Brits blow record £13bn in supermarkets as inflation cools January 3, 2024 Brits spent a record £13.7bn in supermarkets during December, as grocery inflation continues to show signs of cooling.
Aldi and Lidl cash in as Brits clamoured for discounted Christmas January 2, 2024 Aldi was the big winner as the retailer reported its "best ever" festive period, taking in £1.5bn in sales in the run-up to 25 December, across its more-than 1,000 UK outlets.
UK recession forecasts will send ‘chill’ for workers, shopworkers union boss warns December 28, 2023 “It is a disgrace that many are struggling to make ends meet and do not get the respect they deserve. They need a government on their side.”
Sainsbury’s boss: Brits don’t have time to bargain hunt with rivals December 17, 2023 The chief executive of Sainsbury’s has said that customers are shunning the likes of Aldi and Lidl in favour of ‘Big Four’ grocers, as a return to the office and a resulting lack of time has left them unable to shop around for deals. In an interview with The Telegraph, Simon Roberts said that the [...]
Supermarkets in focus of new CMA probe claiming loyalty schemes push up inflation November 29, 2023 It made the announcement following its latest findings from a two-year ongoing investigation of the groceries sector, and its impact on competition and inflationary pressures.
What is going on with Ocado’s share price? November 20, 2023 Ocado has found itself in the spotlight for a host of reasons this year including a rumoured takeover from Amazon and a tiff with M&S.
Mr Kipling owner Premier Foods boosted by falling inflation as sales and revenue jump November 16, 2023 Premier Foods' boss: "We know how challenging the past year has been for many consumers and so it's good to see the rate of input cost inflation falling."
The most affordable Christmas dinner in a cost of living crisis November 9, 2023 Aldi has emerged on top after finance experts uncovered the cheapest supermarket in the UK to purchase your Christmas dinner in 2023.
Falling in time for Christmas: Grocery inflation down to single digits for the first time in 16 months November 7, 2023 Despite the milestone, consumers are only seeing year-on-year price falls in a limited number of categories, including butter, dried pasta and milk.
FTSE 100 close: Gilt yields fall and sterling dips after Pill’s rate cut comments November 7, 2023 The biggest riser on the top index was Primark owner Associated British Foods, which reported revenues up by almost £20bn