Money blog: Aldi axes click and collect - as Tesco 'digital passport' plan revealed (2024)

Aldi is axing its click and collect service within days, according to reports.

Customers will not be able to order groceries online from the supermarket beyond Sunday, said industry magazine The Grocer.

This follows Aldi's withdrawal of its limited home delivery service last year.

The decision was made to keep prices at their lowest possible, a spokesperson said.

"One of the ways we keep our prices low for customers is by running the most efficient supermarket business in Britain," they told The Grocer.

"As a result, we've made the decision to bring our click and collect service to an end so we can focus on doing just that."

Aldi launched the service in September 2020, eventually expanding to more than 200 stores.

Sky News has contacted Aldi for comment.

Tesco is launching "digital passports" across its clothing range ahead of new sustainability rules.

The digital product passports will allow customers to see information about items in the F&F range, including where its materials were sourced.

Tesco's Joe Little said the move represented "an important step forward, encouraging and promoting sustainable and circular practices".

The pilot is being launched with tech company Fabacus, which is run by the founder of Nobody's Child - a sustainable clothing brand that has previously used DPPs on three of its collections.

CEO and founderAndrew Xeni told the Money team that DPPs provided "a huge opportunity" for retailers to tell their story.

He said legislation for fashion using DPPs was expected to begin in 2027 so "practical implementation must start immediately".

What are DPPs and what do they do?

DPPs show key information about what the product is made from, its origin, history and how to dispose of it properly.

They capture data about the environmental impact of an item and are being introduced across the EU to improve sustainability.

Mr Xeni compared them to the nutritional information we see on food products, saying they will help people to make more informed decisions about what they are buying.

It's not clear what form Tesco will present them in, but when Nobody's Child launched theirs, they came as a QR code on the clothing's care label that could be scanned with a smartphone.

By 2030, a range of businesses are expected to be required to provide detailed information on the materials used in their products, and their environmental impact.

According to aprovisional agreementfrom December, products with a high environmental impact will be prioritised as having to comply:

• Textiles
• Furniture
• Chemicals
• Batteries
• Consumer electronics
• Electronic devices
• Construction products

"It's going to hold so many companies accountable," said Mr Xeni.

Last year, the government's European Scrutiny Committee raised concerns that the scheme could conflict with regulations in Northern Ireland because of the Windsor Framework - the post-Brexit legal agreement between the EU and the UK.

For Savings Guide this week,Savings Championco-founder Anna Bowes looks at the best easy access accounts on the market.

Although variable-rate accounts like easy-access savings are likely to see rate cuts over the following days, weeks and months further to the base rate cut earlier this month, those who can't lock up their funds still need to seek the best rates.

In a rate-falling environment, it's really important to keep an eye on the interest you are earning and switch if you are no longer getting a competitive rate.

With easy access accounts this should be straightforward because, as the name suggests, you can get access to your money immediately.

But remember that a number of accounts may have restricted access, and if you have one of these, make sure you know what effect a further withdrawal will mean to your savings.

Most will simply allow you to close your account, even if you have made the maximum number of penalty-free withdrawals, but there are some that will not let you have any further access.

That's the case with the current top paying account - Principality Building Society Online Bonus Triple Access Issue 2.

If you have already made three withdrawals, you will be unable to close the account and have access to your money until the following calendar year.

It's important to read all the terms and conditions when opening a savings account, so that you earn the interest and have the access that you are expecting.

Further to this, there is still some £252bn sitting in current accounts earning no interest at all.

Although inflation has ticked up slightly in the 12 months to July 2024 to 2.2%, there are still plenty of accounts, including easy access, paying an interest rate that is beating the current rising cost of living.

A "major breakthrough" which could signal the end of national rail strikes has been made in the long-running pay row involving drivers, according to the Department for Transport (DfT).

The department said the train drivers' union ASLEF had agreed to recommend a new pay proposal to its members after a series of "positive" talks led by the government.

"The offer made to ASLEF is a 5% pay rise for 2022/23, 4.75% for 23/24, and 4.5% for 24/25," a spokesperson for the DfT said.

"The offer will now be put to ASLEF members in a referendum."

During the two-year pay dispute, drivers have taken 18 days of strike action, as well as refusing to work non-contractual overtime.

