Shops across the country are reporting two thefts a minute to police amid a growing shoplifting epidemic, official figures show. (Telegraph). A total of 469,788 offences were logged by police forces in the year to June 2024, a 29% increase compared with the 365,173 recorded in the previous 12-month period (The Guardian). Serial offenders reveal why they have stolen in the past and how the problem can be solved (Sky News).
John Lewis will teach customers how to cook at its shops under a new deal with Jamie Oliver, as the retailer steps up plans to reinvigorate its department stores (Telegraph). The retailer has onfirmed plans to invest £800m in its brand over the next four years (The Guardian). The cookery school, set to open in March 2025, will have two classrooms and a 50-seat café (The Times).
Nestlé has shocked Wall Street by revealing a big drop in sales this year. The maker of Nespresso, Purina and San Pellegrino said sales were down 2.4% for the nine months to the end of September (Daily Mail).
Consumer confidence has fallen again amid further worsening sentiment around the upcoming autumn Budget, according to GfK’s Consumer Confidence Index, which fell one point in October to -21 (The Standard).
Applied Nutrition shares moved sharply higher at the open on Thursday, jumping more than 7% in early trading to 150p, as the group made its debut as a London-listed company (Daily Mail).
The boss of Marks & Spencer, Stuart Machin, has slammed Labour’s “doom and gloom” and warned there is no “coherent growth narrative” ahead of the budget (Daily Mail).
Keurig Dr Pepper is buying a 60% stake in energy drink maker Ghost for $990m, with a plan to purchase the rest in 2028, as it looks to spruce up its refreshment beverages portfolio (Reuters).
A Dutch court has found Heineken liable for competition violations committed by its Greek subsidiary as far back as the 1990s, potentially leaving the brewer open to hundreds of millions of euros in fines (Financial Times).
Francesco Mutti, chief executive of Mutti, has urged Brussels to protect farmers from the “unfair” competition posed by cheap tomato paste made in China’s Xinjiang region and restore the “dignity” of Italy’s tomatoes (Financial Times).
US fast-food chains were pulling fresh onions out of their menu items on Thursday after the vegetable was named as the likely source of an e.coli outbreak at McDonald’s restaurants (Reuters).
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