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The Latest Breaking News from NIQ

Shop price inflation slows despite soaring cost of fresh food

Overall shop price inflation has slowed to 1%, but fresh food is now 4.3% more expensive than a year ago, according to the BRC-NIQ Shop Price Monitor.

Evening Standard

Mountain Dew, Gatorade and Cheetos to undergo makeover amid health fears

PepsiCo is looking at purple sweet potatoes and carrots to color drinks like Mountain Dew and Cherry 7Up

The Independent UK

Retailers say tax rises could further fuel inflation as shop prices jump

BRC says households are finding shopping increasingly expensive after annual shop price inflation rises to 1.4%

The Guardian - UK

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Non-food prices drive up inflation in September

Shop price inflation has jumped to 1.4% from August’s 0.9%, according to the British Retail Consortium (BRC)-NIQ Shop Price Monitor.

Evening Standard

Food inflation jumps to 18-month high as chocolate and butter prices rise

Food inflation lifted to 4.2% this month from 4% in July, according to according to the British Retail Consortium-NIQ Shop Price Monitor.

Evening Standard

NIQ Global Intelligence Targets $57 Billion Market As Analysts Highlight AI, Margins

As the market for consumer data analytics continues to expand, companies like NIQ Global Intelligence PLC (NYSE:NIQ) are positioning themselves to capitalize on growing demand. This trend has caught the attention of analysts who are now beginning to offer their insights on NIQ after the company last month priced its…

Benzinga

NIQ CEO on going public: ‘We’re sitting on a goldmine of data. We cover 85% of the world’s population’

Also: All the news and watercooler chat from Fortune.

Fortune

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TGI Fridays Leicester Square flagship shuts down

But the hospitality showed remarkable resilience last year according to new figures

Evening Standard

UK diners already fear the bill, but the budget just raised it again, warn restaurateurs

UK Hospitality says members would have to hike prices 8% to cover the extra cost of hiring staff under new employer NIC rates

The Guardian - UK

Asda owners under pressure as chain’s share of market hits ‘new nadir’

Sales fell 6.4% in the three months to 10 August as chain becomes the only one of the big four to see sales drop

The Guardian - UK

Britain's embattled hospitality sector sees signs of a revival at last

The number of licensed premises has risen by 0.5% since March in the first quarterly increase in two years

Evening Standard

UK Supermarket Sales Increase By 5.4%: NIQ Research

Recent report shows 5.4% surge in UK supermarket sales, reflecting consumer confidence and changing shopping habits.

Top News

Americans are 'hunkering down' and cutting back on food purchases

"We’re spending more, but we’re buying less.”

Fortune

Rethinking auditing and transparency in the age of A.I.

In today’s world of increasing disclosures, such as ESG and cybersecurity, the responsibility of the internal audit continues to expand and has become even more critical.

Fortune

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Daily Mirror

Own-label groceries are flying off the shelves as hard-pressed Brits feel the pinch

Market research group NIQ found own-labels now account for 63% of all packaged consumer goods – up from 62.1% last year

The Guardian - UK

Has the vegan bubble burst? Sales stagnate in UK as brands withdraw plant-based products

Oatly, Nestlé and Innocent Drinks are among those withdrawing products from shelves as market shows signs of slowing down

Evening Standard

Family-run pubs remain exposed after London hit hardest by Covid closures

London landlords are facing the end of government support and are hoping for drinkers to keep coming back to the pub

The Independent UK

Almost 4,600 hospitality firms close in year as energy bills rocket – figures

Restaurants suffered a particularly damaging year, with the number of licensed restaurants shrinking by 7.8% over the year.

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The Independent UK

Revealed: The great Brexit pubs and clubs shutdown

Number of hospitality venue closures soars six-fold in a year - triggered by EU staff shortages

Benzinga

nCino Analysts Cheer Q2 Beat Amid Uncertain Macros

nCino, Inc (NASDAQ:NCNO) reported Q2 revenues of $99.6 million, up 50% Y/Y, beating the consensus. Adjusted EPS loss of $(0.04) surpassed the consensus. KeyBanc analyst Josh Beck maintained an Overweight and lowered the price target from $40 to $35. nCino reported solid results similar to the adjusted prior-quarter result driven by a potent mix of go-lives,…

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