Household names from Tesco to Ocado are failing to give enough information about how they will survive in a ‘greener’ economy, according to data. The firms are among a group of ‘laggards’ on the FTSE 100 which are making only brief mention of issues such as meeting net-zero goals and reducing carbon emissions in their investor reports, the research from Insig AI. (The Daily Mail)

Amazon workers at Tilbury in Essex have stopped working for the second day in a row as fury over the online retailer’s “insulting” pay rise offer spread to three other UK warehouses (The Guardian). In the week that the Bank of England warned Britain was set to suffer its biggest fall in living standards for 60 years, Amazon’s workers learnt that the US behemoth was bestowing upon them a pay rise of just 35p an hour. Workers reacted with disgust (The Times £).

Pets are not just for lockdown, to judge by the first-quarter numbers issued by Pets at Home. While most lockdown beneficiaries have since lost some or all of their pandemic-related growth, the non-discretionary nature of pet food, health products and services has enabled Pets at Home to hang on to its growth. (The Times £)

Sixteen million people have cut back on food and essentials during the cost-of-living crisis (Sky News). More than a third of people across England, Wales and Scotland are cutting back on food and essentials in order to help with the cost of living, a new survey has shown (The BBC).

People are going back to cash to keep tighter control on their spending as living costs soar, according to new research by the Post Office. (The BBC)

The number of UK businesses in “critical financial distress” has risen by more than a third over the past year, with those sectors most exposed to consumer spending, such as bars and shops, struggling the most. (The Times £)

Debt repayments, staff shortages and rising energy bills have pushed almost two-thirds of the UK’s top 100 restaurants into the red, according to research that reveals the impact of the pandemic, Brexit and the cost of living crisis on the hospitality sector. (The Guardian)

Bordeaux Index, the world’s largest fine-wine trader, is toasting surging sales as investors flock to rare vintages in part as a hedge against rampant inflation. (The Financial Times £)

Craft cider-making has boomed in the US in recent years, with new producers popping up around the country. Americans are drinking 10 times more cider than they were a decade ago. (The Guardian)

Higher wheat prices and driver shortages weigh on Domino’s, but its shareholder offering remains strong, writes the FT. Analysts at Peel Hunt estimate that some £500m, or almost half of the market cap, could be returned to shareholders in the next three years. (The Financial Times £)

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