Brexit

[Mito Man]

And a lot of those companies are making massive profits because they're energy based.
Hang on, maybe Brexit started the Ukraine war

[Gavster]

FTSE100 is a poor measure of UK economy anyway as over 2/3 of its sales are from overseas. Just means that companies which are listed here are having a good time abroad.

Largely because those overseas profits are in dollars (or whatever) and are now a higher number in £ because Sterling has tanked and we have nearly 10% inflation. It needs to have gone up 10% just to - effectively - break even.

Good point about inflation. Food and non-acoholic beverages was at 16.7% in Jan, the highest since 1977. So it's true, some things really are thriving, it's very rare that we get such record-breaking inflation we might hit an ATH

[dinny_g]

It's interesting how the food thing appears to be a bit random. 2 weeks ago I couldn't get green beans, last week, no problem. 2 weeks ago, plenty of Broccoli, last week none. This week it's cucumber, peppers and tomato's but loads of Greens...

[Mito Man]

I was half tempted to make a moaning thread about it but last week I went into Tesco to grab a bite for lunch. I see this great fat cvnt with a trolley almost brimmed with broccoli and lettuce. This twat probably never had a piece of veg in his life. This was just as news came out the day before that Morrisons were limiting vegetables

[duncs500]

I hope someone told him how long fresh veg lasts! Not much point in panic buying more than you can eat.

According to our local market trader there is no shortage of tomatoes etc. he claims it's just that the costs have gone above what supermarkets are willing to pay (or pass on to the customers I suppose). Seems like there might be some sort of stand off going on. I guess he would say that as he's no doubt anti-supermarket, but equally he was fully stocked... so who knows.

[Mito Man]

Is it the CEO of Tesco, or someone else pretty high up their food chain who comes on the news every few months, complains that their bleeding money because they’re absorbing so much more costs, then their profits are announced and they’ve doubled

[Swervin_Mervin]

I hope someone told him how long fresh veg lasts! Not much point in panic buying more than you can eat.

According to our local market trader there is no shortage of tomatoes etc. he claims it's just that the costs have gone above what supermarkets are willing to pay (or pass on to the customers I suppose). Seems like there might be some sort of stand off going on. I guess he would say that as he's no doubt anti-supermarket, but equally he was fully stocked... so who knows.

Same locally to us. No issues with supplies inot the local stores/markets/veg boxes - just supermarkets struggling. Ah well.

[Broccers]

I am looking forward to the total sell out later today tho

Oh, do tell.

Check news.

Actually wasn't that bad on the face of it.

I'm happy with the chipping away and shaping the future. Rome wasn't built in a day

[Broccers]

I hope someone told him how long fresh veg lasts! Not much point in panic buying more than you can eat.

According to our local market trader there is no shortage of tomatoes etc. he claims it's just that the costs have gone above what supermarkets are willing to pay (or pass on to the customers I suppose). Seems like there might be some sort of stand off going on. I guess he would say that as he's no doubt anti-supermarket, but equally he was fully stocked... so who knows.

Same locally to us. No issues with supplies inot the local stores/markets/veg boxes - just supermarkets struggling. Ah well.

It's just bad planning by supermarket chains and their unwillingness to pay a decent amount for supply.

[Gavster]

Yup, supermarkets are really screwing us at the moment. They have upper price caps which they refuse to break and would rather have empty shelves than pay more. Normally, they would switch to other suppliers who can supply within that price range, however, we as a country are now the least attractive customer in all of Europe because of all the hassle getting food here, so EU suppliers literally cannot be fucked to send produce to the UK. Hence we get empty shelves.

Same with eggs. The only reason we have egg shortages is that packers and supermarkets won't increase their rates for producers, so producers stopped producing. We're on the cusp of exactly the same for milk too, processors have just reduced their price to farmers this month.

[Gavster]

I hope someone told him how long fresh veg lasts! Not much point in panic buying more than you can eat.

According to our local market trader there is no shortage of tomatoes etc. he claims it's just that the costs have gone above what supermarkets are willing to pay (or pass on to the customers I suppose). Seems like there might be some sort of stand off going on. I guess he would say that as he's no doubt anti-supermarket, but equally he was fully stocked... so who knows.

Same locally to us. No issues with supplies inot the local stores/markets/veg boxes - just supermarkets struggling. Ah well.

It's just bad planning by supermarket chains and their unwillingness to pay a decent amount for supply.

It's not about planning, but it is about unwillingness to pay.

[Broccers]

Same locally to us. No issues with supplies inot the local stores/markets/veg boxes - just supermarkets struggling. Ah well.

It's just bad planning by supermarket chains and their unwillingness to pay a decent amount for supply.

It's not about planning, but it is about unwillingness to pay.

Yes planning ahead to avoid empty shelves.

[Sundayjumper]

I am looking forward to the total sell out later today tho

Oh, do tell.

Check news.

FTSE100 is up 0.7% today. FTSE250 up nearly 1%. What news are you looking at ?

Screenshot 2023-02-27 171635.jpg (167.96 KiB) Viewed 349 times

[Broccers]

Oh, do tell.

Check news.

FTSE100 is up 0.7% today. FTSE250 up nearly 1%. What news are you looking at ?


Screenshot 2023-02-27 171635.jpg

Not sure what you're on about. Talking about ni deal today.

[Sundayjumper]

This. We were talking about FTSE. It wasn’t clear you’d changed topics.

FTSE100 is a poor measure of UK economy anyway as over 2/3 of its sales are from overseas. Just means that companies which are listed here are having a good time abroad.

OK so if it went down then that would be because of Brexit, yes?

I am looking forward to the total sell out later today tho, meds at the ready

[Broccers]

This. We were talking about FTSE. It wasn’t clear you’d changed topics.

FTSE100 is a poor measure of UK economy anyway as over 2/3 of its sales are from overseas. Just means that companies which are listed here are having a good time abroad.

OK so if it went down then that would be because of Brexit, yes?

I am looking forward to the total sell out later today tho, meds at the ready

We're talking about Brexit. There was no FTSE news today. Is this really that difficult? Oh yes it is as I'm being trolled

[Sundayjumper]

We're talking about Brexit. There was no FTSE news today. Is this really that difficult?

You were talking about FTSE:

FTSE100 is a poor measure of UK economy anyway as over 2/3 of its sales are from overseas. Just means that companies which are listed here are having a good time abroad.

OK so if it went down then that would be because of Brexit, yes?

Is this really that difficult ?

[Broccers]

I guess so.

[Broccers]

https://www.theguardian.com/politics/li ... itics-live

[V8Granite]

Yup, supermarkets are really screwing us at the moment. They have upper price caps which they refuse to break and would rather have empty shelves than pay more. Normally, they would switch to other suppliers who can supply within that price range, however, we as a country are now the least attractive customer in all of Europe because of all the hassle getting food here, so EU suppliers literally cannot be fucked to send produce to the UK. Hence we get empty shelves.

Same with eggs. The only reason we have egg shortages is that packers and supermarkets won't increase their rates for producers, so producers stopped producing. We're on the cusp of exactly the same for milk too, processors have just reduced their price to farmers this month.

It’s because they absolutely screw the growers.

Supermarkets say we want all your tomatoes, then when it’s a deal or an offer the grower has to take the hit. Now add that at any point they can refuse an order then they are double screwed, plus the cost of having to get rid of a load.

Dave!