UK economy

Beyond Meat’s sales plunge as shoppers seek cheaper options

by
Beyond Meat’s sales plunge as shoppers seek cheaper options

Thanks for joining me. The supplier of McDonald’s McPlant burger has revealed its revenues slumped by nearly a third as shoppers turned to cheaper animal meat. Beyond Meat shares have slumped 12pc in after hours trading after it lowered its profit forecast for the year amid “softer demand in the plant-based meat category”. 5 things … Read more

Shoppers stay away as interest rate rises start to bite

by
Shoppers stay away as interest rate rises start to bite

Thanks for joining us. Rail strikes and rain dealt a blow to the high street last month, as shoppers opted to stay at home rather than venture into city centres. Retailers face further pain as consumers grapple with the impact of rising interest rates, which the Bank of England is expected to raise for a … Read more