Economy – Page 22
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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
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NewsUK inflation rises to highest level since 2012
The UK Consumer Prices Index has risen to 3.1% in November – its highest level since March 2012.
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NewsCity snapshot: Highest inflation since 2013 drives 12-week grocery sales up 3.1%
Grocery sales for the 12 weeks to 3 December rose by 3.1%, according to the latest market share figures from Kantar Worldpanel
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NewsSuper-strength cider tax hike is punitive, claim cidermakers
Philip Hammond said the tax crackdown would target “excessive alcohol consumption by the most vulnerable people”
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Analysis & FeaturesAutumn Budget 2017: the food & drink industry reacts
Chancellor Philip Hammond has announced his Autumn Budget, unveiling an increase to the national living wage, an April switch to CPI for business rates - and a surprise freeze in beer duty. Here’s how key industry bodies and companies have reacted.
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NewsMary Portas urges Budget freeze on business rates
Business rates bills from 1 April next year are set to rise by £1.15bn in England
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NewsConsumer spending to flatline over festive period
Spending by UK shoppers is set to slump in the run-up to Christmas as new research from Visa suggests consumer activity will be hit by weak wage growth and higher prices.
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NewsCity snapshot: Retail footfall slumps in run-up to Christmas
UK retail footfall fell by 2% year-on-year in October according to the BRC Springboard footfall and vacancies monitor – the largest rate of decline since the vote to leave the EU in June 2016. Plus sales jump but profits plunge at Carr’s Group and all the rest of the latest news from the City.