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Chancellor John Healey warns retailers that the government is monitoring for profiteering on food and fuel prices as the Iran conflict drives up costs, though he says no significant price gouging has been detected so far.
A judge approved a rescue plan for TG Jones, the renamed WH Smith high street business, but expressed significant doubts about its turnaround prospects, calling it an “adventurous equity play” with “very considerable” execution risks.
US beef prices have reached record highs, but ranchers, feedlot operators, packers, and restaurants report minimal profit gains as costs throughout the supply chain have simultaneously increased.
English vegetable farmers face severe losses from the driest July in 190 years, while winemakers prosper from hot, dry conditions that enable new wine varieties.
Accell, the Dutch parent company of historic Nottingham bicycle manufacturer Raleigh, has initiated insolvency proceedings after determining it can no longer meet its financial obligations.
Persimmon lifts full-year guidance to 12,500 homes, citing optimism around PM Burnham’s housing agenda despite mounting cost pressures from Middle East tensions.
