Economy – Page 17
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NewsCity snapshot: UK shop closures surge to record levels
Heightened restructuring activity has seen the half-year net reduction in stores on Britain’s high streets hit record levels according to research by the Local Data Company and PwC.
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NewsRetail footfall drops amid continued Brexit uncertainty
Retail footfall continued its downward trend in August amid weakening consumer confidence and Brexit uncertainty
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NewsCity snapshot: BRC rejects Gove reassurances over food shortages
The British Retail Consortium has labelled cabinet minister Michael Gove’s reassurances over shortages of fresh food under a no-deal Brexit scenario “categorically untrue”.
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NewsConsumer confidence slips amid mounting pre-Brexit nerves
UK consumer confidence slipped back this month, as mounting Brexit uncertainty led to consumers feeling increasingly nervous
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NewsUK shop prices fall in August amid high levels of promotions
UK shop prices have continued to slump in August as weak consumer spending and mounting competition led to higher discounting within the retail sector
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NewsUK retail sales crumble at fastest rate in over 10 years
CBI figures showed that, in the year to August, both retail sales volumes and orders fell at the fastest pace since December 2008
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NewsManufacturing output stabilises following July slump
Manufacturing output stabilised in the three months to August, following a drop in July, the latest monthly Confederation of British Industry Industrial Trends Survey shows
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NewsSainsbury’s outperforms rivals in flat grocery market
Grocery sales flatlined in the 12 weeks to 11 August 2019 as the tough comparisons with 2018’s strong summer continue to hamper food and drink sales growth.
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NewsJeremy Corbyn unveils plan to prevent high street ‘retail apocalypse’
Labour leader is expected to announce plans to give councils new powers to re-open abandoned empty shops
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NewsRetail sales record ‘surprise’ jump in July but food volumes dip
UK retail sales registered a “surprise” increase in July with volumes riseing 3.3% year-on-year
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NewsCity snapshot: Retailers demand ‘fixing’ of ‘outdated’ business rates
Representatives of more than 50 high street retailers have urged Chancellor Sajid Javid to take action. Plus, meal kit provider HelloFresh sees 37% quarterly sales jump and first group-wide profit, organic sales slip at Henkel and all the rest of the latest news from the City.
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NewsJuly retail footfall worst in seven years
Retail footfall continued to decline in July, marking the worst performance for the month since 2012. Plus, New Zealand dairy giant Fonterra takes £300-plus writedowns on global businesses and all the rest of the latest news from the City.
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NewsNumber of food & drinks suppliers in ‘distress’ grows amid economic slowdown
The number of food & drinks manufacturers in financial distress has increased by a further 3%, as Brexit uncertainty and weak consumer spending took its toll
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NewsUK retail woes continue with ‘worst July on record’
Retail sales in the UK continued to disappoint with the latest performance marking the ‘worst July on record’
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NewsUK shop prices continue falling in July dragged by non-food deflation
UK shop prices fell 0.1% in July, marking the second consecutive month of deflation since October 2018
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NewsRetail employment keeps slides amid changing consumer behaviours
Retail workforce numbers fell 2.3% in the second quarter with 72k jobs lost in the three months to June
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NewsUK food-to-go sector predicted to double grocery growth by 2024
The UK food-to-go sector is on track to be worth £23.4bn by 2024, more than doubling the growth rate of the wider food & grocery retail market
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NewsCity snapshot: Grocery sales fall for the first time in three years
Grocery sales have fallen back for the first time in three years as last year’s record early summer temperatures hit year-on-year comparisons. Plus, first half profits plunge at McColl’s, Fever-Tree first half sales rise 13% and all the rest of the latest news from the City.
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NewsCity snapshot: UK Consumer confidence remains low in second quarter
UK consumer confidence has remained unchanged in the second quarter of the year as strong earnings and jobs data failed to offset the uncertainty of a no-deal Brexit.
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NewsUK retail sales rise in June according to official figures
The latest ONS figures paint a brighter picture for UK retailer with retail sales improving both on a monthly and annual basis