Inflation

Ahold Delhaize Hopes To Boost Earnings As It Invests In AI

Ahold Delhaize has announced that it expects to grow underlying earnings per share and increase savings over the 2025-28 period.

Irish consumer sentiment has fallen for the fourth month in a row as continued pressure on the cost of living weighed on consumer thinking.

Grocery inflation in the UK fell for the 15th month in a row in May to reach 2.4% – its lowest level since October 2021, according to Kantar.

UK shoppers spent a total of £50.2 billion on FMCG products in the first quarter of 2024, according to data published by NIQ last week.

The chief executive of Tesco’s pay package doubled in the 2023/24 financial year to almost £10 million, it was reported on Tuesday.

Lidl UK has said it will raise wages for staff by 3% in June, which will give workers in the discounter their third pay rise in 12 months.

Hershey exceeded Wall Street expectations for first-quarter sales and profit on higher prices and steady consumer demand.

Monster beverage has reported a 12% jump in first-quarter sales on resilient demand for the company’s energy drinks and easing freight costs.

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