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Business Apr 03, 2026

Reese Heir Blames Hershey for Secret Recipe Swaps, Citing Consumer Backlash and Shareholder Sell‑Off

Brad Reese, grandson of Reese’s Peanut Butter Cups inventor, alleges that Hershey has replaced the …
The 70‑year‑old grandson of H. B. Reese, the man who created Reese’s Peanut Butter Cups, has publicly accused the $42 billion Hershey Company of quietly swapping the original milk‑chocolate and peanut‑butter formulas for cheaper compound coatings and “peanut‑butter‑style crèmes.”Brad Reese’s complaint, first aired on LinkedIn on Valentine’s Day, claims the confectionery giant has been “rewriting recipes” across flagship brands, a practice he describes as an “ingredient drift” that undermines both brand integrity and shareholder value.At a recent investor conference, Hershey announced it would restore the classic recipes for roughly 3 % of select products by next year, while insisting that the iconic Reese’s Peanut Butter Cups have never been altered.Chief Growth Officer Stacy Taffet explained that the company is “transitioning our sweets portfolio to colors from natural sources” and is committed to aligning all Hershey and Reese’s offerings with their historic milk‑ and dark‑chocolate formulas.Reese, however, dismissed the move as a “board‑level accountability problem,” arguing that the delayed rollout has already prompted shareholders to sell stock and that “your consumers are revolting.”In an interview with the New York Times, Reese labeled Hershey’s actions a “PR stunt,” insisting that a genuine commitment would mean an immediate return to the original recipes.Hershey counters that the recipe revisions are not a reaction to Reese’s criticism but stem from a strategic decision made after a 25 % increase in research and development spending aimed at talent, technology, and nutrition science.The dispute has taken on a personal dimension for Reese, who alleges the changes began after Hershey acquired the Reese’s brand in the 1960s. He recounts a recent taste test of Reese’s Unwrapped Chocolate Peanut Butter Creme Mini Hearts, stating, “I had to spit it out—it wasn’t real milk chocolate or real peanut butter.”Reese’s family, speaking to USA Today, clarified that his statements are his own and do not reflect the family’s view, adding that they continue to respect Hershey’s leadership and believe H. B. Reese would be proud of the brand’s current stewardship.Undeterred, Brad Reese retorted on LinkedIn that Hershey is “shooting the messenger,” accusing the company of managing perception rather than fixing the alleged product issues and warning that “the evidence chain isn’t going away.”
#Hershey #Reese's Peanut Butter Cups #Brad Reese
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Sports Apr 03, 2026

Channel 4 Revamps the Boat Races with Fresh Talent and Innovative Coverage

Channel 4 is taking over the broadcasting rights for the Boat Races, marking a new era for the even…
Channel 4 is poised to shake up the traditional Boat Races with its debut coverage of the event, bringing a fresh perspective and new talent to the table. The network has acquired the broadcasting rights from the BBC, signaling a significant change in the event's media landscape. The Boat Races, a storied competition between Oxford and Cambridge universities, has been a staple of British sport since 1829. This year's event promises to be exciting, with Oxford's Heidi Long, a bronze medalist in the women's eight at Paris 2024, leading the charge against Cambridge's dominant women's team. Clare Balding, previously the face of the BBC's coverage, will continue as presenter, joined by newcomers Jamie Laing, a reality TV star and Radio 1 DJ, and Ade Adepitan, a TV presenter and Londoner. The on-screen team aims to bring a new dynamic to the event, appealing to a younger demographic. The production company, FilmNova, brings four years of experience from BBC broadcasts and has planned several innovations, including relatable comparisons and humanizing the rowers. One highlight is a 'fantasy boat' featuring well-known sportspeople, such as Serena Williams and Frankie Dettori. The Boat Races also shed light on pressing issues like Thames Water's mismanagement and sewage pollution in Britain's waterways, adding a layer of depth to the event. As Channel 4 takes the reins, the athletes can focus on their goals, with Long and her Oxford teammates striving to end Cambridge's eight consecutive wins. Heidi Long's remarkable story, balancing rowing with medical studies and personal loss, exemplifies the dedication and resilience of the athletes. Her leadership and experience are seen as key factors in Oxford's bid for victory.
#Channel 4 #Boat Race #Clare Balding
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World Economy Apr 03, 2026

