Economy – Page 29
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NewsCity Snapshot: UK discretionary incomes up 10.6%
Asda’s latest Income Tracker has revealed that average household disposable income is up 10.6% year-on-year, while Waitrose weekly sales rise 1.1% and Science in Sport raises £8.9m.
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NewsRugby World Cup promotions drive retail sales
Supermarket price wars and the Rugby World Cup have provided a shot in the arm for retail sales in food stores last month, according to the latest official figures.
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NewsConditions remain tough for big four as discounters speed up growth again
Trading conditions for the big four supermarkets are showing no signs of improving as Aldi and Lidl ramp up growth again, according to the latest market share data.
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News‘Green shoots’ appear for grocery sector – Begbies Traynor
The beleaguered UK grocery sector is showing the first “green shoots” of recovery as levels of failing businesses in the supply chain eased for the first time in more than two years.
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NewsFood sales drop 1.4%, according to BRC/KPMG Retail Sales Monitor
The late August Bank Holiday and strong sales of furniture and clothes boosted the retail sector in September - but food sales are falling significantly as price wars and deflation continue to bite.
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NewsConsumer spending bounces back from summer slump
The new numbers from Barclaycard showed that the spending growth of 3.7% last month is up on the 3% seen in August
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Analysis & FeaturesSupermarket price deflation at 2% with no sign of easing
The deflation gripping the UK grocery sector shows little sign of easing
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NewsDisposable income up £18 a week, says Asda Income Tracker
Asda CEO Andy Clarke said the strengthening economy was to thank for the boost
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Analysis & FeaturesTesco the biggest cutter as deflation sticks at -2.2% y-o-y
The deflationary picture is yet to improve for the UK’s beleaguered supermarkets
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Comment & OpinionExporters shouldn't be put off by strong pound, says FDF's Ian Wright
Many food and drink exporters reading our latest exports report will be aware of the continued strength of the pound…
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NewsExport figures dragged down by plunging value of euro
The UK food & drink industry has been hit by a slump in exports in the first half of 2015…
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NewsCity snapshot: August high street sales suffer worst slump for seven years
High street sales in August have suffered their biggest slump since the depth of the financial crisis in 2008.
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Analysis & FeaturesChinese crisis batters UK grocery shares
Global markets have crashed on what’s being dubbed as another “Black Monday” on the stock market, with the FTSE 100 down to its lowest level since 2012.
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NewsAsda says families enjoyed 10% more disposable income in July
Families had almost 10% more to spend in July compared to last year, according to the Asda Income Tracker.
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Analysis & FeaturesFood price deflation at big four again picks up pace
The level of supermarket price cuts is increasing once more after three months of more modest deflationary figures
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NewsCity snapshot: Deflation ticks up to 1.4% in July
Overall shop prices reported an increase in deflation to 1.4% in July from 1.3% deflation in June, according to the BRC-Nielsen Shop Price Index.
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NewsLiving wage increases to hit big four bottom line, warns Moody’s
George Osbourne’s hike of the minimum wage will hit food retailers the hardest with the Big Four UK grocers’ profits coming under particular pressure, according to a new report by Moody’s.
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NewsIndian regulations to curb profit growth of European brewers
High barriers to entry into the lucrative Indian alcoholic beverage market are a boon to drinks giants Heineken, SABMiller, Diageo and Pernod Ricard, according to a new report from Moody’s.
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Comment & OpinionFood price deflation will ease at best
British food is grappling with deflation, which has been part of the trading scene for all of 2015
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NewsSupermarkets ramp up pressure on UK food sector
The number of UK food suppliers experiencing “significant” financial distress has risen by over 50%, according to research from professional services firm Begbies Traynor.