Holland & Barrett has been left in limbo over a crucial debt payment held up by HSBC given the bank’s concerns about links between the British healthcare retailer and Russian oligarchs on the sanctions list. (The Times £)
Starbucks paid just £5.4m in UK corporation tax last year despite making a gross profit of £95m. The company, which has faced years of heated criticism for paying very little tax in the UK, paid out £26.5m in royalty payments, almost five times as much the UK tax it paid. (The Guardian)
Deliveroo boss’s £106m jackpot not looking quite so tasty: Will Shu’s huge share award now worth £33m after ‘worst IPO in London’s history’. Its post-IPO share price slump means the shares Shu was handed are now worth just £33m, while his stake is valued at £141m. (The Daily Mail)
Shepherd Neame has warned it expects a hit to margins from inflationary pressures in the coming months. But, the group, which is Britain’s oldest brewer, reported a strong pandemic rebound with revenue hitting pre-pandemic half-year levels. (The Daily Mail)
Activist investor Carl Icahn launched a broadside against one of America’s largest retailers, accusing Kroger of having “condoned cruelty towards those who are the most defenceless” by failing to tackle animal welfare concerns and underpaying staff. (The Times £)
The UK government is to host a crisis planning meeting with farmers about rocketing fertiliser prices, as as ministers move to reduce the impact of rising costs on food production. (The Guardian)
A ban on muck-spreading this autumn has been lifted by the Government in a victory for farmers. Food producers have been grappling with rising costs for fertilisers, fuel and animal feed due to the war in Ukraine. (The Telegraph)
Britain imported £830m worth of goods from Ukraine last year, including hundreds of millions of pounds worth of wheat, vegetable oils and live animals, according to new analysis. (The Times £)
Investors have granted Ukraine’s biggest food supplier an extra nine months to make interest payments on its debt, in a deal the company says is vital to its efforts to maintain food supplies across the war-hit country. (The Financial Times £)
With hospitality businesses facing soaring costs, some are warning that a rise in VAT from Friday will force them to increase prices for customers. (The BBC)
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