Inflation

Sainsbury’s to invest £550m in keeping prices low

Sainsbury’s is set to invest £550m over two years to keep its prices low and be “more competitive”, CEO Simon…

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Consumer confidence remains at ‘historic lows’ in December

GfK’s Consumer Confidence Index increased by only two points in December to -42, with confidence still sitting at “historic lows”. …

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Bank of England raises interest rates by 0.5% to 3.5%

The Bank of England (BoE) has announced that interest rates will be raised by 0.5%, bringing the base rate of…

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Record-breaking sales of Amazon over the holiday weekend – Will it last until the end of 2022?

During Cyber Monday, and over the days preceding Thanksgiving, people were in a bullish mood with their buying habits on…

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Inflation falls to 10.7%

UK Inflation fell to 10.7% in November, down from 11.1% in October, but still remains close to a 40-year high…

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Shopper spend rises 7.6% at UK supermarkets despite squeeze on incomes

Total Till sales grew +7.6% in the last four weeks ending 3 December 2022, up from +5.6% last month, according…

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Primark to open 10 stores before Christmas

Primark’s parent company Associated British Foods (ABF) has announced that it is set to open 10 new stores before Christmas.…

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VF Corp names Benno Dorer as interim CEO

VF Corporation has announced that Benno Dorer, lead independent director of the VF board, has been named interim president and…

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Curry’s ditches Royal Mail ahead of Christmas strikes

Curry’s has ditched Royal Mail as its delivery provider amid a series of Christmas strikes at the firm. As first…

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CBI downgrades growth forecast to -0.4% amid ‘lacklustre outlook’

CBI has downgraded its GDP growth outlook significantly, to -0.4% in 2023 (from 1.0% in its last forecast), after a…

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