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BBCNEWS Nicky Campbell June 4, 2024 09:21:00 - Vimarsana News

BBCNEWS Nicky Campbell June 4, 2024 09:21:00

Are of a certain age, you are a couple of years older than me, we may remember 15 years ago when we used to have tracker mortgage that was below the bank of england base rate. i can remember having a tracker mortgage at 0.76 below the bank of england base rate. if the bank could afford it then, i'm sure they can afford it now. the banks, i think, are making an awful lot of money at the moment, their profits are huge. another caller said converting to interest only, i think lenders should be more agreeable to that because the point is, if you apply for an interest only mortgage to date with ano...

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BBCNEWS Talking Business June 4, 2024 16:34:00 - Vimarsana News

BBCNEWS Talking Business June 4, 2024 16:34:00

Have the same access to the profit structures of our branded suppliers, but we do challenge them as hard as we possibly can. ok, so let's start with the raw ingredients. take wheat, for example. before the pandemic, about four years ago, a bushel of wheat was trading on the market at $4.70. that spiked when russia invaded ukraine one year ago. the same amount of wheat went up to almost 13 bucks a bushel. but at the end of march this year, it was sitting at around $7, much less than the peak, but still 47% higher than before the pandemic. it's a similar story with cooking oil. before the pandem...

BBCNEWS Talking Business June 4, 2024 10:34:00 - Vimarsana News

BBCNEWS Talking Business June 4, 2024 10:34:00

And, you know, we don't have the same access to the profit structures of our branded suppliers, but we do challenge them as hard as we possibly can. ok, so let's start with the raw ingredients. take wheat, for example. before the pandemic, about four years ago, a bushel of wheat was trading on the market at $4.70. that spiked when russia invaded ukraine one year ago. the same amount of wheat went up to almost 13 bucks a bushel. but at the end of march this year, it was sitting at around $7, much less than the peak, but still 47% higher than before the pandemic. it's a similar story with cookin...

BBCNEWS Talking Business June 4, 2024 23:33:00 - Vimarsana News

BBCNEWS Talking Business June 4, 2024 23:33:00

And we have an agreed kind of profit margin for them on top of their raw material costs and their operating costs. so we know exactly what's going on there. and, you know, we don't have the same access to the profit structures of our branded suppliers, but we do challenge them as hard as we possibly can. ok, so let's start with the raw ingredients. take wheat, for example. before the pandemic, about four years ago, a bushel of wheat was trading on the market at $4.70. that spiked when russia invaded ukraine one year ago. the same amount of wheat went up to almost 13 bucks a bushel. but at the ...

BBCNEWS Talking Business June 4, 2024 16:34:00 - Vimarsana News

BBCNEWS Talking Business June 4, 2024 16:34:00

Ok, so let's start with the raw ingredients. take wheat, for example. before the pandemic, about four years ago, a bushel of wheat was trading on the market at $4.70. that spiked when russia invaded ukraine one year ago. the same amount of wheat went up to almost 13 bucks a bushel. but at the end of march this year, it was sitting at around $7, much less than the peak, but still 47% higher than before the pandemic. it's a similar story with cooking oil. before the pandemic, a pound of soybean oil was trading at around $0.29. after the war began, that shot up to nearly $0.76, so more than doubl...