FTSE 100 close: London pares gains as BP slump offsets inflation hope October 31, 2023 London's FTSE markets climbed on Tuesday morning as investors received another boost from falling food inflation but oil giant BP slumped after a poor set of results.
Food prices continue to skyrocket despite easing UK shop inflation January 4, 2023 UK inflation is beginning to ease, but food prices are still accelerating at one of the fastest paces on record, new research out today shows. Annual shop price inflation, calculated by the British Retail Consortium (BRC) and NielsenIQ, dropped slightly to 7.3 per cent last month from 7.4 per cent in November. Despite the drop, [...]
Tortilla swings to loss after ‘unprecedented’ food and energy inflation March 27, 2023 Burrito chain Tortilla Mexican Grill has revealed it swung to a loss last year as it came under pressure from “unprecedented” food and energy costs, and avoided raising its prices above inflation. The fast-casual restaurant chain insisted its sales have benefited from consumers opting for value-for-money meals over dining out at restaurants. Its revenues jumped [...]
Inflation to continue falling despite rising energy prices, experts predict October 15, 2023 Falling food prices are expected to help bring down the annual rate of inflation in September.
Mr Kipling owner Premier Foods boosted by falling inflation as sales and revenue jump November 16, 2023 Premier Foods' boss: "We know how challenging the past year has been for many consumers and so it's good to see the rate of input cost inflation falling."
Shoppers head to frozen food aisles to quell ‘sizzling hot’ inflation hit April 14, 2023 Shoppers are opting for frozen meat and meals like pizza and chips as food price inflation continues to add hundreds of pounds to households’ grocery shops. New figures from research firm Kantar showed frozen food sales were ticking up in British supermarkets. Frozen poultry like chicken and game meats increased in the three months to [...]
The Notebook: Kokou Agbo-Bloua on fashionomics, inflation musings and our broken food system July 25, 2023 Where interesting people say interesting things. Today it’s Kokou Agbo-Bloua, global head of economics, cross-asset & quant research and UK head of research at Societe Generale Fashionomics: The Good, The Bad and The Ugly Since the dawn of time, clothing has been an important part of our human experience. We lost our fur at least [...]
Premier Foods boosted by consumers eating at home amid rising inflation November 16, 2022 Premier Foods’ revenues continue to rise despite inflation, as the cost of living crisis pushes consumers towards cheaper brands. The London-listed food group, which owns Batchelors, Bisto and Lloyd Grossman brands, has continued to perform well under economic pressure in the UK and across the world. Group revenue rose more than six per cent to [...]
Grocery prices cool as government drafts supermarket price cap May 30, 2023 Food inflation cooled slightly in May as lower energy and commodity costs finally showed signs of filtering down to consumers. According to data by the British Retail Consortium, grocery inflation fell to 15.4 per cent in during the month, down from 15.7 per cent in April – but remained the second highest inflation rate in [...]
Premier Foods has no plans for price increases as cost inflation ‘now past its peak’ July 20, 2023 Mr. Kipling maker Premier Foods said that it now believes that the recent period of significant input cost inflation has “now passed its peak”, with the group no longer planning for further price increases during the year. It comes as inflation fell to its lowest level this year of 7.9 per cent, giving shoppers hope [...]