All Economy articles – Page 32
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NewsCity snapshot: Intu misses out on rents as shopping centres shut
Intu received barely 29% of rents due on its UK properties as most retailers turned down the shutters due to the coronavirus pandemic. Plus, Casino posts annual profits growth, UK retail sales slow in February and all the rest of the latest news from the City.
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NewsSupermarkets to benefit from £3bn bailout on business rates
The move would benefit 3,400 superstores and hypermarkets, paying £2.68bn a year in rates
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Comment & OpinionCoronavirus and the City: Who’s been least and worst affected?
Global stock markets have crashed on mounting fears over the economic impact of the virus – but some share prices have plunged further than others
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NewsCoronavirus: HMRC to fast-track applications for distillers to shift to hand sanitiser production
HMRC has pledged to fast-track applications for spirits producers to use tax-exempt alcohol to shift production to hand sanitisers and gels amid a national shortage
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NewsRetailers welcome Chancellor’s £3bn business rates rescue package
Previously rules on state aid have prevented bailouts for bigger companies
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Analysis & FeaturesGPI finds food inflation continues to edge upwards
Supermarket inflation moved back to its second-highest level since mid-2018 in February as prices continue to move upwards.
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Analysis & FeaturesBudget 2020: Who were grocery’s big winners and losers?
The specific measures in Rishi Sunak’s first budget were a mixed bag for grocery
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Comment & OpinionBudget shows ministers are not underestimating the impact of coronavirus
If ever there was a Budget not intended for the “long term” this was it
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NewsBudget 2020: The key takeaways for the grocery industry
The era of austerity is definitively over after Chancellor Rishi Sunak delivered a Budget full of spending commitments, but the specific measures were rather more mixed for the grocery industry
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NewsCity snapshot: Food and healthcare sales spike amid coronavirus fears
Sales of food and healthcare products have edged higher at the end of February, amid growing concerns around the global coronavirus outbreak
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NewsCity snapshot: Supermarkets enjoy green shoots of recovery in February
UK supermarkets saw the ‘green shoots’ of recovery in February, with small but positive growth in as total till sales improve to 0.7% in the last four weeks, according to Nielsen, and the strongest growth since November in the Kantar figures.
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NewsSainsbury’s bucks grocery’s inflationary trend with price cuts
Sainsbury’s was the only big four supermarket to cut its prices year on year in January as the overall grocery sector remains in mild inflation, with further inflationary pressures on the horizon.
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NewsCity snapshot: Sainsbury’s prices fall but supermarket inflation persists
Sainsbury’s was the only big four supermarket to cut its prices year on year in January as the overall grocery sector remains in mild inflation.
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NewsCity snapshot: Grocery market records weak post-Christmas sales growth
The grocery sector experienced a sobering January as clean-living consumers cut back to constrain market growth to just 0.3% in the latest 12-week period.
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NewsCity snapshot: UK shop prices continue to fall but food prices accelerate
Despite overall decline, food prices accelerated in January as discounting returned to a more normal level following Christmas
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NewsUK food sales suffer largest drop since 2016
December marked a 1.3% slump in the volume bought across food stores, according to official ONS figures, the largest drop since December 2016
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NewsCity snapshot: Retail footfall slumps over Christmas
Footfall across UK retail destinations fell 2.5% over the Christmas period, with Black Friday and Boxing Day sales events failing to drive customers to the UK’s shops.
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NewsUK retail sales suffer ‘worst year on record’ in 2019
2019 marked the first year to show overall decline in retail sales
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NewsCity snapshot: UK high street suffers worst year for a quarter of a century
UK retailers shed more than 140,000 employers and shuttered over 16,000 shops as the industry suffered its worst conditions for 25 years, according to the Centre for Retail Research.
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NewsCity snapshot: December sees sharp increase in consumer economic optimism
Expectations for the economic performance of the UK have increased sharply as consumer confidence begins to improve. Plus, both suitors of Just Eat have increased their offer for the online takeaway firm as the takeover saga moves towards a conclusion and all the rest of the latest news from the City.