Tinned tuna and grocery producer Princes has warned it may raise prices as conflict in the Middle East drives up fuel and transport costs. The company said it is experiencing renewed inflationary pressures across road haulage and sea freight, with some carriers reintroducing fuel surcharges. It plans to introduce pricing measures where necessary to offset higher expenses.

The Liverpool-based group reported that it has secured around seventy per cent of its energy needs for 2026, giving it some protection against short-term volatility. It will continue to monitor energy, raw material, fuel, shipping and packaging costs as economic uncertainty persists.

Princes posted annual revenues of £1.9 billion for the year to December 31 and returned to profit with £55 million before tax, compared with a £6 million loss the previous year. The company said it remains confident in its strategy, is targeting at least £3 billion in revenues this year, and will pursue selective acquisitions to support further growth.