Nike shares tumble as sell warnings rattle retailers

Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. Shares in Nike fell sharply on Friday after the world’s largest sportswear maker by revenue warned that sales would fall this year, roiling shares of companies including JD Sports and Foot Locker. Nike reported weaker-than-expected … Read more

UK diesel prices highest in Europe: retailers accused of profiteering

Petrol stations operated by supermarket chains such as Asda, Tesco, Morrisons and Sainsbury’s contribute significantly to this price increase. ADVERTISEMENT Daily price comparisons in the UK show that retailers are slow to pass on savings to drivers. New research from automotive group RAC shows that British drivers now spend an average of around 20 cents … Read more

Retailers accused of keeping petrol and diesel prices high for no good reason as Britain is distracted by the election

The RAC says there is “no good reason” why prices have not been reduced, as wholesale costs have fallen since the end of April. The car group has called on the regulators to take action. By means of Daniel Binns, business reporter Monday June 17, 2024 07:42, UK Fuel retailers have been accused of using … Read more

Mama’s viral hack reveals the secret codes supermarkets use for food

A mum has shared the secret behind the recent cryptic codes appearing on food packaging in supermarkets, with shoppers hailing the advice as ‘amazing’. Gemma Bird, 42, from Essex, is also known as ‘Money Mum’ and regularly shares money-saving tips and encourages fellow parents to take part in ‘No Spend’ and ‘Make Money’ days. The … Read more