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Private label ousting big brands as cost of living crisis grows

By Richa Naidu LONDON, Aug 24 (Reuters) - Tomasz Łuksza, who took over his father's Polish confectionary business just over a decade ago, has a problem he's not unhappy about: European supermarkets want more gummy bears and chocolate-covered marshmallows than he can make. "We're seeing at least two times the demand of last year and we can't take all the orders," said Łuksza, managing director and owner of 3 Topole, which supplies the private label brands of French retail giant Carrefour CARR.P
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Drinkers, smokers seek respite from gloom by trading up

By Richa Naidu LONDON, July 28 (Reuters) - Soaring inflation has made life harder for most of the world - but some people are still smoking expensive cigarettes and doing shots of fancy tequila. From British American Tobacco BATS.L to Tanqueray gin maker Diageo DGE.L , cigarette and alcohol companies cited strong demand for high-end products people can't seem to shake when they reported results this week.
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Drinkers, smokers seek respite from gloom by trading up

By Richa Naidu LONDON, July 28 (Reuters) - Soaring inflation has made life harder for most of the world - but some people are still smoking expensive cigarettes and doing shots of fancy tequila. From British American Tobacco BATS.L to Tanqueray gin maker Diageo DGE.L , cigarette and alcohol companies cited strong demand for high-end products people can't seem to shake when they reported results this week.
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Cost of living crisis? Consumers keep spending for now

By Richa Naidu and Sachin Ravikumar LONDON, July 27 (Reuters) - Consumer-focused firms are seeing no shortage of demand despite the soaring cost-of-living, prompting several to upgrade sales forecasts for the current year, though questions remain about how long that will last. While some consumers are shielding themselves from price hikes by trading down to own label products, enough are spending more for McDonalds MCD.N to risk lifting the price of a cheeseburger in Britain for the first time i
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Financial Times - July 6

July 6 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - Royal Mail managers to strike over proposed job and pay cuts Link - Tesco squares up to Mars Petcare over price of Whiskas Link - Shell signs up to Qatar project as LNG demand booms Link - Sainsbury's sales fall as customers cut back spending Link Overview - Managers at Britain's Royal Mail RMG.L will hold two rounds of industrial
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UK Stocks-Factors to watch on June 30

June 30 (Reuters) - Britain's FTSE 100 index .FTSE is seen opening lower on Thursday, with futures FFIc1 down 1.64%. * IAG: International Airlines Group ICAG.L said it had converted options for 14 A320neo family Airbus jets, announced in 2013, into firm orders for 11 A320neos and three A321neos. * ASTRAZENECA: AstraZeneca AZN.L said its cancer drug Imfinzi, when given along with neoadjuvant chemotherapy in a late-stage trial, showed promise in helping patients with an aggressive form of lung can
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British Business - June 30

June 30 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Whitbread Plc WTB.L on Wednesday named Dominic Paul, the boss of the British franchisee for U.S.-based Domino's Pizza DOM.L , as its new chief executive, replacing Alison Brittain.
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War, peace, inflation

A look at the day ahead in markets from Sujata Rao. Feb 16 was when Russia was meant to invade Ukraine, according to the White House, but Moscow's signals that it was pulling back some troops massed at Ukraine's borders lifted Wall Street on Tuesday and fuelled a selloff in safe-haven Treasuries and German Bunds. Market gains are extending into Wednesday -- Japan's Nikkei rose 2.2% and European bourses open higher, yet U.S.
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From Kisses to Kleenex, consumer-product makers plot additional U.S. price hikes

By Siddharth Cavale and Uday Sampath Kumar Feb 4 (Reuters) - From Hershey HSY.N to Clorox CLX.N and Kleenex maker Kimberly-Clark KMB.N , major consumer-products companies have announced plans to boost U.S. prices further or more broadly than previously proposed this year, signaling that the fastest inflation rate in a generation may not ebb soon. Product makers generally hold conversations with U.S.
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Supply chain problems crimp profit at Buffett's Berkshire Hathaway; cash sets record

By Jonathan Stempel Nov 6 (Reuters) - Warren Buffett's Berkshire Hathaway Inc BRKa.N said on Saturday that global supply chain disruptions kept a lid on its ability to generate profit, while rising equity prices caused it to sell some stocks and boost its cash hoard to a record. Operating profit rose 18% but missed analyst forecasts, as a resurgence in COVID-19 cases fueled by the Delta variant of the coronavirus caused goods shortages and crimped consumer spending, while damage from Hurricane I
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