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2779 Search results for food inflation

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  • Bank of England to launch record rate rise to step up fight against 40-year high inflation

    October 19, 2022

    The Bank of England will have to hike interest rates by a record whole percentage point at its meeting on 3 November, City economists are betting today after inflation returned to a 40 year high of 10.1 per cent last month. Prices are still rising sharply despite the Bank already lifting borrowing costs seven times [...]

  • Nestlé has strongest sales growth since 2008 after inflation leads to 7.5 per cent price rises

    October 19, 2022

    Inflation forced Swiss food giant Nestlé into 7.5 per cent price rises, leading to the highest sales growth in 14 years. The chocolate maker announced organic growth of 8.5 per cent for the nine months of 2022, saying “significant cost inflation” was the driver of its price increase. Its sales were up 9.2 per cent  [...]

  • Dealmaker’s Spotlight: Evercore

    October 17, 2022

    Datasite recently spoke with Alexander Asher, Vice President, Consumer-Retail Team at Evercore, to hear his thoughts and insights on market conditions, trends, and technology. Evercore is a premier global independent investment advisory firm. Founded in 1995, the firm has advised on over US$4.7 trn M&A and restructuring transactions. Headquartered in New York, it has 17 advisory [...]

  • Inflation and supply chain woes take their toll on UK’s chemical sector

    October 17, 2022

    The chemical sector has reported its first quarterly fall in sales since the height of the pandemic, according to the latest sector data.

  • Sanctions on Russia are on a collision course with Europe’s green ambitions

    October 14, 2022

    These days, Europe is seen as the weak link in the developed economic world. The European stock market is underperforming its US rival, down 22 per cent year-to-date. Even risky emerging markets are doing better. Likewise, Europe’s surging inflation rates, in countries like Germany and Spain (not to mention what the UK is going through), [...]

  • Young punters protect Boxpark sales from consumer slowdown

    October 13, 2022

    Young Londoners receiving inflation-related salary boosts has helped to protect Boxpark from a slowdown in discretionary spending, its CEO has said. The shipping container hospitality concept has seen sales increase by double digits compared to the previous year, with London sites in East Croydon, Shoreditch and Wembley “trading really well,” Simon Champion told CityA.M. The [...]

  • Boris Johnson pockets £150k in 30 mins as former PM skips crucial Commons vote to jet off to Colorado

    October 13, 2022

    Former prime minister Boris Johnson touched down in the USA on Tuesday as the ex-Tory leader gave a speech to an insurance industry group on Tuesday afternoon, thereby reportedly collecting around £150,000 for a 30 mins speech. Johnson addressed conference delegates in Colorado Springs, roughly at the same time while the House of Commons was [...]

  • M&S to speed up plans to close 1 in 4 larger clothing stores

    October 12, 2022

    Marks & Spencer will accelerate its plans to slash the number of its larger stores that sell clothing and homeware products.  In an update to investors on Wednesday, the supermarket revealed it would shutter more than one in four of its so-called full-line stores within three years rather than five. Plans also include the opening [...]

  • Pret A Manger invests £10m in staff pay bringing salaries above inflation

    October 11, 2022

     Pret A Manger will invest £10m to support its staff with the cost of living crisis, bringing pay above inflation. The outlet will give its workers a salary boost from 1 December to the tune of five per cent. This comes after the coffee chain invested £9.2m in April this year, with 6,500 of its [...]

  • Shoppers face £643 increase to yearly grocery bill

    October 11, 2022

    Shoppers are facing an additional £643 jump in their annual grocery bill as grocery price inflation breaks another record. According to freshly published data from Kantar, grocery inflation sits at 13.9 per cent, the highest level since the data firm started tracking prices in the 2008 financial crisis.  The average household’s annual grocery bill is [...]

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