The new boss of the Co-operative Group is braced for further “shocks” after a tumultuous year during which profits were hit by disruption to its supply chain that coincided with a systems upgrade in its grocery business (The Times £).
The mutual said underlying profit for 2021, stripping out a one-off £99m gain relating to the sale of the Co-operative Bank in 2017, was down 57% to £100m, compared with the year before, and that sales slipped to £11.2bn, from £11.5bn (The Guardian).
The private equity owner of Morrisons has offered to sell about 100 petrol stations to gain approval from the competition watchdog (The Times £).
The Competition and Markets Authority said CD&R has offered to sell some of its petrol stations – paving the way for the deal to be approved (The Mail).
Britain’s supermarkets have become embroiled in a pay war as they fight to retain staff and fill vacancies (The Mail).
Shoplifting prosecutions have fallen to an all time low amid warnings that thefts will soar because of the cost of living crisis (The Telegraph).
Adults will be urged to use a tape measure to check their waist circumference under guidelines aimed at reducing obesity rates (The Times £).
Ferrero has recalled some of its Kinder chocolates from shops in the US over a potential salmonella contamination (BBC News).
Amazon is facing the prospect of an investor vote on a proposed independent audit of its treatment of warehouse workers after America’s senior financial regulator rejected its attempt to drop the resolution (The Times £).
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