All Inflation articles – Page 98
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Analysis and FeaturesBudget 2021: food and drink industry has its say
Reactions from industry to Chancellor Rishi Sunak’s Budget announcements have been largely positive, praising the relief action taken to ease pressure on businesses after nearly two years of pandemic-related squeezes
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Comment and OpinionWhat we learned in the Autumn Budget 2021: from business rates to alcohol duty reforms
Business rates will be cut but not overhauled, while alcohol duty is in for a more radical reform
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NewsEnergy price hikes proving ‘painful’ for wholesalers
The Federation of Wholesale Distributors said members’ energy costs had increased by between 50% and 250% in October
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NewsFood prices climb higher as soaring costs slams industry
Food inflation has ramped up to its highest level since November 2020 as spiralling costs led to higher prices on supermarket shelves, with fresh food becoming more expensive for the first time in ten months.
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NewsMedia Bites 27 Oct: THG, Reckitt Benckiser, Morrisons
Another £1bn was wiped off THG’s market value yesterday as investors seized on signs of slowing growth and margin pressure
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NewsCity Snapshot: Heineken warns of price rises as it battles on several fronts
Dutch brewing giant Heineken is the latest fmcg group to warn of higher prices in the face of rising costs and supply chain challenges as volumes slumped in its third quarter. Plus, Morrisons shares have been delisted from the London Stock Exchange, with a number of the board stepping down; food inflation accelerates in October; and Kerry Group updates on Q3.
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Comment and OpinionHow to break the cycle of short-term pressure dictating the food system
It’s time to reimagine the UK food supply chain and invest in new technologies and facilities, says SmartParc’s Jackie Wild
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NewsCity snapshot: Reckitt raises sales expectations as cold and flu sales rebound
Reckitt Benckiser has raised its full year revenue forecast after a stronger third quarter than expected as sales volumes and pricing both increased in the period. Plus, THG strenghtens board as third quarter growth slows.
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NewsMedia Bites 25 October: Tesco, Beyond Meat, Sainsbury’s
Tesco has been hit by hackers, leaving thousands of frustrated shoppers unable to buy groceries online at Britain’s biggest supermarket
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NewsNestlé leads the pack of consumer giants growing despite inflation
Global fmcg players proved this week mounting inflation is not necessarily a barrier to growth, but warned that consumers will have to get used to higher prices
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NewsKanes Foods reports £12m pandemic hit but says sales have bounced back
Salad bowl and prepared veg supplier Kanes Foods suffered a £12m drop as the pandemic ravaged the food-to-go sector, but is now trading above pre-Covid levels
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NewsLabour and supply chaos reflected by profit warning hike
Overall, 65% of consumer-facing profit warnings cited cost or supply issues in the third quarter
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NewsMedia Bites 22 Oct: Unilever, Just Eat Takeaway.com, Fuel crisis
Unilever has warned that inflation could worsen next year as raw material and energy costs push up the prices of its food, toiletries and cleaning products (The Guardian). Unilever pushed up prices for its products by more than 4% in the third quarter as the global consumer ...
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NewsCity snapshot: Unilever sales volumes fall as it hikes prices
Unilever’s underlying growth fell back to 2.5% in the third quarter as sales volumes fell back as the consumer giant hiked prices. Plus, Pernod Ricard rebounds on hospitality reopenings and all the rest of the latest news from the City.
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NewsMedia Bites 21 October: Nestlé, Asda/EG, THG, Deliveroo
Nestlé upgraded its full-year sales guidance for the second time after the world’s largest foodmaker pushed up prices for products from pet food to ice cream (The Financial Times £). The Lex column in The Financial Times (£) says “a focus on premium products should help Nestlé ...
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Comment and OpinionThe agile giants: how Nestlé and P&G demonstrate the power of being big
Two of the fmcg market’s largest players have provided further evidence of the growing benefits of scale
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NewsCity Snapshot: Nestlé enjoys ‘strong’ organic growth thanks to price hikes and return of OOH
Rising prices, continued elevated demand at supermarkets and a recovery in the out-of-home channel has helped Nestlé boost organic growth by 7.6% in the first nine months of 2021. Plus, Deliveroo updates on Q3; and UK inflation rate slows down in September.
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NewsMedia Bites 20 Oct: P&G, Morrisons, Gorillas
Procter & Gamble has said it will raise prices on more household goods, warning that supply chain costs would be higher than previously anticipated
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NewsProfit warnings rise in grocery industry as supply chain challenges bite
Profit warnings by UK listed companies in consumer-facing sectors, including retail and grocery producers, accounted for more than a third of those issued between July and September
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NewsCity snapshot: Grocery growth falls back as consumers tighten belts amid wider inflation
Grocery sales fell 0.7% in the four weeks to 9 October as UK consumers rebalanced spending priorities amid rising energy and fuel costs, according to Nielsen. Plus, McBride issues further profits warning on mounting costs.