9 articles
UK grocery inflation accelerated to 2.5% in October per Worldpanel, driven by rising input costs. While retailers like Tesco saw sales growth, forecasts predict food inflation could reach nearly 7% by
Tesco upgraded its profit outlook citing resilient consumer spending, while noting a shift toward low-alcohol beverages and confirming food supplies remain unaffected by summer droughts.
Tesco CEO Ken Murphy forecasts reduced alcohol sales this Christmas due to health trends and GLP-1 weight-loss drugs, while noting growth in low- and no-alcohol alternatives.
Britain's largest food retailer Tesco raised its full-year profit outlook following a 6.5% first-half profit increase, forecasting adjusted operating profit between £3.15 billion and £3.3 billion desp
Financial Times reports Schwarz Group, owner of Lidl, is bidding for Tesco's Central European business alongside Ahold Delhaize and Biedronka, as Tesco exits overseas markets to focus on the UK.
Over 100 organizations, including Tesco and Danone, urged new UK PM Andy Burnham to prioritize food security via a new bill, citing forecasts of 50% price hikes and systemic fragility.
Greggs reported a 20% rise in first-half profit to £76 million, driven by store expansion and grocery partnerships with Tesco and Iceland. Analysts noted potential demand risks from the popularity of
Tesco reported slower-than-expected UK sales growth in Q1, attributing the slowdown to consumer uncertainty caused by the Middle East conflict. Despite this, the retailer maintained its full-year prof
Tesco forecast adjusted operating profit of £3.0–3.3 billion for 2026/27, widening guidance due to Middle East conflict uncertainty affecting UK households and the economy.
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