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UK energy secretary tells retailers 'enough is enough' re fuel prices

(Alliance News) - Energy Secretary Grant Shapps has spoken with supermarket and petrol station bosses to tell them "enough is enough" over petrol prices for customers.

Iceland Foods joins UK supermarket rivals in cutting prices

LONDON, July 18 (Reuters) - Iceland Foods on Tuesday became the latest supermarket group in Britain to announce food price cuts, in a further sign that a surge in food inflation over the last year could be abating.

UK supermarket execs to meet Grant Shapps over petrol price concerns

(Alliance News) - UK supermarket executives will meet Energy Secretary Grant Shapps on Monday after he warned he would hold retailers to account if they charge "sky high" petrol prices for customers.

UK consumer group calls for government action on grocery prices

Competition watchdog to publish report on grocery prices

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Sunday newspaper round-up: Tesco, Green Agenda, EasyJet

(Sharecast News) - Tesco is leaning on its suppliers so that they pass on savings from falling costs so that it can reduce prices more quickly than rivals and thus lead on price cuts. Among other factors, on Thursday Tesco pointed to a halviing in wholesale electricity prices, a 22% reduction in PET packaging and an 84% fall in the cost of freight. Suppliers however said that other costs had continued to rise - not least wages. And in response to prodding by MPs, Asda co-owner, Mohsin Issa, has cautioned that fixed-term contracts meants that three to nine more month would be needed before customers benefitted from falling prices. - The Sunday Times

British lawmakers to quiz Asda co-owner over fuel price competition

LONDON, July 13 (Reuters) - British lawmakers will next week question Mohsin Issa, the co-owner of British supermarket Asda, to clarify comments made by one of his lieutenants about the group's fuel pricing strategy at an earlier hearing.

UK food price inflation to be 9% in December, industry researcher cautions

LONDON, July 13 (Reuters) - Food price inflation in Britain will decline through the balance of 2023 but will still be about 9% in December, a prominent grocery industry researcher said on Thursday.

Investors target consumer goods makers on fears of customer exodus over high prices

LONDON/NEW YORK, July 12 (Reuters) - Top U.S. and European investors are flagging their concerns about high prices to consumer goods companies, with Janus Henderson going so far as to cut some stakes it holds and shorting food makers it believes are at risk of losing customers.

Investors target consumer goods makers on fears of customer exodus over high prices

LONDON/NEW YORK, July 12 (Reuters) - Top U.S. and European investors are flagging their concerns about high prices to consumer goods companies, with Janus Henderson going so far as to cut some stakes it holds and shorting food makers it believes are at risk of losing customers.

WANdisco secures GBP200,000 renewal by Tesco for software support

(Alliance News) - WANdisco PLC on Monday said its software support and maintenance contract with Tesco Stores Ltd, part of Tesco PLC, has been renewed for a further two-year term.

BoE chief backs steps to tackle retailers over-charging

(Alliance News) - Bank of England Governor Andrew Bailey has said there was evidence that some retailers are overcharging shoppers and backed regulator moves to tackle so-called price gouging.