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Finance

ABF: sugar prices to hurt profits

Associated British Foods (ABF) – the company behind Kingsmill – has revealed that lowering sugar prices would impact its profits in the year ahead.

Italy complains about “traffic light” food labelling

Italy has complained over the UK’s use of voluntary colour-coded food labels, claiming the system is discriminatory.

Unemployment rate rises to 7.2%

The rate of unemployment has risen to 7.2%, according to the latest figures.

Costa MD to head high street initiative

Costa Coffee’s managing director Jason Cotta will head a new initiative to revive the UK high street.

Eating out sector to reach pre-recession heights

The UK’s eating out sector is forecast to grow 3% in value, to £82.5bn, over the next 12 months, despite an increasingly competitive trading environment.

Tate & Lyle warns on profit decline

Falling artificial sweetener prices will impact Tate & Lyle profits, the company has warned.

Grocery market growth falls to 2.4%

Aldi and Lidl dominated sales growth once again, as overall grocery market growth hit its slowest rate since 2005, new figures show.

Britain has ‘too many shops’ claims LDC

As shop vacancy rates fall below 14% for the first time in four years, the Local Data Company’s (LDC) director has claimed Britain has too many shops.

Brace’s Bakery sees £1.2m pre-tax profit

Welsh bakery Brace’s has reported pre-tax profits of £1.2m for the year ended 30 September 2013.

UK economy grows 0.7% in Q4

The UK economy grew by 0.7% in the final quarter of the year, according to the latest results.

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