Chief executive of Tesco Ken Murphy said the company is “laser-focused” on keeping costs down for customers, as the company’s preliminary results for 2021/22 show profits have tripled.

Latest figures from the Office for National Statistics (ONS) find that despite a 4% rise in wages across the UK in February 2022, rising inflation means that UK workers are 1% poorer.

A new report released this week by the Food and Drink Federation (FDF), confirms that the UK food industry faces several ongoing challenges hindering economic growth, including rising production costs and the impact of the Ukraine conflict.

According to the Food and Agriculture Organisation of the United Nations (FAO), world food commodity prices made a significant leap in March 2022 to reach their highest levels ever, driven in part by the war in Ukraine.

A public consultation on the idea of mandatory calorie counts on menus has been launched by the Scottish government.

One of the major highlights of the food industry calendar is fast approaching as the countdown to the Food Management Today Industry Awards 2022 enters its final phase.