Economy – Page 24
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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.
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NewsCity snapshot: Supermarket prices rise 1.4% in March
Supermarket inflation jumped 0.9 percentage points to 1.4% in March - the highest level of grocery inflation since Christmas 2013.
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NewsCity snapshot: Late Easter holds back supermarket sales
The latest grocery market share figures released this morning shows the late Easter this year has held back supermarket sales as food inflation continues to rise.
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NewsUK food prices return to inflation according to official statistics
The price of UK food and non-alcoholic drinks rose 0.3% in February after 31 consecutive months of decline, according to the Office of National Statistics.
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NewsCity snapshot: Five shops a day close in 2016 but trends improve post-Brexit
The equivalent of five shops a day closed on Britain’s high streets last year with a net loss of 1,650 shop during 2016, according to LDC
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Analysis & FeaturesHow deep were the supermarket price cuts?
The latest Grocer Price Index signalled an end to the era of supermarket deflation as prices in February rose again on an annual basis after two and a half years of price cuts. But how deep were the cuts?
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NewsAsda leads fuel price cuts across supermarket forecourts
Average fuel prices had risen by 16.8% in the last year…
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NewsCity snapshot: Inflation returns to UK grocery
Supermarket shelf prices are on the rise for the first time in more than two-and-a-half years, according to the latest Grocer Price Index