cost of living

Tesco UK Lifts Profit Outlook Following Strong First Half

Tesco lifted its annual profit forecast after market share gains drove a 10% rise the first half, giving it momentum ahead of Christmas.

British shoppers impacted by the cost of living crisis will not start spending again until the new government sets out tax and spending plans.

A new survey carried out on behalf of Aldi Ireland and FoodCloud found that on average, Irish consumers waste €832 worth of food each year.

Lidl Ireland has become the first Irish retailer to hit 100 million returns as part of the Deposit Return Scheme, which launched 1 February.

Irish consumer sentiment remained largely unchanged in September, signalling a ‘watch, wait and worry’ mindset ahead of Budget 25.

British retailers have reported a third consecutive month of falling sales in August, the Confederation of British Industry said on Tuesday.

British supermarket group Waitrose has announced plans to invest £1 billion in new and existing shops over the next three years.

Irish consumer sentiment reached its best level in two and a half years in July, though no dramatic change indicated a general optimism.

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