Economy – Page 20
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NewsGrocery spending slows down in October
Grocery shoppers spent less in October 2018 compared to the same time last year, according to newly released grocery market share data from Nielsen and Kantar Worldpanel.
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Comment & OpinionChancellor’s Budget plonks wine trade right in it
Freezing duty for beer, (most) cider and spirits but not wine is hugely unfair and deeply damaging
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NewsCity snapshot: Chancellor to announce High Street rates relief
The Chancellor is set to attempt to ease the pressure high street retailers by cutting business rates bills by a third for almost half a million small high street shops, Patisserie Valerie is the centre of takeover bid and the rest of the City news
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NewsCity Snapshot: Supermarket price inflation slides to 0.1%
Price rises triggered by the post-Brexit fall in the pound have almost completely subsided as supermarket price inflation reached its lowest level for 20 months, Produce Investment’s falls to a £9.5m loss and the rest of the news from the City
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NewsSupermarket price inflation at lowest level for 20 months
The Grocer Price Index edged back up to 0.1% in September but is still at its lowest level for months
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Analysis & FeaturesOC&C Top 150 2018: On the edge
No sooner has the industry’s growth engine finally spluttered into life, than suppliers find themselves hurtling towards a potential no-deal Brexit
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NewsGlow of summer grocery sales boom begins to fade
The hot weather triggered a bumper summer for the grocers, but the latest market share data suggests spending has slowed in more recent weeks.
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NewsIndustry leaders call for 'urgent clarity' over exports plans
The response comes to a new government export strategy that was unveiled this week
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NewsHot weather and branded growth boost supermarket sales by 3.5%
Growth of branded products, which outstripped own-label sales for the first time since May 2015, helped grocery sales rise 3.5% over the 12 weeks to 12 August according to Kantar Worldpanel.
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NewsRetail footfall falls in July but high street stabilises
Retail footfall fell back another 0.8% in July as the hot weather hit shopper numbers, but the high street showed a modest recovery after numbers plunged last year.
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NewsHeatwave boosts July food sales but general retail fails to perform
Monthly food sales hit their highest level for five years in July driven by the World Cup and hot summer, but the rest of the retail industry failed to fire.
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NewsWarm weather and World Cup help grow supermarket sales by 2.1%
Warm weather and the start of the World Cup have helped overall supermarket sales rise 2.1% in the 12 weeks to 17 June, marking 25 consecutive periods of industry growth, according to Kantar Worldpanel.
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NewsWarm weather boosts UK retail spending in May
UK retail sales defied expectations to jump up for the second month in a row in May, buoyed by the warm weather, according to the monthly retail statistics from the ONS.
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NewsCity snapshot: Retail footfall returns to modest growth in May
Retail footfall continued to fall in May despite the hot weather, but showed a marked improvement from the footfall collapse of March and April. Plus, dairy exec joins the board of Produce Investments, a look ahead to events this week and all the rest of the latest news from the City.
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NewsCity snapshot: Supermarket inflation eases to 1.1% in May
The Grocer Price Index measure of supermarket inflation fell from 1.2% to 1.1% as Tesco recorded its lowest level of inflation for almost a year. Plus Distil shares rise after year of double-digit growth and all the rest of the latest news from the City.
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NewsTesco contributes £37bn to wider UK economy, finds report
KPMG estimated that Tesco indirectly supported the equivalent of nearly 450,000 jobs in the UK
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NewsWarmer weather boosts retail spending in May
UK retail sales recovered in May as better weather brought consumers back onto British high streets, with sales growth at its fastest for more than four years.
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NewsCity snapshot: Warm weather drives grocery sales up 2.7%
Grocery sales jumped up 2.7% over the most recent 12 week period as the early summer weather boosted food and drinks sales, according to the latest grocery market share figures from Kantar Worldpanel. Plus, annual profits jump 25.4% at B&M European Value Retail, retail prices fall 1.1% and all the rest of the news from the City.
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NewsFood & drink exports boosted by EU sales growth
UK Food and drink exports jumped up 5.5% in the first quarter of 2018, driven by strong growth in EU markets
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NewsDamp weather slashes retail footfall in April
Retail footfall in April plunged by 3.3% year-on-year as the wet start to the month hit shopper numbers across the country, leading to the worst two-month figures since the depth of the recession in 2009.