Business
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Two big UK supermarkets have announced they’re cutting prices on hundreds more products – with one aiming a “big bazooka” at its rivals. Online grocer Ocado said 450 more of its products were being reduced in price by an average of 17% from yesterday. Meanwhile, Morrisons announced it was lowering the price on more than…
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The boss of JD Wetherspoon has rejected calls for a limit on pre-flight drinking at airports after Ryanair chief executive Michael O’Leary called for the move to tackle disorder on flights. Mr O’Leary said passengers should be limited to two drinks to crack down on antisocial behaviour and violence. But responding to the call today,…
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Prezzo restaurants will undergo a major revamp in the next few years after dozens of its sites were closed in a restructuring programme. The high street restaurant chain announced the closure of 46 loss-making restaurants – more than a third of its sites – last year after it struggled with soaring energy and food costs.…
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A hotel chain in Manchester has been accused of cancelling bookings from customers on nights Oasis is planning to play in the city in 2025 – and relisting them for a higher price. Sacha Lord, nighttime economy adviser for Greater Manchester, wrote on X that he’d been contacted by “several people” who were told their…
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The boss of Iceland says a sudden further minimum wage increase could bankrupt the budget supermarket chain. Richard Walker told The Telegraph that it was right for employees to be paid as much as possible – but any changes should be “bled in slowly”. The minimum wage increased in April to £11.44 for workers aged 21 and…
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Four Nigerian nationals have been sentenced to prison in the United Kingdom after being convicted of forging over 2,000 marriage certificates to facilitate illegal residency in the country. The convicts, identified as Abraham Alade Olarotimi Onifade (41), Abayomi Aderinsoye Shodipo (38), Nosimot Mojisola Gbadamosi (31), and Adekunle Kabir (54), were all sentenced at Woolwich Crown…
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The Lao central bank, the Bank of the Lao PDR (BOL), is set to further increase interest rates to alleviate inflationary pressures currently affecting the economy. The bank’s Monetary Policy Committee has decided to raise the interest rate on Lao currency kip from 10 percent to 10.5 percent per year. The interest rate on foreign…
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It’s time to check if you have any Tesco Clubcard vouchers close to expiring, as £14m worth are due to run out on Saturday. Vouchers are only valid for two years from the date they were issued, so it’s worth making sure you don’t have any hidden away in your account. To check online, go…
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Nutella ice cream is making its UK debut. The Ferrero Group is first selling the flavour in Morrisons, with a wider rollout planned for later this year. You can expect £1.8m-worth of marketing on TV, social media and other avenues to support the launch. Abolishing the two-child benefit cap is unaffordable due to an unexpected increase in…
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The Minister of Power, Adebayo Adelabu, has said that the majority of Nigerian manufacturers, industries and other bulk electricity users have boycotted the country’s national grid over a lack of trust and confidence. The minister disclosed this on Thursday in his speech at the retreat of the board of the Nigeria Electricity Liability Management Company…
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Wine consumption in Nigeria declined by 9 percent to 31.5 million liters in 2023 from 34.7 million in 2022 amid inflation. This is according to a recent report by Euromonitor International. The data shows that the decline in the consumption of wine is not unconnected to the country’s inflation which stood at 33.40 percent in…
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Qatar Airways’ investment in Airlink, an airline mainly serving southern Africa, represents confidence in the region’s aviation industry, the managing director of Airlink’s Namibia partner, FlyNamibia, said. “The biggest benefit of Qatar’s investment in Airlink, from FlyNamibia’s perspective, is the confidence shown by Qatar as a leading international carrier to invest in our industry in…
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WHSmith has launched a café brand as it seeks to expand into the food-to-go market. The first café is in Princess Anne Hospital in Southampton and offers teas and coffees, hot breakfasts and pastries Its branding is the same as the Smith Family Kitchen food-to-go range launched three months ago. WHSmith UK travel managing director…
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Norwegian Prime Minister Jonas Gahr Store on Friday inaugurated Europe’s first gigawatt-scale factory for Lithium Iron Phosphate (LFP) batteries. Located in Arendal, southern Norway, the factory is owned by the start-up Morrow Batteries. Achieving yet another significant milestone, Morrow Batteries can produce 3 million battery cells annually, amounting to a capacity of 1 GWh. Addressing…
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China has made steady progress in leveling the playing field for all market players as it seeks to promote high-quality development of the country’s market regulation sector, Zhou Zhigao, an official of the State Administration for Market Regulation (SAMR), told a press conference Friday. “Fair competition is the core of the market economy and an…
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Coca-Cola is launching an Oreo-flavoured drink in collaboration with the biscuit manufacturer. The limited edition, zero-sugar drink will be released from September in a black and white can containing what Coca-Cola describe as “flavourful hints inspired by Oreo cookies”. At the same time, Oreo will release a Coca-Cola flavoured biscuit. Eugenia Zalis, global head of…
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