The agreement to sell the catalogue retailer Argos represents another significant phase in Sainsbury’s long-term strategy of returning to a focus on food rather than maintaining a sprawling conglomerate presence
Food and Drink Industry
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Shares in Ocado Group PLC tumbled nearly 16% to 149.55 pence following the release of first half results that revealed deteriorating cash flow and underlying earnings, despite headline revenue growth.
Greggs PLC could experience another summer trading slowdown as the prolonged UK heatwave dampens demand for its core hot product offerings, including sausage rolls and steak bakes, according to research
The £2.7 billion takeover of Tate & Lyle by Ingredion has been greeted in the Square Mile with the sort of quiet satisfaction that rarely makes it into the deal
Whitbread PLC has recalibrated its executive incentive framework to prioritise profits and balance sheet management over expansion, according to analysis from UBS, which has cautioned that shareholders of the Premier
Whilst financial markets obsess over crude oil surging to four-year highs, a more consequential commodity crisis is unfolding with far-reaching implications for global food security, agricultural equities, and inflation trajectories.
Wholesalers supplying thousands of shops, schools, care homes, and hospitals have alerted government officials to supply chain issues as escalating fuel prices threaten the viability of their operations. The food
UK food inflation is expected to rise more sharply than previously anticipated this year as the impact of conflict in the Middle East continues to affect energy markets and supply
A two-week ceasefire agreement with Iran has triggered rallies in global stock markets and a sharp decline in crude oil prices. However, analysts warn that optimism regarding the impact on
The hospitality sector is confronting an unprecedented convergence of cost pressures that threatens the viability of thousands of establishments across the United Kingdom. Business owners are grappling with simultaneous increases
Spain’s pork sector, Europe’s largest with an annual valuation of €25 billion, faces severe financial distress following the detection of African Swine Fever in Catalonia. The outbreak, first identified in
The British government’s proposed food agreement with the European Union will necessitate labelling changes for marmalade products across England, Wales, and Scotland, marking another tangible consequence of post-Brexit regulatory realignment.
Amazon is embarking on a strategic repositioning of its UK grocery operations by converting failed Amazon Fresh locations into Whole Foods Market stores, marking a significant shift in the technology
Unilever PLC has announced an agreement to combine its food division with McCormick & Company Inc in a transaction valued at 44.8 billion dollars, creating a global enterprise with an
Deutsche Bank has upgraded Diageo PLC to buy, citing recovery potential despite anticipated near-term pressure on earnings. The investment bank believes a reset in market expectations has created scope for
The British hospitality industry appears to be reversing course on plant-based menu expansion, with major operators including McDonald’s, Wagamama and Domino’s reducing their vegetarian and vegan offerings in favour of
