Cost-Of-Living Crisis

Morrisons' Quarterly Earnings Halved Amid UK Consumer Crunch

Morrisons has reported a halving of its third-quarter core earnings as underlying sales fell 3.1% against the backdrop of a cost of living squeeze.

Aldi UK Sees Trading Accelerate As Shoppers Seek Savings

Aldi UK reported a 79% slump in 2021 operating profit but said trading had accelerated over the past six months as pandemic restrictions were lifted and sh...

Tesco Facing Union Calls To Raise Staff Pay Rates

UK retailer Tesco is facing union calls to increase store workers' pay after several rivals raised hourly rates for a second time this year.

Green Ambitions, Golden Opportunities: Sustainability In Times Of Instability

One in four European shoppers frequently buys eco-friendly products like refills, products without microplastics, and local produce.

Lidl GB Raises Staff Pay For Second Time This Year

German-owned discount supermarket Lidl GB has followed rivals in raising hourly pay rates for the second time this year.

Britain's M&S Raises Pay For Second Time In 2022

Marks & Spencer has become the latest British retailer to again raise pay for store workers amid a cost-of-living crisis and a tight labour market.

Waitrose Parent John Lewis Sinks To Loss As Cost-Of-Living Crisis Weighs

Britain's John Lewis Partnership reported a loss for the first half of the year and warned that the outlook for the rest of 2022 was highly uncertain due t...

UK PM Truss Preparing To Scrap Sugar Tax On Soft Drinks: The Times

British Prime Minister Liz Truss is preparing to scrap sugar taxes on soft drinks and ditch some anti-obesity measures to ease the cost-of-living crisis in...