Nike shares tumble as sell warnings rattle retailers

Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. Shares in Nike fell sharply on Friday after the world’s largest sportswear maker by revenue warned that sales would fall this year, roiling shares of companies including JD Sports and Foot Locker. Nike reported weaker-than-expected … Read more

Ultra-processed foods need tobacco-style warnings, says scientist

Ultra-processed foods (UPFs) are replacing healthy diets ‘around the world’ despite growing evidence of the risks they pose and should be sold with warnings similar to those of tobacco products, according to the food scientist who first coined the term invented. Prof Carlos Monteiro from the University of São Paulo will highlight the increasing danger … Read more