Inflation

Food Prices Squeeze Consumers In June, Hot Weather Boosts Summer Spending: BRC

Unusually hot weather boosted sales of sun screen and barbecue food in Britain last month, a British Retail Consortium survey showed on Tuesday, but consum...

Ocado Launches First Robotic Warehouse In Asia With Aeon

British online supermarket and technology group Ocado said on Monday its first robotic warehouse in Asia, built for Japanese partner Aeon, has gone li...

M&S Food Makes Good Start To New Financial Year, Says Boss

British retailer Marks & Spencer's food business has made "a good start" to its 2023-24 financial year, the group's boss told investors...

Sainsbury's Says UK Food Inflation Falling As Sales Rise

Sainsbury's, Britain's second largest supermarket group, said on Tuesday food inflation was starting to fall as a return to volume growth helped power a 9....

Panasonic Needs Four More EV Battery Plants, Executive Says

The battery arm of Japan's Panasonic will need to build four more factories to reach its target for a sharp boost in annual capacity of batteries for elect...

Britain's Tesco Launches New Round Of Price Cuts

Tesco, Britain's biggest supermarket, cut the price of more than 500 essential items on Friday, in the latest sign that a surge in grocery inflation will m...

Britain's Ocado Follows Rivals In Cutting Some Prices

Ocado Retail has followed rivals by cutting prices of some essential items, adding to hopes a surge in food inflation will moderate this year and provide r...

General Mills Forecasts Dour Profit As Price Hikes Impact Demand

General Mills' full-year profit forecast on Wednesday came in largely below analysts' estimates as the US packaged food maker battles with slow demand for...