Economy – Page 16
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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.
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NewsUK retail sales suffer ‘worst year on record’ in 2019
2019 marked the first year to show overall decline in retail sales
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NewsCity snapshot: UK high street suffers worst year for a quarter of a century
UK retailers shed more than 140,000 employers and shuttered over 16,000 shops as the industry suffered its worst conditions for 25 years, according to the Centre for Retail Research.
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NewsCity snapshot: December sees sharp increase in consumer economic optimism
Expectations for the economic performance of the UK have increased sharply as consumer confidence begins to improve. Plus, both suitors of Just Eat have increased their offer for the online takeaway firm as the takeover saga moves towards a conclusion and all the rest of the latest news from the City.
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NewsRetail sales slump in the run-up to Christmas
UK retail sales fell back 0.6% in November, amid a continued slump in non-food sales.
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NewsUK inflation remains at three-year low despite rising food and drink prices
Rising food and drink prices failed to shift the UK’s overall measure of inflationary growth from a three-year low of 1.5% in November.
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NewsTory victory: food and drink industry reacts to general election result
Key industry observers have been sharing their initial reactions to the result and offering predictions for the weeks and months ahead
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NewsGeneral election: analysts react as supermarkets and UK consumer stocks are bolstered by decisive result
Analysts and City commentators on the implications of Boris Johnson’s landslide victory and what the result means for consumer stocks, the pound and UK plc