UN Warns March Food Price Surge Tied to Middle East Conflict, UK Faces Potential 9% Inflation

A UN Food and Agriculture Organization report shows a 2.4% rise in the global food price index for …
According to a new United Nations Food and Agriculture Organization (FAO) briefing, the global food commodity price index climbed 2.4% in March, marking the second straight monthly increase and the first rise in five months for the broader basket of grains, meat, dairy, vegetable oils and sugar.The surge is largely attributed to the escalating conflict in the Middle East, which has pushed up energy prices and freight rates worldwide. The report highlighted that vegetable oil prices jumped 5% and sugar rose 7% during the month.Analysts warn that the war could trigger a broader wave of food inflation, as higher fuel, fertiliser and electricity costs increase the expense of transporting, processing and cooking food. About one‑third of global fertiliser production passes through the Strait of Hormuz, a key shipping lane that has been effectively closed since hostilities began.UN projections suggest that, if the crisis endures, global food prices could be 15%–20% higher in the first half of 2026 than pre‑conflict levels. The FAO noted that “price indices across all commodity groups rose to varying degrees, reflecting both market fundamentals and responses to higher energy prices linked to the conflict escalation in the Near East.”Specific commodity trends showed global wheat prices up 4.3% in March, driven by deteriorating crop conditions and drought concerns in the United States, as well as reduced planting in Australia due to soaring fertiliser costs. Better weather in Europe and strong export competition provided some offset.In the United Kingdom, the Food and Drink Federation – representing 12,000 manufacturers – now forecasts a **minimum 9% rise in food prices by the end of 2026**, a sharp increase from the 3.2% forecast made before the Middle East conflict. This outlook assumes the Strait of Hormuz reopens within weeks and that major energy facilities return to normal within a year – both uncertain outcomes.British producers are already feeling the pressure. The British Tomato Growers’ Association warned that consumers could see higher prices for tomatoes, peppers and cucumbers within six weeks as gas‑heated glasshouses become more expensive to run.Chancellor Rachel Reeves recently met with leaders of major retailers—including Tesco, Sainsbury’s, Morrisons, Marks & Spencer, Aldi and Lidl—to discuss measures that could ease the cost‑of‑living squeeze and strengthen supply chains.Nevertheless, a Bank of England survey of over 2,000 chief financial officers revealed that firms expect to raise their prices by an average of 3.7% over the next year, up from 3.4% in February. Expectations for overall economy‑wide inflation also rose from 3% to 3.5%.
#prices #food #march
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World Economy Apr 03, 2026

French Container Ship Leads Passage Through Strait of Hormuz Amid Global Trade Tensions

Several ships, including a French container ship owned by CMA CGM, have successfully passed through…
Several ships have successfully navigated the Strait of Hormuz, a vital waterway that has been effectively closed since the start of the war in Iran. The development comes as shipping companies and international leaders work to ensure the passage of critical cargo, including oil and gas supplies that account for about a fifth of the world’s total. A French container ship owned by CMA CGM, the CMA CGM Kribi, which sails under the flag of Malta, is reported to have passed through the strait with cargo. This marks a significant development as it is believed to be the first ship owned by a western shipping line to make the journey. The blockade has led to increased oil and gas prices globally and growing concerns about food security, as a third of the global trade in raw materials for fertiliser normally passes through the strait. International leaders are expected to meet next week to discuss possible solutions, including clearing sea mines and rescuing trapped ships. The UK’s Foreign Secretary, Yvette Cooper, has stated that coordinated action is needed to pressure Iran into reopening the strait. The US President, Donald Trump, has claimed that the US could “easily” open up the strait but that it would require “a little more time”.
#strait #through #which
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Tech Apr 03, 2026

UKRI mandates sweeping overhaul of Alan Turing Institute, appoints security‑focused chief to pivot AI research toward defence

