Inflation

Mondelēz International Tops Quarterly Estimates As Snack Demand Holds Up

Mondelēz International Inc topped market expectations for quarterly results, boosted by resilient demand for chocolates and snacks, but warned its European...

Tesco's UK Store Management Changes To Impact 1,750 Jobs

Tesco, Britain's biggest supermarket group, has announced changes to the way it manages its larger stores, impacting around 1,750 workers.

Danish Crown Says Chinese Pork Demand Subdued, Set To Cut 550 Jobs

Chinese consumption of pork remains subdued and normalisation could take up to six months, said Danish Crown's CEO, who also told Reuters the company would...

UK Grocery Price Inflation Rises To Record 16.7%, Says Kantar

Grocery inflation in the UK hit a record 16.7% in the four weeks to January 22, dealing another blow to consumers battling an escalating cost-of-living cri...

British Beer-Maker Stockpiling Malt To Try To Beat Price Squeeze

As Malt price has gone up 40% to 50%, Milton Brewery in eastern England is stockpiling on the ingredient to stave off the impact of soaring prices.

Delivery Hero's Glovo To Lay Off 250 Employees Worldwide

Spain's Glovo, part of Germany's Delivery Hero, said it planned to lay off 250 workers globally, citing a drop in orders and inefficiencies after the COVID...

McCormick & Company Posts 3% Sales Growth In FY 2022

Spice maker McCormick & Company has posted sales growth of 3% in constant currency in its financial year ended 30 November 2022.

J&J Expects Inflation, China COVID-19 Hit To Carry Into 2023

Johnson & Johnson said it sees the impact from high inflation carrying into 2023 and expects China's major COVID-19 outbreak to dent sales at its medic...