Bloomberg Inflation on British groceries jumped to another record high in January with little sign of the price rises slowing on the consumers’ weekly shop. The rate hit 16.7% in the four weeks to Jan. 22, up from 14.4% in December, reaching the highest level since Kantar started tracking the data in 2008. The increase adds an extra £788 ($973) ...

  Bloomberg Samsung Electronics Co., the world’s biggest smartphone maker, expects the smartphone market to contract in 2023. The Suwon, South Korea-based Galaxy device maker said it sees demand for mobile devices shrinking in the current year, even after the economic challenges and disappointing sales of 2022. The company detailed its biggest profit drop in over a decade, saying “the ...

  Bloomberg Arla Foods AB, the Danish maker of Lurpak butter, expects the cost of dairy products to fall sharply in 2023 in the UK after becoming a hot spot of inflation. The boss of the UK’s biggest dairy producer said he is confident that all the cost pressures facing its farmers have now passed though. The remarks open the ...