Fruit and veg shortage will get worse before it gets better, warn farmers February 25, 2023 The National Farmers’ Union (NFU) has warned that shortages of some fruit and vegetables in UK supermarkets could be “the tip of the iceberg”. NFU deputy president Tom Bradshaw said a reliance on imports has left the UK vulnerable to “shock weather events”. Soaring energy bills exacerbated by the war in Ukraine have also put [...]
Growers warn leek supply will be exhausted by April as Therese Coffey tells Brits to eat turnips February 24, 2023 Growers are warning of a leek shortage that will see British-grown supplies exhausted by April. High temperatures and a lack of rain, followed by a period of cold weather, are being blamed for creating the “most difficult season ever”. Supermarkets are already limiting the sale of tomatoes and other fruit and vegetables because of a [...]
Co-op front runner in race to buy Sainsbury’s Bank’s £650m loan book, according to reports February 21, 2023 The Co-operative Bank has tabled an offer for Sainsbury’s Bank’s £650m loan portfolio being, according to reports by Sky News. The Co-operative bank is among a number of parties understood to have tabled a bid for the supermarket bank’s loan book . An insider cited by Sky News said the Co-operative “appeared to be the [...]
Tesco raises store workers pay by 7 per cent February 20, 2023 Tesco, Britain’s biggest retailer, will raise hourly pay for about 220,000 store workers by 7 per cent from April – another increase that will likely catch the attention of the Bank of England, which is worried about inflationary pressure in the economy. The supermarket group, one of the country’s largest private sector employers, said a [...]
Tesco ‘considering sale’ of Tesco Bank, according to reports February 20, 2023 Tesco is considering selling Tesco Bank, according to Sky News which has reported that the supermarket giant has started a review process for its banking arm. The review is at a very early stage, according to insiders, and may not lead to a formal sale process. A partial sale or joint venture may also be [...]
Shell’s court case for oil spills in Nigeria exposes our failure to deal with supply chain abuses February 17, 2023 Earlier this month, more than 11,000 Nigerian residents filed a claim at the High Court in London. Their fight was with Shell, the oil giant. But the case is also a significant test of the how far responsibility for multinationals reaches.
Sunak should go vegan for a month so he can fix Britain’s agriculture industry February 15, 2023 Gen V wants Rishi Sunak to go vegan. He should, but only to understand what our food system needs - with sustainable farming and lab-made meat as great alternatives to an army of vegans, writes Sascha O'Sullivan
City A.M.’s Top Five: This week’s best read stories – 10 February February 10, 2023 The concept of the UK’s first official digital currency was something that interested City A.M. readers, while the idea of BA’s pedestal as the world’s favourite airline being kicked over also struck a chord. Just in case you missed them, here are the best read stories on City A.M. this week One: Could the UK [...]
High Street retail race: Marks and Spencer predicted to overtake John Lewis by 2026 February 8, 2023 Marks & Spencer will overtake John Lewis in the rankings of the UK’s biggest retailers by 2026, according to a new sales forecast. Tesco will retain its position as the largest retailer, followed by Sainsbury’s, but Amazon is on track to move into the top three within the next few years, industry title Retail Week [...]
Tesco versus Lidl: Two of UK’s largest supermarkets go to court over use of yellow logo February 7, 2023 Supermarkets Tesco and Lidl have begun a High Court fight over the use of a yellow circle logo. German discount chain Lidl says a trademark, and copyright, has been infringed, while Tesco has made a counterclaim. Lidl uses a yellow circle in its main logo, and Tesco uses one to highlight offers available to members [...]