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Several major UK food and beverage brands report financial losses amid rising costs and industry pressures. Pret a Manger plans to test meal deals to boost sales, while Tesco and others increase prices. Meanwhile, the parent companies of Pret and Costa face impairments and potential sales, reflecting broader economic challenges.
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The UK’s new extended producer responsibility (EPR) scheme, requiring firms to report packaging data by October 1, is expected to impose significant costs on retailers and households. Industry warns it will increase prices, add to inflation, and burden businesses with administrative costs, amid ongoing economic pressures.
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UK retail sales growth slowed in recent weeks but remains above industry averages. Tesco and pub chains report steady sales, despite rising costs and fierce competition. Market share gains and cautious consumer behavior highlight resilience amid inflation and cost pressures.
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New research shows nearly 20% of 25-34-year-olds in the UK are opting for non-traditional Christmas foods like curry, pasta, and pizza over turkey. The trend reflects changing holiday preferences, with fewer people planning to serve turkey and more experimenting with alternative dishes and decorations.
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Recent reports highlight a rising youth unemployment and health-related work inactivity crisis in the UK. Over 2.8 million people are inactive due to health issues, costing the economy billions. Experts call for a shared responsibility approach among employers, government, and workers to address long-term sickness and improve workforce participation.
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Retailers in the UK are cautious ahead of the November 26 Budget, fearing tax hikes and economic uncertainty. Industry leaders warn that upcoming fiscal policies could slow consumer spending, with recent cost increases already impacting profits and prices. Meanwhile, supply chain pressures and inflation persist across sectors.