Credit Suisse reiterates negative view of UK food retail
6th Oct 2022 14:35
(Sharecast News) - Credit Suisse warned there was "no relief in sight" for grocers on Thursday, as it reiterated its negative view on the UK food retail sector.
Read moreTesco sees FY profit at lower end of guidance
5th Oct 2022 07:04
(Sharecast News) - UK retailer Tesco said it expected current year profits to be at the lower end of guidance as "significant uncertainties" persisted during the cost-of-living crisis.
Read moreGrocery price inflation hits new record as shoppers hunt for bargains
13th Sep 2022 09:03
(Sharecast News) - Grocery price inflation reached a new record in August, according to fresh research released on Tuesday, with Britons further switching to cheaper lines and discount supermarkets.
Read moreSunday newspaper round-up: VAT, Tesco, Iberdrola
28th Aug 2022 18:34
(Sharecast News) - The frontrunner for the Tory leadership is mulling a five percentage point across the board reduction to value added tax. The measure could save families £1,300 a year. According to the Sunday Telegraph, Liz Truss, had discussed the possibility with advisers but a final decision would not be taken until after the end of Conservative leadership contest on 5 September. An estimate by the Institute for Fiscal Studies had put the cost of a five point reduction in VAT at £3.2bn per month and £38bn per year. - Guardian
Read moreDirector dealings: Tesco non-exec spends $45k on ADRs
26th Aug 2022 12:25
(Sharecast News) - Tesco shares were in the red on Friday afternoon, even after a non-executive director bought more than $45,000 of the retail giant's American depositary receipts.
Read moreGrocery bills mount as inflation surges - Kantar
19th Jul 2022 07:46
(Sharecast News) - Grocery inflation has rocketed to nearly 10%, industry data showed on Tuesday, as supply chain pressures continue to drive up prices.
Read moreGrocery volumes ease as shoppers look to manage spending
28th Jun 2022 12:19
(Sharecast News) - Grocery volumes eased in June, industry data showed on Tuesday, as soaring inflation and the rising cost of living weighed heavily.
Read moreAnnual grocery bills to soar by £380 - Kantar
21st Jun 2022 10:43
(Sharecast News) - The average annual grocery bill is set to rise by nearly £400 this year, according to research published on Tuesday, as surging inflation continues to push up prices.
Read moreTesco UK sales fall as customers start to change shopping habits
17th Jun 2022 07:03
(Sharecast News) - UK supermarket chain Tesco said it was seeing early indications of changing customer behaviour as a result of the cost-of-living crisis and inflationary environment as it reported a fall in first quarter sales, but maintained annual guidance.
Read moreGrocery inflation hits 13-year high
24th May 2022 11:48
(Sharecast News) - Grocery inflation hit its highest level in 13 years in May, industry research showed on Tuesday, as the cost of living crisis continued to mount.
Read moreTesco chief nets £2.74m pay package
13th May 2022 10:17
(Sharecast News) - Tesco boss Ken Murphy was paid more than £4.74m last year, the supermarket chain said on Friday.
Read moreTesco chair calls for windfall tax on energy firms
10th May 2022 13:08
(Sharecast News) - Tesco chairman John Allan on Tuesday said there was an "overwhelming case" for a windfall tax on energy companies to help ease the cost-of-living crisis for most Britons.
Read moreGrocery inflation hits fresh high
26th Apr 2022 08:53
(Sharecast News) - Grocery price inflation continued to mount in April, research showed on Tuesday, to hit levels not seen in over a decade.
Read moreTesco annual profits jump but warns of tougher outlook this year
13th Apr 2022 07:04
(Sharecast News) - UK retailer Tesco posted a sharp rise in annual profits on Wednesday, but warned that current-year earnings could fall as inflationary pressures start to hit consumers.
Read moreWednesday preview: UK CPI, Tesco in the spotlight
12th Apr 2022 14:44
(Sharecast News) - Inflation will continue to be in the spotlight on Wednesday, but this time chiefly in the UK.
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