Manufacturing giant Premier Foods to increase prices due to Brexit vote January 10, 2017 Premier Foods, the supplier of iconic brands such as Mr Kipling cakes and Bisto gravy, is in talks with its major retail customers about lifting prices due to a double whammy of weaker sterling and higher commodity costs. City A.M. can reveal that the listed food manufacturer last month opened discussions with the likes of [...]
Solid fare expected from the UK’s listed supermarkets this week, including Tesco and Morrison’s, as a raft of retailers reveal their seasonal sales results January 8, 2017 The UK's three major listed supermarkets are expected to report solid Christmas trading this week, although investor focus will be on the outlook given this year's expected squeeze on consumer spending. On 10 January, Morrison's is expected to report underlying sales growth of 1.1 per cent for the nine weeks to 1 January according to [...]
Disposable incomes grew in November but households will feel the pinch as inflation begins to bite, say experts December 29, 2016 Household disposable incomes have swelled by 4.5 per cent over the last year despite price inflation being at a two-year high. Including bonuses, the average cash families have to splash out on discretionary items stood at £202, up over £9 on the previous year, according to data prepared by the Centre for Economics and Business Research (Cebr) and [...]
Consumers are going to spend a record amount on supermarket premium ranges this Christmas December 13, 2016 Consumers have been preparing to taste the difference this Christmas as they stock up on supermarkets' premium own label brands. Data from Kantar Worldpanel showed that during the three months to the end of 4 December, shoppers spent 13 per cent more on brands such as Tesco Finest and Asda Extra Special than they did the year before. Read more: These [...]
Photo-Me beams over a successful six months as investment in new areas pays off December 9, 2016 Photo-Me International is all smiles after it outperformed in its half-year results. The figures The photo booth operator’s revenue grew to £110.6m, up 19.2 per cent, or £96.5m at constant currency, up four per cent. Pre-tax profits increased 20.2 per cent to £31m, while rising to £26.9m, up 4.3 per cent at constant currency. As of October, the group had 46,760 units, up [...]
Half of us will buy Christmas dinner at discount supermarkets this year December 7, 2016 Nearly half of us are going to buy our Christmas meal from one of the discount supermarkets this year. Aldi and Lidl have steadily being growing their share of the grocery market as shoppers looking for cheaper and cheaper prices. Read more: Iceland Foods wants "peaceful coexistence" with Iceland (the country) But, the discounters have [...]
Cost of the Christmas shop will be lower than it was three years ago December 5, 2016 Despite the worries about rising prices post-Brexit, the family Christmas shop is set to be cheaper this year than it was three years ago. Figures from the British Retail Consortium (BRC) and Nielsen showed that shop prices fell 1.7 per cent in November; the same level of deflation reported the month before. Read more: Chilly weather's [...]
The cost of Christmas dinner has dropped 10 per cent since 2009 November 30, 2016 Inflation may be creeping up, but the price of your Christmas dinner isn't – in fact, this year's festive feast may be cheaper than ever before, after a new study suggested its price has fallen 10 per cent since 2009. Good Housekeeping's Christmas index found the cheapest place to buy turkey and all the trimmings [...]
Black Friday: These are the top selling items at John Lewis right now November 25, 2016 John Lewis opened its stores at 8am this morning and has been selling items at Black Friday prices since midnight – here are the products people are loving: Sonos Play 1 is the biggest seller in tech The Legos Simpsons house is the best-selling item by value Marc Jacobs perfume has had the most units [...]
These are Amazon’s best Black Friday deals – get Amazon Fire TV Sticks, Amazon Echos, Sony PlayStation 4, Le Creuset casserole dishes and more November 25, 2016 Yes, it's here everyone! It's Black Friday. Brits are going to spend more than £2bn this year as they pile into shops to bag up electricals and other Christmas gifts. The retailers are promising bigger cuts than ever, with John Lewis committing to price match its rivals throughout the day as they slash their prices. And if [...]