Co2 gas canisters

Source: Getty

Britain’s biggest fertiliser producer and carbon dioxide supplier to the country’s meat, beer and soft drinks sectors is to close one of its plants as soaring energy costs continue to bite (The Financial Times £).

The government has urged Britain’s biggest supplier of carbon dioxide to find a buyer for a plant in Cheshire where hundreds of jobs are at risk (The Times £).

The UK is expected to have the highest inflation in the G7 not just this year but also in 2023 and 2024, according to economists, reflecting how Britain is struggling with a toxic combination of price rises recorded in Europe and North America (The Financial Times £).

The price of petrol has experienced its biggest daily increase in 17 years, prompting the prime minister to warn rogue retailers that they could be “named and shamed” (The Times £).

Tesco has been rebuked by the UK advertising watchdog after the country’s largest supermarket chain failed to show that its Plant Chef burgers and plant protein-based foods were more environmentally friendly than their meat equivalents (The Financial Times £).

John Lewis will become the first British retailer to build homes to rent after earmarking two Waitrose supermarkets and a former collection depot for redevelopment (The Financial Times £).

The retailer plans to build on Waitrose shops in Bromley and West Ealing in Greater London and to demolish a John Lewis warehouse in Mill Lane, Reading (The Times £). The three sites will provide space for hundreds of homes but the exact number will depend on planning approvals, according to a spokesman.

Unveiling its plans in detail for the first time, the company said its one-, two- and three-bedroom flats will be furnished with John Lewis products and come complete with communal areas such as roof gardens, gyms, flexible office space or meeting rooms where events will be hosted to bring people together (The Guardian).

A food crisis kicked off by the Ukraine war could last for years without intervention, the head of the World Trade Organization has said (BBC News).

Dave Clark, the senior Amazon executive who announced his surprise departure from the company last week, is set to become chief executive of logistics software start-up Flexport (The Financial Times £).

The restaurant group behind Franco Manca and The Real Greek said it was taking advantage of “historically low rental levels” to push ahead with expansion plans (The Times £).