Tesco was the latest supermarket to hike prices, after Asda, Waitrose and Sainsbury’s
Losses ballooned at Tate & Lyle Sugars as the glut of sugar production in the EU following the end of quotas hammered prices and profitability. Plus, annual losses at parent and young children specialist retailer Mothercare rose to £87.3m last year and all the rest of the latest news from the City.
The chief executive of value retailer B&M has played down speculation that the company might attempt a reverse takeover of Asda
Leon cited concerns about rising business rates, wages and food inflation as well as uncertainly surrounding Brexit
Danish Crown pointed to the ‘unprecedented recovery’ in the pork market in recent months