CD&R offers to sell petrol stations so watchdog will green light £7bn Morrisons takeover April 7, 2022 Morrisons’ new private equity owner has suggested it would sell an undisclosed number of petrol stations in order to be approved by the UK’s competition watchdog. The competition watchdog had previously expressed concerns as Clayton, Dubilier & Rice (CD&R) also owns petrol station titan Motor Fuel Group (MFG). The Competition and Markets Authority (CMA) said [...]
Amazon sellers get five star status with bogus reviews of toys, investigation finds April 7, 2022 Amazon sellers have been manipulating its review system to boost their review status to five stars, a deep-dive by a consumer choice group has claimed. Businesses are making the most of a loophole with the online retail giant, using items such as cuddly toys and umbrellas to help inflate rating sand sell products. An investigation [...]
Ferrero reveals salmonella discovered at Belgium plant in December as Kinder recall widened April 7, 2022 Confectioner Ferrero has revealed salmonella was found at its Belgium plant at the end of last year, as more products have been recalled. After an investigation by several European food safety and public health authorities, the Kinder-maker said it had acquired new data. More than 130 children are thought to have suffered from salmonella in [...]
£200m boost for all Tesco shop staff and warehouse workers as pay jumps to £10.10 per hour April 7, 2022 Supermarket giant Tesco has announced it will hike hourly wages by 5.8 per cent from £9.55 to £10.10, as Brits face a cost of living crunch. New hourly rates for store and warehouse staff will be effective from 24 July, the grocer revealed on Thursday afternoon. The supermarket also confirmed workers in London would be [...]
Co-op profit hammered by supply chain disruption as chair warns of ‘stark headwinds’ April 7, 2022 The Co-operative Group’s profit has taken a battering after “significant supply chain disruption” last year, as the grocer pledges to support customers amid a cost of living crunch. The supermarket reported profit before tax of £57m for 2021, down £70m on the year before when it pocketed £127m. The Manchester-based grocer did mark higher profit [...]
Airports face two months of disruption amid staff shortage crisis April 7, 2022 Passengers are facing two months of disruption at UK airports as bosses struggle to recruit new staff and covid rips through the workforce.
Ikea owner splashes out on £285m for solar parks across Europe April 6, 2022 The owner of Ikea has invested almost £285m across Europe with the purchase of nine solar park projects. Ingka Group has bought solar photovoltaic (PV) parks in Germany and Spain, from developer Enerparc, which have a combined capacity of 440 megawatt. “The expected production will be sufficient to cover all IKEA stores and warehouses in [...]
Landscaping firm Marshalls snags roofing specialist Marley April 6, 2022 Landscaping firm Marshalls has agreed to acquire roofing specialist Marley for £535m. In an update on the London Stock Exchange on Wednesday afternoon, the FTSE-250 company said the acquisition “represents a significant step towards achieving our strategic goal to become the UK’s leading manufacturer of products for the built environment.” Martyn Coffey, chief executive of [...]
Two Lidl adverts banned after complaint from rival Aldi April 6, 2022 Lidl has been hit with a ban for two adverts after it claimed shoppers could save certain amounts of money compared to Tesco – following a complaint from rival grocer Aldi. The advertising watchdog said the adverts, which were shown in Scotland, were likely to mislead consumers. One advert claimed shoppers could save more than [...]
MPs warn of further food price hikes unless labour shortages are ‘resolved swiftly’ April 6, 2022 More grocery price increases are on the horizon unless the government intervenes to solve worker shortages, MPs have warned. Brits have faced bare supermarket shelves in the past eighteen months as various businesses were hammered by worker shortages. Now, the government must urgently take action and change immigration policy in order to alleviate pressure on [...]