All Inflation articles – Page 29
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NewsVimto maker Nichols back in the black but inflationary pressures persist
Soft drinks group Nichols has returned to the black thanks to a 14.3% jump in sales, with Vimto selling particularly well overseas. However, chairman John Nichols warned ongoing inflationary pressures continued to make life difficult in 2023.
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NewsNFU launches growth strategy to keep fruit & veg on shelves
The strategy has set out 10 policies that will underpin the success of the sector, enable long-term growth and ensure the fresh supply of produce
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NewsM&S to raise shopworker pay for third time in 18 months
The latest rise is a £57m investment in shopworker pay, according to M&S
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NewsMedia Bites 1 March: Ocado, Sainsbury’s/Argos, grocery inflation
Annual losses at Ocado have skyrocketed as shoppers cut back on online grocery purchases and costs were driven up by inflation and technology spending
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NewsCity snapshot: Profits and sales jump at Reckitt as prices rise
Annual revenues at Reckitt Benckiser have increased 9.2% to £14.5bn as the Dettol to Durex owner increased prices by almost 10%. Plus, the latest BRC shop price index, and annual results from Vimto owner Nichols, Just Eat Takeaway and Glanbia
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NewsTesco launches Premium meal deal at £5 for Clubcard holders
The deal, which will sit alongside its existing standard meal deal, incudes brands such as Itsu, Yo Sushi and Pollen & Grace
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Comment & OpinionSupermarkets have broken the fresh supply chain. The solution is in their hands
The answer to these shortages lies solely in the hands of retailers, says Ged Futter, director, The Retail Mind
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NewsLidl becomes latest retailer to ration fresh produce amid shortages
It follows similar moves by Tesco, Aldi, Asda and Morrisons, which issued buying restrictions on some lines last week in light of empty shelves
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NewsCity snapshot: ABF issues profits upgrade as inflation steadies
Associated British Foods has lifted its profit forecasts for the year as inflation becomes less volatile and commodity costs start to decline. Plus, DX group reports strong first half
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Analysis & FeaturesWhy it's so hard to prove profiteering and greedflation in food
Questions have been raised about the legitimacy of supplier price increases. But margins at major fmcg giants are almost universally in decline
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Comment & OpinionWith the King invested in food poverty, it’s time to subsidise redistribution
Surely human consumption is a better social, economic and environmental outcome than anaerobic digestion?
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NewsFruit & veg crisis: farmers slam Thérèse Coffey’s response
Criticism of the Defra secretary comes amid myriad crises across British food production
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Analysis & FeaturesWhy fruit & veg shortages are only a tiny bit about Brexit
The British Retail Consortium cited “difficult weather conditions in the south of Europe and northern Africa”, which had disrupted harvests for products such as tomatoes and peppers. But critics have pointed to plentiful produce elsewhere in Europe
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NewsCity snapshot: Price rises lift sales at Danone but margins fall on higher costs
Danone has boosted annual revenues on the back of higher prices but soaring costs squeezed the French food group’s profit margins. Plus, a pre-close trading update from Science in Sport.
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NewsWholesale fruit & veg prices soar amid shortages in supermarkets
According to data from Nationwide Produce, the spot price for boxes of some vegetables are up two or three times as much as the normal rate
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Guide ToThe Grocer Guide to Cheese
Despite the turbulence within the cheese category, suppliers have their eyes on the key drivers of convenience and snacking as a way to ride out the current inflationary environment, creating NPD to suit these needs. Discover how they are adapting to the current environment and how innovation ...
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NewsMorrisons launches third wave of price cuts this year
The move follows cuts across more than 800 products last month
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NewsTesco gives third pay rise in 10 months but cuts Sunday premiums
The 7% rise in base pay will come in early, from 2 April, said Tesco, to help colleagues facing the cost of living crisis
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NewsHenry Dimbleby: case for free school meals ‘irrefutable’ after £130m intervention
The mayor’s office said it is estimated the one-off funding could help more than 270,000 children in the capital during the 2023-24 academic year
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NewsAsda moves from bottom to top of supermarket pay league with 10% increase
Asda stressed the new rates exceeded national living wage and real living wage rates. The move follows an 8% pay increase for hourly-paid retail roles during 2022