This noteworthy reduction in grocery price inflation comes after a prolonged period of 16 months where double-digit growth had become the norm.

Baitiéh, currently the CEO of Carrefour France, is set to assume his role in November and will work closely with Potts during a transition period to ensure a seamless shift in leadership.

According to CMA, competition in the UK grocery retail industry will keep price increases low, despite food and grocery costs at historically high levels.

The CMA studied the road fuel market in depth to realise that the competition in retail has weakened since 2019, leading to them proposing a fuel finder scheme that helps consumers compare fuel prices.

In the face of the challenges facing the retail industry, British supermarkets are determined to stay ahead through the implementation of innovative strategies.

Pilgrim's Food Masters faces backlash as it threatens to fire and rehire workers under worse conditions, citing "difficult economic condition" as the reason.

The shortage in agricultural goods impacting the UK is drifting to a harsh scenario as a result of the weather condition and supermarkets' policies in attaining supply.

British grocery inflation hit 17.1% in the four weeks to Feb.

Thérèse Coffey sparked controversy with her remarks while addressing the House of Commons regarding the shortage of vegetables in supermarkets.

Vice President of Product Marketing, e2open, urges UK retailers to utilise modern technology solutions for logistics management amidst weather crisis.

Britons may face shortages of salad staples, including tomatoes, cucumbers and peppers, for up to another month, the government said on Thursday.

Britain's big supermarkets say they have never been more competitive on price, yet their customers are still flocking to German-owned discount stores Aldi and Lidl.

This Valentine's Day is set to look different after a year of record food inflation that has sent up prices of everything from flowers to chocolates and dining in restaurants.

British grocery inflation hit a record 16.7% in the four weeks to Jan.

Weak confidence around personal finances and a squeeze on disposable income will hold back growth in food retail sales to around 5% in 2023, according to market researcher NielsenIQ.

British grocery sales rose 9.4% to a record 12.8 billion pounds ($15.3 billion) in the four weeks to Dec.

Private equity funds are rethinking how they pull off large deals after a 40.4% contraction in global buyout activity amid a shortage of debt financing caused by rising interest rates and banks' reluctance to open their money taps.

British grocery inflation hit 14.7% in October, another new record, and it is still too early to call the ceiling, market researcher Kantar said on Tuesday.

Tesco, Britain's biggest retailer, forecast full-year profit at the lower end of its previous guidance, blaming uncertainty over how consumer spending will evolve amid a worsening cost-of-living squeeze.

Because the cost of living is hitting people very urgently and directly. Food is a much bigger percentage of retail sales than other categories, and the cost is going up rapidly.

British shoppers swapped branded items for cheaper own-label products and turned to value ranges to help manage grocery inflation which soared to 8.3% in the four weeks to June 12, its highest level since April 2009, industry data showed on Tuesday.

With two public holidays on Thursday and Friday, then the weekend, supermarket chain Co-op predicted "a bigger sales period than Christmas".

Investors were rattled last week when the Fed moved up its forecasts for raising interest rates, while still arguing that consumer price increases were transient.

RSPCA suspended the license of a free-range chicken farm after the animals were found to be kept in unhygienic and inhumane conditions.

Around 80 types of hummus have been recalled from supermarkets across the UK

Neal's Yard Remedies and Pret A Manger are leading the way with refillable water stations, while restaurants have begun to phase out plastic straws.

British stores including Tesco, Waitrose and B&Q have banned the sale of acids to customers under the age of 18 to crack down on crimes involving corrosive substances

Black Friday is best known for offering all sorts of electrical deals on products like TVs and tablets. Now, a charity in Lincolnshire is offering houses at a huge 35% discount.

Anthony Clark, 35, and Catherine Davies, 25, are accused of not feeding or clothing their baby before murdering him and burying him naked in a shoe box in a shallow grave.

A 17-year-old boy is in a serious condition after he was attacked on Ashton Old Road, in Manchester. Police have appealed for any witnesses to come forward.