Record temperatures boost Sainsbury’s sales but store infrastructure feels the heat June 30, 2026 Sainsbury’s recorded a rise in sales in the first financial quarter, as the May heatwave and a run of public holidays boosted sales but caused its fridges and freezers to break down. Total sales rose 3.1 per cent year on year to £3.1bn, bolstered by a five per cent hike in fresh food purchases, as [...]
Miliband would be ‘disaster’ as Chancellor, says Labour cost of living chief June 26, 2026 Keir Starmer’s cost of living champion has warned that Ed Miliband would be a “disaster” as Andy Burnham’s Chancellor. Lord Richard Walker, who is also executive chairman of budget supermarket Iceland, told BBC Newsnight that the current energy secretary’s net-zero policies are putting an undue burden on household bills. He said: “Climate change is real, [...]
As it happened: Stocks tumble after Apple rattles global markets; UK food exports hit by US tariffs June 26, 2026 Welcome back to the City AM liveblog. Markets are digesting fresh inflationary fears driven by Apple’s price hike as well as renewed threats over the safety of the Strait of Hormuz this morning after a projectile struck a vessel off the coast of Oman. Asian equity markets took a tumble overnight as price increases announced [...]
The world needs an answer on climate finance – it’s London June 22, 2026 The UK is the largest market globally for project-level financing for clean energy, the biggest in Europe for private investment in green tech, and has topped the global green finance centre rankings for eight consecutive edition, says Dame Susan Langley As the City of London Corporation marks the fifth instalment of the Net Zero Delivery [...]
Kaleb Cooper: Brits don’t care about the price of milk June 19, 2026 Brits don’t care about the price of milk, Kaleb Cooper has said, as he urged shoppers to buy more locally-made produce. The Clarkson’s Farm star told City AM that farmers would be “very, very grateful” for price rises if passed on to producers amid a battle to stay profitable in the face of higher costs. [...]
Tesco fuel sales drag up slowing growth June 18, 2026 Tesco has revealed a nearly 20 per cent boost in fuel sales as the Iran war sends petrol prices soaring, dragging up otherwise slowing revenue. The FTSE 100 supermarket saw fuel sales jump by 19.5 per cent to £1.7bn in the three months to May, while total sales growth slowed to one per cent to [...]
Job vacancies fall again in unemployment risk June 18, 2026 Job vacancies available across the UK dropped again, official data revealed, posing a further risk for Britons out of work. The Office for National Statistics said the number of job vacancies fell by 19,000 between March and May. The unemployment rate dropped to 4.9 per cent per cent compared to five per cent in data [...]
Morrisons pushes ahead with convenience store openings after closing 100 June 17, 2026 Morrisons is pushing ahead with an aggressive expansion of its convenience stores, less than a month after it shut 100 loss-making sites. The supermarket opened 30 more Morrisons Daily stores in the last three months and plans to open hundreds more in the coming years. This is despite the grocer saying in May that “significant” [...]
Industry warns Iran war spike to come as food inflation falls June 17, 2026 The surprise drop in food and drink inflation seen in May is likely to be short-lived, as the impacts of the war in Iran are due to take hold, leading industry figures to warn. The rate of inflation of food and non-alcoholic drinks fell from three per cent in April to 2.2 per cent in [...]
Inflation stays below three per cent despite price warning June 17, 2026 Inflation has stayed below three per cent although economists are predicting further price increases later this year. The Office for National Statistics said inflation in the year to May was lower than economists expected with the consumer prices index (CPI) showing a reading of 2.8 per cent. Core inflation, which strips volatile energy and food [...]