‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
Pepsi raises profit guidance despite flat volumes October 10, 2023 Pepsico has upgraded its profit guidance for the third consecutive time in a row despite reporting a decline in volumes due to sticky inflation. The Coca-Cola rival said that its third-quarter revenue grew organically by 8.8 per cent to $23.5bn (£19.16bn) and underlying profit grew 12.1 per cent to $4.0bn. Pepsi, which sells favourites such [...]
Burger & Lobster looks to gobble up more sites as turnover grows 43 per cent October 10, 2023 Burger & Lobster has revealed a 43 per cent increase in turnover as it lays out expansion plans for outside the capital. The London-born business just released its financial figures for last year with turnover reaching £32.7m – up 43 per cent on the prior year’s earnings when the business was rattled by pandemic restrictions. [...]
Potential buyers eye up Currys Greece and Cyprus arm October 10, 2023 The British retailer put the business up for review in June just two years after it took on the business after its takeover of Dixons.
Falling price of butter leads the way as grocery inflation drops again October 10, 2023 Grocery price inflation has fallen again with the average price of a pack of butter now 16p less than a year ago, figures show. Prices across grocers were 11 per cent higher than a year ago for the four weeks to October 1, down from the previous month’s 12.2 per cent, analysts Kantar said. It [...]
Spending on restaurants and takeaways drops as Brits tighten belts ahead of Christmas October 10, 2023 September spelled further pain for restaurants and takeaways, with sales dropping as Brits cut back on eating out before the Christmas period.
Retail sales lay limp in September as Indian summer rocks sector October 10, 2023 UK total retail sales continued to limp along in September with growth up just 2.7 per cent against a figure of 2.2 per cent for September last year as an Indian summer and cost of living pressures walloped the sector. Non-food sales declined 1.2 per cent on a total basis over the three months to [...]
John Lewis faces fresh defiance from Ealing residents over build-to-rent tower October 9, 2023 The John Lewis Partnership is facing further resistance from Ealing residents over the retailer‘s attempt to erect a build-to-rent tower of 428 homes over a Waitrose supermarket in the west London borough. A campaign group, Stop the Towers, has made fresh calls to the council urging it to listen to residents’ concerns and reject the [...]
Waitrose eyes deal with Amazon to sell groceries online in latest sales push October 9, 2023 Waitrose groceries could be sold on Amazon as part of a new deal being discussed by the upmarket grocer and delivery giant. The pair are reportedly considering the tie-up after the John Lewis-owned supermarket cut ties with Ocado nearly three years ago, according to reports published in The Telegraph. Amazon has recently struck up a [...]
Petrol forecourt owners bag £60m bonus as pump prices jack up profits October 9, 2023 Senior executives at Motor Fuel Group, the UK's largest independent forecourt operator, have raked in a bumper pay packet this year on the back of record profits.
Last orders: London sees highest number of pub closures out of any English region October 9, 2023 London has seen the highest number of pub closures out of any region in England, with a total of 46 haunts shuttering in the first half of the year, a new study has shown. Across the whole of the UK some 383 pubs were also permanently closed within the same period, according to new figures [...]