All Economy articles – Page 22
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NewsCity snapshot: Inflation to drive double-digit grocery growth by 2027
The UK grocery market is set for double-digit growth over the next five years, largely driven by inflation.
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NewsCity snapshot: Retail sales slide amid soaring prices and drop in major purchases
UK retail sales fell back 1.1% in May as the cost-of-living crunch blunted consumer demand and consumers shunned higher value items
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Comment & OpinionJubilee weekend was a boost for high streets. But can it last as budgets are squeezed?
BRC data showed total UK footfall for the jubilee weekend rose by 6.9% compared to the average for May 2022
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NewsCity snapshot: UK retail sales rebound in April on grocery growth
UK retail sales recording a surprise bounce in April, growing 1.4% as higher spending on fuel, alcohol and tobacco booster overall figures
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NewsUK food and drink exports show patchy signs of recovery
Exports of food and drink from Scotland, Wales and north east England have enjoyed a strong recovery according to new figures from the Food & Drink Federation, but the picture is mixed
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NewsTesco chairman calls for windfall tax on energy firms to help cost of living crisis
Allan told the BBC Today programme Tesco customers were among those whose behaviour was showing the extent of the financial hardship
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NewsCity snapshot: Rising cost of living puts brakes on retail spending
The rising cost of living has “crushed” consumer confidence and put the brakes on consumer spending, according to the latest figures from the BRC-KPMG Retail Sales Monitor
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NewsCity snapshot: April supermarket sales continue to slow as shoppers rebalance basket spend
UK supermarket sales fell 1.8% over the four weeks to 23 April, according to NielsenIQ, albeit spending during the Easter period helped lift sales from the 4.1% slump seen in March
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NewsCity snapshot: Grocery sales plunge as inflation hits 11-year high
Supermarket sales plunged by 5.9% in the 12 weeks to 17 April, according to the latest market share data from Kantar, as consumers prioritised value amid soaring inflation
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NewsCity Snapshot: Consumer confidence plunges rapidly in face of soaring prices
Rampant inflation has sparked a record decline in consumer confidence, with the pent-up demand in discretionary spending disappearing as the cost of living soars, according to a new survey.
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NewsCity snapshot: Grocery sales fall back amid soaring inflation
Take home grocery sales have slumped by 6.3% in the 12 weeks to 20 March as inflation hit its highest level for a decade, according to the latest market share data from Kantar. Plus AG Barr bounces back to top pre-pandemic results and all the rest of the latest news from the City.
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NewsCity snapshot: Investors call on Sainsbury’s to pay living wage
An investor coalition managing £2.2trn in funds has filed a shareholder resolution to demand Sainsbury’s to pay a living wage to all its workers. Plus, Heineken to pull out of Russia and take €400m writedown and all the rest of the latest news from the City.
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NewsCheeky Panda smashes £1m crowdfunding target as it looks ahead to IPO
Eco household brand Cheeky Panda has welcomed thousands of new shareholders after closing its latest round of crowdfunding ahead of a planned IPO.
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NewsCity snapshot: UK retail sales unexpectedly fall in February
UK retail sales fell back unexpectedly in February as increased eating out hit the grocery sector and online sales fell back
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Comment & OpinionRishi Sunak’s tax tweaks cannot stem the inevitable rise in food poverty
While the Chancellor will hope his tax-cutting pledges dominate the headlines, the reality is rocketing inflation will cause the biggest drop in UK living standards since records began
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NewsCity Snapshot: Cost of living hits new 30-year high as energy, petrol and food prices climb
The squeeze on living costs continued to ramp up last month, with food prices up sharply, according to the latest official figures released this morning ahead of the Chancellor’s spring statement.
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Comment & OpinionThe UK economy is heading for stagflation. Protecting jobs will be critical
The war in Europe is going to exacerbate an already delicate post-pandemic economic situation, says David Sables, CEO of Sentinel Management Consultants
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Comment & OpinionBritish exporters have reason to be optimistic as we move on from the pandemic
As we learn to live with Covid, there is real reason to be bullish about the opportunities that lie ahead, says minister for exports Mike Freer
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Comment & OpinionSunflowers are a symbol of this catastrophic war: visually, metaphorically, economically
Almost 80% of the world’s sunflower oil comes from Ukraine and Russia. So the price, which more than doubled last year from a 2020 low of $685/tonne, hit a new record high of $1,665/tonne
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NewsCity Snapshot: February storms fail to dampen footfall
Total UK footfall increased by 2.2 percentage points in February compared to the previous month as the return to the office and normal life boosted shopper numbers despite stormy weather.