Tesco introduces £0 yellow stickers for groceries after 9.30pm

Would you spend £4,000 on this Lamborghini pram?

Ergonomic support, Italian leather details and precision engineering... sounds like the next supercar. 

But this "hybrid of high-performance detailing and meticulous engineering" is a pram created by Lamborghini and baby product company Silver Cross. 

Costing £4,000, the Reef Al Arancio will set you back almost 10 times as much as the average pram. 

It comes with a carry cot, a car-inspired seat, a foot muff, cupholder, sun sail and mosquito net and only 500 have been made worldwide. 

It claims to be "the new era of super stroller", with its tagline being "born to perform", and has taken two years to bring to market. 

Other Silver Cross prams range in price from around £170 to £695. 

John Lewis profits leap up - but no staff bonus for third consecutive year

The John Lewis Partnership (JLP) has revealed a 73% rise in annual profits but says staff will receive no bonus for the third year in a row.

The employee-owned business behind John Lewis department stores and Waitrose supermarkets said earnings over the 12 months to January came in at £97m - up from the £56m achieved in the previous year.

Group sales rose 3% to £12.8bn in a year when the department store chain restored its 'Never Knowingly Undersold' price promise that was scrapped in 2022.

Tesco to give shoppers free food in update to 'yellow sticker' prices

Tesco will introduce "yellow sticker" prices of £0 for food going out of date as it races to slash waste and hit net-zero targets.

Bosses are trialling the change in a small number of Express stores for shoppers who visit after 9.30pm. 

The free food will first be offered to charities and staff members before it hits the shelves, the supermarket told Money. 

More and more people are buying discounted food across supermarkets. Figures from Barclays in 2023 suggest almost two thirds of households buy discounted products.

In an internal memo, seen by The Telegraph, Tesco told staff the £0 yellow sticker move would allow it to "continue with our drive to reduce food waste within our own operations". 

A spokesperson for the supermarket said: "We are constantly looking for innovative new ways to reduce food waste. In all our stores we offer unsold surplus food to charities and community groups, donating millions of meals each month.

"This trial, in a small number of our Express stores, will allow customers to take any remaining yellow stickered items for free at the end of the day, after they have first been offered to charities and colleagues." 

Trump's refusal to rule out US recession has intensified jitters

It's proving really hard for financial markets to look beyond Donald Trump's tariffs.

The so-called "Trump trade" boost which followed his election has been replaced by the aptly-named "Trump slump".

The shift in opinion is mostly a consequence of the president's trade war being seen as more intense than had been expected.

Business, consumer and investor confidence has slumped in the world's largest economy as the fights have expanded.

Market analysts agree that Trump's refusal to rule out a US recession has only intensified the jitters.

Yesterday, hours after steel and aluminium tariffs were applied to all imports, Canada responded with immediate reciprocal measures and Trump went on to rattle the cage of the EU with a series of fresh tariff threats.

Tepid gains seen yesterday are set to be erased in US trading today as futures showed a fresh retreat for values was on the cards.

Sentiment in Asia and Europe is weak too.

The FTSE 100 opened 0.2% down at 8,526 and the declines were more intense elsewhere on the continent.

The dollar was trading at £1.30 and €1.09 after losing further ground yesterday.

Top UK chef to leave hotel restaurant after 23 years

Michelin-star chef Lisa Goodwin-Allen is leaving a luxury hotel and restaurant in Lancashire after 23 years. 

The Great British Menu winner has said she is stepping away from Northcote in Ribble Valley to explore "all new opportunities". 

"I am leaving Northcote with the happiest of memories, after more than two decades it will always have a very special place in my heart," she said. 

"I am excited to see what happens next and exploring all new opportunities, whatever they may be. While this is a bittersweet moment, I wish the team continued success in the years ahead."

Northcote secured planning permission to a build a new fine dining restaurant last year, which was set to be run by Goodwin-Allen. 

The hotel later went up for sale, with its listing on Rightmove saying it had a turnover in excess of £6.5m in 2023. 

Wanted: Marmite and mayonnaise influencers

Unilever is planning to hire a team of influencers to help it market products to customers who are "suspicious" of corporate branding. 

The consumer goods company, which owns brands including Marmite, Hellmann's and Cornetto, is aiming to have at least one influencer promoting its products in each area of every country. 

Its newly appointed chief executive Fernando Fernandez said: "Today brands are by default suspicious. Messages from brands coming from corporations are suspicious messages.

"So, creating marketing activity systems in which others can speak for your brand at scale is very important.

"This is one of the things I will drive like hell in the company in the next few years. Desirability at scale and marketing activity systems of 'others say' at scale will be the fundamental principles of our marketing strategy. I'm 100% behind that." 

The new social media-first advertising strategy is expected to see Unilever spend as much as 50% of its total media budget on influencers.

The company is in the middle of a restructuring plan that includes cutting 7,500 jobs. 

-SKY NEWS