The difference between the price of petrol at supermarkets and the UK average has fallen to its lowest level in five years, highlighting how competition in the industry has lessened, according to an analysis by the AA (The Times £).
Just Eat Takeaway has unveiled a tie-up with Asda to launch grocery deliveries across the UK as it plays catch up to rivals Deliveroo and Uber Eats (The Telegraph).
UK food and drink exports fell by 16% in the first nine months of 2021, according to industry figures that revealed the devastating impact of Brexit and the pandemic on the value of trade (The Guardian).
Steve Easterbrook, the former McDonald’s chief executive who was fired over a relationship with a subordinate, has forfeited more than $105m to settle one of corporate America’s most extraordinary executive pay battles (The Financial Times £).
Easterbrook had been battling attempts by the burger chain to claw back cash and shares he received after leaving two years ago (The Telegraph).
He has returned a package of cash and equity awards worth more than $105 million — one of the largest financial clawbacks ever in corporate America — which McDonald’s said he would have forfeited “had he been truthful at the time of his termination” two years ago (The Times £).
Rishi Sunak will hold talks with business leaders on Friday about a new support package for the hospitality sector after the chief medical officer urged people to scale down their Christmas plans (The Times £).
Omicron puts hospitality industry under lockdown ‘in all but name’ (The Times £).
Consumers will be less likely to spend on big ticket items before Christmas as the rapid spread of Omicron hits confidence, a survey has found (The Times £).
Harrods is to start its Boxing Day sale 10 days earlier than normal as the omicron variant hammers footfall on high streets across the West End (The Telegraph).
Sterling, government bond yields and British bank shares rose yesterday after the Bank of England increased interest rates for the first time in more than three years (The Times £).
Domino’s Pizza Group has promised to “turbo-charge” the growth of the business after settling a three-year dispute with its franchisees (The Times £).
The takeaway pizza chain group said it will invest £20m over the next three years, with franchise owners agreeing to bolster the speed of new store openings (The Mail).
No comments yet