EG Group has told its investors for a third year running that it needs more time to produce audited accounts, citing the increased size and complexity of the business (The Financial Times £).
Unilever and Diageo have been dropped from a government-backed scheme that promotes fair treatment of suppliers for “failing to honour their commitments” (The Times £).
“Every shopper in the UK” will have access to refillable groceries in a large supermarket or with a delivery service under plans by some of the country’s biggest grocers (The Guardian).
Just Eat Takeaway losses climb sharply to over €1bn in 2021 as a significant jump in orders failed to make up for heavy investment in the firm’s expansion (The Mail).
Hotel Chocolat is revamping its stores with more space, free samples and cafes alongside its sweet treats as it ramps up expansion plans amid soaring sales (The Mail).
The Lakes Distillery has launched a fresh £5m fundraising as a prelude to a stock market flotation (The Times £).
Oligarch Mikhail Fridman has stepped down from the board of the company that owns Holland & Barrett after being put on a sanctions list by the European Union (The Mail).
The UK-based Russian billionaire oligarchs Mikhail Fridman and Petr Aven have had their shares in the $22bn (£17bn) conglomerate LetterOne, which owns Holland & Barrett, “frozen”, days after they were hit with EU sanctions following Russia’s invasion of Ukraine (The Guardian).
Oil and gas prices are soaring, with prices at UK petrol pumps hitting a new high of 151.7p as Russia’s escalating invasion of Ukraine continues to cause turmoil in the energy markets (The Guardian).
Brent crude, the global benchmark oil price, rose as much as 10% to more than $118 a barrel, a high not seen since 2013, as increasing numbers of western companies stopped buying Russian oil (The Times £).
The cost of oil surged on Wednesday, as traders snapped up non-Russian oil, increasing the chance of further price rises at UK forecourts (BBC News).
Petrol retailers have defended the speed of pump price increases and urged the chancellor to help motorists absorb record bills by cutting VAT on fuel (Sky News).
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