Business
‘Families can save £200 a month at Hull community shop’
Natalie Bellin Bransholme, Hull
BBCFamilies living on a council estate say a new “social supermarket” will help them make ends meet.
The shop at North Bransholme Community Centre sells surplus food, with packs of fruit, vegetables and bread costing as little as 20p a time.
It can be used by anyone who lives in the area, receives means-tested benefits and applies for a free membership.
On its opening day this month, hundreds of people visited the store to buy food at about a third of the cost charged by most supermarkets, with bosses estimating it could save a family more than £200 a month.
Kirsty Armstrong, a mother of two, said the store took the pressure off the worry of doing a weekly food shop.
“Even though you work, it can still be really hard just to buy the simplest of things like fruit.
“I’ve spent about £6 and I’ve got bread, fruit and I am thinking about stuff in my basket that can be kept frozen.”

James Trott, 67, was one of the first customers through the doors and plans to use the shop regularly.
“It helps me out being on a pension because you’ve got your gas and electricity, water, rent and council tax to pay for and it’s really hard for everyone on the estate who is on benefits,” he said.
“I’ve just got a tin of beans for 60p, they would have been double in another shop.”
The store is the 15th of its kind to be opened across the UK by the Community Shop Group, a social enterprise.
Products are donated by food industry partners from surplus stock due to overstocking or seasonal packaging. All are still in use date.

Gary Stott, the executive chairman, said as well as supporting people in the Bransholme area, it was helping to tackle food waste.
“Surplus food does occur and we can take that in and we can relabel it and get that on sale,” Mr Stott said.
“We’ve got a retail store with 600 product lines where the average basket spend is about 30% of the retail price, and so as a family you can save £212 a month on your shopping bills.
“Even though we are a small convenience store, 30% of our basket is fruit and vegetables. That means families can come and make really healthy choices at an affordable price.”

The group said profits from the shop would be reinvested into a community hub, which aims to support members to learn new skills.
Meanwhile, a community kitchen and cafe sells breakfasts and lunches for £1.50, along with free children’s meals all year round.
Carol Redfern and her mum were among those enjoying refreshments.
She said: “To be able to come here and get quality food cheaper, it means a lot.
“My mum lives with me, she is disabled, so we are not on a lot of money.
“You can come here and have something to eat and the kids eating free is brilliant.”

Figures from Trussel, the anti-poverty charity, suggest more than 700,000 people in Yorkshire and Humber faced hunger in the past year due to a lack of money, with one in 10 people in the region living in households classed as “food insecure”.
David Daniels, who is 73 and receives disability benefits, described the community store as “a needs must in this day and age”.
“I think financially it will help a lot of people,” he said. “It takes away from food banks as well.
“People can pay reduced prices and you can get quality goods.”
Business
SEBI Proposes Overhaul Of Gold And Silver ETF Price Bands After Sharp Swings
Last Updated:
SEBI proposes stricter base price and band rules for gold, silver ETFs, including cooling-off periods after sharp global price swings to curb volatility.

Amid Global Commodity Volatility, SEBI Plans New Price Band Rules for Gold, Silver ETFs
The market regulator has sought to curb extreme volatility in gold and silver Exchange Traded Funds (ETFs) by proposing changes to the base price and price band framework. Currently, there are no separate price bands for ETFs aligned with their underlying assets, making them vulnerable to sharp price movements.
The proposal comes after sharp volatility in gold and silver ETFs triggered by fluctuations in global commodity prices. On some days, these ETFs fell by over 15%, while on others, they recorded sharp gains.
Stock exchanges currently apply a fixed price band of plus or minus 20% on the base price of ETFs, except for Overnight ETFs investing only in TREPs, which have a price band of plus or minus 5%.
Moreover, the base price for applying price bands to ETFs is taken as the T-2 day closing Net Asset Value (NAV) by exchanges, instead of the T-1 day closing NAV or price, as is the case with indices and individual stocks. This creates a challenge, as the closing NAV of ETFs typically differs between T-1 and T-2 days. Corporate actions such as bonuses and dividends are adjusted manually, increasing the risk of errors.
What Are the Key Proposals?
SEBI has proposed that the base price be determined using either the closing price of the ETF on T-1 day (weighted average price of the last 30 minutes), the closing NAV of T-1 day, or the average indicative NAV (iNAV) of the last 30 minutes of T-1 day.
Further, the regulator has proposed an initial price band of plus or minus 10% for equity and debt ETFs, which can be flexed up to plus or minus 20%. A cooling-off period of 15 minutes will apply, and up to two flexes will be allowed in a day.
For gold and silver ETFs, the regulator has proposed an initial price band of plus or minus 6%, which can be flexed up to plus or minus 20%. This will also include a 15-minute cooling-off period.
February 14, 2026, 16:08 IST
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Business
Petrol and diesel prices likely to rise – SUCH TV
Oil and Gas Regulatory Authority (OGRA) forwarded a summary to the federal government suggesting an increase of Rs4.39 per liter in petrol price for the next fortnight.
After approval from the federal government, one liter of petrol will be sold at Rs257.56 instead of Rs253.17 per liter.
The price of high-speed diesel (HSD) will be increased by Rs5.40 per liter.
After approval, the price of one liter of high-speed diesel will increase by Rs268.38 to Rs273.78.
The proposal to increase the price of kerosene by Rs4 per liter is also on the cards.
The OGRA also recommended increasing the price of one liter of light diesel by Rs6.55.
The new prices of petroleum products will be effective from February 16, 2026.
Due to tension between the USA and Iran, petroleum prices are likely to increase further.
Business
Rising vet costs leave Birmingham charity with £400k bill
The group, based in Solihull and Wolverhampton, says its vet bills are costing them more.
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