Helen Dickinson news, features and comment – Page 8
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NewsCity Snapshot: Shop price inflation falls to 14 month low
Shop price annual inflation has eased to its lowest level since August 2022, falling to 5.2% in October from 6.2% in September. Plus trading updates from AB InBev, Carlsberg and Coca-Cola HBC.
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NewsKing Charles intervenes in food surplus fight with calls for huge rise in redistribution
The King is launching a Coronation Food Project to coincide with his 75th birthday next month
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NewsCity snapshot: Treatt seeks new CEO as Daemmon Reeve retires
Drinks ingredients supplier Treatt has kicked off a search for a new CEO after Daemmon Reeve informed the board of his decision to retire from the role he has held for the past 11 years. Plus, retail sales register bigger-than-expected drop in September and consumer confidence plunges in October.
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NewsCity snapshot: Food prices fall for first time in two years
Food prices have fallen for the first time in two years in September to keep the overall UK rate of inflation steady at 6.7%. Plus, Just Eat Takeaway lifts annual profit forecasts and Cake Box issues a first-half trading update.
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NewsCity snapshot: Supermarket sales growth rebounds despite falling inflation
Grocery price inflation fell for the seventh month in a row to 11% last month as take home grocery growth rose to 9.1%.
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NewsCity Snapshot: Footfall falls back in September
UK football eased back in September as consumer caution constrained spending in stores
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NewsCity snapshot: Greggs sales growth tops 20% as evening shoppers boost trading
Sales are continuing to boom at food-to-go stalwart Greggs as new openings and increased customer visits boosted third quarter revenues
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News88 retail leaders send plea to home secretary for tougher action on crime
The CEOs of Tesco, Sainsbury’s, Morrisons and Aldi, along with Asda co-owner Mohsin Issa, are among retail leaders to have written to Suella Braverman
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NewsFinsbury Food Group recommends £143m takeover offer to shareholders
Listed bakery group Finsbury Food has agreed to a £143.4m takeover offer from Isle of Man-based asset management firm DBAY Advisors. Plus, food price inflation eases for fifth month in a row.
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NewsRetail leaders write to Jeremy Hunt calling for business rates freeze
Without a freeze in the business rates multiplier – used to calculate the commercial property tax – there will be new upward pressure on prices just as inflation has begun to ease, according to a letter signed by major supermarkets
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NewsCity snapshot: UK retail sales boosted by improved consumer confidence
UK retail sales were up 4.1% in August as consumer confidence improved amid easing inflation. Plus PZ Cussons makes offer for Nigerian business, trading update from DS Smith and all the latest news from the City
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NewsCity snapshot: UK food inflation continues to decelerate
Annual shop price inflation dropped to 6.9% in August as food inflation continues to decelerate, albeit food price growth remains in double digits
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NewsSuperdrug calls for Apprenticeship Levy reform to stop ‘great applicants’ being turned away
The BRC-backed campaign is calling for more flexibility in how retailers can spend Apprenticeship Levy funds, to allow training which better meets the industry’s needs
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NewsCity snapshot: Wet weather dampens UK retail demand
UK retail sales growth fell back in July as damp weather and persistent inflation hit shopper activity, according to the monthly BRC-KPMG retail sales monitor
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NewsCity snapshot: July retail sales rebound despite wet weather
July saw small increase in sales, according to data from accountancy firm BDO, but slowed in the second half of the month by wet weather
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NewsCity snapshot: Diageo posts double-digit annual growth on strong pricing
Spirits giant Diageo has posted net sales growth of 10.7% driven by price rises and premiumisation, which mitigated a drop in sales volumes. Plus sales jump at Greggs, AG Barr CEO to step down, food inflation falls and all the rest of the news from the City
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NewsCity snapshot: Unilever hires Compass Group’s Ian Meakins as chair
Unilever has announced the appointment of Ian Meakins as chair designate to replace outgoing chair Nils Andersen
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NewsUK loses 6,000 retail outlets in five years
It comes as the store vacancy rate continued to climb this year, with rising rents and increased competition putting pressure on small and independent businesses
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NewsCity snapshot: THG sells unwanted OnDemand and ProBikeKit assets
THG has offloaded its unwanted OnDemand business to the division’s management team as part of a strategic review to “simplify and streamline” operations. Plus, UK retail sales beat expectations in June but consumer confidence fell July as household resilience “collapsed”.
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NewsCompetition watchdog probe clears supermarkets of profiteering
The next stage of the probe will look at whether large branded suppliers hold too much sway in negotiations