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Spread of coronavirus disease (COVID-19) in in Hamburg

HelloFresh shares drop as profit outlook disappoints

HelloFresh forecast 2023 profit below analysts' expectations on Tuesday, sending its shares down as much as 12.7%, as fewer people order its meal kits in reopening economies and as inflation trims household budgets.
FILE PHOTO - A shopper holds items and looks at others on sale at a clothing retail store in central Sydney, Australia

Australia retail sales rebound in Jan, but pulse slows

Australian retail sales rebounded in January after a surprise plunge in December that owed much to changing spending habits, though the underlining pulse was facing headwinds from high inflation and rising interest rates.
Inflation cut profit margins of Nestle, which makes KitKats and many other food products

Inflation nibbles at Nestle margins

Swiss food giant Nestle said on Thursday sales rose last year but inflation nibbled at its margins, while net profits plunged due to asset disposals in 2021.