Helen Dickinson news, features and comment – Page 8
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NewsRetailers warn of prolonged inflation as government increases business taxes
Food prices have continued to rise at a slower pace in November but the British Retail Consortium warned a new raft of higher costs hitting business could derail falling inflation in 2024.
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NewsCity snapshot: Greencore boosts revenues and profits as it passes on inflation
Greencore has boosted annual revenues and profits as it recovered cost inflation and also improved volumes. Plus, the latest inflation figures from the BRC, annual results at Treatt and half-year results at Supreme and Pets at Home.
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NewsFood charities benefit from 20,000 tonnes of supermarket food
According to an analysis by the BRC and FareShare, more than 8,000 charities benefited from the scheme, helping almost one million people in 2022
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Comment & OpinionHow the autumn statement will impact retail and fmcg
A ‘final nail in the coffin for the high street’ was the grim description from a leading property consultancy of today’s autumn statement
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NewsCity snapshot: Grocery price inflation falls to single digits for the first time in 16 months
Grocery price inflation hit single digits for the first time in 16 months in October as overall grocery growth continues to be driven by higher pricing. Plus Naked Wines issues profits warning as CEO departs and updates from ABF and Hilton Food Group
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NewsCity snapshot: Retail footfall slides as wet weather hits UK
UK retail footfall fell back in October as wet weather and the ongoing cost of living squeeze hit shopper numbers
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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