Jeremy Hunt news and analysis – Page 5
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NewsMedia Bites 17 November: Premier Foods, inflation, autumn statement
Premier Foods has posted a rise in revenue fuelled by growing demand for cheaper products as customers turn to home cooking in the face of a cost of living squeeze (The Financial Times £). Mr Kipling owner Premier Foods has posted a rise in first-half profit and ...
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News‘Daylight robbery’: retail chiefs call on chancellor to freeze business rates
The upcoming 10% business rates increase – in line with inflation – is expected to bring in an extra £3bn to the Treasury
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NewsCity snapshot: Cake Box profits squeezed by rising costs
Profits have crumbled at fresh cream cakes retailer Cake Box as rising ingredients costs and low consumer confidence put pressure on the group’s bottom line. Plus, PZ Cussons agrees a new £325m credit facility
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NewsMedia Bites 14 November: Autumn Statement, M&S, Morrisons
It is a quiet weekend in the papers for fmcg news as headlines focus on the upcoming Autumn Statement.
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NewsMedia Bites 7 November: Waitrose, food prices, Iceland, avian flu
Waitrose has insisted its supermarkets are better-stocked than some of its rivals despite claims that a bungled IT project has left many of its stores with empty shelves.
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NewsFood shortages ‘significant risk’ if energy bailout not extended, ministers warned
The government’s Energy Bill Relief Scheme will provide support to eligible organisations until 31 March 2023
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NewsOne in 10 low-income Londoners has under £3 a day to spend on food
Four in 10 parents to children of ages 18 or under in London with an income of under £20,000 said they had skipped meals or not bought food for themselves
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Comment & OpinionBusinesses must start compiling the evidence for further energy support
Any sector looking for support beyond April will need to make a compelling, evidence-based case, says Mary Starks, partner at Flint Global and former executive director of OfGem
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Comment & OpinionSupporting the likes of FareShare should be one of Jeremy Hunt’s easier decisions
Over 90% of charities receiving food from FareShare have experienced a rise in demand. Over half (51%) are helping people in full-time employment
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NewsMedia Bites 27 October: Budget, Xmas ads, Reckitt Benckiser
UK chancellor Jeremy Hunt has delayed the date for his long-awaited medium-term fiscal plan from October 31 to November 17, as calmer markets give the government some economic breathing space.
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Comment & OpinionNow Sunak is PM, more stormy waters lie ahead for industry
Anyone expecting lavish spending from the new PM is likely to be in for a shock
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Comment & OpinionSMEs are set to suffer most in winter of insolvencies
After struggling to deal with input cost inflation, businesses across food and drink now face expect to face interest rates rising to more than 5%
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Comment & OpinionWhat next for food & drink now Jeremy Hunt is in charge of the economy?
Industry must watch Hunt very carefully indeed over the weeks and months to come, says Ian Wright, outgoing co-chair of the Food & Drink Sector Council
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NewsWine prices set to soar as suppliers face surging glass cost hikes
Having already seen glass prices surge over the past year, major wine suppliers are now expecting to pay further increases of 45% to 70% for glass bottles
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NewsCity snapshot: Food prices hit 42-year high as inflation soars
Food and drink prices have soared to their highest levels in more than 40 years, pushing UK inflation back to highs seen over the summer, according to the latest figures. Plus, rising food prices help Nestlé increase organic sales in Q3, Just Eat Takeaway returns to profitability sooner than expected, and hedge fund Third Point reveals new position in Colgate-Palmolive and pushes for sale of its petcare business
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NewsCity snapshot: Asda benefits from renewed demand for own label
Brands are coming under increasing pressure from own-label as shoppers trade down to cope with soaring food prices, the latest Nielsen grocery data revealed. Plus, the latest Barclaycard spending data and Pernod Ricard acquires Código 1530 Tequila.
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NewsMedia Bites 18 October: u-turn, Greggs, THG
The papers are dominated by the latest u-turns from the government as almost all prime minister Liz Truss’s tax policies are ripped up by chancellor Jeremy Hunt
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Comment & OpinionRecycling rules are almost as confusing as the chaos at Westminster
Climate change body Wrap produced a report today showing just how bamboozled the average household is by their local authority recycling guidelines
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NewsDrinks industry dismayed as Hunt scraps alcohol duty freeze
The freeze on alcohol duty was announced last month by the recently sacked Kwasi Kwarteng, and was meant to come into force from February 2023
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NewsMedia Bites 17 October: Pound/Chancellor, Tesco, Kroger, Beyond Meat
The pound and UK government bond yields have recovered in anticipation of a key statement from the new chancellor