UK food prices to rise as pound drop stirs grocers dispute

October 13, 2016 9:58 AM

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UK food prices to rise as pound drop stirs grocers dispute

LONDON – Consumer goods giant Unilever says prices in Britain on cherished items like Marmite spread are likely to rise after the sharp drop in the value of the pound following Britain's decision to leave the European Unison.

But the company's finance chief, Graeme Pitkethly, said Thursday he's hopeful for the quick resolution of a dispute with supermarket giant Tesco that has resulted in stock being pulled from the store's website.

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