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 [...]
Hunt readies for biggest budget since Cameron and Osborne’s first outing November 15, 2022 Thursday’s budget (okay, Autumn Statement) is the biggest since David Cameron and George Osborne’s first statement in 2010, just after they seized the keys to number 10 (with a little help from the Liberal Democrats) from Gordon Brown’s Labour. Chancellor Jeremy Hunt faces a daunting task. Weaker than expected economic growth, high inflation and a [...]
Sainsbury’s now using imported Italian eggs amid ‘supply challenges’ November 14, 2022 Sainsbury’s is now importing its eggs from Italy due to a supply crisis sparked by the avian flu outbreak. The supermarket giant admitted it and other rivals are “experiencing some supply challenges with eggs”, after a report on Friday outlined the staple food had soared in price. One Twitter user shared an image of eggs [...]
Primark website crashes on first day of click and collect trial November 14, 2022 Primark’s first foray into online shopping hit a hurdle on Monday morning as the high street name’s website crashed. The budget apparel seller has launched a trial in 25 stores in north-west England and north Wales, for children’s clothes to begin with. “We’re working hard to address this to ensure that everyone can access and [...]
Financial Markets Wrap-Up November 11, 2022 Well, were at the end of another interesting week of trading. We started the week with some poor Chinese trade data, coupled with a back track on rumours from the previous week that covid restrictions would be loosened which kicked us off with a slightly negative start but the action for the week was never [...]
Egg-istential crisis: Shops ration staple as inflation, supply woes drive up price November 11, 2022 Supermarkets are rationing sales of eggs as problems with supply chains are leaving soaring prices and empty shelves. The staple food is experiencing a rise in price due to inflation and a shortage, owing in part to recent orders to house all poultry in doors due to a huge surge in avian flue. Steven Dresser, [...]
Confidence at all time low: Soaring costs force half of food manufacturers to cut investment November 11, 2022 Rising input costs have forced almost 50 per cent of food and drink manufacturers to cut investment, a new report reveals today. The Food and Drink Federation (FDF)’s research outlines that 40-year-high inflation is forcing companies to scale back plans for growth, with rising costs increasing by an average of 21 per cent this year. [...]
Government goes head to head with Britain’s nurses: ‘Simply not affordable’ November 11, 2022 Prime Minister Rishi Sunak has dismissed pay demands from unions representing nurses across Britain, calling them “simply not affordable.” His remark comes as the threat of strike action that will hit operations and appointments looms. Sunak said he shared the public’s “respect and gratitude” for nurses, and that he was pleased the Health Secretary was [...]
Sunak must choose between protectionism or global strength to remake Britain November 11, 2022 Sunak must reunite both party and country, which is in need of strong direction and thoughtful leadership.
Domino’s pins hopes on World Cup boost and Just Eat tie-up after VAT hit eats away sales November 10, 2022 Domino’s Pizza said this morning the company saw sales fall after a VAT hit and as it came up against last year’s boost from the Euro football tournament, but is eyeing a strong end to 2022 amid the upcoming World Cup. The UK and Ireland takeaway pizza giant saw like-for-like system sales, excluding so-called split [...]