UK retail sales up as volumes remain low
While retail sales saw an increase in July year-on-year, the figure was still below the latest twelfth month average growth, according to the latest information released by the British Retail Consortium.
Nomad Foods reports decline in volumes amid supply chain difficulties
Birds Eye manufacturer Nomad Foods saw its organic revenue decline by 3.2%, which was comprised of a 5.7% decline in volume/mix, according to the company’s quarterly financial results.
Barry Callebaut raises pay for 200 factory workers
Global chocolate manufacturer Barry Callebaut is increasing the pay of around 200 workers at its factory in Banbury, Oxfordshire.
Olive oil prices to rise as extreme weather hits supply chain
The price of olive oil is expected to rise as heatwaves and a lack of rain in Italy, Spain and Portugal are impacting harvests and production.
Beyond Meat reports revenue loss and plans to cut workforce
Beyond Meat has reported that net revenues were down 1.6% year-on-year as the company prepares to cut 4% of its global workforce, according to its latest trading statement.
UK supply chain to be impacted by Felixstowe Port strikes
The UK logistics and haulage sectors, supply chains and international maritime trade are all expected to be affected by strike action at Felixstowe, the UK’s largest container port.