The authorities’s resolution to extend minimal pay concurrently industrial property taxes are set to rise by £1.6bn will lead to larger costs, decrease funding and fewer jobs, retail and hospitality leaders have warned (The Times £). Jeremy Hunt’s resolution to extend the nationwide dwelling wage by 10% might result in employers making redundancies or scaling again hours, the boss of recruitment big Reed has warned (The Telegraph £).
Some supermarkets are flouting “pester power” guidelines aimed toward tackling childhood weight problems, a report has discovered. A survey discovered that a few quarter of the 25 shops they visited had put sweets, crisps, fizzy drinks or different so-called “less healthy” meals in distinguished components of the store, resembling near checkouts or in end-of-aisle shows. (The Guardian)
One of Britain’s largest privately owned pet meals retailers could also be about to vary fingers for greater than £100m. City sources mentioned the non-public fairness proprietor of Jollyes — which sells pet meals, canine leads and toys from its superstores — is working with company finance advisers at Houlihan Lokey on “strategic options” for the business. (The Times £)
UK farmers are scuffling with one of many lowest potato harvests on file after an autumn of heavy rain, elevating fears about provides for this 12 months’s Christmas dinners and past. (The Guardian)
Matthew Moulding has taken a stake within the activist investor focusing on his magnificence business in a transfer that harks again to the so-called “Pac-Man defence” technique sometimes employed to counter potential hostile takeovers. (The Times £)
High ranges of unsold inventory in America have created a headache for the maker of Rémy Martin cognac. (The Times £)
The maker of Tunnock’s Teacakes has seen income plunge by greater than 80% after the corporate was hit by an “unprecedented” leap in prices. (The Telegraph £)
Insane Grain, a snacking start-up based by Rushina Shah, has secured funding from Harry Kane — and the England captain additionally will seem on the packaging of the snacks. (The Times £)
Leading chocolate manufacturers have been criticised for having “inadequate” moral requirements of their cocoa provide chain in a report from Ethical Consumer. Only 17 out of 82 manufacturers investigated by the buyer organisation have been judged to be utilizing chocolate from suppliers that ensured farmers have been paid sufficient to reside on. (The Guardian)
Since the Covid pandemic, pups look like extra pampered, and cats higher catered for, notably across the festive season. According to retail analysts at Kantar, within the eight weeks to Christmas 2022, spending on pet provides was up by 12% on 2021’s determine. (The Guardian)
Some recent shopping for exercise on the Unilever board might sign director confidence concerning the refreshed technique. CEO Hein Schumacher picked up €62,000-worth of shares on the Amsterdam Stock Exchange on November 22. In London, a person intently related with director and chair designate Ian Meakins acquired £995,000-worth of shares on the identical day. (The Financial Times £)
A burger chain boasting a tie-up with Ed Sheeran, Honest Burgers, has been plunged right into a row with HM Revenue & Customs after pleas for extra time to pay a tax invoice fell on deaf ears. (The Times £)
The worth of corn has tumbled to a three-year low as provides from the US and Brazil surge whereas demand stagnates, serving to to chill meals worth inflation however heaping stress on farmers who had been anticipating excessive costs to final. (The Financial Times £)
