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Barclays Bank logo is seen in this illustration taken March 12, 2023. Tesco Plc and Tesco Bank declined to comment. It could not be established how much the proposed deal would value the Tesco Bank assets. Tesco Bank was launched in 1997 as a joint venture between the British supermarket group and Royal Bank of Scotland, with Tesco later taking full control of the company. Despite seeing it as a growth area in the past, Tesco has been scaling back its banking services, including no longer offering current accounts and offloading its mortgage portfolio to Lloyds Banking Group (LLOY.L).

Persons: Dado Ruvic, Amy, Jo Crowley, Pablo Mayo Cerqueiro, Lawrence White, Iain Withers, Anousha Sakoui, Jane Merriman Organizations: Barclays Bank, REUTERS, Barclays, Reuters, Tesco Bank, Tesco, Tesco Plc, British, Royal Bank of Scotland, Lloyds Banking Group, Thomson Locations: British, Kensington

☆ JPMorgan: The world's food supplies face a bleak future. These are the 3 biggest threats, and the companies best-positioned to tackle food insecurity.
▼ + stars: | 2023-08-25 | by ( Mark Reeth | ) www.businessinsider.com time to read: +10 min

Investors need to know exactly where the threats to the world's food supply are coming from, what themes are beginning to emerge in this new reality, and how they should be investing. New threats to the world's food supplyIn her report, Chang highlighted the ongoing problems affecting the world's food supply: war, weather, and the weaponization of food. One of the most devastating recently implemented restrictions on food supply is India's decision to ban the exportation of non-Basmati white rice. The combination of war, weather, and the weaponization of food has taken a toll on the world's food availability. And within food innovation, JPMorgan analysts like Philippine food and beverage maker Monde Nissin (MONDE PM) and Thailand-based seafood producer Thai Union (TU TB).

Persons: UNICEF — that's, Global Research Joyce Chang, Chang, El, Hilary, CJ Cheiljedang, Mengniu Dairy, Kubota, Jeronimo Martins SGPS Organizations: JPMorgan, Hurricanes, UNICEF —, Global Research, Grain Initiative, Food Policy Research, Food, Agriculture Commodities, ASEAN, Mahindra, LG, Thai Union, TU, Jeronimo Martins SGPS SA, Tesco PLC, J Sainsbury PLC, Koninklijke Ahold Delhaize, Carrefour SA, Yara International ASA, OCI, OCI NA, Bayer AG, PepsiCo Locations: Ukraine, California, Canada, East Coast, Russia, Africa, Asia, India, El, South Korean, HK, South Korea, Philippine, Thailand, Europe

☆ Walmart will derive more profit from services, ad sales in next 5 years -CFO
▼ + stars: | 2023-03-07 | by ( ) www.reuters.com time to read: +3 min

"Today, the vast majority of our overall profits are attributable to in-store brick-and-mortar in the U.S.," John David Rainey, Walmart's CFO, said at a Raymond James Conference. Services, such as fees Walmart collects from third-party sellers on Walmart.com, the cut it gets if Walmart fulfills those orders to shoppers and the dollars that advertisers spend through Walmart's growing retail media business, are the higher-margin, faster-growing parts of Walmart's business, Rainey said. Most recently, Amazon disclosed $11.6 billion in revenue from its ad business in the fourth quarter. The business has grown rapidly since then, with sales rising nearly 30% to $2.7 billion in its fiscal year ended Jan. 31. In the fourth quarter, ad sales rose 41% year-over-year, the company said last month.

☆ Analysis: To raise prices or not? Consumer goods makers weigh bets on buyer strength
▼ + stars: | 2023-02-20 | by ( Jessica Dinapoli | Thomson Reuters | New York-Based Reporter Covering U.S. Consumer Products Spanning Paper Towels To Packaged Food | ) www.reuters.com time to read: +6 min

But, there are small signs the pressure is easing, with U.S. consumer prices a month earlier declining for the first time in two-and-a-half years, due in part to gas prices. Price hikes - or halts - are set to take center stage at the Consumer Analyst Group of New York annual conference on Feb. 20 in Boca Raton, Florida. DIFFERENT PREDICTIONSAfter more than a year of consistent price hikes, some consumer goods makers such as Kraft Mac & Cheese manufacturer Kraft Heinz Co (KHC.O) are pressing pause as they weigh consumer demand for their items. Frozen pizza prices have risen about 14% in the last year, according to IRI data. "Retailers cannot truly push back on prices … if the company has an important brand," Bernstein analyst Bruno Monteyne said.

