Blog: Much-maligned ONS figures set for change
Dean Best | 15 May 2009
There is not a great deal of faith in official bodies in the UK right now and, today (15 May), eyebrows were raised when it emerged that the country's stats office is to change the way it measures retail sales.
The Office for National Statistics is to revise the methodology behind the stats, which have been criticised by the retail industry in the past for over-estimating sales.
According to the ONS, the changes to the system has been drawn up after advice from the Bank of England and the Treasury.
Given the confusion and lack of clarity emanating from those two bodies over the state of the economy, it's unclear whether the ONS will be armed with more accurate sales figures.
Danone completed its US$12.5bn acquisition of WhiteWave Foods this week. The move will roughly double Danone's presence in North America, where WhiteWave is a top four dairy player. ...
Premier Foods plc revealed today (28 March) it has secured a deal with its pension scheme trustees that will see the UK food maker reduce its pension burden....
Hain Celestial, under the scrutiny of the investment community in recent months and facing some challenges in its domestic market, has announced another shuffling of its management pack....
FrieslandCampina, which today served up higher profits but lower sales for 2016, is ready to offload the last non-dairy business owned by the Dutch cooperative giant....
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