Andy was born in London just in time to see England win the World Cup, and much later began his career in academia, gaining a PhD in American Literature and lecturing at several universities, including Maryland and Gothenburg in Sweden, and pursuing a sideline in sheep-farming before moving back to London and becoming a literary agent and TV documentary-maker (working for various broadcasters and making series such as the BBC’s Monsoon Railway, set in Bengal).
He has written several biographies, including the Second World War story American Pimpernel, and became the official biographer of India’s Prime Minister (then Chief Minister of Gujarat) publishing Narendra Modi, a Political Biography (Harper Collins).
Andy joined Asian Media Group in 2018, his first “proper” job, and has been there ever since, believing that, while trade journalism might not save the world, it might just save journalism.
Leading cash-handling solutions provider and manufacturer, Volumatic, is calling on retail and forecourt businesses to support cash as the spending limit on each use of a contactless card rises from £45 to £100.
Cash payments have had something of a raw deal in during the pandemic. Rumours that using cash aided the transmission of the virus were unjustly reported, sparking customer concerns that cash was something of a super-spreader. Many retailers wanted to do all they could to reassure customers that their stores were as safe as possible and made the decision to stop accepting cash as a payment method.
Cash, however, is most definitely not the enemy – it plays a vital role in society, particularly for older customers who do not understand or trust card and mobile payments, and the myths around it spreading the virus are completely unfounded. In fact cash is no more dangerous than handling payment cards, a mobile phone or entering a pin number into card machines.
With the UK’s contactless limit now being one of the highest across the globe, Volumatic believes that cash must continue to be a viable payment choice for consumers long term.
“Although the larger limit for contactless payments has already been introduced, many businesses across the UK simply aren’t ready for this change, and it could take months before the necessary upgrades to their systems are made," said Mike Severs, Sales & Marketing Director, at Volumatic. "With everyone trying to reduce running costs in-store in this post-pandemic period, we are seeing how making a costly system change is not at the top of everyone’s agenda at the moment.”
Many retailers are fearful this latest change will enhance the already massive problem they are experiencing with accidental non-payments via contactless which in reality, is costing retail in particular billions in lost payments.
This is because many customers simply don’t realise the payment has failed and walk away with their shopping in all innocence, thinking their contactless payment has worked when it hasn’t. It is becoming a big problem for many retail businesses.
Making Cash King
Cash may seem old-school to some these days, but retail shouldn’t be so quick to dismiss it in a world where alternative payment technology is becoming increasingly more sophisticated.
“With scams and fraudulent activity also becoming more sophisticated, we need to consider the ramifications of moving to a contactless only future. Ultimately, consumers should be given the choice they want and deserve to have,” said Severs.
“While the UK adjusts to this latest change, and waits to see whether or not we enter a potential contactless crisis, we are urging retail businesses to consider cash as a viable and consistent payment method whatever changes come into being around card payments.”
Cash after Covid
Volumatic recently launched a white paper which not only exploded the myths around using cash as a payment method in these uncertain times, but also highlighted its importance.
As many retail businesses begin to attract customers back to their stores, the need to offer customers a choice of payment is bigger than ever. According to the Access to Cash Review, 97 per cent of consumers continue to carry cash on them when they go shopping, making it vitally important that retailers now bring an end to their "card payments only" policy if they want to attract more customers back to their stores.
Benefits of cash over contactless
“Card and mobile payments are convenient, but the losses experienced by stores because of contactless, alongside security worries from the general public surely means stores should give cash the opportunity to bounce back as a popular payment method once more,” argued Severs.
“Paying by cash leaves little room for error at the till point and where forgery concerns were once prevalent in accepting cash before Covid, the introduction of the new polymer notes with multiple security features over recent years has helped reduce counterfeit production, meaning it is less of a problem these days.
“Cash remains the second-most frequently used payment option, accounting for 9.3 billion payments per year in the UK. In the last five years, the value of cash in circulation has grown from £60 billion to close to £80 billion*, demonstrating that we are far from a cashless society.
“Consumers are being denied the choice to pay with cash, rather than consumers choosing to move towards a cashless society.
“In order to create a resilient cash infrastructure, we need to ensure there are improvements throughout the supply chain. For cash to remain safe and accessible, well-organised changes need to be made to the cash cycle and we will continue to provide the right solutions for retailers to safely accept cash efficiently. For retailers, by eliminating cash, they may be excluding a large proportion of their customer base,” he concluded.
Prices of some chocolate products have risen by 50 per cent in a year while many have also shrunk in size, states a recent report, raising the concern of shrinkflation among shoppers ahead of Easter celebrations.
The latest report by Which?, the price of eggs made by big names including Cadbury, Mars and Terry’s have risen by as much as 50 per cent in some cases while some have also shrunk in size, according to research by consumer champion Which?.
