All Economy articles – Page 25
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NewsCity snapshot: UK retail sales falter as fuel crisis hits confidence
UK retail sales rose by their slowest rate since the UK was in lockdown in January as fuel shortages and wet weather hit consumer purchasing
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Comment & OpinionDubious rhetoric won’t be enough to carry the UK through COP26 and beyond
The UK has nowhere to hide on its climate change commitments, says Andrew Kuyk, director general at Provision Trade Federation
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NewsHundreds of jobs at risk as 2 Sisters explores Uttoxeter biscuit factory closure
2 Sisters Food Group is exploring the closure of its own-label biscuit factory in the Midlands as cost pressures facing the food industry intensify putting more than 500 jobs at risk.
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NewsInflation hits food industry as rising costs and supply chain pressures bite
Food prices have jumped up for the first time in six months as the barrage of cost pressures and supply chain challenges started to filter through to consumers.
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NewsCity Snapshot: CD&R and Fortress auction for Morrisons to go ahead on Saturday
The City’s Takeover Panel has set out the terms of the forthcoming Morrisons auction between Clayton, Dubilier & Rice (CD&R) and Fortress Investment Group. Plus, food prices rise for first time in six months, SSP Group updates on trading, and SIS signs partnership with NBA champions.
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NewsCity Snapshot: Consumer confidence hit by escalating inflation worries
Consumer confidence was dented in September on the back of growing anxiety about a potential cost of living crisis as gas prices shot up and food inflation looked set to kick in. Plus, Mexican fast-food chain Tortilla unveils plans for a flotation on London’s junior AIM market.
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NewsCity snapshot: Retail sales continue to slide in August
Retail sales were down once more in August as the return of the hospitality industry hit food sales
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NewsCity snapshot: Retail sales growth begins to slow in August
Year on year sales growth fell back in August as pent-up post-lockdown demand softened, according to the monthly BRC-KPMG Retail Sales Monitor. Plus interim results from McBride and Parsley Box.
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NewsCity snapshot: Great Britain loses 8,700 shops in the first half of 2021
More than 8,700 stores disappeared from Great Britain’s high streets in the first six months of 2021 as the level of retail vacancies reached an all time high.
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NewsCity snapshot: Retail footfall still down on pre-pandemic levels despite August bounce
UK retail footfall remains significantly down in pre-pandemic levels despite the relaxation of government Covid restrictions, albeit August saw some tentative signs of recovery.
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NewsUK food and drink exports to the EU slump by £2bn
The Food and Drink Federation found overall industry exports were down 4.5% to £9.2bn in the first six months of the year
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NewsFood price hikes ‘likely’ in coming months: BRC
Rising costs continue to hammer suppliers and retailers, according to the latest industry data
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NewsCity Snapshot: UK supermarket sales rise as grocery shopping shifts back instore
Total till sales in the grocery sector bounced back to growth of 1.1% in the most recent four weeks as physical stores benefited from a 10% slump in online grocery sales.
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NewsGrocery sales fall as pre-pandemic shopping behaviour returns
With the end of social distancing restrictions people have been happier to head into stores to make more regular, smaller shops, according to Kantar
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NewsCity snapshot: Retail sales growth slows as pubs and restaurants reopen
Retail sales continued to grow in July as Covid restrictions eased, but the pace of growth slowed as the reopening of pubs and restaurants dampened spending in shops. Plus, HelloFresh ups sales guidance, but reduces profits expectations and all the rest of the latest news from the City.
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NewsCity News: Reckitt Benckiser shares tumble as it warns of mounting cost pressures
Reckitt Benckiser was the latest consumer goods giant to warn of the pressures of mounting costs this week as its share price tumbled on inflationary concerns
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NewsCity snapshot: July grocery sales rebound thanks to summer sport and warm weather
Grocery sales improved in the four weeks to July 17 as trading was boosted by better weather and the summer sports events, according to the latest figures from NielsenIQ. Plus, Reckitt’s profits plunge as costs add up, Greencore’s food to go rebounds and all the latest news from the City.
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NewsUnilever and Fever-Tree feel weight of mounting costs
Unilever on Thursday warned mounting costs would leave full-year margins flat even as it outstripped City expectations
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NewsTesco hikes thousands of prices at former Metro stores
Tesco is to scrap the Metro format, almost two years after launching a review of the stores
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NewsHousehold cost of food to soar by £160 a year due to new regulations, claim food bosses
The FDF estimates increased costs in 2022-23 alone to exceed £4.4bn