Inflation

John Lewis pension assets plunge £2.8bn

John Lewis Partnership saw the market value of its pension assets plunge by £2.8bn last year amid a set of…

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Morrisons sales rise in Q1 as it targets £700m cost-cutting drive

Morrisons has revealed that revenues rose by 3.4% to £4.7m in the first quarter of the year as it announced…

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Asda profits fall 24% to £886m amid attempts to mitigate inflation

Asda has revealed its full-year profits declined 24% to £886m during the 52-week period ending 31 December due to its…

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Supermarket sales up 8.6% as grocery inflation hits 17.5%

Take-home grocery sales increased 8.6% over the most recent 12 week-period as grocery price inflation reached record levels. According to…

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Shop price inflation grows to 8.9% in March

The British Retail Consortium found that for the first seven days of March annual shop price inflation increased to 8.9%…

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It’s always someone’s birthday: gift cards remain evergreen

Inflation and rising living costs have turned consumers into paranoid penny-pinchers, who are cautiously awaiting the next fiscal catastrophe to…

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BoE raises interest rates to 4.25%

The Bank of England (BoE) has announced that interest rates will be raised by 0.25% to 4.25%, the highest rate…

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Inflation unexpectedly jumps to 10.4% amid rising food prices

The UK inflation rate unexpectedly increased to 10.4% in February driven by increased drink and food prices which reached their…

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Scotch & Soda files for bankruptcy for Dutch operations

Scotch and Soda has filed for bankruptcy for its Dutch operations after a structural cash flow deficit led to a…

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Kingfisher FY22 performance suffers amid strong FY21 comparables

Kingfisher has revealed its post tax profits fell 44% to £471m for the full-year period ended 31 January 2023. The…

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