Inflation

Currys warns of ‘uncertain’ outlook despite profit rise

Currys has warned that its outlook for consumer spending is “uncertain”, despite reporting that pre-tax profits jumped 19% year-on-year from…

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Brits urged to cut £15bn off their grocery shop

Brits could reportedly be spending a premium of £15.1bn a year for branded items in Big 4 supermarkets instead of…

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Mars Petcare latest to halt supplies to Tesco amid price dispute

Mars Petcare has halted supplies to Tesco as the supermarket faces its second dispute amid rising costs, as inflation continues…

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Poundland to expands £1 range in response to inflation

Poundland has confirmed its intentions to reset 850-plus stores and expand the products it sells for £1 in response to…

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Shop price inflation hits highest level since 2008

Shop price annual inflation increased to 3.1% in June 2022, up from 2.8% in May, marking the highest rate of…

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Poundstretcher to keep prices low despite FY22 profit warning

Discount chain Poundstretcher has warned that sales are set to drop to £277m in the year to March 2022, attributing…

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H&M Group profits surge amid high street resurgence

H&M Group has revealed its gross profits increased by 52.2% to £4.36bn in the six months to 31 May. Profits…

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Jubilee helps boost June grocery sales

The Queen’s Platinum Jubilee celebrations helped boost total till grocery sales at UK supermarkets for the four weeks ending 18…

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Asda joins retailers in rejecting online sales tax

Asda has reportedly told the government that introducing an online sales tax (OST) will harm retailers and shoppers that are…

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Inflation drives disposable income to ‘lowest ever level’

Household discretionary income has fallen -17.2% in May to £41.94 a week (equivalent to £167.76 per month), marking another “record”…

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