Money blog: Tesco introduces £0 yellow stickers for groceries after 9.30pm (2025)

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.

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 behindJohn Lewisdepartment stores and Waitrose supermarkets said earnings over the 12 months to January came in at £97m - up from the £56m achieved in theprevious 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Tesco will introduce "yellow sticker" prices of £0 for food going out of date as it races to slash waste and hit net-zero targets.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 ofhouseholds 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."

ByJames Sillars, business and economics reporter

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.

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.

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.

Every Thursday we interview chefs from around the UK, hearing about their cheap food hacks and more. Today we chat toNick Beardshaw, chef patron at Starling in Esher, Surrey.

I wish people realised...VAT is included in the menu price. When you pay £12 for a starter, the restaurant only receives £10 of it, which makes us seem more expensive than we actually are. In other countries, and indeed other UK industries, it is added afterwards at the point of receiving the bill, which makes it much more obvious to the customer what the restaurant is receiving.

There are so many truffles out there that just are not worth the money... The right truffles, bought at the right time, are one of the best things ever, but unfortunately, there are so many that are just not worth it.

One cheap place I love near me is... Esher Best Kebab. Everything is skilfully cooked with care. There is a great selection of marinated skewers cooked over coal. We usually go for the "charcoal special" which is a massive tray of grilled meats, including a selection of skewers, kofte and doner that feeds the whole family for at least two meals!

One restaurant that's worth blowing out for is...Dorian. The best ingredients, all cooked perfectly, in a plush Notting Hill setting. The vibe is super relaxed, no frills or fuss, just the perfect local bistro.

We've cut costs for our restaurant by... reducing the size of the menu. This really helps with wastage and staying in control of the food cost. It's about making sure the dishes you have on are all absolutely quality, with something for everyone, even if it is a reduced size menu.

My favourite cheap substitute is... chicken thighs. They are so tasty and tender when treated properly but are so often overlooked. We have a cast iron pot for slow cooking in the oven, and chicken thighs cooked in this are just magical. Tarragon chicken in white wine, chicken balti, chicken tagine, to name just a few.

The biggest mistake I see in kitchens is…overcomplicating things. The best cooking happens when ingredients are beautifully sourced and cooked simply to allow the natural characteristics to shine.

My one piece of advice for an aspiring chef is…to be thick-skinned. There is a lot of criticism if you work at a high level, and you need to be able to use it to improve. You also need to be able to be self-critical to continue to improve.

My favourite cookbook is...Harold McGee's On Food And Cooking. It explains every detail of what is happening during every imaginable cooking process. There is an answer for virtually any question you might have with regards to cooking.

We're pausing our live coverage for today - thanks for following along.

But before we go, here's a recap of how events unfolded as Donald Trump fought his trade war on multiple fronts after his global tariff of 25% on steel and aluminium came into effect overnight.

• Trump's tariffs came into effect at 4am UK time and are designed to protect US manufacturing and bolster jobs by making foreign-made products less attractive;
• The European Union announced it will impose retaliatory tariffs affecting€26bn (£21.9bn) of US goods from 1 April - affecting steel and aluminium but also textiles, home appliances and agricultural goods;
• At PMQs at midday, Sir Keir Starmer said Britain would not hit back with any counter tariffs, but later said the government "will keep all options on the table";
• Canada also announced 25% retaliatory tariffs on US goods worthC$29.8bn (£16bn) from tomorrow;
• The US commerce secretary, Howard Lutnick, said Trump's economic policies are "worth it" - even if they lead to a recession;
• A surprise fall in US inflation meant a brighter day for stock markets after their falls in recent days;
• Donald Trump met Irish leader Michael Martin at the White House, where he singled out Ireland and accused the country of using its tax policies to lure away pharmaceutical and other companies from the US;
• Trump also said the US would respond to EU counter-tariffs, saying there was still a "massive deficit".

These are the tariffs Trump has enacted in his second term in office:

And here is how they will affect the UK:

ByStephen Murphy, Ireland correspondent, in the Oval Office

Well that went well. An Oval Office meeting that in any other St Patrick's week would have been regarded as almost unimaginably confrontational – this time round the Irish delegation will be floating on air.

Micheal Martin isthe first leader to step into the Oval Office since Volodymyr Zelenskyy’s verbal bloodbath, and you could forgive the Irish prime minister for being apprehensive.

The Irish government knew it was in the president's crosshairs – any small country boasting a huge trade surplus with the US was bound to be a target for this administration.

American figures put that surplus in goods at around €80bn (£73bn) last year, although Irish statisticians insist it was a mere €50m (£42m), still a record.

In the Oval Office, I managed to ask the president if Ireland was taking advantage of America.

"Of course they are," he replied.

But Donald Trump is at heart a businessman and it sounded more like a sneaking admiration.

"I have great respect for Ireland, and what they did," he said. "Ireland did exactly what they should have done," he continued, referencing the luring of lucrative US multinationals.

But he placed the blame firmly on "stupid" American leaders who "allowed" it to happen. Martin sat beside him, saying nothing.

The EU was set up to exploit America, Trump said. It was "abuse". Again and again, it was the Brussels bogeyman, not the Emerald Isle, that bore the brunt of his attack.

I asked if he would respond with more tariffs to the new EU tariffs.

"Of course," Trump responded.

After an anecdote about the lack of Chevrolets in Munich, I asked would he now consider tariffs on the crucial European car industry – he replied in the affirmative.

Martin sat beside him, saying nothing. The minutes ticked away… Ireland was left unscathed.

They finished with a discussion about the president’s Irish resort at Doonbeg in County Clare. President Trump lauded the Irish efficiency at approving an expansion plan, and decried the subsequent EU approval period of several years. Once again – Ireland good, Brussels bad.

There was so much nervousness in Irish government circles. Now they must be wondering what the fuss was all about.

British shares are on the rise after Ukraine said it was ready to sign a 30-day ceasefire with Russia.

It follows a a dip in the UK market yesterday, fuelled by concerns over how Donald Trump's tariffs could affect the economy.

As of the time of writing, the FTSE 100 has gained 0.5% - a day after it recorded its worst session in nearly two months.

Meanwhile, the pan-European STOXX 600 closed up 0.8% after four consecutive sessions of losses.