All Inflation articles – Page 32
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NewsMarket reacts positively as Tesco beats expectations despite margin squeeze
Tesco’s margins and profits were hit by shoppers cutting back last year, but the market reacted positively to its tightrope walk between protecting margins and market share
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NewsBooker proves a star performer for Tesco as sales soar 12%
Over the year it saw a net increase of 451 in the number of retail partners it supplies
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Comment & OpinionTesco is the wrong target for profiteering accusations
CEO Ken Murphy says Tesco is getting the balance right between helping cash-strapped shoppers and supporting its staff and suppliers
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NewsAldi and Lidl join Tesco and Sainsbury’s in cutting milk prices
Four pints of milk now costs £1.55
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NewsTesco is doing what it can to support shoppers, says CEO Murphy
The Tesco boss was speaking as the UK’s biggest grocer posted a 5.3% increase in group sales to £57.7bn for the year to 25 February
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NewsTesco profits halved amid ‘incredibly tough year’ for consumers
Tesco’s full-year profits have more than halved as lower sales volumes, cost inflation and writedowns of its property and assets due to economic conditions. Plus Science in Sport decides against sale and trading updates from PZ Cussons and Imperial Brands
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NewsTime Wholesale to rebrand and return to pure cash & carry model
The business is discontinuing its delivered service and programme of store fit-outs
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NewsM&S extends price lock campaign until summer
The retailer is price-locking a ‘refreshed line-up of over 100 customer favourites’
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NewsCall for dairy code of conduct to curb supermarket power
Tenant Farmers Association among organisations insisting on the need for effective regulation in the dairy supply chain
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NewsCity snapshot: Mother’s Day boosts retail sales, but growth lags inflation
Mother’s Day boosted UK retail sales growth in March, but wet weather and consumers cutting back meant overall growth lagged well behind inflation
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NewsCity News: Hilton Food Group tries to leave inflation woes in the past
A new CEO and a more bullish outlook was not enough to convince the City Hilton Food Group has fully left last year’s inflation-driven travails in the past
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NewsReal Good Food raises £550k to ride out ‘perfect storm’
Cake decoration specialist Real Good Food has taken out a £550k loan from key investors to see it through a ‘perfect storm’ of rising costs and falling sales
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NewsPlanet Organic seeking £3m to fund new rescue plan
Planet Organic has until next week to secure a deal, with the rescue plan outlining a new slimmed-down business
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NewsMedia Bites 6 April: Co-op, Hilton Food Group, Berry Bros
The papers pick up on the latest annual results from the Co-op this morning.
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NewsCity snapshot: Co-op boosts profits with “robust” performance but inflationary challenges continue
The Co-operative Group has hailed a “robust” set of annual results as the mutual’s profits received a boost from the sale of petrol forecourts to Asda and cost-cutting. Plus, former Co-op Group boss Steve Murrells appointed as CEO of meat processing giant Hilton Food Group. Hilton also reported a fall in full-year profits.
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Comment & OpinionOur broken food system is to blame for price rises, not retailers or suppliers
The continuing ramp of food price inflation is becoming increasingly concerning for governments around Europe, says Warren Ackerman, head of European consumer staples research at Barclays
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NewsAsda offers to pay staff in advance
The supermarket has partnered with financial services firm Wagestream to offer workers flexible pay
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NewsSupermarkets under fire as Healthy Start scheme misses target
NHS figures show uptake of voucher scheme is 64% of those eligible, well short of the 75% target set for March 2023
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NewsTesco angers shoppers with increase in online delivery minimum spend
The move, which kicks in from 2 May, comes as the supermarket looks at ways to increase the profitability of its online operations
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NewsCity snapshot: Lavazza keeps lid on price rises to boost volumes in 2022
Lavazza has boosted turnover by 17.6% to €2.7bn as the coffee products group kept a lid on price rises and increased volumes across all the markets in which it operates.