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Grocer 200: Prices are delayed by at least 15 mins

Finance news

Typhoo Tea secures multimillion-pound backing from ‘major’ shareholder

2020-01-24T16:00:00+00:00By Elena Cherubini

Typhoo Tea secures multimillion-pound backing from ‘major’ shareholder

The company has struggled in recent times, slumping to a £20m loss after a challenging trading period

Eat returns to profitability as Veggie Pret transformation gets underway

Pret a Manger has pledged a transformation of as many Eat stores as possible into Veggie Prets

As Fever-Tree’s shares fall, is the City over-reacting?

The mixer maker has spooked investors with news that its revenue growth will be lower than expected

City Snapshot: CMA threatens £6bn Just Eat merger

The UK Competition and Markets Authority has thrown a spanner into the merger of Just Eat and Takeaway.com by announcing it has opened an investigation into the deal just as it was poised to complete. Plus, trading updates from Marston’s, Carrefour and all the rest of the latest news from the City.

Media Bites 24 Jan: Morrisons, Just Eat, Tesco/Plastic

About 3,000 management jobs are being cut at Wm Morrison as part of a shake-up of its stores that will also involve the hiring of thousands of shopfloor workers

Cell-based meat company Memphis Meats banks $161m to bring range to consumers

US-based lab-grown meat company Memphis Meats has secured a “breakthrough” $161m investment as it looks to launch its products to consumers for the first time.

Finance reports

Results

City snapshot: SSP Group’s first quarter sales grow as it buys Germany’s Station Food

Fundraising

Typhoo Tea secures multimillion-pound backing from ‘major’ shareholder

Pay and Jobs

Asda hits back at claims of shopper boycotts over new staff contract

M&A

Upfield buys Violife owner Arivia for €500m

Economy

UK food sales suffer largest drop since 2016

Share prices

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Grocer Price Index

Supermarket prices fall back in September

Supermarket prices edged back into deflation last month for the first time since April, according to the latest Grocer Price Index.

The Grocer Price Index - Categories
The Grocer Price Index - Retailers

The GPI tracks pricing of more than 70,000 grocery products using a 12-month chained index. The index was set at 100 in September 2008. The average does not include Waitrose. The GPI is compiled by Brand View.