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Top StoriesUK stocks fall after data signals waning consumer demand; ashtead slides
Top StoriesDiscount retailer pepco’s sales growth slows
Top StoriesUK fines WH smith, M&S and others for not paying minimum wage
Top StoriesUK supermarket asda freezes prices of 500 products
British supermarket waitrose cuts prices on 200 products
Date: June 12, 2023
LONDON (Reuters) – British supermarket group Waitrose said on Monday it had reduced the price of more than 200 products as part of a 100 million pound ($126 million) plan announced earlier this year in the fight to retain customers struggling with high inflation. Food prices are up more than 19% over the last year,...
Tesco reported to competition watchdog by consumer group over pricing concerns
Date: June 9, 2023
Tesco reported to competition watchdog by consumer group over pricing concerns LONDON (Reuters) -Tesco, Britain’s biggest retailer, has been reported to the competition regulator by consumer group Which? over its failure to provide detailed pricing information on its loyalty card offers. With UK food inflation close to record highs, Britons are shopping around and comparing...
UK shop price inflation strikes new record high: BRC
Date: May 30, 2023
LONDON (Reuters) – British shop price inflation picked up this month to reach its highest rate since industry records began in 2005, although growth in food prices cooled slightly, a survey showed on Tuesday. The British Retail Consortium said prices in supermarkets and retail chains rose 9.0% in the year to May, after an 8.8%...
UK competition watchdog steps up examination of grocery prices
Date: May 15, 2023
UK competition watchdog steps up examination of grocery prices LONDON (Reuters) -Britain’s competition watchdog will step up its work looking into grocery prices, but has so far not seen evidence pointing to specific concerns in the sector, it said on Monday, after food price inflation hit a 46-year high in March. Official data showed UK...
Nexi open to options as banco BPM seeks partner
Date: May 11, 2023
MILAN (Reuters) -Italian payments giant Nexi is keen to enter partnerships with lenders and will adjust to their preferred models, it said on Wednesday as leading banks UniCredit and Banco BPM review options for their payments businesses. Nexi CEO Paolo Bertoluzzo made the comments as the group confirmed 2023 guidance after reporting first-quarter profit in...
Grocery retailer ahold delhaize sees europe’s food inflation slowing
Date: May 10, 2023
Grocery retailer Ahold Delhaize sees Europe’s food inflation slowing (Reuters) -Supermarket group Ahold Delhaize expects food inflation in Europe to slow in the second half of this year, CEO Frans Muller said on Wednesday after the retailer beat expectations for its first quarter thanks to strong U.S. sales. Muller said he saw food inflation slowing...