X

X

Tuesday newspaper round-up: Deliveroo, Asda, Ericsson

Books, stationery, phone chargers, toys and exam study guides are the latest items to be ferried to customers on fast-track delivery bikes via a partnership between WH Smith and Deliveroo. The high street retailer will offer 600 products for delivery in as little as 20 minutes, joining similar services offered by supermarkets, pharmacies and takeaways. – Guardian
Asda faces a legal wrangle with Waitrose after unveiling a new £45m cut-price grocery range with a similar name to its pricier rival’s established discount brand. Waitrose, which has used the Essential Waitrose brand for about 13 years, said it had sent a legal letter to its bigger rival over its new brand name Just Essentials by Asda on Monday. – Guardian

Brussels has launched a legal challenge over the use of British parts in the UK’s offshore wind farms. The European Commission submitted its complaint to the World Trade Organisation (WTO), the first such move it has made since Brexit. The UK Government asks offshore wind farm developers to say how many of the parts they are using are from Britain. The UK insists the so-called “local content” request is within the rules of the WTO. – Telegraph

Ukraine has called for a global boycott of the French owner of Decathlon after one of its bosses said it would be “unimaginable” to halt its business in the country. Dmytro Kuleba, the foreign minister in Kyiv, said that the Mulliez group, which owns the Auchan discount brand, Leroy Merlin DIY as well as Decathlon, the sports equipment chain, must pull out of Russia. The group is Russia’s largest foreign employer, employing 77,500 in the country. – The Times

Europe’s largest activist investor and Norway’s sovereign wealth fund will vote against motions at Ericsson’s annual shareholder meeting today that would help to reduce board members’ responsibility over a payments scandal in Iraq. Cevian Capital, one of Ericsson’s biggest investors, said that the telecoms group had failed to provide “required transparency” and that “we still lack the information necessary to make an informed judgment of what went wrong, why and who should be held responsible”.- The Times

This Week’s Most Read

This Week’s Podcasts Most Read

Keep updated on the most important financial events 

Make sure you are an informed

wealth professional..

Adblock Blocker

We have detected that you are using

adblocking plugin in your browser. 

IFA Magazine