All Inflation articles – Page 12
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News
City snapshot: Food prices fall for first time in two years
Food prices have fallen for the first time in two years in September to keep the overall UK rate of inflation steady at 6.7%. Plus, Just Eat Takeaway lifts annual profit forecasts and Cake Box issues a first-half trading update.
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Food producers lower prices at fastest rate for three years
Prices charged by food and drink manufacturers fell at the fastest rate in more than three years in September, raising the prospect that inflation is set to ease significantly in the coming months
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Aldi makes nearly 50 products cheaper in latest round of price cuts
The list includes cheese, butter and poultry, as well a range of cleaning products and household essentials
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Quorn owner hit by cost hikes and falling demand in meat-free
Quorn parent Marlow Foods has plunged into the red as soaring costs, falling demand for plant-based in supermarkets and one-off redundancy charges hit the Monde Nissin-owned group.
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Heinz profits increase despite Tesco dispute
Heinz has recorded bumper profits in the year it pulled products from Tesco shelves after a row over price rises.
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AHDB reveals proposed levels of increase to its levy rates
The proposals from AHDB’s four sector councils come in the midst of ongoing input inflation across farming
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Moy Park takes major knock to profitability as high inflation bites
The processor said cost rises continued into 2023
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Planning delays slowing growth of free-range egg production
Producers have warned the egg sector is being held back over often unfounded sustainability concerns
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Asda invests further £9m in price cuts as families feel squeeze
The supermarket said it was lowering prices by an average of 14% on many of the most popular products that customers buy each week
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Jamie Oliver and Tesco join forces for advertiser-funded programming
Oliver and Tesco will next week launch Jamie’s 5 Ingredient Meals on Channel 4, which they said was aimed at helping consumers buy less food in their weekly shops
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Aldi sells most British apples of all UK supermarkets
While Aldi only holds 10.2% of grocery market share, it sold 23% of all British apples last year, representing the greatest volume of any UK supermarket
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FareShare leads protests amid food surplus ‘success story’ claim
Latest figures from Wrap show the total amount of food redistributed last year increased by 27%, or around 29,000 tonnes, compared with 2021
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Whitby merger could push up prices and reduce quality, CMA finds
The CMA said the deal between the two largest scampi suppliers in the UK could result in a ’substantial lessening of competition’
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Tesco has halved price gap with Aldi, claims boss Ken Murphy
Tesco launched its Aldi Price Match scheme in March 2020 and is now matching Aldi on 650 products, with a further 1,500 pinned to B&M and Home Bargains
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Pilgrim’s UK hails bounceback as losses shrink
The pork giant saw operating losses fall from £16m in 2021 to £2.26m last year, its latest accounts have shown
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Inflation and cost of living send Mindful Chef to steeper losses
Losses have widened at Mindful Chef as a squeeze on consumer spending and inflation dampened demand and hurt margins.
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Groceries Code Adjudicator accuses supermarkets of ‘warfare’ on suppliers
Mark White today published a “deep dive” report into views of suppliers about the conduct of supermarkets under GSCOP
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Minette Batters to stand down from NFU presidency in February
Batters described her move as a ‘tough decision’ in her opening message in the October NFU Magazine
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David Potts steps down at Morrisons as Carrefour chief is named new CEO
US owners Clayton Dubilier & Rice (CD&R) revealed it had appointed Rami Baitiéh, formerly chief executive of Carrefour France, as its new boss