All Economy articles – Page 26
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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.
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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