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Weekly Round-Up ... 8 November 2022

President Michael D. Higgins planted a native holly tree on the grounds of Áras an Uachtaráin, to commemorate SPAR National Tree Day, which took place last month. The initiative by the Tree Council of Ireland, supported by SPAR, encourages primary-school children across the country to take the pledge and plant a tree. As part of this year’s campaign, 1,500 native Irish holly tree saplings were sent to primary-school children across the country, to encourage them to connect directly with nature.

Auchan Retail Portugal has set up a crisis committee for energy management, to identify initiatives that contribute to greater savings in energy consumption. The creation of this special committee is part of a wider set of measures aimed at reducing energy consumption in stores and head office, reports ESMmagazine.com. The measures already implemented by the group include the switch to 100% energy from renewable sources by purchasing green energy with certificates of origin. In addition, the company is progressively equipping its facilities with photovoltaic panels, namely at petrol stations, hypermarkets, and shop car parks.

Chicago soybean futures slid on Monday, dropping from the previous session’s six-week high, after China denied that it was considering easing its zero-Covid policy amid declining purchases by the world’s top importer. Wheat lost 1%, falling for three of four sessions, while corn dropped to its lowest level in two weeks. “There are big questions about the end of Covid-zero policy in China, and seemingly few answers,” said Phin Ziebell, agribusiness economist at National Australia Bank. “Markets keep speculating it will end, and then it doesn’t end.”

© 2022 Checkout – your source for the latest Irish retail news. Article by Donna Ahern. For more retail news, click here. Click subscribe to sign up for the Checkout print edition.

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