Unilever has agreed to publish more rigorous data on the fat, sugar and salt in its food products and will set itself targets for improvement after facing a revolt by a minority of shareholders (The Times £). Unilever is to publish nutrition scores for its food portfolio, which includes Ben & Jerry’s and Magnum ice-cream, Hellmann’s mayonnaise and Knorr stock cubes, against external health metrics and set new targets following pressure from investors over obesity (The Financial Times £)

With the west having unleashed severe financial sanctions, and companies abandoning Russian operations, attention is now turning to businesses yet to take a stand. The chief of New York state’s pension fund singled out McDonald’s and Pepsi. (Sky News)

Angry customers have taken to social media to call for a boycott of Holland & Barrett over its links to oligarch Mikhail Fridman, who has been sanctioned by the European Union. (The Daily Mail)

The war in Ukraine will deliver a shock to the global supply and cost of food, the boss of one of the world’s biggest fertiliser companies has said (The BBC). Wheat prices have hit record highs on intensifying concerns of a supply shortage because of the war in Ukraine, raising the spectre of soaring global food inflation. (The Financial Times £)

Big luxury brands suspend operations in Russia. LVMH and Kering join Hermès, Chanel and Richemont amid consumer pressure over Ukraine war. (The Financial Times £)

Next week Dame Sharon White, the chairwoman, will face her partners, critics and customers with results that will bear the scars of store closures and redundancies, but also the potential return of its much-missed staff bonus (The Times £).

Dame Sharon White tells The Daily Mail that companies must not allow social and environmental goals to distract them from making profits. (The Daily Mail)

John Lewis expected to receive a flurry of angry letters after revealing it was ditching its “never knowingly undersold” price match pledge, almost a century old. But they didn’t materialise. (The Telegraph)

UK shopping centres can still have a bright future, according to Hammerson, following a brutal five years in which the value of the company’s malls has fallen by almost two-thirds and its largest rival has collapsed (The Financial Times £). The value of Hammerson’s portfolio of shopping centres is stabilising after five years of sharp declines (The Times £).

In an interview with The Sunday Times, Asda owners the Issa Brothers target overtaking Sainsbury’s. “Asda, which has been locked in a price war with discounters Aldi and Lidl, is shifting its focus towards improving product quality. The brothers want to inject greater vibrancy into Asda’s 581 supermarkets and, longer term, open a chain of standalone Asda convenience stores.” (The Times £)

Iceland boss Richard Walker admits to The Guardian to being “a hypocrite” who will not deliver on a pledge to remove plastic from its shelves next year. The man in charge of the discount chain his father founded is battling to cut its heavy use of plastic, because ‘sustainability cannot only be for the rich’. (The Guardian)

The hedge fund founded by Brexit-backing tycoon Sir Paul Marshall has become the first investor to take a significant bet against Deliveroo since its disastrous stock market float last year. (The Daily Mail)

American food delivery giant DoorDash explored a takeover of London-listed Deliveroo as part of a move to expand into Europe, it can be revealed. (The Times £)

Yorkshire startups vie for a slice of the meat and dairy substitute pie. Renovated mill in Leeds is now home to a growing number of plant-based food companies. (The Guardian)

Instead of expanding, Amazon is in full-scale retreat, closing many of its brick and mortar stores in both this country and the US. In effect, it has been a failure. “There are lessons in that for every business. Brands don’t necessarily translate from one format to another no matter how strong they are.” (The Telegraph)

Post-Brexit turmoil strains English farmers’ ties to Tory party. While the Conservative party, with its strong rural base, has for centuries been known as the “farmers’ friend”, a series of post-Brexit issues — a labour shortage, trade deals unfavourable to agriculture, and the slow rollout of drastic changes to financial support from government — has sent relations to their lowest ebb in decades. (The Financial Times £)

The Guardian looks at why BrewDog’s green scheme is causing controversy? The firm has pledged to plant huge forest in Scotland, but some of its environmental claims have raised eyebrows. (The Guardian)

Topics