Finance news
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NewsConsumer confidence lifts in May but outlook remains gloomy
The Iran war ceasefire helped raise shopper spirits, but concerns over rising food and fuel prices continue to weigh on shopper’s minds, warned the BRC
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NewsFood sector leaders call for swifter action on climate change
The call follows the publication of the Climate Change Committee’s fourth independent assessment of the UK’s climate risk today
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NewsRetail media tech firm collapses months after major Iceland Foods deal
Stratacache UK owes £12.9m to creditors
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NewsGlacier appoints Tunc Tezel new permanent CFO
Tezel has replaced interim CFO Serkan Cagatay, who will continue to advise the business as senior financial adviser
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NewsInflation falls to 2.8% in April ahead of Iran price surge
Inflation fell faster than expected in April, as the Consumer Price Index rate fell to 2.8%
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News‘Crazy’ supermarket price capping plan came from No 10, say sources
A shock plan to persuade supermarkets to agree to cap food prices to ward off inflation caused by the war in the Middle East came direct from No 10, industry sources have revealed
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NewsM&S returns to profit growth in ‘year of two halves’
M&S has returned to sales and profit growth after a ‘year of two halves’ was dominated in the first half by a devastating cyberattack
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NewsTortilla sales rise 12% after improvements to stores and delivery strategy
It comes amid continued improvements to food, the brand, kiosk rollout and the guest experience
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NewsCranswick benefiting from affordable proteins as revenue soars
The pig and poultry supplier announced its UK food revenue had grown by 9.4% in the year to 28 March 2026 with strong volume growth of 8.3% and record Christmas trading
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NewsBrits believe supermarkets enjoy profit margins of 50%, survey finds
Consumers considered supermarkets as making among the highest profit margins of any sector, after only electricity and gas companies and water companies
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NewsPrinces CEO Simon Harrison steps down
Harrison will leave the group on 30 June to ‘pursue a new opportunity’, the company said in a surprise update to investors
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NewsGreene King sells Old Speckled Hen to Estrella Damm
Suffolk brewer and pub group Greene King revealed this morning it had sold off the brand to Estrella Damm’s UK arm, Damm UK
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NewsSSP posts ‘best H1 since 2019’ as airport trade thrives
Resilient trading allowed SSP to sustain 5% like-for-like sales growth through both quarters, with US growth in particular helping the group offset the impact of conflict in the Middle East in Q2
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NewsC&C Group renews transformation efforts as sales sink
C&C Group has renewed efforts to revitalise the business, as sales sank 5.7% in the year to 28 February 2026
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NewsCranswick revenues soar as poultry sales boom
Cranswick revenues soared 9.5% to just under £3bn last year, as surging poultry sales and a ‘record’ Christmas boosted group income
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NewsPulsin returns to growth following investment
The group told investors this morning that Pulsin was now ‘well positioned’ for further expansion
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NewsPost Office launches travel credit card
Key features include 0% foreign transaction fees, meaning there are no extra charges when consumers spend overseas or buy from international retailers, and a six-month 0% interest period on purchases
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NewsGreggs stock rises as it provides ‘reassuring’ numbers
Greggs shareholders have been handed a welcome reprieve, after the stock jumped 6.7% on Tuesday
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NewsTesco ties CEO pay to market share as Ken Murphy takes £10.8m
Tesco’s Ken Murphy took a £10.8m total pay package last year, after being awarded over 90% of his possible maximum annual bonus
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NewsSauce Shed slapped with winding-up petition amid claims of unfulfilled orders
Sauce Shed was issued with a winding-up petition by Scottish-based hot sauce brand Big Jim’s Kitchen in March. The first hearing, held in London on 13 May, has been adjourned