Day: October 17, 2024
BRC lobbying sparks row with small shops over business rates
The BRC has been accused of making proposals that only benefit ‘the largest retailers’ while being ‘really detrimental to a large majority of independents’
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More than 600 charities call for Reeves to salvage £15m farmgate food waste fund
The charities said the fund could go towards providing up to 67 million meals a year to people in need but would go to waste without government support
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Media Bites 17 October: M&S, BrewDog, Tate & Lyle
A busy morning in the papers for fmcg sees a spotlight on the latest NIQ supermarket data, BrewDog financial results and takeover speculation at Tate & Lyle
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City snapshot: Nestlé downgrades growth forecasts on weak shopper demand
Nestlé has lowered its growth expectations for the year after a disappointing third quarter as the world’s biggest food company struggled with soft consumer demand. Plus, Tate & Lyle shares boom on takeover speculation, and Deliveroo and Pernod Ricar…
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Infinite Roots secures £2m to explore whey upcycling tech
The German business is working with the Hamburg University of Technology to develop technology to upcycle whey into a fermentation feedstock for its mycelium, paving the way for the creation of new food ingredients and products
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Tesco extends good faith payment system for suppliers
The Good Faith Receiving auditing system essentially assumes most suppliers’ inbound deliveries are accurate, and has been used by several of Tesco’s rivals for a number of years
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Greggs opens champagne bar in Newcastle’s Fenwick shopping centre
The northern baker will serve its savoury and sweet bakes alongside ‘elevated’ condiments and tipples
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PerfectTed debuts Nespresso-compatible matcha pods range
Pods in OG Matcha, Salted Caramel and Vanilla Bean are rolling into retail this autumn
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Tate & Lyle targeted by US buyout specialist Advent International
Although there is no certainty an offer will be made, it is expected to be higher than Tate & Lyle’s £2.8bn market value
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Sacla’ adds trio of Italian cooking sauces to pair with meat
The sauces are claimed to bring something ‘completely new’ to the category
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‘Iceland vs Iceland’ trademark dispute rages on as Iceland Foods begins latest appeal
It’s the third round of legal proceedings in what is now an eight-year legal battle with the Icelandic government over the use of the word ‘Iceland’ in the EU
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Harlech Foodservice halfway to its five-year workforce expansion goal
The wholesaler has been able to offer new jobs thanks to contracts won across Wales and the Midlands
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RSPCA contributes evidence to Court of Appeal on ‘frankenchickens’
Fast-growing chickens make up about 90% of chicken sold in supermarkets and experience health and welfare issues
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Northern Monk and Timothy Taylor’s unite to launch nitro stout into Morrisons
The launch comes amid growing demand for dark beers in the UK
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NFU boss hits out at government’s food sector ‘policy paralysis’
Farmers were growing increasingly frustrated at a lack of concrete policies on a raft of major issues, warned Tom Bradshaw
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Poundland rolls out rewards app nationwide in £20m value push
Poundland is rolling out its rewards app nationwide as part of a £20m investment to deliver better value to customers.
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The Entertainer opens over 850 toy concessions in Tesco
The Entertainer has completed its major roll-out of more than 850 toy shop-in-shops within Tesco stores as part of its partnership with the grocery giant.
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Tesco secures landmark solar deal to power 144 stores
Tesco has signed a deal to acquire enough solar energy to power 144 of its large stores, purchasing almost two-thirds of the electricity generated by the Cleve Hill solar park in Kent.
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Snapchat to open immersive AR ‘high street’ with Boots and Depop
Snapchat is launching a new immersive high-street experience, Snap Street, set to open in East London this weekend.
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DFS chief financial officer to exit
DFS chief financial officer John Fallon is set to stand down from his role at the furniture retailer.
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