The big supermarkets need to step up support for low-income customers marooned in England’s “food deserts” to enable them to readily access healthy groceries during the cost of living crisis, according to the consumer group Which? (The Guardian).
Britain’s retailers are bracing themselves for a tough Christmas trading period as hard-pressed consumers react to a worsening cost of living crisis by cutting back on spending (The Guardian).
Half of Britons plan to cut down on Christmas gifts and activities to try to save money amid the biggest squeeze on household budgets in decades, a survey shows (The Times £).
Employees at DS Smith have voted to strike over pay in a move that threatens to disrupt trading over Christmas (The Times £).
Gluten-free baker Genius has reported losses that doubled in the past year (The Times £).
Gift card seller Appreciate Group has agreed to be bought by payments firm PayPoint in a transaction worth around £83m (Daily Mail).
Farmers struggling with rising costs fear going out of business if the government brings in restrictions on the building of solar panels on agricultural land (The Times £).
The maker of Marlboro cigarettes will snap up the Swedish manufacturer of smoke-free tobacco products for £14bn after Elliott Management backed the deal (Daily Mail). Philip Morris International will take control of Swedish Match, having secured approval from 83% of its shareholders.
Bosses of the UK’s 100 biggest publicly listed companies have seen their pay jump by an average of 23% to almost £4m because of record bonus payments (The Guardian).
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