While official figures published on Wednesday showed inflation slowing to 2.8 per cent in February, a breakdown of the headline figure shows food prices rose 3.3 per cent with the cost of chocolate raced higher, up by a massive 16.5 per cent.
Chocolate has been getting more expensive for several years due to poor harvests in west Africa, in particular Ghana and Ivory Coast, where more than half of the world’s cocoa beans are harvested.
The recent analysis by Which? shows that in one of the discounters, the cost of Terry’s Chocolate Orange mini eggs has risen from 99p to £1.35, while its packet is now reduced from 80g to 70g.
At a supermarket, the price of a Cadbury Creme Egg 5 Pack Mixed Chocolate Box 200g has risen from £2.62 in the run-up to Easter 2024 to £4 this year, equating to 53 per cent price increase per 100g year on year.
On the other hand, Nestlé’s KitKat Chunky milk chocolate Easter egg stayed at the same price in the run-up to Easter year on year at £1.50 but reduced in size from 129g to 110g, making it 17 per cent more expensive per 100g.
Addressing the claims, Mars Wrigley said that, due to rising manufacturing costs, it had adjusted some of its product sizes to minimise changes to its list price.
Nestlé said significant increases in the cost of cocoa had made it much more expensive to manufacture its products and it has “sometimes been necessary to make adjustments to the price or weight of some of the products”.
SPAR North of England has launched Fyffes’ new ethical trade brand Trudi’s in a UK exclusive for bananas.
The large premium bananas are free of plastic packaging and are available in a paper banded pack of five or loose, including as part of SPAR Meal Deals. This is meeting shifting customer demands and is driving sales in store.
'Good Fruit, Doing Good’ is Trudi’s consumer claim and brand DNA which is giving back directly to communities that grow them.
This is supporting the building of school facilities, empowering women in their careers, and providing nutritious meals to communities where Fyffes own farms and supplier farms are located.
Fyffes has brought a choice of tropical produce to millions around the world in its 130-year history, and SPAR customers in Northern England have gained a taste for the new Trudi’s brand with encouraging boosts in volume into stores and sales through the tills.
Wilf Whittle, Trading Controller at James Hall & Co. Ltd, said: “We have been working with Fyffes for years now. We enjoy an excellent relationship with them, and we are delighted to be making the first move in the UK market with their new Trudi’s brand. The quality of fruit is excellent, and we are offering an improved sized and specification with Trudi’s.
“Modern day consumers like to know where their fruit is coming from, and we were cautiously optimistic that customers would take to the brand. When customers think of quality ethical and sustainable bananas, we want them to think of SPAR.
“The purple branding really stands out in store, and it has triggered a purple patch for our sales of bananas in the large, banded packs of five, and with the loose single fruit.
"We pride ourselves on availability, and while the market across retail has been short recently following shipping delays, we maintained full availability which is a credit to all involved within this supply chain.”
Toni Direito, Sales Manager at Fyffes Group Ltd, said: “Trudi’s is founded on consumers’ desire to not only eat healthy, fresh, and nutritious produce but to ensure that the fruit we eat is also doing good in the communities and with the people who cultivate our fresh produce.
“We are on a mission to show the world that nothing tastes better than knowing your fruit is doing good and our Trudi’s brand is deeply rooted in creating the best for both worlds – our growers in Central America and our consumers in Europe.
“A huge thank you to SPAR and James Hall & Co. Ltd for embracing the vision and taking the lead in ensuring communities benefit while providing a choice to consumers who wish to give back and do good by buying a purpose driven brand.”
James Hall & Co. Ltd is a fifth-generation family business which serves a network of independent SPAR retailers and company-owned SPAR stores across Northern England six days a week from its base at Bowland View in Preston.
A food and drink makers body is calling on the government to work with industry to boost growth and the competitiveness after a recent survey drop in the confidence among the maker as inflationary pressures including energy, labour and raw material costs gain pace.
According to the Food and Drink Federation (FDF), business confidence plummeted to -47 per cent in the final three months of last year, down from -6 per cent in the previous quarter, as companies in the sector were hit by measures announced in the October budget.
The confidence score among the country’s 12,500 food and drink businesses has slid to its lowest level since the final quarter of 2022, a time when inflation was surging after Russia’s invasion of Ukraine earlier in that year.
Rising energy and commodity costs are among the pressures facing food and drink manufacturers in the coming year, according to the FDF’s state of industry report, as well the costs associated with government policies, such as changes to employers’ national insurance contributions (NICs).
Food and drink businesses are also due to carry the lion’s share of new packaging rules known as the extended producer responsibility (EPR) scheme designed to improve recycling rates and tackle plastic pollution estimated to cost at least £1.4bn a year from October.