The UK Research and Innovation (UKRI) body has warned the Alan Turing Institute that its current st…
The UK’s premier AI research centre, the Alan Turing Institute, has been instructed by its chief public funder, UK Research and Innovation (UKRI), to implement significant organisational changes. The directive follows a UKRI review that found the institute’s strategic alignment and value for money "not yet satisfactory".UKRI, which granted the institute a £100 million, five‑year funding package in 2024 and remains its largest single source of finance, said the review highlighted strong scientific foundations but a lack of clear strategic focus and delivery.Last summer, the government signalled that the institute must undergo a strategic overhaul, urging a shift toward defence and national security while downgrading work on health and the environment—previously two of its three core pillars.Leadership turbulence has accelerated the changes. Chief Executive Jean Innes resigned in September after staff unrest, and chair Doug Gurr stepped down this week to take up a permanent role at the UK competition watchdog.UKRI’s AI programme overseer, Prof. Charlotte Deane, stressed that achieving the UK’s AI ambitions requires institutions that are “focused, effective and aligned to national need.” She added that the review recognises the institute’s value but calls for significant change in several areas.To execute the recommendations, UKRI will work with the institute’s newly appointed chief executive, George Williamson, who comes from a government post centred on national security. The plan includes strengthening governance and placing defence and security at the core of the institute’s mission.The Alan Turing Institute collaborates with universities, private firms and government bodies, while UKRI invests £8 billion annually in UK research and innovation. A spokesperson for the institute acknowledged recent improvements in focus and governance but said it must move “faster and further.”“Working with funders and partners, we will be even more ambitious about the role we can play for the UK, and we welcome the confirmation of our clear, single‑purpose mission with national resilience, security and defence at its core,” the institute said.
#UK Research and Innovation #Alan Turing Institute #Artificial Intelligence
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Sport Apr 03, 2026

St Helens Stun Wigan with Thrilling Comeback Led by Loan Star Bill Leyland

St Helens achieved an incredible comeback against league leaders Wigan, with loan player Bill Leyla…
In a thrilling 130-year-old derby, St Helens pulled off an unlikely comeback against Wigan, the league leaders, thanks to a heroic performance from loan player Bill Leyland. Trailing by 14 points with just 20 minutes left, St Helens seemed doomed to defeat.However, Leyland, who had only joined the club on a one-match loan from Hull KR due to an injury crisis, scored two crucial tries, including the decisive one with just three minutes remaining. This gave St Helens the lead for the first time and sparked jubilation among the home crowd.The match was marked by significant adversity for St Helens, who were without a dozen first-team regulars, including prop Agnatius Paasi who limped off after just four minutes. Despite this, and with Wigan dominating for much of the game, St Helens showed remarkable resilience.Wigan, who had won their first five games, now face questions about their form after suffering back-to-back losses. Their coach, Matt Peet, acknowledged that his team must improve, stating, 'I can accept it was an intense game and finished in an exciting manner, but we’ve got to be better than that.'The victory was hailed by St Helens' coach, Paul Rowley, as a testament to his team's belief and character, saying, 'You know the saying, never write off the Saints. The belief and the character has never been questioned within this group.'
#but #leyland #helens
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World Apr 03, 2026

