All Economy articles – Page 30
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NewsCity snapshot: M&S to announce hundreds of job cuts
According to Sky News, the retailer will start announcing redundancy plans within days, following other prominent high street names such as John Lewis, Boots and Debenhams
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NewsRetail footfall slumps 57% in June despite reopening ‘spike’
Retail footfall remained at historic lows in June, but it experienced ‘signficant’ improvement after the ‘turning point’ of the reopening of non-essential retail stores in mid-June.
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NewsSupermarket price inflation falls back as deals return and price war looms
Offers and promotions have started to rematerialise, damping grocery price inflation
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NewsCity snapshot: Supermarket inflation falls back in June to 0.9%
Supermarket inflation fell back in June as the return of promotions and the threat of a price war took the sting out of pandemic-driven price hikes.
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NewsMedia Bites 9 July: Mini budget, Uber Eats/Asda, Kbox
Sunak unveils £30bn economic package in the Summer “Mini Budget”, Uber Eats teams up with Adsa for grocery deliveries and Deliveroo backer Hoxton Venutures invests in Kbox
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NewsUK footfall recovery remains sluggish despite lockdown easing
UK footfall recovered slightly in the third week of shops reopening in England and Northern Ireland, but were still down almost 50% year on year
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NewsOver 24,000 retail jobs shed so far in 2020
The number may only be the ’tip of the iceberg’, researchers warn
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NewsCity Snapshot: Chancellor mulls new coronavirus measures as EU relaxes state aid rules
The Treasury is looking into making accessing coronavirus support loans easier for businesses
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NewsCity snapshot: June retail sales show modest recovery to highest level since February
June retail sales achieved their best result since February, despite dropping by more than 14%
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NewsFood price inflation hits its highest level since June 2012
The highest food price inflation for eight years helped drive sales growth in the UK grocery industry back up again last month, data shows.
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NewsReport sets out four potential post-coronavirus scenarios for retail and foodservice
Each scenario addresses a possible path of the virus and its impact on the economy
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NewsUK retail footfall sees soft rebound in first week of reopening
New data from the BRC-Shoppertrack footfall monitor covering the week to June 21 showed footfall was down 57.2% year on year
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NewsCity snapshot: Retail sales partly rebound in May
UK retail sales have partly rebounded in May, rising 12% compared to the record decline experienced the prior month
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NewsCity snapshot: May Footfall slumps ahead of lockdown ease
UK retail footfall in May dropped over 80%, a shallower decline than April as more shops were allowed to reopen
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NewsCoronavirus: Government approves only one in 10 Future Fund applications
The British Business Bank revealed £55.9m worth of convertible loans had been approved since the fund opened on 20 May, despite receiving applications worth £515m on the first day of opening
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NewsCity snapshot: Restaurant Group to close 125 Frankie and Benny’s sites via CVA
The Restaurant Group has announced its intention to close 125 Frankie and Benny’s restaurants and seek rent reductions for a further 85 sites after instigating a company voluntary arrangement.
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NewsCity snapshot: BAT lowers guidance despite ‘resilient’ lockdown performance
British American Tobacco has reported a resilient performance despite the effects of the coronavirus outbreak, with “strong” trading in developed markets
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NewsCo-operatives more likely to weather post-lockdown slump, finds report
Taken together, the UK’s mutuals have a turnover of £38.2bn – £500m higher than in 2019
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Analysis & FeaturesWhat has happened to consumer confidence since lockdown began?
So as we look towards a further easing of restrictions in the UK, what has happened to consumer confidence? And what could that mean for future spending?
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NewsCity snapshot: Grocery sales surge 17.2% as lockdown eases
British take-home grocery sales surged by 17.2% over the past four weeks to take 12-week grocery growth to its highest level since records began, according to Kantar. Plus, Britvic posts ‘robust’ performance despite coronavirus impact, Supermarket Income Reit creates JV to invest in Sainsbury’s supermarkets and all the rest of the latest news from the City.