Economy – Page 23
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NewsCity Snapshot: Food growth boosts slowing July retail sales
UK retail sales rose by 0.9% year-on-year in July as strong food sales supported weakening overall sales growth, according to the latest BRC-KPMG Retail Sales Monitor. Plus, Pets at Home sees quarter sales rise, Worldpay wants more time to tie-up merger and all the rest of the latest news from the City.
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NewsCity snapshot: UK consumer spending slumps to four-year low
UK consumer spending has fallen for the third consecutive month, according to Visa, marking the longest streak of spending decline for over four years. Plus, Worldpay UK boss moves to bookmaker Paddy Power Betfair, Carr’s Group makes acqusition and all the latest from the City
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NewsEssex family food store forced to close after 17 years
The Food Company in Marks Tey, Colchester, will cease trading on 29 July
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NewsSurprise fall in inflation in June to 2.6%
Inflation in the UK unexpectedly slowed to 2.6% in June as falling petrol and diesel prices more than offset higher food bills, official figured revealed today.
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NewsShoppers to cut back on 'too expensive' fresh fruit & veg
One third of the 2,009 people who took part in the survey said they had cut down on sugar in the past year
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NewsConsumer price index to be used to calculate business rates
The government had originally committed to making the move last year, but the Bill failed due to the general election
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NewsCity snapshot: Consumer spending falls to four-year low
UK consumer spending has fallen to its lowest level in almost four years as rising inflation and stagnant wages have dampened demand for non-essentials items. Plus a look ahead at what’s scheduled on the markets this week and all the latest news from the City.
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NewsUK inflation jumps to 2.9%
The UK’s consumer prices index (CPI) measure of inflation rose to 2.9% in May, up from 2.7% in the previous month.
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Analysis & FeaturesWhere now for the pound – and food price inflation?
So far, so Brexit. The day after a political earthquake, the value of the pound has dropped sharply while the globally focussed FTSE 100 is on the rise
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NewsMarkets rocked by election uncertainty
The pound has dropped in value by almost 2% overnight against the dollar as markets come to terms with the shock UK general election result that has produced a hung parliament.
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NewsTheresa May under pressure to resign as UK votes for hung parliament
After a dramatic night, the UK has woken up to a hung parliament this morning, with the Conservatives emerging as the largest party
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NewsCity snapshot: UK retail like-for-like sales drop on non-food sales fall
UK retail sales fell by 0.4% on a like-for-like basis in May as weak non-food sales dragged down strong food sales growth, according to the BRC KPMG Retail Sales Monitor.
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NewsCity snapshot: Mounting inflation drives highest discounter growth since 2015
Mounting food price inflation is driving consumers back into the hands of Lidl and Aldi, according to the latest market share figures
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NewsStrong Easter drives like-for-like retail sales up 5.6% in April
UK retail sales grow 5.6% in April boosted by Easter, but BRC warns over longer-term prospects for the sector
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NewsCity snapshot: UK retail boosted by Easter sales growth
Food sales increased 2.4% on a like-for-like basis and 3.6% on a total basis in the past 12 weeks boosted by the Easter break, the BRC – KPMG Retail Sales Monitor April 2017 has revealed
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NewsCity snapshot: Consumer confidence erodes as general election looms
Four of the five measures used in GFK’s consumer confidence index fell in April, further eroding the overall index ahead of June’s snap general election. Plus Tate & Lyle pins recovery hopes on post-Brexit Britain and all the rest of this morning’s news from the City
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NewsUK retail sales slump as inflation bites
UK retail sales volumes slumped by 1.8% compared to February amid rapidly rising prices as quarterly sales volumes fell by their highest amount for seven years..
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NewsFinancial distress up 26% on average says Begbies Traynor
Red Flag Alert points to increased cost pressures from rising inflation in both fuel and food
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NewsSurging pound leads to FTSE 100 sell-off after snap election surprise
The FTSE 100 plunged more than 180 points yesterday (or £46bn) to 7,147.50 points as PM Theresa May called a surprise snap election on 8 June
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NewsVolatile day for sterling as PM calls snap election
The surprise announcement is set to lead to a volatile day on the markets and for the pound.