle high quantities of plastic pollution and waste both within stores and nationwide. Waitrose has established a £1m grant fund, raised through 5p carrier bag sales, for organisations pursuing projects designed to reduce unnecessary plastic waste and [...]