Economy – Page 12
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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
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NewsFood inflation spikes in December with price rises set to pick up speed in 2022
Food inflation hit its highest level since March 2019 in December, with fresh food seeing the largest rate of inflation in almost a decade.
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NewsCity snapshot: Black Friday drives retail recovery in non-food
Retail sales volumes bounced back strongly in November as growth in non-food saw the sector 7.2% higher than pre-Covid levels.
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NewsUK food and drink exports plunge 15.9% in 2021 as trade barriers and Covid hit
UK food and drink exports have dropped by £2.7bn in the first three quarters of 2021 compared with pre-pandemic levels due to a plunge in sales into the EU.
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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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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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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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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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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
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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