The FDF said the financial pressures weighing on confidence were causing businesses to reconsider investment, which could affect growth in the industry.
More than half (54 per cent) of the businesses that responded to the FDF’s survey said taxation was the leading factor that would constrain investment over the coming year, while 52 per cent said forthcoming regulation would act as a barrier to investment.
As higher labour costs bite, almost two-thirds (64 per cent) of manufacturers said their main motivation for investment was workforce efficiency, as they aimed to increase productivity from their current employees rather than hiring more staff.
“This marked decline in business confidence shows that government and industry needs to take action now to ensure we have a thriving, productive food and drink industry into the future,” said Karen Betts, the FDF’s chief executive.
“With pressures on industry mounting, government must act to remove the roadblocks and accelerate growth.”
The FDF is calling on the government to work with industry on regulation to boost growth and the competitiveness of the UK’s food and drink sector.
A range of measures has been recommended, including securing a share of the UK’s research and development spend for food and drink manufacturing to encourage businesses to invest in developing new products and healthier choices for consumers.
It is also calling for government and industry to work together on a workforce and skills plan and for ministers to prioritise a more strategic approach to trade relations with the EU, which despite Brexit remains the sector’s most important trading partner.
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Fed’s national deputy vice president Hemanshu Patel
Independent retailers will seriously think twice about providing Payzone services in their stores following the news that the company is increasing its fees by 3.5 per cent from April, the National President of the Federation of Independent Retailers (the Fed) has warned.
Letters advising of the increase have been arriving with members since the beginning of this month. They state that the increases to its weekly charge to £5.54 - and to £8.85 for those offering card processing - are in line with its annual retail index price adjustment.
Payzone says that the move will enable the company to continue investing in service improvements, security updates and partnerships that bring value to its network of retailers.
Describing the increase as a bitter pill for Payzone retailers to swallow, Mo Razzaq said, “Members who are affected by these fee increases may seriously think twice about continuing to offer Payzone services.”
They took effect as businesses prepared to face the perfect storm of higher wage costs and rises to employers’ national insurance contributions, Razzaq continued.
The Fed’s national deputy vice president Hemanshu Patel added that he had already cancelled his Payzone contract.
Mr Patel said: “Payzone has become an unsustainable service for retailers like me. The system is slow, unprofitable, and has seen little meaningful improvement over the years.
“With rising operational costs and better alternatives available, it simply does not make sense to continue offering this service in my store. Given the current economic climate, many small businesses will be forced to reconsider their partnership with Payzone, just as I am doing.”
It was reported in July last year that Payzone has partnered with Strathclyde Partnership for Transport (SPT) to provide easy access to newly modernized ZoneCard tickets for public transport across the Strathclyde region.
The partnership was expected to benefit both retailers and customers, with increased footfall into stores resulting in a boost to local business and community engagement.
Active police response was seen across the country in the past couple of days , resulting in the arrest of alleged thieves targeting convenience stores.
According to local reports, a man has been charged after three convenience stores in Norwich were raided with a crowbar.
The incidents happened at shops in Poringland, Stoke Holy Cross and Sandy Lane, near Trowse in Norwich between Feb 26 and March 19.
Money was stolen in each raid, with a crowbar being wielded. Some of the convenience stores were broken into overnight while others were targeted during working hours.
Jamie Curtis, 31, of Saxlingham Nethergate, has been charged with two counts of robbery and one count of burglary.
He appeared at Norwich Magistrates’ Court on Wednesday and was remanded into custody. Curtis is due to appear at Norwich Crown Court on April 23.
Meanwhile in Colchester, a man has been arrested after being tracked by a police dog from the scene of a knifepoint robbery in Colchester.
Essex Police were alerted to an incident at Johnson Newsagents, a convenience shop in London Road, Lexden, shortly after 11.30am on Tuesday (25).
A man threatened the female cashier with a knife and demanded money from the till. He then left, taking about £200.
Officers were quickly sent to the scene and took a detailed description of the man. The police dog picked up the trail leading officers to arrest the suspect.
A knife was found nearby and was seized. The suspect remains in custody for questioning.
The investigation will now be led by Colchester CID.
Detective Inspector Tim Coyles said, “No one should face the threat of violence whilst simply going to work – and any report made to us concerning this will see a really robust response.
“Officers got there very quickly after the report was made, which meant we were able to very quickly identify a person of interest and ultimately make a key arrest.”
Hamesh Patel, owner of the Johnson Newsagents, said that the cashier was "scared and afraid".
Patel called the response by police "fantastic" and added, "The local community all came together in the search with police within minutes.
"The police sent numerous uniformed police, CID and forensics were on the scene in minutes. I have never seen the police act so fast and they were so brilliant.”