Cost of Christmas turkey rising fast as inflation pushes up food prices December 7, 2021 The cost of a typical turkey Christmas dinner has risen by 3.4 per cent as rocketing inflation pushes up food prices, according to new figures. Kantar said this morning that the average cost of a Christmas meal for four, with a frozen turkey and all the trimmings, is now £27.48. The figures show wider grocery [...]
Thousands of Tesco distribution workers to strike before Christmas as unions warn of empty shelves December 6, 2021 Thousands of disgruntled Tesco distribution workers across the country are to strike in the run-up to Christmas. Up to 5,000 Tesco workers in the Union of Shop, Distributive and Allied Workers (Usdaw) could take part in industrial action while some 1,200 workers in union Unite are also preparing to strike. Members of both unions are [...]
The supermarket wars are in full swing and Tesco is beefing up to fight its turf December 1, 2021 I last saw Sir Terry Leahy in 2013, two years after his messy divorce from Tesco. He agreed to a chat about retail on the condition he wouldn’t have to talk about the supermarket juggernaut he helped to create or his successor, Philip Clarke, who’d begun to question the state of the business he’d been [...]
Mel Stride MP urges chancellor to slash taxes to ease cost of living crisis November 29, 2021 The chairman of an influential group of MPs that scrutinises the spending plans of the government has told Tory chancellor Rishi Sunak to slash taxes to ease the cost of living crisis looming over Brits. Speaking to the PA news agency, Conservative MP Mel Stride, who chairs the Treasury Committee, called on the chancellor to [...]
All Bar One and Harvester owner struggles to shake Covid losses November 25, 2021 The owner of All Bar One, Harvester and Toby Carvery - Mitchells & Butler - has today announced lacklustre financials for the year.
Millions of Brits plunged into financial crisis by whirlpool of inflation and swelling energy bills November 25, 2021 Swelling energy bills, soaring inflation and stinging food costs have plunged millions of Brits into a winter financial crisis, reveal new figures released today. 3.2m poorer households who rely on wafer thin budgets to meet the cost of living will be unable to pay for basic things, research by Citizens Advice, the charity that supports [...]
Catering giant Compass restarts dividend payouts as easing restrictions give profits a lift November 23, 2021 Catering giant Compass said this morning that, despite labour shortages and rising costs, it has restarted shareholder dividend payouts as annual profits jumped higher thanks to easing pandemic restrictions. The world’s biggest caterer saw pre-tax profits more than double to £464m in the year to September 30 from £210m the previous year. Results were bolstered [...]
Retail sales jump by modest 0.8 per cent in October November 19, 2021 UK retail sales rose in October, ending a five-month run of falling or flatlining sales, according to official figures. The Office for National Statistics (ONS) said retail sales volumes rose by 0.8 per cent last month compared to September, following no movement between September and August. The ONS said non-food stores were the only main [...]
Shortage warning: Greggs stores ‘may not have’ vegan sausage rolls November 17, 2021 Fast food chain Greggs has warned its popular vegan sausage roll is among products to have experienced “temporary interruptions” in supply. “Some shops may not have them or may not have them throughout the day. It varies,” a Greggs’ spokesperson told news agency Reuters. The vegan alternative has become a beloved staple of the bakery [...]
Premier Foods leave sour taste with declining revenues November 16, 2021 Premier Foods has suffered a decline in revenue and operating profit in its half-year results. The owner of beloved household brands such as Mr Kipling, Ambrosia, Angel Delight, Sharwoods, and Oxo has left investors with a sour taste in their mouths as earnings per share have halved since the previous year. In its half-year report, [...]