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Lord Bagri passes away

BRITAIN'S business community is mourning the death of Lord Bagri, a respected entrepreneur who was also the longest serving chairman of the London Metal Exchange.

He was 86 and passed away on Tuesday night (25).


Born in Calcutta, Raj Kumar Bagri was chairman of Metdist, which dealt with non-ferrous metals. In recent years, his son Apurv played a more active role in the business.

Lord Bagri had the distinction of being the first non-white chairman of the London Metal Exchange (LME) , a post he held for a record 10 years from 1993.

As a mark of respect for him, the LME held a minute’s silence at 12.30 yesterday (26).

He is survived by his son Apurv and a daughter, Amita.

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Supermarket prices could rise with demand as dynamic pricing looms

  • Nearly 31 per cent of firms plan to adopt dynamic pricing tools.
  • Technology like digital shelf labels could enable rapid price changes.
  • Concerns grow over fairness as essential goods may see fluctuating prices.

The idea of supermarket prices changing through the day — much like taxi fares or flight tickets — may not be far off. The Bank of England has warned that “dynamic pricing” could soon make its way into grocery stores, driven by rapid advances in digital technology.

In simple terms, dynamic pricing allows businesses to adjust prices based on demand. It is already common on platforms like Amazon and Uber, where costs can rise during busy periods. The difference now is that similar systems could begin to influence the price of everyday essentials — including food.

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