☆ Britain's Tesco to explore sale of banking unit, Sky News reports
▼ + stars: | 2023-02-18 | by ( ) www.reuters.com time to read: +1 min

Feb 18 (Reuters) - Britain's biggest retailer Tesco Plc (TSCO.L) is planning to review its presence in the UK banking sector in a move that could lead to a sale of its banking arm, Sky News reported on Saturday. The supermarket chain operator is lining up Goldman Sachs to advise on the future of Tesco Bank, the report said. The review was at a very preliminary stage and may not lead to a formal sale process, the report quoted sources as saying. A partial sale or joint venture could also be an option for the retailer, the report added, quoting one source. Tesco Bank, which was founded in 1997, has more than five million customers across its banking and insurance business, according to the data available on its website.

☆ Israel's Trigo raises $100 mln to expand autonomous shopping technology
▼ + stars: | 2022-10-26 | by ( ) www.reuters.com time to read: +1 min

JERUSALEM, Oct 26 (Reuters) - Israel’s Trigo said on Wednesday it raised $100 million in a private funding round to ramp up deployment for its technology that allows customers to shop without having to wait in line at a store’s checkout. The round was led by Singapore investment firm Temasek and 83North. Trigo said its technology transforms existing supermarkets into fully autonomous digital stores through the use of ceiling-mounted cameras that track customer movement and product choices, to make shopping “frictionless”. It said it would use the new funds to expand further into the United States and Europe, while developing an inventory management application suite. Trigo noted its technology is being used by Tesco PLC (TSCO.L) in Britain, ALDI (ALDIEI.UL) in the Netherlands, Wakefern in the United States and and Netto and REWE (REGRP.UL) in Germany.

☆ There's renewed hope in the possibility that global central banks are nearing the end of their rate hike cycle. Here's how that's driving markets.
▼ + stars: | 2022-10-05 | by ( Hallam Bullock | ) www.businessinsider.com time to read: +6 min

Central bank moves and softer economic data have investors hoping that the Fed and other central banks are almost done hiking interest rates. There's some renewed hope for a Fed pivot on the horizon. Australia's central bank surprised forecasters by raising interest rates by a less-than-expected 25 basis points, becoming the first central bank to abandon its path of jumbo rate hikes. Fewer job openings mean employers aren't compelled to offer more competitive wages. Number of job openings Chart: Andy Kiersz and Madison Hoff Source: Bureau of Labor Statistics via FRED10.

☆ Industria alimentară din Marea Britanie este în criză din cauza lipsei forței de muncă: „Vor fi probleme toată vara”
▼ + stars: | 2021-06-26 | by ( ) www.jurnal.md time to read: +5 min

Sursa foto: Mark Case/ Getty ImagesIndustria alimentară din Marea Britanie este în criză din cauza lipsei forței de muncă: „Vor fi probleme toată vara”Din abatoare şi până la restaurante, sectorul alimentar din Marea Britanie se confruntă în prezent cu o provocare semnificativă: lipsa mâinii de lucru, transmite Bloomberg. Procesatorii de carne sunt însă forţaţi să reducă producţia din cauza unui deficit de şoferi care perturbă livrarea de alimente către supermarketuri. Companiile au redus deja producţia din cauza lipsei de personal care să se ocupe de procesare şi a şoferilor care să efectueze livrările. Producţia de carne de pui a scăzut deja cu 10% în ultimele săptămâni, susţine British Poultry Council. Pierderea controlului asupra modului în care ne hrănim ca ţară ar submina producătorii britanici de alimente" susţine directorul general de la British Poultry Council.

Persons: Situaţia, Shane Brennan, Nick Allen, susţine Brennan, Ken Murphy, Grocer, Bucătarii, Kate Nicholls Organizations: Uniunea Europeană, British, Agerpres, British Poultry Council Locations: Britanie, Europa, UE, Londra, angajaţi, Britanii, chelnerii, susţine

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