Inflation

Climate Change, Russia-Ukraine War Hit Global Wine Industry: OIV

Climate change and the Russia-Ukraine war are squeezing global sales and production in the $300 billion global wine industry, which is still recovering fro...

Marks & Spencer Warns Of 'Gathering Storm' Of Higher Costs And Weak Consumer

Marks & Spencer has warned of a 'gathering storm' of higher costs and pressure on household budgets, as it reiterated full-year profits would fall.

UK Food Inflation Rate To Peak In Early 2023: IGD

The rise in the cost of food and drink in the UK is set to reach a peak rate of 17%-19% year-on-year in early 2023, before slowing over the following 12 mo...

Bottler Coca-Cola HBC Raises 2022 Profit Outlook On Steady Demand

Coca-Cola HBC has raised its full-year profit forecast, as the soft drinks bottler benefits from price hikes and strong demand for its sodas.

British Grocery Inflation Hit Record 14.7% In October: Kantar

British grocery inflation hit 14.7% in October, another new record, and it is still too early to call the ceiling, market researcher Kantar said on Tuesday...

Hungary Could Decide On New Caps On Food Prices Within Days

Hungary's government could decide on fresh price caps on foodstuffs within days to curb inflation, which could peak around 25% by the end of the year, mini...

Retailer Carrefour Plans More Investment And Savings

France's Carrefour will step up its expansion into e-commerce, slash costs and focus on cash generation as part of boss Alexandre Bompard's new strategy to...

UK Businesses Fear Gloomy Christmas As Cost Of Living Soars

British businesses fear a gloomy Christmas ahead, as almost half of households plan to cut festive spending due to the soaring cost of living and sales are...