Iceland blames Russian war for whopping £95.7m energy bill November 14, 2023 Iceland, the frozen food supermarket, has blamed a “global surge” in wholesale prices following the war between Russian and Ukraine for its hefty £95.7m energy bill in the year to March. The value grocery chain, which specialises in frozen processed food, said that forking out for the “wholly unprecedented” charge led to a £35m loss [...]
Tories are ‘the party of business’, Jeremy Hunt insists ahead of conference speech October 2, 2023 The Conservatives are “certainly the party of business”, Jeremy Hunt has insisted ahead of his speech at Tory conference today. The Chancellor told LBC Radio: “We certainly are the party of business. “Rishi Sunak and I are prepared to take those decisions because there is a fundamental choice in British politics between a party that [...]
Iceland shrugs off loss of credit insurance cover saying it is ‘incredibly well positioned’ and expects to reinstate the policy soon February 7, 2023 According to reports first published in The Sunday Times, the French insurer slashed cover for the discount grocer in December - following a similar move by Allianz and Atradidus.
Iceland food boss ‘working day and night’ to keep pint of milk under £1 but price rises ‘will get worse’ November 2, 2022 The boss of Iceland has said he “doesn’t know” whether the price of a pint of milk can be kept under a pound, but is “working day and night” to stop it. Richard Walker made his comments on Amol Rajan’s podcast this morning, after joining a campaign to expand free school meals to children whose [...]
Tussle over Iceland: Supermarket’s trademark row with country continues September 11, 2022 Retailer Iceland is back in court with the country Iceland as the trademark row over its name continues.
Iceland boss: Absence of government support on energy bills risks job losses and bankruptcy for firms August 23, 2022 Iceland boss Richard Walker has called on ministers to issue more support for businesses struggling with sky-high energy bills. Without a price cap on businesses’ energy bills, smaller firms would surely collapse, the supermarket’s managing director told CityA.M. An absence of further support for businesses was “really serious,” as the colder months approach, Walker said. [...]
Iceland to launch energy labelling on food as households battle sky-high bills August 23, 2022 Iceland will launch energy saving cooking guidance on packaging this autumn, as it partners with an energy firm on providing cost-cutting tips to households. Through a joint campaign, Iceland and Utilita are carrying out a dramatic overhaul of the supermarket’s own-product packaging to focus on energy efficient cooking methods. From early next month, the ‘Shop [...]
Over 60? Supermarket giant Iceland to fight cost-of-living crisis by giving older shoppers 10 per cent discount May 20, 2022 Frozen food chain Iceland is set to introduce a discount for seniors as Britons struggle with soaring prices. The supermarket chain has announced that, from May 24, customers aged over 60 will receive a 10 per cent discount on their groceries every Tuesday with no minimum spend. In order to redeem the discount, senior shoppers [...]
Food sector boss warns of permanent shortages in restaurants and shops September 10, 2021 Shoppers in the UK should expect permanent shortages of products now, according to a food and drink industry leader. The food and drink sector was short of around half a million workers, CEO of the Food & Drink Federation, Ian Wright, told the Institute for Government’s panel on supply chain disruption. The nation would not [...]
Iceland boss: Government Covid test plan ‘pointless solution to Pingdemic’ July 28, 2021 The Iceland boss, Richard Walker, has said that the government’s Covid-19 test plan is a “pointless solution” because it excludes supermarket workers. “It’s only depot and factory workers so that only fixes half the supply chain issue,” Walker told the BBC. Despite daily testing for some sectors starting on Monday, some smaller firms have complained [...]