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Evening Standard
Falling inflation, football and fake tan shape grocery spending, figures show
Falling inflation, football and fake tan dominated grocery shopping this month as rising consumer confidence and Euros excitement was dampened by the relentlessly wet summer, figures show.Grocery price inflation continued its fall to 1.6%, down from June’s 2.1% and its lowest figure since September 2021, according to analysts Kantar.The drop coincided with the fastest rise …
Business
Evening Standard
Ocado narrows losses and raises outlook for robotic warehouse arm
Online grocer Ocado has revealed interim losses nearly halved and said annual earnings for its robotic warehouse arm would be better than expected despite delays with some key contracts.The group reported a £154 million pre-tax loss for the six months to June 2 against losses of £290 million a year ago.It notched up revenues of …
Business
Evening Standard
Discount retailer B&M’s UK sales dampened by rainy weather
Budget supermarket B&M has said wet weather helped dampen sales in recent months while the retailer continues to target shoppers who are seeing their incomes squeezed.B&M European Value Retail said it generated more than £1 billion in the UK between April and June.But like-for-like sales – which strips out the impact of shopping at newly …
Business
Sky News
All wastewater companies in England and Wales face investigation over sewage spills
The water regulator is now investigating every wastewater company in England and Wales over fears that some may not be meeting their obligation to minimise pollution.Ofwat announced it has opened enforcement cases into four more firms as part of its investigation into utilities’ management of wastewater treatment works. The investigations have been opened following a …
Business
Sky News
Euro 2024 beer price war helps grocery inflation fall below 2%
A rush of promotional activity to lure football fans to supermarkets has played a role in pushing grocery inflation to its lowest level since September 2021, according to industry data.Kantar Worldpanel – which tracks supermarket till prices, sales and market share – said its measure of grocery inflation slowed to 1.6% in the four weeks …
Business
Sky News
Rush for shares in Trump media firm as markets react to shooting
Shares in the company behind Donald Trump’s Truth Social platform have surged by a third amid a wider bounce on investor hopes he returns to the Oval Office.The Trump Media & Technology Group was one of the most actively traded stocks on Wall Street during Monday’s session. It was the first chance investors had to …
Business
Sky News
‘Just the beginning’: GMB launches legal action against Amazon as workers lose union vote
Amazon workers have failed to achieve enough support for union recognition in the UK, the results of a landmark ballot have shown.More than 3,000 workers at the company’s Coventry warehouse were asked if they wanted to be represented by the GMB union. But the union fell “agonisingly short” – 49.5% of the 2,600 workers who …
Business
Sky News
Hedge fund tycoon Marshall’s bid for Daily Telegraph in doubt
A takeover bid for The Daily Telegraph from Sir Paul Marshall, the hedge fund tycoon, is in growing doubt days before a deadline for offers for the influential broadsheet newspaper.Sky News understands that Sir Paul, a major shareholder in the television news channel GB News, has been considering in recent weeks whether to drop his …
Business
Sky News
Watchdog asks water companies to publish sewage data amid ‘dented’ confidence
Water companies have been asked by the information watchdog to proactively release data on the sewage they discharge into waterways.The UK information commissioner John Edwards wrote to the utility firms in England, Wales and Northern Ireland asking them to publish information on the number and duration of sewage outflows every month, instead of waiting for …
Business
Evening Standard
Burberry boss Akeroyd checks out of fashion giant after profit warning
Burberry announced the shock departure of its chief executive today, alongside a profit warning and the cancellation of its dividend amid a global sales slump. Jonathan Akeroyd is stepping down from the world-famous fashion house, known for its iconic check pattern, “with immediate effect”. He will be replaced by the American executive Joshua Schulman, who was CEO …
Business
Evening Standard
Recruiter Robert Walters cautions jobs market recovery unlikely before 2025
Recruiter Robert Walters has become the latest firm from the sector to reveal the impact of an ongoing global hiring slowdown and said a recovery was not likely until 2025.The group reported a 15% slump in gross profit to £84.8 million in the second quarter to June 30, leaving it with an 18% drop overall …
Business
Euro News
China crisis? China’s second-quarter GDP falls short of expectations

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