Cost-Of-Living Crisis

Aldi UK's December Sales Up 26% As Shoppers Seek Savings

Aldi UK said its sales in December rose 26% compared to the previous year, reflecting the opening of new stores and consumers' search for savings in a cost...

Britain’s Broken Egg Industry Shows The Price Of Food Inflation

In Britain, the damage wrought by rampant inflation can be seen in the fate of the humble egg with farmers saying what they get paid is no longer enough, u...

UK Consumer Spending Fails To Keep Pace With Inflation, Surveys Show

British consumer spending ticked up last month at a rate that greatly lagged behind inflation, according to surveys on Tuesday that underscored the pressur...

Sainsbury’s To Invest An Additional £50m To Manage Rising Prices

UK retailer Sainsbury’s has announced that it is to invest a further £50 million by March 2023 to help customers cope with rising prices.

Cost-Of-Living Crisis Casts Shadow Over Europe's Black Friday

Europe's retailers are hoping Black Friday discount day will get shoppers spending, though it is taking place against a backdrop of a worsening cost-of-liv...

Tesco Offers Salary Advance To Help Staff Navigate Cost-Of-Living Crisis

Tesco, Britain's biggest retailer and one of the country's largest private-sector employers, is offering its staff advances on their pay to help them navig...

UK's Sainsbury's Sticks With Outlook Despite First-Half Profit Fall

Sainsbury's, Britain's second-biggest supermarket group, kept its financial guidance for this year despite reporting a 8% fall in first-half profit,&n...

Ukraine Grain Export Deal Back On As Russia Resumes Participation

Russia said on Wednesday it would resume its participation in a deal to free up vital grain exports from war-torn Ukraine after suspending it over the week...