Food Inflation

UK Consumer Spending Slowed Before Last Week's Budget, Retailers Say

British consumer spending grew only modestly last month as uncertainty in the run-up to finance minister Rachel Reeves' 30 October budget and rising e...

The Worst Is Over As Regards Food Inflation, Says AECOC President

The president of AECOC, which represents manufacturers and distributors in Spain, has told a conference that he believes "the worst is over" when...

Optimistic Irish Consumers Prioritise Affordability, Health, Study Finds

Irish consumers are focusing on affordability and health while remaining optimistic about the future, according to the latest edition of the EY Global Cons...

Colruyt Reports Growth In Revenue, Operating Profit In Full Year 2023/24

Belgian retail group Colruyt has reported growth in revenue and operating profit in its financial year 2023/24 amid a challenging and uncertain macroeconom...

UK Supermarket Sales Set For Euro 2024 Fillip, Says NIQ

The return of some warm weather in May helped drive sales growth at British supermarkets and they are set for a boost from the upcoming Euro 2024 soccer ch...

Target Posts Weak Results As Shoppers Pull Back

Target has reported lower-than-expected quarterly earnings and its forecast for the current quarter was also largely below Wall Street ...

Tesco CEO's Annual Pay Package Doubles To Nearly £10m

The CEO of Tesco saw his pay package more than double to almost £10 million (€11.6 million) in its 2023/24 financial year.

Historically Wet Winter To Damage UK's Food Self-Sufficiency, Says Think Tank

Britain's ability to feed itself is set to be reduced by nearly a tenth this year as farmers across the country reel from one of the wettest winters on rec...