Last week we discovered that the UK isn’t out of recession after all. (No kidding.) And the job losses keep on coming, with tea brand Twinings set to axe 400 staff.
That’s despite its owner, Associated British Foods, this week reporting a 4% rise in group profits and insisting that Twinings, among others, was making “strong progress”. The Guardian reports, as do The Times and the Daily Mirror.
The other big news, of course, is that Marks & Spencer is to start selling branded groceries across all its UK stores following a successful trial. The Daily Mail leads the way, closely followed by the Mirror, the Financial Times and the Daily Telegraph.
Still with M&S, the Guardian says HMV boss Simon Fox is now a front-runner to succeed Sir Stuart Rose at the helm.
Elsewhere in the Mail, there’s news that Cadbury will stop packaging Roses chocolates in tins in a bid to save the environment (and possibly some cash). But as you can already get Roses in boxes, this possibly that a huge innovation.
Talking of Cadbury: its US suitor, Kraft, has lowered its sales outlook for the coming year. The Times and the Guardian both take a look.
In less plausible news, the Mail also says eating tomatoes is the key to keeping slim – rather, say, than eating sensibly and doing some exercise.
The Independent is a bit late on the news that United Biscuits is switching to sustainable palm oil, which thegrocer.co.uk reported last week. The Indy also says Threshers franchisees are seeking legal help to avoid entering bankruptcy following the administration of First Quench.
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