Economy – Page 21
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NewsCity snapshot: Grocery inflation rises as soft drinks prices spike
Supermarket price inflation rose again last month as the advent of the ‘sugar tax’ caused a spike in the price of soft drinks. Plus, packaging group Smurfit Kappa Group posts underlying first quarter growth of 7%, Kellogg’s organic net sales rise 0.6% in Q1 and all the rest of the latest news from the City.
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NewsAlmost 45,000 retailers in "significant financial distress" after difficult first quarter
The number of retailer under “significant financial distress” in the UK has increased 21% following a quarter of decreased consumer spending
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NewsCity snapshot: Grocery growth eases to slowest rate for a year amid 'pivotal moment'
The overall grocery market grew at its slowest rate for over a year at 2%, while a combined Sainsbury’s and Asda would result in a combined entity with a potential grocery market share of 31.4% according to Kantar Worldpanel. Plus, the latest market share figures from Nielsen, Just Eat’s first quarter sales jump 49%, DS Smith posts pre-close update and all the rest of the latest news from the City.
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NewsCity snapshot: Consumer confidence falls back again in April
GfK’s Consumer Confidence Index decreased two points in April 2018 – the 28th consecutive month without a positive overall index score, trading updates from Coca Cola European Partners, PepsiCo and Hershey after a busy day in the US and all the latest news from the City.
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NewsUK inflation falls to 2.5% but food inflation edges back upwards
UK inflation has fallen to its lowest rate in a year, though food price inflation edged up to a new high of 3.1%, according to the Office of National Statistics.
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NewsRetailers suffer worst drop in footfall since 2010
Footfall was down 6% year on year in March, with the high street seeing an 8.6% drop
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NewsScottish retailers 'hardest hit' with store closures
PwC research compiled by the Local Data Company showed almost 300 high street retail closures in Scotland
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NewsFood sales jump drives 1.4% retail sales growth in March
The latest BRC-KPMG Retail Sales Monitor shows UK retail sales increased by 1.4% in March on a like-for-like basis, driven by a 4.2% jump in like-for-like food sales.
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Analysis & FeaturesCity snapshot: Supermarket price inflation plunges to 0.8%
Supermarket inflation has fallen to its lowest level for over a year, according to the latest figures from The Grocer Price Index, while Sainsbury’s has become the first supermarket to show monthly deflation since February 2017. Plus, consumer stocks surge on market recovery all the rest of the latest news from the City
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NewsEurope-wide grocery spend surges as inflation bites
The amount Europeans spent on groceries climbed 4.4% in the final quarter of 2017 – the highest rise since early 2012, Nielsen’s latest retail performance data reveals.
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NewsUK retail sales return to growth in February
The rising cost of goods boosted retail sales in February according to the Office of National Statistics, with value sales growth significantly outpacing volume increases in purchases compared with the previous month.
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NewsPanic-buying shoppers empty shelves over weekend
Stores along a 19-mile stretch between Hayle and Truro in Cornwall sold out of bread, eggs, vegetables and milk
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Comment & OpinionBuild trust in cryptocurrency
We are on the cusp of a new world where e-commerce becomes b-commerce: Bitcoin commerce…
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NewsCity snapshot: Retail footfall falls again in February
Retail footfall declined by 0.5% in February according to the latest BRC – Springboard footfall and vacancies monitor, though this latest decline marked an improvement on recent falls in shopper numbers. Plus, consumer spending made its weakest start to the year since 2012 and all the rest of the latest news from the City.
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NewsCity snapshot: Strong February propels grocery sales up by 3.2%
Grocery sales jumped by by 3.2% in the 12 weeks up to February 25, according to the latest grocery market share results from Kantar Worldpanel. Plus market share figures from Nielsen, sales surge at Just Eat but shares hit by surprise loss, PureCircle returns to growth and all the rest of the latest news from the City.
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NewsFood growth drives 0.6% monthly increase in retail sales
Retail sales were up 0.6% in February, according to the BRC/KPMG Retail Sales Monitor, with strong food sales wholly responsible for overall growth.
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NewsEasing food price inflation deepens overall retail deflation
Shop prices have eased in February, according to the latest British Retail Consortium and Nielsen Shop Price Index, as deflation increased to 0.8% amid easing food price inflation.
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NewsConsumer spending power still on the wane, according to Asda
Average spending power fell again in January to extend the squeeze on household incomes, according to the latest Asda Income Tracker.
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NewsTesco continues to prop up overall inflation in grocery
Tesco recorded its highest level of price inflation for over five years last month
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NewsIrish food and drink exports rise 13% to hit record high
The UK remained Ireland’s key export market, accounting for 35% of total exports