All Economy articles – Page 24
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NewsCity Snapshot: Inflation soars to ten-year high as food and petrol prices climb higher
Inflation has continued to surge higher in November as record fuel prices, soaring energy costs and increased food prices ramped up the cost of living for families ahead of Christmas.
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NewsCity snapshot: Grocery sales fall back despite mounting price inflation
Grocery sales fell by 3.8% in the last 12 week period, according to Kantar, despite inflation rising to its highest level since June 2020.
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NewsCost price increases up by double digits Greencore warns
Greencore said packaging and labour costs had increased, leaving it no choice but to increase prices
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NewsCity snapshot: Black Friday fails to boost retail footfall
Total UK footfall fell by double-digits in November compared to pre-Covid levels, as the Black Friday event failed to boost in-store shopper numbers.
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NewsCity Snapshot: Food prices soar in November and set to get worse over Christmas - BRC
Shoppers are likely to pay more for their Christmas dinner this year as food prices rocketed to their highest levels in more than a year.
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NewsCity Snapshot: Stocks crash on fears over new South Africa Covid variant
Food-to-go grocery stocks are amongst those shares that have plunged this morning on fears that a new Covid variant could lead to new restrictions on leisure and travel to mitigate its spread
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Comment & OpinionHow fmcg players are managing the triangle of inflation, pricing and elasticity
With both Eurozone and UK inflation reaching more than 4% in October, the cost squeeze is really starting to bite, says Warren Ackerman, head of European consumer staples research at Barclays
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NewsCity Snapshot: Unilever sells global tea business to CVC Capital Partners for €4.5bn
Unilever’s tea business, Ekaterra, is home to a portfolio of 34 brands, including PG Tips, Lipton and Pukka.
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NewsCity Snapshot: McColl’s warns profits to miss forecasts as supply chain disruption intensifies
Embattled convenience group McColl’s has warned its profits will be even lower than expected this year after supply chain issues intensified in the fourth quarter. Plus, UK inflation rises sharply to highest rate in almost a decade.
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NewsOnline grocery sales in decline as Brits get out to shop for Christmas
In-store visits at UK supermarkets increased 6.5% in the four weeks to 6 November, according to the latest NielsenIQ data
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NewsCity snapshot: Grocery sales fall as shoppers stay away from stores
Grocery sales fell by 1.9% in the three months to the end of October as consumer shopping behaviour stabilises post pandemic. Plus food sales mitigate Primark sales drop at ABF, CCEP sees strong GB recovery and all the rest of the latest news from the City.
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Comment & OpinionAlcohol duty law shake-up is progressive and persuasive – with one glaring exception
Chancellor Rishi Sunak’s shake-up of alcohol duty laws in this week’s Budget is long overdue. And in the main both progressive and persuasive
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Analysis & FeaturesBudget 2021: food and drink industry has its say
Reactions from industry to Chancellor Rishi Sunak’s Budget announcements have been largely positive, praising the relief action taken to ease pressure on businesses after nearly two years of pandemic-related squeezes
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Comment & OpinionWhat we learned in the Autumn Budget 2021: from business rates to alcohol duty reforms
Business rates will be cut but not overhauled, while alcohol duty is in for a more radical reform
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NewsFood prices climb higher as soaring costs slams industry
Food inflation has ramped up to its highest level since November 2020 as spiralling costs led to higher prices on supermarket shelves, with fresh food becoming more expensive for the first time in ten months.
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Comment & OpinionHow to break the cycle of short-term pressure dictating the food system
It’s time to reimagine the UK food supply chain and invest in new technologies and facilities, says SmartParc’s Jackie Wild
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NewsP&G faces $2.1bn commodity hit as first quarter margins slide
US consumer giant Procter & Gamble has posted a 5% rise in first quarter net sales, but warned it faces a $2.1bn headwind from higher commodity prices and a further $200m due to freight costs.
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NewsProfit warnings rise in grocery industry as supply chain challenges bite
Profit warnings by UK listed companies in consumer-facing sectors, including retail and grocery producers, accounted for more than a third of those issued between July and September
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NewsCity snapshot: Grocery growth falls back as consumers tighten belts amid wider inflation
Grocery sales fell 0.7% in the four weeks to 9 October as UK consumers rebalanced spending priorities amid rising energy and fuel costs, according to Nielsen. Plus, McBride issues further profits warning on mounting costs.
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NewsGrocery sales drop as fuel crisis leads to fewer store visits
Take-home grocery sales fell by 1.2% over the 12 weeks to 3 October 2021, according to the latest figures from Kantar as the petrol crisis limited instore shopper numbers