Economy – Page 12
-
NewsCity snapshot: UK consumer confidence holds firm in June
UK consumer confidence remained at its highest post-pandemic level during June, although concerns over rising inflation have affected sentiment over the country’s economic prospects.
-
NewsCity snapshot: Grocery sales slide on hospitality reopening
Grocery sales slipped back 1.6% in the 12 weeks to 13 June, according to Kantar, as the reopening of pubs and restaurants led to reduced spend at UK supermarkets.
-
NewsFood and drink exports crash as Brexit and Covid combine
Exports of food and drink to non-EU markets topped those to the EU for the first time since the FDF began collecting figures
-
NewsCity snapshot: UK inflation rises to 2.1% in May as lockdown eases
Inflation has continued to soar in the UK as the relaxation of lockdown restrictions led to a rise in consumer spending. Plus, a third-quarter trading update from agri-services group Origin Enterprises.
-
NewsCity snapshot: May retail sales boosted by hospitality reopening
UK retails sales jumped 10% in May on a two-year basis, driven by buoyant consumer spending as the UK reopens from the coronavirus lockdown
-
NewsConfidence rises as food and drink companies see ‘light at end of tunnel’
An FDF survey found the rollout of the vaccine and the easing of lockdown restrictions were having a positive impact
-
Comment & OpinionHow food and drink spending will change in the Covid recovery phase
A new IGD report suggests there are grounds for optimism amid the uncertainty
-
NewsCity snapshot: UK retail sales surge as shoppers flock back to stores
Retail sales volumes jumped 9.2% in April as the easing or coronavirus regulations and the return of shoppers in stores boosted the industry. Plus, Oatly shares soar on market debut, UK consumer confidence rises and all the latest news from the City
-
NewsSupermarket price war drives down food prices for first time since 2017
Food prices have fallen for the first time in more than four years as supermarkets continued to slug it out in a bid to win shoppers, according to the latest figure from the British Retail Consortium and NielsenIQ.
-
NewsCity snapshot: Grocery growth stays strong as retail reopens and lockdowns lift
Grocery sales growth has remained in positive territory in recent weeks despite the reopening of wider retail, food service and the relaxation of social restrictions
-
NewsCity snapshot: Retail sales rebound ahead of reopening
Retail sales volumes continued to recover in March ahead of the reopening of non-essential shops, according to date from the Office of National Statistics
-
Analysis & FeaturesWhat does the reopening mean for food and drink stocks?
With the FTSE250 at pre-Covid levels, and the FTSE350 actually trading higher, we look at how grocery, retail, leisure and food to go stocks have fared
-
NewsCity snapshot: Home-focused goods growth help retail sales recover in March
Retail sales continued to recover in March, though this recovery was centred on specific ‘home centric’ categories as most sectors remain in significant decline
-
NewsCity snapshot: UK retail industry sees green shoots of recovery in March
The UK retail industry saw the green shoots of recovery in March as sales jumped by more than 40% year-on-year after a COVID-induced collapse a year ago. Plus, footfall begins to improve ahead of retail re-opening next week and all the latest news from the City.
-
Comment & OpinionFmcg will need to fight to hold on to profits as inflation rises
There are a number of complex factors exacerbating the inflation situation, not least elevated Covid costs, says Warren Ackerman, head of European consumer staples research at Barclays
-
NewsCity Snapshot: UK retail sector loses almost 190,000 jobs during coronavirus outbreak
News of almost 190,000 UK retail job losses since first lockdown comes as Prime Minister Boris Johnson confirmed yesterday that non-essential shops will re-open on 12 April
-
NewsCity snapshot: Grocery sales fall in March as industry laps 2020 lockdown
Grocery sales growth fell back in March as the industry lapped last year’s record-breaking spending during the first coronavirus lockdown,
-
NewsCity snapshot: Prices unexpectedly tumble in February as lockdown drags on
The rate of UK inflation has taken an unexpected fall in February as a result of continued discounting on clothes as retailers attempt to generate consumer interest as lockdown wears on. Food prices also fell again as the supermarkets battled it out over price.
-
NewsSupermarket sales growth remains at its highest level since June 2020
UK supermarkets are continuing to see the highest industry sales growth since the summer of 2020 as booming online sales mitigated a small drop in physical stores.
-
NewsCity Snapshot: Record online sales mitigate in-store like-for-like sales slide in February
Shuttered high street shops contributed to a 3.1% decline in total like-for-like sales in February but fashion and homeware helped drive online sales to a record high.