Nestle admits facing supply chain issues ahead of Christmas October 7, 2021 Struggling with supply chain issues, Nestle has said it is working hard to make its products hit the shelves this Christmas. The struggle was attributed to a labour crunch and also a chronic shortage of Heavy Goods Vehicle drivers. Bottlenecks in shipping world over also are a major factor, according to the firm, for the [...]
No comment from Tesco on takeover talk as it promises customers a good Christmas October 6, 2021 Tesco has denied its share buyback programme has anything to do with private equity takeover rumours. Following US private equity firm Clayton, Dubilier & Rice winning Morrisons at auction with a bid of £7bn, Tesco and Sainsbury’s have been singled out as next in line for a takeover. Tesco said it would purchase £500m of [...]
Shoppers are already panic buying frozen turkeys as Christmas shortage looms October 6, 2021 As a shortage of turkeys is looming this Christmas, shoppers are already buying frozen turkeys in a bid to avoid any potential disruption to their Christmas dinner, the boss of Tesco has said. The supermarket giant said it was confident of good product availability for Christmas but there could still be “bumps in the road” [...]
Mothercare’s new passage to India October 6, 2021 Buggies to bibs retailer Mothercare is to enter the potentially lucrative Indian market where there are 110m toddlers. Mothercare has signed a franchise agreement with Shopper-Stop to open 40 stores in India over the next five years. The first outlet will open in April 2006. “The exciting thing about India is there are 110m kids [...]
One in three Brits plans to stockpile food and drink this month for Christmas October 6, 2021 One third of consumers have already stockpiled food and drink items for Christmas, or are likely to before the end of the month. A survey from Lumina Intelligence found that more than half (56 per cent) of consumers were somewhat worried about media coverage of others stockpiling. 10 per cent said they were very worried. [...]
European markets tank on toxic mix of threats October 6, 2021 European markets tanked today, driven by a toxic mix of mounting “stagflation” fears, looming rate hikes and soaring energy costs. London was among the worst performers as investors mull whether the British economy could be barrelling toward a biting bout of “stagflation” that would squeeze businesses. The capital’s premier index plummeted 1.28 per cent to [...]
Morrisons hiring for 3,000 Christmas roles October 6, 2021 Supermarket Morrisons is recruiting 3,000 Christmas jobs. It said it anticipated a busier Christmas with families and friends finally able to meet up free of Covid restrictions. Roles range from warehouse and production staff to pickers and packers with full training provided and no prior experience necessary. The supermarket said 16-24 year olds receiving Universal [...]
Fuel crisis: Petrol heading towards all-time high of 2012 as drivers face record prices October 6, 2021 Petrol is fast catching up with the all-time high of April 2012, having shot up by an additional £12 for a full tank in last one year. On top of the supply crisis, a barreling crude oil price has pushed price of unleaded by 1.5p in the month of September, just 6p short of 2012 [...]
Boris Johnson to say in conference speech that ‘levelling up’ will ‘take pressure off’ London October 5, 2021 Boris Johnson will tomorrow say his agenda to “level up” poorer parts of the country will “take the pressure off parts of the overheating South East”. The Prime Minister will use his Conservative party conference speech to say “levelling up works for the whole country” in an attempt to quell fears that the government’s agenda [...]
Liz Truss tells Tories to get a grip on cost of living crisis or risk losing next election October 5, 2021 Liz Truss has warned the Tory party that it must ease cost of living pressures by the next election or risk facing the wrath of the electorate. The foreign secretary said that “every sinew of the government needs to be strained to create the conditions for enterprise across the country”. Many Britons are in for [...]