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Firm says profitability suffered due to post-pandemic inflation and Ukraine warNomad Foods, the owner of Birds Eye, Findus and Goodfella’s pizzas, has seen a sharp rise in sales after it increased prices by 18%, amid political scrutiny over food pricin…
Trade with rest of world is shrinking and youth unemployment is at 20% but state interventions are expectedChina’s economy is struggling. The recovery after the lifting of Covid-19 restrictions is faltering. Its trade with the rest of the world is shri…
China’s recovery has slowed after a brisk start in the first quarter as demand weakened and a flurry of policies to support the economy failed to shore up activity.
Economic experts say it will take until third quarter of 2024 for output to return to pre-pandemic peakRishi Sunak will fight the next election against a backdrop of an economy suffering from five years of lost growth and a widening of the gap between …
British Retail Consortium and KPMG report shows steep annual drop in volume of sales and a rise in promotional offersBritain’s hard-pressed retailers are being forced to slash their prices to drum up business after dismal summer weather and ever-higher…
Farmers warn wheat, oilseed rape, potatoes and other crops have been affected after wettest July on recordUK farmers have warned that harvests of wheat, oilseed rape, potatoes and other crops have been hit by the cool, wet summer, raising fears of furt…
Tory MPs call for targeted tax cuts as Labour criticises 14th interest rate hike as ‘mortgage bombshell’Bank warns rates will remain high for at least two yearsMore pain in store: Bank raises a few eyebrowsExplainer: what the rate rise means for youRis…
Rise to 5.25% comes as no surprise but Bank of England’s language will frighten manyFull story: Bank says rates will stay high for at least two yearsExplainer: what the rate rise means for youIf it isn’t hurting it isn’t working. That was the message f…
Policymakers vote for quarter-point rise to 5.25% – the 14th hike in a row – but BoE rules out prospect of recessionBusiness live – latest updatesThe Bank of England has warned businesses and households that the cost of borrowing will remain high for a…
Fears remain over stubborn inflation but slowing economy likely to fuel more cautious approach from rate-setters, say analysts‘It’s a bloodbath’: UK homeowners on variable mortgagesThe Bank of England is poised to push interest rates to 5.25% on Thursd…