Mars is buying the food company Kellanova in a deal worth nearly $30bn (£23.3bn).

The deal will see the business, which already owns several brands such as M&M's, Snickers and Skittles, take control of a huge portfolio of products, including Pringles, Pop Tarts and Cheez-Its.

Kellanova was created when the Kellogg Co split into three companies in 2022.

Based in Chicago, it had net sales of more than $13bn (£10bn) last year and has around 23,000 employees.

Mars Inc said it will pay $83.50 dollars (£65.02) per share in cash, putting the total value of the transaction at £35.9bn (£27.9bn).

The deal is expected to close in the first half of next year.

"The Kellanova brands significantly expand our snacking platform, allowing us to even more effectively meet consumer needs and drive profitable business growth," Andrew Clarke, global president of Mars Snacking, said in a statement.

Adverts for nutrition brands Zoe and Huel featuring a Dragons' Den star have been banned for failing to disclose their commercial relationship with the celebrity.

Steven Bartlett is an investor in Zoe and a director at Huel, but the the Advertising Standards Authority (ASA) found ads seen on Facebook in February "omitted material information" about their links to him.

Starbucks has ousted its chief executive Laxman Narasimhan after less than two years at the helm.

The news comes after pressure for management change from hedge fund Elliott Management.

Read more...

Primark is trying to make headway in US markets with an advertising campaign across the pond.

Hoping "That's so Primark" will catch on, the retailer is introducing its budget style via two 30-second videos.

The company aims to open 60 stores in the US by 2026.

John Lewis is looking to cut 153 jobs as part of a staff shake-up across its stores.

The high street giant claims the proposals are designed to improve customer service, ensuring workers are "in the right place, doing the right tasks at the right time".

It is hoping the job cuts will be through voluntary redundancy and natural attrition - which covers people leaving through retirement, resignations or moving job.

Staffing changes will also see currently separate roles for serving front and back of house combined.

John Lewis is also investing £5m in digital headsets for store workers to communicate better with one another - in a bid to improve service.

The changes, which were announced to staff yesterday, follow a similar staffing overhaul at sister business Waitrose.

A spokesman for John Lewis said: "We're seeking to make sure partners are in the right place at the right time to help customers.

"We're also removing unnecessary tasks and introducing new technology to make their roles easier.

"We carried out similar changes in Waitrose earlier this year, with customer and partner feedback increasing significantly since.

"It's since been ranked the number one supermarket for customer satisfaction."

Coca-Cola is launching an Oreo-flavoured drink in collaboration with the biscuit manufacturer.

The limited edition, zero-sugar drink will be released from September in a black and white can containing what Coca-Cola describe as "flavourful hints inspired by Oreo cookies".

At the same time, Oreo will release a Coca-Cola flavoured biscuit.

Eugenia Zalis, global head of marketing for Oreo-maker Mondelez International, said she "cannot wait to see the reaction" from customers - but they're already coming in before the products have even hit the shelves.

Multiple X users were quick to deploy the Jurassic Park meme inspired by Jeff Goldblum's character, Ian Malcolm: "Your scientists were so preoccupied with whether or not they could, they never stopped to think if they should".

Another added: "I will happily eat Oreos while drinking a co*ke Zero, but I don't want either of these things."

Others were more enthusiastic, simply writing: "Need."

Ms Zalis was confident about the collaboration, saying: "We have truly upped the ante."

The beverage will be available at major retailers and Pizza Express, Popeyes and Slim Chickens, Coca-Cola said.

By Daniel Binns, business reporter

Annual inflation in the US fell to 2.9% in July, down from 3%, according to official data released this lunchtime.

The announcement helps pave the way for the US Federal Reserve for cut interest rates next month.

This matters to monetary policy makers in the EU and UK as they don't like to be too misaligned with the US - for fear of impacting currency strength, among other reasons.

The annual consumer prices index (CPI) rate for July was the lowest since March 2021 and came in below market expectations.

In the immediate aftermath of the publication of the latest figures, financial markets upped their expectations that the Fed would cut interest rates by 0.25 percentage points, pricing in the likelihood of such an outcome at 60.5%.

The likelihood of a bigger 0.5 percentage point cut was judged to be 39.5%.

Earlier in the day, the likelihood of a 0.25 or 0.5 percentage point cut had been almost 50-50.