Merger with International Paper moving at ‘absolutely full steam’ in face of separate interest from Brazil’s Suzano
The boss of the FTSE 100 company DS Smith has said its £5.8bn takeover by a US rival is going at “absolutely full steam”, despite concerns it could be derailed by another packaging sector merger.
Miles Roberts, DS Smith’s chief executive, said merger work with International Paper was “going very well” and that he definitely expected the deal to complete.
Continue reading...New pouches for beef are said to be ‘too compressed’ and ‘like I’ve bought someone’s kidney’
Sainsbury’s has said it is determined to make more “bold moves” to cut plastic and defended itself against criticism of new packaging for mince which shoppers have criticised as “very medical”, “too compressed” and “vile”.
The supermarket said last month it was the first UK retailer to vacuum pack all its beef mince, part of the retailer’s efforts to halve its use of plastic packaging on its own-label products by 2025.
Continue reading...Combine the pandemic with rising raw material costs, stir in a labour shortage, a twist of Brexit, add a pinch of poor weather and voila …
Tinned tomatoes are a taken-for-granted store cupboard staple, relied upon by Britons to whip up home cooked favourites such as spaghetti bolognese. But the price could soon make you take notice, amid warnings of higher shopping bills, set against a backdrop of soaring global food prices.
From the packaging to the transportation and the energy used in manufacturing, nearly all aspects of the production of this popular ingredient now cost more. The crushed tomatoes alone are 30% dearer than a year ago, at €0.48 per kilo. The same pressures are driving the prices of many foods higher, meaning Britons will probably face bigger bills for groceries or meals out this autumn.
Continue reading...Plastic Waste Makers index identifies those driving climate crisis with virgin polymer production
Twenty companies are responsible for producing more than half of all the single-use plastic waste in the world, fuelling the climate crisis and creating an environmental catastrophe, new research reveals.
Among the global businesses responsible for 55% of the world’s plastic packaging waste are both state-owned and multinational corporations, including oil and gas giants and chemical companies, according to a comprehensive new analysis.
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