Inflation

Portugal Rules Out Intervening To Curb Soaring Food Inflation

Portugal's economy minister has ruled out any government intervention to stem soaring food prices that are hitting households hard, seeing the market as th...

Bel Group Reports Organic Sales Growth Of 13.2% In FY 2022

French cheese maker Bel Group has reported year-on-year organic sales growth of 13.2% in its financial year 2022 to €3.6 billion.

Portugal's Sonae Profit Buoyed By One-Off Gains Despite Retail Margin Squeeze

Sonae, owner of Portugal's largest food retailer, on Thursday reported a 21% jump in fourth-quarter net profit as one-off capital gains more than offset th...

Weather Threatens Indian Winter Crops Just Before Harvesting

Untimely rains and hailstorms could damage India's key winter-sown crops such as wheat, rapeseed and chickpeas just before harvesting begins for plants tha...

Dollar General Misses Quarterly Estimates As Discretionary Spending Wanes

Dollar General missed market estimates for quarterly same-store sales as Americans curtailed discretionary spending amid stubbornly high inflation, and win...

Waitrose Parent John Lewis Scraps Staff Bonus As Losses Widen

Britain's John Lewis Partnership warned it would have to cut staff numbers and scrap any bonus this year after its customers cut back on the amou...

Supermarkets Not To Blame For Inflation, Says Sonae CEO

The chief executive of Portuguese retailer Sonae, Cláudia Azevedo, has said that a "disinformation campaign" is painting supermarkets and...

US Retail Sales Fall Moderately

US retail sales fell moderately in February, likely payback after the prior month's outsized increase, but the underlying momentum remained strong, suggest...