Inflation

Lower Inflation Lifts UK Consumer Sentiment To A Two-Year High

British consumers are their most confident since January 2022 as lower inflation helped them to feel better about their finances, a survey has revealed.

UK Food Prices To Keep Rising Through 2024 Industry Researcher Warns

British food and drink prices will continue to rise in 2024, contributing to an extended cost-of-living crisis, a prominent grocery industry researcher sai...

US Consumer Spending Slows In October

US consumer spending rose moderately in October, while the annual increase in inflation was the smallest since early 2021, signs of cooling demand that cou...

UK Retailers Turn A Bit More Hopeful Despite Sluggish Sales, CBI Says

British retailers turned slightly more optimistic about the outlook for their businesses in the coming months but sales continued to fall in November ahead...

Mr Kipling Maker Premier Foods Raises Profit Forecast, Cuts Prices

Britain's Premier Foods raised its profit forecast for the year and said that it would cut prices of some of its popular products helped by easing costs, l...

Hapag-Lloyd Posts 77% Drop In Nine-Month Net Profit, Cuts Outlook

German container shipper Hapag-Lloyd recently posted a net profit of €3.2 billion for the first nine months of 2023, down by 77% from a year earl...

Maersk To Cut 10,000 Jobs, Sees Weaker Full Year Profit As Shipping Demand Wanes

Shipping group A.P. Moller-Maersk recently reported a steep drop in profit and revenue in the third-quarter, and said it would cut 10,000 jobs as it b...

Starbucks Gets Sales Bump From US Demand For 'Affordable Luxuries'

Starbucks beat Wall Street targets for fourth-quarter sales and profit as robust demand for its pricey coffees and cold drinks in North America offset a fe...