Economy – Page 12
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NewsCity snapshot: UK retail sales fall in December as consumers cut back
UK retail sales volumes fell back in December, according to the Office of National Statistics, as consumers cut back on spending because of inflation
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NewsCity snapshot: Christmas footfall jumps to post-pandemic high
UK retail footfall over the festive period rose back to the highest levels recorded since the start of the Covid pandemic in 2020
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NewsCity snapshot: Double digit inflation drives supermarket sales rise despite volume slump
Supermarket sales grew 7.6% in November, driven by soaring inflation which mitigated a 4.3% in volumes as shoppers cut back amid cost of living pressures
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NewsCity snapshot: Grocery price inflation dips for the first time in 21 months
Grocery price inflation saw its first small monthly dip for almost two years over the past month as higher prices continue to drive sales value growth across the sector. Plus, SSP revenues and profits bounce back, consumer spending data from BRC-KPMG and Barclaycard and all the rest of the latest news from the City
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Comment & OpinionHow Nestlé, Heineken and Unilever are dealing with a volatile market
Barclays’ Warren Ackerman on the current round of capital markets events
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NewsCity snapshot: Footfall stumbles ahead of Christmas
Total UK footfall decreased by 13.3% in November compared to pre-pandemic levels, according BRC-Sensormatic IQ Footfall Monitor, as the cost of living crisis put off some consumers from visiting the shops
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Comment & OpinionHunt’s budget signals pain ahead. But who do the public trust to put things right?
The battle lines are drawn for the next two years in politics, says Ian Wright, outgoing co-chair of the Food & Drink Sector Council
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NewsCity snapshot: Parsley Box sets out delisting timetable to leave AIM
Embattled DTC group Parsley Box has set out a timetable for cancelling its listing on London’s junior exchange. Plus, consumer confidence edges up in November and October’s UK retail sales rebound.
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NewsFood inflation hits highest level in 45 years
Food and non-alcoholic beverage prices rose by 16.2% in the 12 months to October, up from 14.5% in September, according to the ONS
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NewsCity snapshot: Retail footfall slips back in October
Retail footfall remains almost 12% down on pre-pandemic levels after slipping back further in October amid rising inflation and energy bills
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Comment & OpinionBusinesses must start compiling the evidence for further energy support
Any sector looking for support beyond April will need to make a compelling, evidence-based case, says Mary Starks, partner at Flint Global and former executive director of OfGem
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NewsCity snapshot: Food price inflation hits new record high of 11.6%
Food price inflation has soared to its highest level on record, according to the month BRC-Nielsen IQ Shop Price Index
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Comment & OpinionFood stores are no longer a safe investment, but opportunities remain
Different assets and business models need to be understood if an investor is going to acquire successfully in the sector, says Richard Curry, head of retail and Martin Carey, head of commercial at Rapleys
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Comment & OpinionA cash-free society only benefits well-off shoppers and faceless financial companies
Independent merchants who want to support their local communities lose out in the switch to card-only payments, says Joanna Blythman, food journalist and author of Swallow This
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Comment & OpinionHow to build business resilience in a challenging landscape
There are no easy answers, but there are important things to consider to ensure resilience, says Chris Stott, UK head of Food & Drink, KPMG
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Analysis & FeaturesHow the declining value of the pound is putting the squeeze on UK food importers
While sterling’s recent slump could boost exports, it is but the latest headache for businesses that source from abroad
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NewsCity snapshot: UK retail footfall rises to post-pandemic high
UK footfall came within 10% of pre-pandemic levels for the first time in September, despite mounting pressure on consumer spending
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NewsCurrency jitters could worsen pork supply woes even as exports rebound
The warnings come as overseas sales revive to near pre-Brexit levels
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Analysis & FeaturesBritish dairy’s international treasure hunt
Dairy can often feel like a dwindling industry in the UK. Declining milk consumption and promotion of vegan alternatives – amid allegations around the impact of cows on climate – have led to a sense of woe across the sector
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Analysis & FeaturesChina’s role in the global post-Covid market
Post-Covid, China’s growth has slowed significantly, with only 0.4% GDP growth in the second quarter of 2022