Tortilla swings to loss after ‘unprecedented’ food and energy inflation March 27, 2023 Burrito chain Tortilla Mexican Grill has revealed it swung to a loss last year as it came under pressure from “unprecedented” food and energy costs, and avoided raising its prices above inflation. The fast-casual restaurant chain insisted its sales have benefited from consumers opting for value-for-money meals over dining out at restaurants. Its revenues jumped [...]
Krispy Kreme plays down impact of UK rules on unhealthy foods May 16, 2023 The boss of Krispy Kreme doughnuts has shrugged off the impact of new UK regulations on unhealthy food in supermarkets, insisting that consumers could simply be “trained” to look elsewhere in shops for their sweet treats. Major retailers have been banned from placing high fat, sugar or salt items near prominent store locations such as [...]
How The Maldives are properly celebrating their food culture December 12, 2022 On The Maldives, local cuisine is finally being properly celebrated. Angelina Villa-Clarke jets in to eat local delicacies including mud crabs I’m sat high in the treetops, hidden amongst the oversized leaves of banana trees. Flickering candles light the tables but, mostly, the scene is illuminated by the night sky, ablaze with an eternity of [...]
Say bye to fake burgers: lab-grown meat will be the rising star of the food revolution September 5, 2023 The real deal with meat alternatives will be lab-grown meat. It could change the rules of the food game once it enters the UK market, writes Phoebe Arslanagic-Wakefield
CMA to probe if ‘failure in competition’ is seeing consumers overcharged for food and fuel May 15, 2023 The Competition and Markets Authority (CMA) today announced it will investigate whether a “failure in competition” is seeing consumers overcharged for groceries and fuel. The watchdog said it would be stepping up its work in the grocery sector to determine whether a “failure in competition is contributing to grocery prices being higher than they would [...]
Lord’s cricket ground to open its doors to food festival in autumn May 4, 2023 Sports stadiums such as Lord’s can gather dust for much of the year. Whether to do with the length of the off-season, the time between home matches or the circumstances surrounding a given season, venues often need to be used for non-sporting purposes to ensure they turn a profit throughout the calendar. Some turn into conference [...]
Food inflation cools but Russia’s exit from grain deal poses threat to prices August 29, 2023 Food inflation cooled once again in August, new figures out today show, in a sign that cost of living pressures in the UK are gradually starting to ease. Food inflation fell to 11.6 per cent in August, down from 14.3 per cent in July, according to fresh figures from the British Retail Consortium (BRC). However, [...]
Whole Foods: Inflation takes bite out of Amazon owned grocery store June 25, 2023 The Amazon-owned UK division of Whole Foods has seen a rapid decline in earnings for the year as soaring inflation makes Brits hesitant to fork out on its pricey goods. Whole Foods UK reported operating losses of £26.9m up from £17.2m the prior year and its sales also fell to £91.6m down from £94.3m. Amazon [...]
Mr Kipling owner Premier Foods picks up breakfast brand in £34m deal October 30, 2023 Premier Foods is expanding into the breakfast scene as it today announced its acquisition of breakfast brand FUEL10K.
Labour City plans like ‘dog food lasagne’: Tories mount defensive in battle for the Square Mile January 31, 2024 The former City minister claimed Labour’s plans for the City are like “dog food lasagne” today as the government looked to fight off a major Rachel Reeves charm offensive on the Square Mile.