All Economy articles – Page 23
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NewsShop prices hit highest level for more than a decade - BRC
Shop price annual inflation hit 1.8% in February, up from 1.5% in the previous month, which marks the highest rate since November 2011, the British Retail Consortium reported.
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NewsCity Snapshot: Nichols slides to a loss as out-of-home channel struggles to recover from Covid
Vimto maker Nichols has fallen to a loss as the damage caused to its out-of-home business by the pandemic continued to weigh heavily on the group. Plus, the latest shop price index from BRC, full-year losses balloon at Just Eat Takeaway, a bumper first-half for Hotel Chocolat and full-year results from sausage casings maker Devro.
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NewsCity snapshot: Inflation hits nine year high as supermarket sales continue to fall
Supermarket sales fell by a further 3.7% in the most recent three months, according to Kantar, as inflation hit its highest level since 2013
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NewsHow the stock market has reacted to Russia’s invasion of Ukraine
Global stock markets crashed on the news of Russia’s invasion, but focus has begun to centre on those companies most exposed to upheaval in the region
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NewsCity snapshot: Retail sales rebound in January as Omicron fears ease
Retail sales rebounded sharply in January as concerns over the Omicron Covid variant and associated restrictions eased
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NewsCity Snapshot: Inflation hits new 30-year high in January
Inflation hit a new 30-year high last month as prices continued to climb despite January sales. Plus, Heineken bounces back but warns prices rise could hit demand for beer; full-year results from Coca-Cola Europacific Partners and Kerry Group; and Treatt appoints new CFO.
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Comment & OpinionThis country cannot ‘level up’ without putting food production at the centre of its goals
Government’s white paper on ‘levelling up’ makes little mention of the UK’s food sector, says Andrew Kuyk, director general at Provision Trade Federation
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NewsCity Snapshot: Food price inflation continues to surge in January
Surging food prices have contributed to annual inflation in the retail sector almost doubling in January, according to the latest industry data.
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News‘No choice’ but to ballot on strike if Asda offer rejected, warns union
The GMB yesterday began a ballot of 8,000 staff on whether to accept a revised pay offer from Asda
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NewsCity snapshot: UK grocery sales fall in January despite mounting inflation
Take-home grocery figures from Kantar show that supermarket sales fell by 3.8% over the 12 weeks to 23 January 2022, despite prices continuing to rise as inflation mounts
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NewsInflationary pressure set to lead to an increase in restructuring activity in 2022, warns EY
Supply chain disruption and soaring inflation hit the retail and food & drink industries particularly hard in the latter part of 2021
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NewsInflation and supply chain disruption lead to wave of profit warnings in 2021
Profit warnings at retailers and food & drink suppliers accounted for a third of all warnings issued by UK listed companies in 2021 as supply chain disruption and spiralling inflation hit at the back end of the year
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Comment & OpinionHow inflation threatens fmcg businesses – and more – in 2022
The latest pressures on price threaten to undermine progress in other important areas, says James Walton, chief economist at IGD
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NewsCity snapshot: Omicron hits Christmas retail sales
UK retail sales fell back over the crucial Christmas period as Omicron kept shoppers away from stores.
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NewsIceland commits to price freeze on £1 value range as food costs rise
The supermarket’s price lock promise includes an array of essentials across store cupboard, fresh household and frozen
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NewsFood inflation spikes in December with price rises set to pick up speed in 2022
Food inflation hit its highest level since March 2019 in December, with fresh food seeing the largest rate of inflation in almost a decade.
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NewsCity snapshot: Black Friday drives retail recovery in non-food
Retail sales volumes bounced back strongly in November as growth in non-food saw the sector 7.2% higher than pre-Covid levels.
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NewsUK food and drink exports plunge 15.9% in 2021 as trade barriers and Covid hit
UK food and drink exports have dropped by £2.7bn in the first three quarters of 2021 compared with pre-pandemic levels due to a plunge in sales into the EU.
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NewsWholesalers urging access to Covid relief funds
Fears are growing over the potentially devastating impact of the Omicron variant on the hospitality sector and businesses that supply it
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NewsCity snapshot: McBride widens loss forecast on input costs spike
Private label household goods manufacturer McBride has downgraded earnings expectations due to ’very significant’ inflationary pressures outpacing its price increases. Plus, Domino’s Pizza Group strikes new franchisee agreement and M&S agrees new green funding package.