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Unilever shares jump as it defends price rises despite higher profits

Owner of Marmite, Dove and Ben & Jerry’s says margins of 19.6% were helped by ‘carry-over pricing’Unilever, the owner of Marmite, Dove and Ben & Jerry’s, has defended price rises continuing despite a better-than-expected 17% increase in profits.Shares in the London-based company rose 6% on Thursday morning as Unilever said its profit margins...

Thu Jul 25, 2024 15:32
UK ice-cream and lolly prices up by more than 30%, analysis shows

Which? study found increase of 38% for one brand, while cheaper options often scored better in taste testsThe price of popular ice-creams and lollies including Cornetto and Solero have soared by more than 30% over the past two years amid the rising cost of ingredients and energy.Analysts at the consumer group Which? have suggested switching to supermarket...

Wed Jul 24, 2024 08:19
Two-fifths of British berry growers could go bust by end of 2026, study finds

Rising costs and poor pay from supermarkets are making business unprofitable, says industry bodyTwo-fifths of British growers of strawberries and raspberries could go out of business by the end of 2026 amid rising costs and poor pay from supermarkets, according to a study.Almost half of British growers said they no longer make a profit and 53% reported...

Tue Jul 23, 2024 16:13
Food giants are strangling Britain’s farmers and consumers. What’s the solution? Break them up | Nicholas Shaxson

The UK has a huge problem with monopolies – yet taking conglomerates apart is not as hard as you might thinkWhen British farmers protested outside the Houses of Parliament earlier this year, they sent 49 scarecrows, after a survey had found that 49% of UK fruit and vegetable farmers said they expected to go bust within a year. The scarecrows stood in...

Mon Jul 22, 2024 18:02
Waitrose won’t fork out after its meatball broke my tooth

Eleven months on, it still won’t pay my dentist’s billIn July last year, my husband cracked a tooth on lamb meatballs from Waitrose. It had to be extracted at a cost of £160. Waitrose asked us to return the remains of the product and advised that shards of bone had been found. There was an apology in writing, and we were asked to submit evidence of...

Mon Jul 22, 2024 09:05
Sick leaves: tea growers’ climate misery leads to jump in UK prices

Amid stagnant or falling yields producers across India and east Africa are being forced to adapt Tea is a British institution and 100m cups will be drunk today, but experts are warning that our beloved brew could get pricier as extreme weather causes misery for growers in India and Kenya.Last week’s official cost of living update put food inflation...

Mon Jul 22, 2024 08:04

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