Britain’s fifth-biggest grocer postpones goal by 15 years to 2050, saying revised plan will now cover entire supply chain

Morrisons has become the first UK supermarket chain to postpone its net zero carbon emission targets, delaying them by 15 years to 2050.

Britain’s fifth-biggest grocer said its new targets would cover the entire supply chain, as well as Morrisons stores, including emissions from agriculture and land-use sources.

AA sounds out buyers, and owners of fellow roadside assistance provider prefer IPO of similar value

The private equity owners of the AA, Britain’s biggest roadside recovery business, are looking for a potential £5bn sale or stock market flotation, while the owners of the rival RAC are targeting a London listing with a similar valuation.

The AA, which provides roadside assistance as well as insurance and driving lessons, is owned by a consortium including TowerBrook Capital Partners, Warburg Pincus and Stonepeak, and has been sounding out buyers, in news first reported by the Financial Times.

The AA’s owners are understood to value it at £5bn or more. They are also considering floating it on the London stock market – a decade on from its flotation by previous private equity owners. The plans are still in the early stages.

Emma Walmsley’s praise for US pharmaceutical market piles pressure on UK government

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The chief executive of GSK has declared that the US is the best place for pharmaceutical companies to invest.

Emma Walmsley said the US led the world in launches of drugs and vaccines and, alongside China, was the best market for business development.