FTSE 100 Live: London markets open higher as Travis Perkins issues profit warning June 16, 2023 FTSE 100 opened higher on Friday on a boost from energy and mining stocks, despite a profit warning from Travis Perkins.
Tesco: ‘Encouraging signs inflation is starting to ease’ as quarterly revenue tops £14.8bn June 16, 2023 Britain’s biggest supermarket Tesco has reported a nine per cent increase in UK sales, with its new chief executive saying there are “encouraging early signs that inflation is starting to ease”. Tesco said it reported £13bn in sales across the UK and Republic of Ireland, up almost nine per cent on the previous quarter. In [...]
Cost of pasta bake, fish finger supper and spag bol up 27 per cent, Which finds June 16, 2023 The cost of popular family meals such as pasta bake, fish fingers, chips and beans, plus home-made spaghetti bolognese has increased by up to 27 per cent over the last year, figures show. Which found the prices of pasta sauce, penne pasta and cheddar cheese to make a quick pasta bake for four people have [...]
Tesco prepares its quarterly results as UK competition regulator circles supermarket June 11, 2023 Tesco is set to report its first quarter trading results on Friday as the UK’s competition regulator circles the country’s largest supermarket chain over concerns about its pricing strategies. Last week, it emerged that consumer goods champion Which? had reported Tesco to the Competition and Markets Authority (CMA) over claims that it does not display [...]
Searches for pools up 438 per cent as millions of burgers and sausages to be sold for first BBQ weekend June 9, 2023 The sale of barbecue food, ice-cream and inflatable pools have skyrocketed, as Brits prepare for the first BBQ weekend of the summer. Supermarkets Tesco, Asda and Sainsbury’s have all reported huge spikes in the sale of meat, as millions will enjoy the hot weather and have the first barbecue of the summer. This comes after [...]
Don’t trust every “recyclable” logo you see: greenwashing is rife in construction too June 8, 2023 If you think greenwashing is limited to retail or fashion, think again. It's rampant in the construction industry. So buying the right materials requires a lot of diligence, writes Victoria Brocklesby
Explainer: What’s behind a potential price cap on essential food June 5, 2023 Now, it’s been so long it’s almost hard to remember when it started, but the price of pretty much everything has been going up in the UK for months on end. Food was always the most painful item area to go up in price – with the “eat or heat” tragic dichotomy predominating last winter. [...]
Craft breweries battered by soaring operational costs June 5, 2023 Soaring operational costs and a greater competition between brands have battered the UK’s brewery industry with the number of beer factories going under tripling over the past year. The number of breweries which have become insolvent has risen from 15 to 45 over the last year, new figures out from audit, tax and advisory firm [...]
Retailers urge rethink on net zero ‘grocery tax’ as public blame Brexit for rising costs June 4, 2023 Top retailers have urged the government to rethink plans for green levies to fund the recycling of food packaging in a bid to avoid a further rise in spiralling food costs. The British Retail Consortium (BRC) has warned the scheme, dubbed the ‘net zero grocery tax’, could push up shopping bills by up to £4bn [...]
Auto Trader still motoring despite ‘fly in the ointment’ Autorama losses June 1, 2023 Auto Trader saw group operating profits dip 9 per cent this morning, down from £303.6m to £277.6m in its full year results, but saw a spike in sales of 16 per cent on the back of strong demand. The car trader saw revenues up 9 per cent, and said it had resisted a tough economic [...]