UK chancellor Jeremy Hunt has delayed the date for his long-awaited medium-term fiscal plan from October 31 to November 17, as calmer markets give the government some economic breathing space (The Financial Times £).
Rishi Sunak has delayed next week’s statement setting out how the government will close a £40bn black hole in the country’s finances (The Times £).
There will be no Christmas TV advertising boom this year as jitters over associating with the World Cup host Qatar’s human rights record and the cost of living crisis put paid to the annual battle of the big-budget extravaganzas that traditionally bombard the public over the festive season (The Guardian).
Households are forgoing air fresheners and vitamins during the cost of living squeeze, Reckitt Benckiser said on Wednesday, becoming the latest consumer goods group to post a decline in sales volumes (The Financial Times £).
Reckitt Benckiser has lifted annual turnover expectations after rising prices helped offset declining volumes of its hygiene products (The Mail).
Price rises and easing costs have added up to an increase in revenue at Reckitt Benckiser, despite a slowdown in sales at the London-listed household goods group (The Times £).
A peanut butter, dried thyme and garlic pasta dish is Nigella Lawson’s answer to money-saving as part of a suite of £1.25-a-portion recipes she has created under a partnership with online grocer Ocado, the TV cook’s first sponsorship deal with a retailer (The Guardian).
The boss of Virgin Wines UK said he expects more Britons will drink at home this winter as the cost of eating and drinking out soars (The Mail).
Virgin Enterprises has asked a High Court judge to reject a bid by Heineken to invalidate the British company’s trademark for a brand that it sells on trains. The legal row centres on the Dutch brewer’s Desperados Virgin brand, a non-alcoholic lager launched in France in 2020 and now sold in more than 50 countries — but not yet the UK (The Times £).
Mondelez has become the latest food company to step up its efforts to raise pay and reduce child labour in cocoa farming, as tensions flare between the African nations that produce much of the global crop and the chocolate industry. The owner of brands from Cadbury to Toblerone said on Wednesday that it would commit an additional $600m in sustainability funding until 2030, on top of $400m invested over the past decade (The Financial Times £).
No comments yet