Iceland

Grocery sales jump 5% as food price inflation falls

Total grocery sales increased 5.1% to £35.3bn for the four weeks to 18 February 2024, as grocery price inflation fell…

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Today’s news in brief-20/2/24

Julian Dunkerton is reportedly in discussions with US investor Davidson Kempner regarding a potential deal to take the company private.…

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Moody’s ‘cautiously optimistic’ over Iceland’s future despite weak results

Moody’s has said it is “cautiously optimistic” over Iceland Foods’ financial future and prospects of tackling its bond debt, despite…

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Today’s news in brief-29/1/24

The UK experienced a significant increase in business administrations, with the retail sector being the hardest hit, accounting for 19%…

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Iceland boss backs Labour government

Richard Walker, managing director of Iceland and former Tory donor, has publicly backed Keir Starmer to be the next Prime…

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December to see £13bn in grocery sales for first time, Kantar says

Take-home grocery sales are expected to surpass £13bn for the first time ever this December, according to marketing data and…

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Today’s news in brief-16/11/23

Mars has acquired Hotel Chocolat in a £534m deal, offering a 168% premium on the share price. Mars sees cultural…

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Iceland posts £17m full-year loss amid soaring energy prices

Iceland has fallen to a loss of £17.1m in its latest full-year results following a “wholly unprecedented” rise in global…

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Grocery price inflation hits single digits for first time this year

Grocery price inflation has fallen below 10% for the first time since July 2022 and now sits at 9.7% for…

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Today’s news in brief-10/10/23

Grocery price inflation has fallen for the seventh consecutive month, reaching 11% for the four weeks ending on October 1,…

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