Prime: Aldi limits sale of KSI-Logan Paul energy drink after store carnage goes viral December 29, 2022 Discount store Aldi has been forced to limit sales of a new energy drink made by KSI and Logan Paul after customers were shown clamouring to buy the item. A video shared on Twitter by a user called Mark Hall showed raucous Aldi shoppers grabbing the drink today, with staff members attempting to only allow [...]
Bird flu: Free-range egg rules could be scrapped to help UK farmers rival EU December 29, 2022 Eggs laid by hens kept indoors for months straight could be sold as free-range under a potential relaxing of rules. It comes as egg farmers in the UK have been battling the biggest avian flu outbreak on record, leading to fears of shortages. Under changes being looked at by ministers, there could be a relaxation [...]
EXCL – Majestic Wine’s CEO John Colley on why 2022 will go down as the year of fizz December 29, 2022 Two years ago Majestic Wine went private, under the ownership of Fortress Investment. As a private entity, the company has enjoyed two years of transformation and the results have not gone unnoticed in the City: record growth and record sales. The Watford-based wine giant also opened a number of new branches and undertook a turn-around plan whilst [...]
Wealthy Brits see inflation as biggest threat in 2023 with worst sleep for older millionaires December 29, 2022 High-net-worth-individuals see inflation as the most significant risk to their personal finances in 2023. While younger respondents remain fairly confident in the future of the UK economy and their own wealth, older HNWIs express significant concerns. Just a third (34%) of 55-64s and less than a quarter (23%) of over 65s say they feel confident [...]
EXCL – Sunak should lower national insurance in 2023, argues jobs chief December 28, 2022 With inflation having reached a 40-year high this year and the economy predicted to shrink in 2023, Morning Wire zooms in on the volatile, hyperactive UK jobs market by checking in with Paul Farrer, the CEO and founder of London-based recruitment giant Aspire. Sitting down with this paper today, Farrer calls on the new Prime [...]
The High Street in 2023: Full of tech and hyper-local but still with 17th century touches December 28, 2022 In order to save the Great British high street of the 21st century in 2023, one may need to go back in time and take inspiration from the 17th century. Far from the vision of a super futuristic, tech-heavy world, a desire for face-to-face contact and micro communities, which has been accelerated by the pandemic, will drive [...]
Made.com customers will not see return of £12m in deposits for pricey furniture December 27, 2022 Tens of thousands of Made.com customers will be left out of pocket by a total of nearly £12m, according to the homeware firm’s administrators. The London-listed sofa seller collapsed this autumn after a consumer crunch caused sales to slow, resulting in hundreds of job losses. Now, a report by PwC administrators has revealed that more [...]
Boxing Day footfall bounce for retail as West End chief calls for recovery help December 27, 2022 Retail destinations across the country reaped the rewards of a Christmas without Covid restrictions as Boxing Day sales enticed shoppers out of their houses. However, business leaders noted footfall was still below 2019 levels and called on the government to help accelerate retail’s recovery from the Covid-19 pandemic as it grapples with an economic downturn. [...]
Former Chancellor George Osborne ‘disappointed’ by government delay on junk food advert ban December 27, 2022 Former Chancellor George Osborne has said he would extend a sugar levy and dubbed it “disappointing” that marketing restrictions on junk food have not yet been introduced. The former Tory politician said it was “very disappointing” that restrictions on advertising food products with high fat, sugar or salt (HFSS) contents have been delayed. A ban [...]
Best of 2022: Michael Doughty on quitting football to found ethical brand Hylo Athletics December 26, 2022 In this interview first published in October 2022, former Premier League footballer Michael Doughty explains why he walked away from the game to set up sustainable sportswear brand Hylo Athletics. The longer that Michael Doughty’s playing career went on, the harder he found it to ignore the effects of climate change. “I saw way more [...]