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Mondelez: Confectioners eye holiday boost as UK shoppers snub expensive gifts, ET Retail

Mondelez: Manufacturers are also launching more "premium" chocolate products that they can sell at higher prices to help mitigate the impact of cocoa prices hitting 46-year highs this year. "It will help fourth-quarter earnings, as the Christmas period is the strongest for chocolate companies," said Vontobel analyst Jean-Philippe Bertschy. Nestle has said its underlying trading operating profit margin will be 17-17.5% this year, compared with 17.1% in 2022. ....

United Kingdom , Jean Philippe Bertschy , Fran Mccargo , Connie Johnson ,

Goldman upgrades Sainsbury on market share gains and pricing power

Shares in J Sainsbury jumped on Friday after analysts at Goldman Sachs upgraded their rating on the supermarket stock on the back the company's strengthened position amid an improving inflation outlook. ....

United Kingdom , Big Four , Category All , Category Broker Recommendations , Category Sectorial Retail Trade ,

UK grocery inflation slows again -Kantar, Retail News, ET Retail

Food inflation s recent downward trajectory is being closely watched by consumers, the Bank of England as it considers the direction of interest rates, and lawmakers, given Prime Minister Rishi Sunak s promise to halve overall inflation this year ahead of a probable national election in 2024. Market researcher Kantar said annual grocery inflation was 9.1% in the four weeks to Nov. 26, down from 9.7% in last month s report. ....

United Kingdom , Prime Minister Rishi Sunak , Grocery Inflation , Rishi Sunak , British Retail Consortium , James Davey , Food Inflation , Retail Sales Growth ,