Further price rises loom over shoppers after Coca Cola and Unilever reveal hikes July 27, 2022 Shoppers are set to face further wounding price increases in the coming months, as some of the world’s largest consumer goods giants admit that more cost hikes will be passed on to shoppers. Retail chiefs have warned more price increases are on the way, with the British Retail Consortium (BRC)’s Helen Dickinson admitting households and [...]
Searches for ‘Cancel Amazon Prime’ skyrocket 537 per cent after company hikes UK price from £79 to £95 July 26, 2022 Following Amazon’s announcement that it is increasing the price of their Amazon Prime subscription, searches for ‘Cancel Amazon Prime’ increased 537 per cent today. Searches to cancel Amazon Prime subscriptions skyrocketed after it was announced Amazon are increasing the monthly cost of Prime from £7.99 to £8.99, the first price increase since 2014, cybersecurity firm [...]
Scorching summer boosts grocery sales but volumes dip amid cost of living crunch July 26, 2022 Total till grocery sales were elevated this month as sweltering summer temperatures encouraged shoppers to spend more at the supermarket. According to NielsenIQ data, total till grocery sales were up 4.4 per cent in the four weeks to 16 July, with sales up 5.6 per cent in the last week when scorching weather started. Price [...]
Amazon says inflation and operating costs force e-com giant to hike price of Prime subscription for UK customers July 26, 2022 Amazon has confirmed it plans to hike the price of its Prime delivery and streaming service due to “increased inflation and operating costs”. The technology giant offers free unlimited delivery, entertainment streaming and live sport through the Prime service. It said it will increase the price of Prime from £7.99 each month to £8.99 from [...]
Ocado losses swell as shoppers add less items to their baskets amid cost of living crunch July 21, 2022 Ocado has posted swelling losses after shoppers have added less items to their shopping baskets following the cost of living crunch and easing of lockdown restrictions. Losses widened to £211m, from £27.9m the year prior, for the six month period to 29 May, as customers tightened their purse strings as inflation surged past new 40-year [...]
Innovation can save our food system from climate threats July 21, 2022 ON TUESDAY, people in the UK experienced the hottest day on record. For those living in cities, there were sweltering commutes, walks through parched parks and a newfound gratitude for office air conditioning. Overnight rain broke some of the heat. But further afield, the National Farmers’ Union is warning of lower crop yields as a [...]
Consumers turn to instant noodles in cost of living crunch, says Premier Foods boss July 20, 2022 Shoppers are increasingly turning to budget meals amid the cost of living crisis in the UK, the boss of consumer goods giant Premier Foods said today. The popularity of its instant ramen brands Nissin and Batchelors, which own Cup Noodle and Super Noodles respectively, in the second quarter of this year have jumped, as household [...]
Inflation expected to soar above eye-watering 40-year highs as cost of living onslaught deepens July 19, 2022 When official figures lay bare the extent of the mounting cost-of-living crisis on tomorrow morning, UK inflation is expected to soar even further above current eye-watering 40-year highs. The latest figures from the Office for National Statistics (ONS) will show Consumer Prices Index (CPI) inflation rose to at least 9.3 per cent in June, up [...]
Supermarket shoppers face £454 extra to yearly grocery bill as inflation bites July 19, 2022 Shoppers are now facing a £454 increase to their annual supermarket bills, with grocery price inflation edging towards the highest level since 2008. According to the latest numbers from Kantar, grocery price inflation now sits at 9.9 per cent for the past four weeks. This marks the second highest level of inflation seen since 2008, [...]
Dark clouds gather over the City as staggering 136 London-listed companies issue profit warnings July 18, 2022 As cost inflation bites and more and more Brits start thinking about their spending, a growing number of London-listed companies have issued a series of profit warnings this year. In fact, the number of firms which issued the warnings – always a headache for shareholders – jumped by 66 per cent in the first six [...]