Falling price of butter leads the way as grocery inflation drops again October 10, 2023 Grocery price inflation has fallen again with the average price of a pack of butter now 16p less than a year ago, figures show. Prices across grocers were 11 per cent higher than a year ago for the four weeks to October 1, down from the previous month’s 12.2 per cent, analysts Kantar said. It [...]
Explainer-in-brief: The Black Sea grain deal is in jeopardy after Russia’s exit November 2, 2022 Three more vessels carrying grain left Ukraine yesterday – despite Russia’s withdrawal from the deal that was allowing stocks to leave through the Black Sea. Russia has exited the deal claiming Ukraine is using the safe corridor to attack its ships. Ukraine, the UN and Turkey are left with coordinating new shipments, in the hope [...]
The Savoy Hotel feels the pinch as London’s luxury market gets even more competitive August 28, 2024 The Savoy Hotel is feeling the impact of an increase in competition in London’s luxury hotel market after its pre-tax loss widened during 2023, it has been revealed. The hotel has reported a loss of £17.9m for its latest financial year, having also made a pre-tax loss of £12m in 2022, according to newly-filed documents [...]
McDonald’s salad supplier Agrial loses custom after price increases August 27, 2024 McDonald’s salad supplier Agrial Fresh Produce has cut its loss thanks to price increases after what it described as three years of “upheaval” due to labour shortages and soaring costs, according to newly-filed documents. The Staffordshire-headquartered company, which also owns the pre-packed salad brand Florette, cut its pre-tax loss to £5.5m in 2023 – an [...]
UK mortgage holders will see payments rise to 30 per cent of their income, Barclays boss warns May 24, 2023 UK mortgage holders will see their monthly payments jump to up to 30% of their income from about 20% over the past few decades, the boss of Barclays has said. CS Venkatakrishnan, known as Venkat, said the sharp rise in interest rates will lead to a “huge income shock” by the end of next year. [...]
UK economy’s recovery from pandemic stronger than first thought August 7, 2024 The UK economy recovered from the pandemic faster than had previously been thought, new revisions from the Office for National Statistics (ONS) show. In the latest set of Blue Book revisions, the ONS upgraded their estimate for GDP growth in 2022 from 4.3 per cent to 4.8 per cent. This upgrade was a “little larger” [...]
M&S shares: Retailer set to take Christmas crown after bumper festive season January 8, 2024 M&S will update investors on Christmas trading on Thursday as the high street darling is expected to once again dazzle markets with a stellar performance.
South Bank: US developer plans three new skyscrapers by Blackfriars Bridge August 7, 2023 The South Bank may be set for three more skyscrapers after US property developer Hines submitted plans for an underdeveloped site near Blackfriars Bridge.
Skyscanner reveals best place for sunny November holiday in Europe November 7, 2023 Skyscanner has chosen the best place for a November holiday in the sun
Ocado not for you: Three reasons why online grocer’s results may not be as bad as they seem February 28, 2023 Ocado’s crown as the online food retailer which keeps the middle classes stocked in organic essentials has been threatening to slip for a while now. As one of the companies which sits at the ‘higher-end’ of the online supermarket price point the rising cost of living, not to mention higher mortgage interest rates, was expected [...]