Economy – Page 18
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NewsCity snapshot: Retail footfall slumps in June as high street woes continue
Retail footfall slumped in June as poor weather and Brexit uncertainty continued to bash the struggling UK high streets. Plus, new FD for Real Good Food, Sports Direct delays results and all the rest of the latest news from the City.
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NewsGove warns of ‘significant’ no-deal Brexit challenges for food & drink sector
Defra Secretary of State Michael Gove said a no-deal will put a strain of the UK food & drinks manufacturing sector.
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NewsUK retail sales suffer ‘worst June on record’ as summer fails to shine
UK retail sales fell 1.3% as bad weather and Brexit uncertainty halted consumer spending.
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NewsCity snapshot: UK growth stalls amid stagnant economy and Brexit uncertainty
UK economic conditions remained stagnant in the second quarter of the year amid a fall in manufacturing output and the impact of ‘relentless Brexit uncertainty’, according to the British Chambers of Commerce.
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NewsCity snapshot: UK consumer confidence continues to fall in June
UK consumer confidence fell back once more in June, with all five measures of GfK’s consumer confidence index falling back and pointing to a ’turbulent’ summer.
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NewsWet weather washes out grocery sales growth
The wet start to the summer compared with last year’s heatwave and the run up to the men’s FIFA World Cup limited grocery market growth, according to the latest grocery market share data.
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NewsUK retail sales dip in May as rain dampens growth
UK retailers saw sales fall back last month as April’s record-breaking temperatures gave way to wetter weather in May.
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NewsCity snapshot: Online and discounters to drive 12.5% UK grocery market growth by 2025
The UK grocery industry is set to grow by £24.1bn by 2024 driven by surging online and discounter sales according to a report from IGD. Plus all the rest of the latest news from the City.
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NewsCity snapshot: Brexit stockpiling to hit future UK economic growth
The British Chambers of Commerce has released its latest economic forecast, upgrading its growth expectations for the UK in 2019 but downgraded forecasts in 2020 and 2021. Plus, Tesco hosts capital markets day and all the rest of the latest news from the City.
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NewsBusiness rates reform bill ‘not drastic enough’ warn experts
A number of Conservative leadership hopefuls have pledged to scrap business rates for high street SMEs
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NewsRetail suffers worst sales performance since 1995
Retail sales have suffered their worst month in nearly a quarter of a century, the latest data from the British Retail Consortium and KPMG has revealed.
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NewsCity snapshot: UK consumer confidence edges up in May
UK consumer confidence rebounded in Many according to GfK’s consumer confidence Index, but confidence in the country’s overall UK economic situation remains significantly lower year-on-year.
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NewsCooler spring weather hampers grocery sales growth
The latest grocery market share figures show supermarket sales growth has slumped in recent weeks to due the cooler temperatures compared to last year’s sunny spring weather.
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NewsTown centre vacancy rates soar
Vacancy rates in town centres have risen to their highest in four years, according to the latest BRC-Springboard Footfall and Vacancies Monitor.
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NewsWarm weather boosts food sales over Easter
Food enjoyed an upbeat April because of the warm weather over the Easter weekend, the latest BRC-KPMG retail sales monitor shows.
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NewsCity snapshot: Easter fails to halt high street sales slide
Good weather and the Easter holidays have failed to stem the decline of the UK’s suffering high street, with shopper numbers over the period down again according to BDO. Plus, Beyond Meat shares surge 170% on US stock market debut and all the rest of the latest news from the City.
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NewsGrocery sales growth hits 2019 high thanks to bumper Easter
The grocery sector is growing at its fastest rate this year thanks to a record £2.5bn Easter spend when shoppers took home £335m of Easter eggs and seasonal chocolate.
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NewsWarmer weather helps March retail footfall
Retail footfall increased 1.4% in March, according to the BRC-Springboard footfall and vacancies monitor, as warmer spring weather helped boost shopper numbers after a poor 2018.
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NewsRetail sales growth slows amid Brexit uncertainty
UK retail sales growth significantly slowed in the first three months of the year amid Brexit-related caution, specialist cake retailer Cake Box saw reported a slowdown in like-for-like sales and the rest of the City news
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NewsMedia Bites 9 April: Retail sales, Tesco, Holland & Barrett
Growth in UK retail sales slowed markedly in the first three months of this year as Brexit uncertainty made shoppers more cautious