Iraq's Delicate Balance: US-Iran Conflict Exposes Deep Divisions

The US-Israeli war on Iran has exposed deep rifts in Iraq, dividing those who see the attacks as a …
Iraq is facing a balancing act as the US-Israeli war on Iran exposes deep divisions within the country. The conflict has highlighted the divisions between those who view the attacks on Iran as a means to end Tehran's longstanding influence over Iraqi politics and those who are loyal to the Islamic republic. The war has struck Iraq during a precarious power vacuum, following the stepping aside of caretaker leader Mohammed Shia al-Sudani, whose coalition won the largest share of seats in November's parliamentary elections. This power vacuum has exacerbated tensions, with factions from the Islamic Resistance in Iraq, an umbrella body of Iran-backed armed groups, vowing to drag the US into a long war of attrition. The group has claimed responsibility for numerous drone and missile attacks on targets in Iraq and neighboring countries, including the US base in Erbil and the city's international airport. In response, unclaimed airstrikes attributed to US and Israeli forces have hit positions across the country, killing several commanders and fighters. Iraqi leaders are attempting to maintain a balancing act, denouncing the killing of Iran's supreme leader Ali Khamenei while rejecting attempts by Tehran to draw Iraq into the conflict. However, this balancing act is complicated by the fact that pro-Iran groups are also members of the Popular Mobilisation Units (PMU), a sprawling institution that operates with its own agenda. The conflict has significant implications for Iraq's stability and economy, with a looming financial disaster hanging over the country due to the crisis over the strait of Hormuz and the loss of oil revenue. The US pressure and threat of sanctions have forced some members of the pro-Iran Shia alliance in Iraq's parliament to distance themselves from more militant factions. The killing of Hassan Nasrallah, the leader of Hezbollah, has also had a profound impact on the Iraqi resistance factions, which have struggled to respond effectively to the recent war. The insider close to the pro-Iran factions noted that the killing of Nasrallah has affected the Iraqi resistance factions more than the killing of Khamenei, as Nasrallah had a direct appeal to many commanders.
#iraq #iraqi #iran
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Us News Apr 03, 2026

Trump Mocks UK's Starmer, Claims He Is 'Weak' Over Aircraft Carrier Deployment

Donald Trump has mocked UK Prime Minister Keir Starmer, claiming he is weak for allegedly needing t…
Donald Trump has sparked a new low in UK-US relations by mocking Prime Minister Keir Starmer, claiming the UK leader is weak and indecisive. During an Easter lunch speech at the White House, Trump impersonated Starmer, saying the prime minister told him he needed to consult his team before deciding whether to send UK aircraft carriers to the Middle East.Trump stated, 'I asked [the] UK, who should be our best. In fact the king is coming over here in two weeks, he’s a nice guy, King Charles. But should be our best but they weren’t our best. I said: ‘You have two, old broken-down aircraft carriers, do you think you could send them over?’' He then mimicked Starmer, saying, '“Ohhh, I’ll have to ask my team.”' Trump added, '“I said: ‘You’re the prime minister, you don’t have to.’”The US president also mocked Emmanuel Macron, saying the French president was “still recovering from the right to the jaw” and claimed that Macron’s wife, Brigitte, “treats him extremely badly”. These remarks were made at a lunch that was not open to the press but were released by the White House on a social media channel and later deleted.However, Whitehall sources disputed Trump’s claims, stating that he had never asked the UK for the vessels and Britain had not offered them. Despite the controversy, Starmer has remained firm in his stance on the war, saying he would stick to his position “whatever the pressure and the noise”. When asked about Trump’s comments, Starmer emphasized his focus on the British national interest and his determination not to be swayed by external pressure.
#trump #but #not
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Politics Apr 03, 2026

Labour Challenges Nigel Farage Over Private Jet Trip Costs to Maldives

Labour has questioned Nigel Farage's claim that a private jet trip to the Maldives cost £25,000, ci…
Labour has challenged Nigel Farage over the cost of his private jet trip to the Maldives, questioning his claim that it cost as little as £25,000. Farage, the leader of Reform UK, initially recorded the two-day trip as costing £12,500, funded by Thailand-based Reform megadonor Christopher Harborne, before later upgrading the cost to £25,000. The Labour Party's chair, Anna Turley, wrote to Farage arguing that chartering a private jet of a similar size would cost many times more than the sum declared. According to publicly available flight logs, the 11,000-mile round trip lasted just over 23 hours, using a model of plane that is currently advertised on multiple private jet websites as costing at least $11,500 (£8,500) per hour to charter. Turley highlighted that the plane's ownership is linked to Harborne, who has given the party more than £12m. She asked Farage to clarify how he valued the cost of the flight, which did not end in him reaching the Chagos Islands, as he did not have permission. Farage has described the visit as a "humanitarian mission", saying he undertook the trip to highlight the plight of the Chagossians, whose families were removed from the islands in the 1960s and are seeking to return. The trip has sparked controversy over the valuation of the private jet donation and Farage's attempts to reach the Chagos Islands, which are subject to a UK government decision to hand sovereignty to Mauritius.
#Nigel Farage #Labour Party #Maldives
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