Supermarkets ‘actively shielding’ shoppers as food inflation falls again August 19, 2026 Food inflation fell again in July to its lowest level in nearly five years, as retailers claim they are “actively shielding” consumers from worse price rises. The rate of food price inflation slipped to 1.3 per cent last month, down from 1.7 per cent in June, to reach the lowest point since September 2021. Industry [...]
Fishing retailer catches sales boost to defy summer drought August 19, 2026 The UK’s largest fishing shop has posted a surge in sales to defy fears that the record drought is impacting the country’s rivers and fisheries. Angling Direct, the UK’s leading seller of fishing equipment, said it has grown its market share and is on track to meet its profit targets despite the drought, which has [...]
As it happened: Miners fuel FTSE 100 recovery; oil jumps as Trump claims Strait of Hormuz August 19, 2026 Welcome back to the City AM liveblog. The FTSE 100 is falling on Wednesday as oil prices continue their march upwards and investors digest a jump in inflation. The Office for National Statistics (ONS) put the consumer price index inflation reading at 2.9 per cent for the 12 months to July. The previous inflation reading [...]
Poundland owner eyes sale one year after takeover August 18, 2026 The owner of Poundland is weighing up a sale of the discount retailer only one year after snapping it up for just £1. Gordon Brothers, a Boston-based investment firm, is in talks with advisers over launching a potential auction for the retailer – which is in the midst of a drastic restructuring. The sale would [...]
Jobless Banquet: Youth unemployment surge ‘sends Neets to KFC’ August 18, 2026 A surge in youth unemployment has fuelled the rise of chicken shops across British high streets as young people not in work, education or training – known as Neets – have flocked to fast food, a consultancy has argued. Analysts at Baringa, a consultancy with more than 2,000 employees, have drawn a link between the [...]
Picky Brits: Heatwave fuels surge in finger food spending August 18, 2026 Record summer temperatures have driven a surge in “picky bits” spending as British shoppers rush to the chilled aisle in a boost to UK supermarkets. The sweltering heat is causing Brits to cut back their grocery bills, instead spending little and often on items like olives and quiche, according to figures from Worldpanel by Numerator. [...]
Mike Ashley’s Frasers ups stake in Hugo Boss after takeover bid August 18, 2026 Frasers Group has pushed up its stake in Hugo Boss to nearly half of the company, though Mike Ashley’s group misses out on full control of the luxury fashion brand. The Sports Direct owner has increased its portion of the German fashion house to nearly 48 per cent after offering €38 for every share in [...]
As it happened: FTSE 100 mixed; oil breaks $91 as Trump rules out new US-Iran ceasefire August 18, 2026 Welcome back to the City AM liveblog. Oil prices are marching higher after Donald Trump refused to extend the ceasefire between the US and Iran following its expiration on Monday. Brent crude – the international benchmark for oil prices – broke above $91 per barrel as tensions persisted over the Strait of Hormuz and a [...]
Burnham’s crackdown on ‘price-gouging’ splits supermarkets August 17, 2026 Tesco and Sainsbury’s have stood firm after the boss of Aldi hit out at loyalty discounts, as a “price-gouging” row threatens to divide British supermarkets. Giles Hurley, the chief executive of the discount grocer, has backed the government’s plans to clamp down on retailers which offer “misleading” discounts which do not offer real-terms value. Aldi [...]
Activist investor accuses The Works chair of working from home – in New Zealand August 17, 2026 The activist investor locked in a boardroom battle with The Works has accused its chair of switching his residence to New Zealand and dialling in to crucial meetings. Kelso, a London-listed investment fund, is pushing to appoint a director of its choosing to the discount retailer’s board, but The Works has slapped down the move, saying it [...]