China has slapped a tariff on brandy from the EU as its trade row with Brussels escalates, The Guardian reports. Earlier this week the EU imposed extra levies on Chinese electric vehicles. The tariff is as high as 39%.
The latest Kantar market share figures receive the usual generous coverage in the nationals. The most interesting finding comes from The Daily Telegraph which notes that M&S is now the fastest growing supermarket, with sales up 12.4%. It’s unusual because Kantar does not generally provide market share performance figures for M&S to the national media as its sales are masked owing to their use in other Kantar data collection. In doing so M&S has overtaken online joint partner Ocado (10%) as well as discounter Lidl (8%).
Sky News highlights the role of chilled soft drinks, chocolate confectionery and skin care in the uptick in Inflation, which rose from 1.7% to 2.0% in the latest Kantar numbers. Meanwhile the Daily Mail zeroes in on the ’huge sales’ of hot chocolate, soup and even pumpkins owing to the record wet weather in September.
Europastry’s €1.5bn frozen pastry IPO has been postponed for the second time, the Financial Times reports. The Galles family, who were looking to raise around €500m from the placing, pulled the plug with just two days to go, blaming the “international geopolitical situation, which is causing profound instability”.
Canadian convenience giant Couche Tard has upped its bid for the 7-Eleven convenience chain to $47bn, the Financial Times reports. The non-binding offer is 20% higher than the original bid, which was rejected by the Japanese owners.
No comments yet