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5 Things You Need To Know, Today, on Tuesday 30th May 2023

05:51, 30th May 2023
AudioBoom | https://audioboom.com/posts/8308913-5-things-you-need-to-know-today-on-tuesday-30th-may-2023

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5 Things You Need To Know, Today, on Tuesday 30th May 2023

1. Food inflation in the UK has slowed from April's record-breaking rise - but is still up more than 15% on the year.

Research by the British Retail Consortium (BRC) and Nielsen shows a 15.4% rise in food inflation in the year to May, down slightly compared with April's record-breaking increase of 15.7%.

(Click here to read more)

2. Only a third of UK hospitality businesses are optimistic about their future due to high energy prices and rising food costs, industry bosses have warned.

Pubs, bars and restaurants say their energy prices have surged an average of 81% over the past year, on top of rising food and wage bills.

(Click here to read more)

3. A loophole allowing retailers to give free vape samples to children is set to be closed under government plans to curb their use among young people.

A new crackdown on vape marketing would prevent the "unacceptable" targeting of children and teens, including a review into the rules around the sale of "nicotine-free" products to under-18s.

(Click here to read more)

4. Parents and grandparents who work in Amazon warehouses will be able to choose to work in term-time only.

Amazon said the new contract will mean people with children to look after can take six weeks of holiday in summer and two weeks at Easter and at Christmas.

(Click here to read more)

5. Apple supplier Foxconn is ramping up efforts to recruit more workers for the world's largest iPhone factory, ahead of the launch of a new model.

Foxconn says new workers at its plant in Zhengzhou, China will get bonuses of up to 3,000 yuan ($424; £343) if they stay in the job for at least 90 days and current employees who successfully refer a friend or family member will also qualify for an award, it says.

(Click here to read more)

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The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.

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