Britain is suffering from a shortage of the Cadbury Flake 99 due to supply issues at one of its manufacturing plants in Egypt.
It comes as the UK experienced its warmest day of the year on Friday, with temperatures expected to reach 34°C in some parts, well above the average for June.
Cadbury Flakes — often added to vanilla soft-serve ice cream cones to create the quintessentially British '99' treat — are a common sight at seasides across the country in the summer.
But an unseasonably warm late spring and early summer has meant Flakes are now in short supply.
Mondelez, the parent company of Cadbury, has blamed global supply issues and unexpected high demand for the scarcity of supplies.
“We have been experiencing some global supply chain disruptions, alongside a recent increase in demand for the product in the UK and Ireland above the levels that we had anticipated at the start of the year", the company told The National.
"Flake 99 is available for our customers to order but, for now, we are just carefully managing stock allocation fairly across all our customers.”
It added that the supply issues were "in line with what many other companies are reporting".
The iconic British brand, based in Bourneville near Birmingham, shifted production of the Flake to Dublin and an even larger facility in Egypt, which was built to satisfy the Middle East's insatiable demand of Cadbury chocolate.
It is now the second year running that the UK has suffered a Flake shortage.
The Ice Cream Alliance said: "There is, once again, a shortage of the Flake product.
"This is disappointing to our members and their customers as the Flake product is synonymous with the whippy ice cream known as the Flake 99 and enjoyed throughout the UK especially during the summer months.
"The ICA hopes that the supply issue is resolved as soon as possible to benefit both our members, the ice cream industry and their customers."
First introduced in 1930s, mystery over the Flake 99's unusual name circulated for years, with many people mistakenly assuming it was related to the item's price in pence.
Cadbury has admitted the origins are "lost in the midsts of time" but has speculated the name could be related to the elite bodyguard unit of the Italian king, which included 99 men.
GOLF’S RAHMBO
- 5 wins in 22 months as pro
- Three wins in past 10 starts
- 45 pro starts worldwide: 5 wins, 17 top 5s
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- 5th player in last 30 years to win 3 European Tour and 2 PGA Tour titles before age 24 (Woods, Garcia, McIlroy, Spieth)
How Filipinos in the UAE invest
A recent survey of 10,000 Filipino expatriates in the UAE found that 82 per cent have plans to invest, primarily in property. This is significantly higher than the 2014 poll showing only two out of 10 Filipinos planned to invest.
Fifty-five percent said they plan to invest in property, according to the poll conducted by the New Perspective Media Group, organiser of the Philippine Property and Investment Exhibition. Acquiring a franchised business or starting up a small business was preferred by 25 per cent and 15 per cent said they will invest in mutual funds. The rest said they are keen to invest in insurance (3 per cent) and gold (2 per cent).
Of the 5,500 respondents who preferred property as their primary investment, 54 per cent said they plan to make the purchase within the next year. Manila was the top location, preferred by 53 per cent.
Rankings
ATP: 1. Novak Djokovic (SRB) 10,955 pts; 2. Rafael Nadal (ESP) 8,320; 3. Alexander Zverev (GER) 6,475 ( 1); 5. Juan Martin Del Potro (ARG) 5,060 ( 1); 6. Kevin Anderson (RSA) 4,845 ( 1); 6. Roger Federer (SUI) 4,600 (-3); 7. Kei Nishikori (JPN) 4,110 ( 2); 8. Dominic Thiem (AUT) 3,960; 9. John Isner (USA) 3,155 ( 1); 10. Marin Cilic (CRO) 3,140 (-3)
WTA: 1. Naomi Osaka (JPN) 7,030 pts ( 3); 2. Petra Kvitova (CZE) 6,290 ( 4); 3. Simona Halep (ROM) 5,582 (-2); 4. Sloane Stephens (USA) 5,307 ( 1); 5. Karolina Pliskova (CZE) 5,100 ( 3); 6. Angelique Kerber (GER) 4,965 (-4); 7. Elina Svitolina (UKR) 4,940; 8. Kiki Bertens (NED) 4,430 ( 1); 9. Caroline Wozniacki (DEN) 3,566 (-6); 10. Aryna Sabalenka (BLR) 3,485 ( 1)
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What is a robo-adviser?
Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.
These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.
Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.
Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.