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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.
The UK Consumer Prices Index fell to 10.1 percent in January compared with a rate of 10.5 percent in December

UK inflation retreats further, remains above 10%

British annual inflation dropped further last month on easing transport costs, official data showed Wednesday, but remains above 10 percent, prolonging a cost-of-living crisis that has sparked massive strikes.
Man watches in front of window display outside a Gucci store in Hong Kong

Gucci China, US slump pushes Kering sales down 7%

Sales at French luxury group Kering fell 7% in the fourth quarter, dragged lower by a slump in revenue at its biggest brand Gucci which was hit by COVID lockdowns in China and weaker demand in the United States due to a stronger dollar.
UK economy narrowly avoids a recession

Slowdown in UK inflation eases pressure on Bank of England

British inflation fell by more than expected in January and there were signs of cooling price pressure in parts of the economy watched closely by the Bank of England, adding to signs that further hefty interest rate hikes are unlikely.