LONDON (Reuters) – The British arm of German discount supermarket Aldi reported its first rise in annual operating profit for four years on Monday and signalled no let-up in its approach with plans to open 130 stores in 2019 and 2020. The investment in new […]
Many Britons feel they have to watch the pennies after recent inflation rises and years of flatlining wages. This extends to their supermarket shop, with four in 10 people reporting they are concerned about the cost of food. Against this backdrop, grocery giant Tesco has […]
Sainsbury’s and Asda could be forced to sell hundreds of stores to appease the competition watchdog ahead of their planned merger. The Competition and Markets Authority said it had found a “realistic prospect of a significant lessening of competition” in 463 areas where the retailers’ […]
A no-deal Brexit could cost food retailers and their suppliers £9.3 billion, a new report commissioned by Barclays has revealed. Research for the study by Retail Economics showed that food and drink imported to the UK from the EU would be subject to a new […]
LONDON (Reuters) – British consumers spent more on their credit cards in August as they borrowed to fund a summer shopping spree but companies are more nervous in the run-up to Brexit, lending industry data showed on Wednesday. Credit card lending by the main high […]
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. This is a very busy week for the foreign-exchange market and while we’re off to a slow start, trading ranges will widen and volatility will increase as the week progresses. Meanwhile the U.S. […]
Fruit growing is one of the activities that gives Chile the most benefits. In the last season, the country exported 2.72 million tons of fruit for US $5.283 billion. Some varieties have managed to seduce markets and recorded important returns. However, other varieties, some of […]
Blueberry exports out of North America show increase in volume and destinations The North American 2018 blueberry season has come to a close. “In general, it was a good season with relatively high yields and strong quality,” says Travis McLachlan with Terra Exports. The season […]
• Labour’s set to vote against PM May’s Chequers Brexit deal. • Potential leadership challenge adds to the additional pressure. • Traders now eye the US monthly retails for some fresh impetus. The GBP/USD pair retreated sharply from six-week tops and weakened back below the […]
EU Direct Payments will be phased out over seven years, with lump sums of cash given to farmers to develop their businesses Michael Gove has launched a new Agriculture Bill designed to “take back control” of British farming and deliver a “green Brexit”. According to […]