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he National Farmers’ Union (NFU) has warned that shortages of some fruit and vegetables in UK supermarkets could be “the tip of the iceberg”.
NFU deputy president Tom Bradshaw said a reliance on imports has left the UK vulnerable to “shock weather events”.
Soaring energy bills exacerbated by the war in Ukraine have also put off some UK vegetable growers, he added.
He said the UK has now “hit a tipping point” and needs to “take command of the food we produce” amid “volatility around the world” caused by the war in Europe and climate change.
It comes as the shortage of tomatoes in UK supermarkets has widened to other fruit and vegetables due to a combination of bad weather and transport problems in Africa and Europe.
Mr Bradshaw told Times Radio on Saturday: “We’ve been warning about this moment for the past year.
“The tragic events in Ukraine have driven inflation, particularly energy inflation to levels that we haven’t seen before.
“There’s a lack of confidence from the growers that they’re going to get the returns that justify planting their glasshouses, and at the moment we’ve got a lot of glasshouses that would be growing the tomatoes, peppers, cucumbers, aubergine that are sitting there empty because they simply couldn’t take the risk to plant them with the crops, not thinking they’d get the returns from the marketplace.
“And with them being completely reliant on imports – we’d always have some imports – but we’ve been completely reliant on imports (now). And when there’s been some shock weather events in Morocco and Spain, it’s meant that we’ve had these shortages.
“It’s really interesting that before Brexit we didn’t used to source anything, or very little, from Morocco but we’ve been forced to go further afield and now these climatic shocks becoming more prevalent have had a real impact on the food available on our shelves today.”
On Wednesday, Tesco followed Aldi, Asda and Morrisons in introducing customer limits on certain fresh produce as shortages left supermarket shelves bare.
Tesco and Aldi are limiting customers to three units of tomatoes, peppers and cucumbers as a precautionary measure, while Asda is also limiting customers on lettuce, salad bags, broccoli, cauliflower and raspberries, and Morrisons has set a limit of two items per customer across tomatoes, cucumbers, lettuce and peppers.
Retailers believe the problems stem from poor yields on the continent and north Africa, and that supplies will improve in the coming days or weeks.
Environment Secretary Therese Coffey said on Thursday that British consumers should eat more turnips instead of imported food.
Growers have also warned that a leek shortage will see British-grown supplies exhausted by April, with high temperatures and a lack of rain, followed by a period of cold weather, blamed for creating the “most difficult season ever”.
Jack Ward, chief executive of the British Growers Association (BGA), has reportedly said supermarkets could also experience shortages of carrots, cabbage and cauliflower within weeks.
The BGA has also warned that the future of British apple and pear-growing is “on a knife edge”.
A BGA survey of British Apples & Pears Limited (BAPL) members, which represent an estimated 80% of the industry in the UK, found 150,000 orders for new apple and pear trees – a third of the planned 480,000 – have been cancelled this season.
BAPL executive chair Ali Capper said: “The key reason for the lack of investment is supermarket returns that are unsustainable.”
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OnePlus hat mit der Nord-Reihe sein Mittelklasse-Modellzug auf dem Markt etabliert. Jährlich bringt der Hersteller eigentlich sein aktuelles Flaggschiff in einer Sonderedition heraus – beispielsweise in einer McLaren-Edition. Doch dieses Jahr kommt die Sonderedition von OnePlus mit dem Mittelklasse-Gerät Nord 2 und als PacMan-Edition. Wie das Smartphone aussieht und was es ausmacht, seht ihr im Video!
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Funny animals, funny animal videos, funny and funny cats. Cats are the most popular animals today because they are so cute and smart. If you don’t believe or watch this video.
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MML Investors Services LLC cut its holdings in Stanley Black & Decker, Inc. (NYSE:SWK – Get Rating) by 32.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,129 shares of the industrial products company’s stock after selling 7,602 shares during the period. MML Investors Services LLC’s holdings in Stanley Black & Decker were worth $1,213,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Stanley Black & Decker by 17.5% in the first quarter. Vanguard Group Inc. now owns 18,623,594 shares of the industrial products company’s stock worth $2,603,393,000 after purchasing an additional 2,774,661 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Stanley Black & Decker by 0.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,039,425 shares of the industrial products company’s stock valued at $604,645,000 after acquiring an additional 59,090 shares during the last quarter. State Street Corp raised its stake in shares of Stanley Black & Decker by 3.6% during the second quarter. State Street Corp now owns 7,836,207 shares of the industrial products company’s stock valued at $821,705,000 after acquiring an additional 269,754 shares during the last quarter. FMR LLC raised its stake in shares of Stanley Black & Decker by 6.6% during the second quarter. FMR LLC now owns 2,696,439 shares of the industrial products company’s stock valued at $282,749,000 after acquiring an additional 166,731 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Stanley Black & Decker by 741.7% during the second quarter. Price T Rowe Associates Inc. MD now owns 2,031,238 shares of the industrial products company’s stock valued at $212,996,000 after acquiring an additional 1,789,905 shares during the last quarter. 88.01% of the stock is owned by institutional investors.
Several equities analysts have recently commented on SWK shares. Citigroup raised shares of Stanley Black & Decker from a “sell” rating to a “neutral” rating and upped their price objective for the company from $69.00 to $106.00 in a research note on Friday, February 3rd. They noted that the move was a valuation call. Wells Fargo & Company upped their price objective on shares of Stanley Black & Decker from $93.00 to $105.00 and gave the company an “equal weight” rating in a research note on Friday, February 3rd. Longbow Research cut shares of Stanley Black & Decker from a “buy” rating to a “neutral” rating in a research report on Friday, February 3rd. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Stanley Black & Decker from $79.00 to $99.00 in a research report on Friday, February 3rd. Finally, Morgan Stanley boosted their price target on shares of Stanley Black & Decker from $78.00 to $97.00 and gave the company an “equal weight” rating in a research report on Friday, February 3rd. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Stanley Black & Decker has a consensus rating of “Hold” and a consensus target price of $102.50.
Shares of SWK opened at $85.48 on Friday. The stock has a market cap of $13.08 billion, a PE ratio of 12.59, a price-to-earnings-growth ratio of 11.19 and a beta of 1.31. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.32 and a current ratio of 1.21. Stanley Black & Decker, Inc. has a fifty-two week low of $70.24 and a fifty-two week high of $168.30. The firm’s 50-day simple moving average is $84.88 and its two-hundred day simple moving average is $83.07.
Stanley Black & Decker (NYSE:SWK – Get Rating) last issued its earnings results on Thursday, February 2nd. The industrial products company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.33) by $0.23. The firm had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.88 billion. Stanley Black & Decker had a net margin of 6.24% and a return on equity of 8.08%. The business’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.14 earnings per share. Analysts anticipate that Stanley Black & Decker, Inc. will post 0.83 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 21st. Stockholders of record on Tuesday, March 7th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Monday, March 6th. This represents a $3.20 annualized dividend and a dividend yield of 3.74%. Stanley Black & Decker’s dividend payout ratio is presently 47.13%.
Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Storage segment, and Industrial segment.
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