Marmitegate: A typical story of belligerent boardrooms October 14, 2016 Marmitegate – it divided the nation. You might even say it spread fear. Either way, Tesco revealed last night that it has resolved its feud with Unilever, producer of everything from Marmite to Ben & Jerry’s ice cream, after the consumer goods giant tried to impose a blanket 10 per cent price hike on its products due [...]
Marmitegate is the “thin end of the wedge” for the retail industry October 14, 2016 Tesco and Unilever's public price war is the "thin edge of the wedge" for the retail sector after the Brexit vote, analysts have said, as the prospect of higher import costs and job losses weigh on the industry. Unilever has used the fall of sterling after the Brexit vote as a basis for increasing its prices for [...]
English Wine Producers says homegrown industry is set for an “exceptional” harvest this year October 13, 2016 The UK's wine makers are gearing up for an "exceptional", high-quality vintage this year, according to an industry body. Harvests at some homegrown vineyards began in mid-September, though the main bulk of the grapes will be harvested now and over the next fortnight. English Wine Producers, the marketing body representing the English and Welsh wine [...]
Amazon wants to bag 120,000 temporary workers for Christmas October 13, 2016 E-commerce giant Amazon is looking for more than 120,000 workers in the United States to tide it over during the busy Christmas period. Thousands of the temporary workers will be kept on beyond the holiday season, Amazon said. The announcement from Amazon comes shortly after it said it would be opening a new warehouse in [...]
Pension Protection Fund calls for BHS liquidation to start within the month October 13, 2016 BHS' biggest creditor, the Pension Protection Fund (PPF), is pushing for the company to be placed into liquidation by the end of the month. Sky News reports that the PPF has told the joint administrators of BHS that it wants to bring forward investigations into the former directors of the retailer, which would take place [...]
A lot of fizz: Warning from Face the Facts, Can the Tax group that sugar tax could fuel illicit soft drinks trade October 13, 2016 A British soft drinks industry campaign group has brought a whole new meaning to coke today after it claimed the sugar tax could fuel the illegal fizzy drinks trade. Concerns have arisen from the prospect of a minimum tax threshold for importers, which would permit some product to be imported tax free into the UK. Read more: TaxPayers' [...]
WH Smith’s share price climbs after retailer announces share buyback programme October 13, 2016 WH Smith's share price was up 3.5 per cent this morning after the company said its pre-tax profits increased eight per cent year-on-year. The retailer also increased its dividend by 12 per cent and said it would be starting a £50m share buyback programme. Read more: #Marmitegate: Someone is selling a jar of Marmite on [...]
Shock, horror, Bovril: Here’s how Twitter has reacted to Marmitegate October 13, 2016 A nation is in shock after Tesco said it is locked in a battle with Unilever over a potential 10 per cent price hike. As it stands, Tesco has admitted it may start to run out of Unilever's brands, which include Dove and Persil. And experts have warned this may not be the last threatened shortage of household staples in [...]
Tesco v Unilever: What the analysts are saying about #Marmitegate October 13, 2016 As Brits try not to panic in the face of (probably) rapidly depleting Marmite stocks at Tesco, analysts have warned that Brexit-induced inflation is looming ever closer. Tesco's share price dropped by 2.2 per cent in early trading today, after it was revealed the supermarket is in a dispute with consumer goods producer Unilever over pricing. The [...]
Someone is selling a jar of Marmite on eBay for £100,000 as the price war between Unilever and Tesco rolls on October 13, 2016 Someone is trying to sell a jar of Marmite on eBay for £100,000 amid fears that the stocks may run low due to a supply dispute between Tesco and Unilever. Tesco has pulled Marmite and all other Unilever brands from its website after Unilever attempted to increase its wholesale prices. At time of writing Tesco's share price [...]