Britons are planning to party at home and save on trips out this Christmas as the cost of living crisis continues to put a dampener on celebrations. A third of 25- to 34-year-olds are planning to host parties in their living rooms this festive season, a 10% increase on last year, according to Tesco. (The Guardian)
John Lewis chair Sharon White has raised fears for the safety of its store workers amid a rise of “organised gangs” of shoplifters who are targeting high-value items such as bottles of spirits. (The Guardian)
AG Barr continues acquisition spree with £12.3m Rio takeover. AG Barr has acquired the tropical fruit drink brand, marking the latest takeover in the Irn-Bru maker’s ongoing expansion efforts. (The Daily Mail)
The Tories have squandered the farming vote, the boss of Riverford Organics has claimed. Guy Singh-Watson, founder and chief executive of Riverford, said there was “a huge amount of anger, frustration” in the countryside over the Government’s rural policies. (The Telegraph)
Coca-Cola has emphasised that more than two-thirds of its portfolio is made up of low and no-calorie products as consumer groups respond to concerns that the growing use of obesity drugs such as Ozempic could erode sales if patients were to buy fewer unhealthy food and drinks. (The Financial Times £)
Pets at Home found itself in the doghouse after a broker called time on buying in the pet-care retailer. Analysts at Shore Capital say uncertainties surrounding the business do not justify a “buy” recommendation, and instead they have moved to “hold”. (The Times £)
Bunzl, the world’s biggest distributor of everyday workplace products, said that a slowdown in price inflation, fluctuating currencies and disposals had resulted in an 8.8% fall in quarterly revenue. (The Times £)
The family of a 21-year-old Ivy League student who died after consuming Panera Bread’s Charged Lemonade – a powerfully caffeinated soda – is suing the food chain, claiming that it failed to appropriately warn customers about what they claim is a “dangerous energy drink”. (The Guardian)
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