Economy – Page 15
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Analysis & FeaturesAre supermarkets doing enough to keep the prices of groceries down?
Amid soaring demand, supermarkets have been careful not to increase prices, but with promos axed to stabilise supply the effect is inflationary
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NewsFmcg brands worry government furlough scheme delays will hit cashflow
The government has said money will take six days to reach firms, but many are sceptical
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NewsCoronavirus: UK government announces £1.25bn package for ‘innovative firms’
The new scheme includes a £500m investment fund made up of cash from both the government and the private sector
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NewsGovernment considers calls to underwrite trade credit insurance
The government is considering requests from food and drink leaders and the wider insurance industry to underwrite trade credit insurance
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NewsCity snapshot: UK retail sales plummet as coronavirus crisis unfolds
UK retail sales have plunged sharply in March as the coronavirus crisis and resulting nationwide lockdown led to the worst drop on record. Plus, PZ Cussons warns of “significant” coronavirus impact as crisis boosts soap and hand wash sales but hits beauty division and all the rest of the latest news from the City.
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NewsCity snapshot: Treasury to increase loans available under government-backed scheme
The Chancellor is preparing to double the amount of interest-free cash available to larger companies hammered by the effects of the coronavirus pandemic
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NewsSMEs welcome government loan scheme revamp but warn of unanswered issues
Food & drink SMEs have welcomed the revamp to the government emergency loan scheme, but warned there remain issues to be ironed out
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NewsCity snapshot: Chancellor revamps coronavirus emergency loans programme
The Chancellor Rishi Sunak has announced a revamp of the government’s emergency loan measures to struggling SMEs by relaxing the criteria for eligible businesses and raising the limit on the size of companies that can apply. Plus, ABF leadership take pay cuts and all the rest of the latest news from the City.
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NewsCoronavirus demand surge supercharges grocery industry growth
The UK grocery industry experienced its strongest four-week period on record in March, with overall industry growth of more than 20% and the sales increase of established players rivalling that of the discounters
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NewsCity snapshot: Intu misses out on rents as shopping centres shut
Intu received barely 29% of rents due on its UK properties as most retailers turned down the shutters due to the coronavirus pandemic. Plus, Casino posts annual profits growth, UK retail sales slow in February and all the rest of the latest news from the City.
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Comment & OpinionCoronavirus and the City: Who’s been least and worst affected?
Global stock markets have crashed on mounting fears over the economic impact of the virus – but some share prices have plunged further than others
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NewsCoronavirus: HMRC to fast-track applications for distillers to shift to hand sanitiser production
HMRC has pledged to fast-track applications for spirits producers to use tax-exempt alcohol to shift production to hand sanitisers and gels amid a national shortage
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Analysis & FeaturesGPI finds food inflation continues to edge upwards
Supermarket inflation moved back to its second-highest level since mid-2018 in February as prices continue to move upwards.
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Analysis & FeaturesBudget 2020: Who were grocery’s big winners and losers?
The specific measures in Rishi Sunak’s first budget were a mixed bag for grocery
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NewsBudget 2020: The key takeaways for the grocery industry
The era of austerity is definitively over after Chancellor Rishi Sunak delivered a Budget full of spending commitments, but the specific measures were rather more mixed for the grocery industry
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NewsCity snapshot: Supermarkets enjoy green shoots of recovery in February
UK supermarkets saw the ‘green shoots’ of recovery in February, with small but positive growth in as total till sales improve to 0.7% in the last four weeks, according to Nielsen, and the strongest growth since November in the Kantar figures.
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NewsCity snapshot: Sainsbury’s prices fall but supermarket inflation persists
Sainsbury’s was the only big four supermarket to cut its prices year on year in January as the overall grocery sector remains in mild inflation.
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NewsCity snapshot: UK shop prices continue to fall but food prices accelerate
Despite overall decline, food prices accelerated in January as discounting returned to a more normal level following Christmas
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NewsUK food sales suffer largest drop since 2016
December marked a 1.3% slump in the volume bought across food stores, according to official ONS figures, the largest drop since December 2016
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NewsCity snapshot: Retail footfall slumps over Christmas
Footfall across UK retail destinations fell 2.5% over the Christmas period, with Black Friday and Boxing Day sales events failing to drive customers to the UK’s shops.