Kellogg’s has lost a High Court legal challenge over new UK government regulations that will restrict high-sugar breakfast cereals from being displayed prominently in supermarkets (The Financial Times £).
The company, whose brands include Corn Flakes, Coco Pops and Frosties, had argued the government’s inclusion of Kellogg’s cereals among “less healthy” foods was unfair because it did not take into account the milk that was usually added them (The Guardian).
Putting milk on your cereal does not make it healthier, judges have ruled after Kellogg’s took the government to court over its plans to tackle obesity (The Telegraph).
The company said the decision was likely to cost it £5m in lost profits (The Times £).
The Department of Health and Social Care said it strongly welcomed the judgement as location promotion restrictions were expected to deliver more than £57bn of health benefits (BBC News).
Pret A Manger has returned to profit for the first time since the pandemic began, after the company switched its focus from city centre outlets to out-of-town shops (The Financial Times £).
The coffee chain said sales are back above pre-pandemic levels as its recovery has ‘continued and accelerated this year’ (The Mail).
Announcing trading figures for the first six months of 2022, the company said its recovery had “continued and accelerated”, with half-year revenues of £357.8m, helping it return to profitability in March and becoming cashflow positive since May (The Guardian).
The boss of Pret a Manger is urging train operators and unions to agree a deal to prevent further train strikes and avoid any further slump in trade (The Times £).
A non-executive director of Pret a Manger who is also a former L’Oréal executive has been appointed to lead the tea company behind PG Tips and Lipton after its sale by Unilever to a private equity firm (The Times £).
The chief executive of BrewDog, who was accused by hundreds of staff of bullying and misconduct, has said he is seeing a specialist to explore whether he has autism (The Times £).
James Watt, the CEO of the craft beer company, revealed that he has sought specialist help after being described as an “obsessive” and “cold-eyed” person who struggles to “express empathy or read social cues” (The Telegraph).
Amazon is launching a fleet of e-cargo bikes and a team of on-foot delivery staff to replace thousands of van deliveries on London’s roads (The Guardian).
Supermarket giant Tesco has commenced the opening stage of its share buyback programme (The Mail). The company has appointed HSBC Bank to repurchase shares worth up to £150m on its behalf as part of a £750m scheme, which was announced three months ago on the publication of its full-year results.
The market report in The Times (£) focuses on Pets at Home after the retailer was hit with a broker downgrade.
Protesters have brought parts of the motorway network to a standstill as they stage action over spiralling fuel prices (The Times £).