Economy – Page 17
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NewsCity Snapshot: Eat Out to Help Out scheme drives inflation to five year low
UK inflation has fallen to its lowest level since 2015 as the Eat Out to Help Out Scheme helped drive down prices. Plus, The Hut Group’s shares surge on market debut, updates from Science in Sport and Eagle Eye Solutions and all the rest of the latest news from the City.
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NewsTesco price-cutting drive shifts it into annual deflation
Tesco’s drive to cut prices in the post-lockdown market has seen it move back into annual price deflation for the first time in almost a year
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NewsUK retail sales continue to recover but city centres remain ‘devastated’
Retail sales continued to recover in August, but remain well down on an annual basis as the country recovers from lockdown.
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NewsCity Snapshot: Empty offices leave retail locations deserted
UK footfall remained 34.8% down year-on-year in August despite the reopening of shops and the ending of lockdown as empty offices mean footfall is not returning to towns and city centres.
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NewsCity snapshot: UK food and drink recovers ahead of global Covid recovery trend
The UK’s food and beverage sector was ahead of international Covid-19 recovery trends in July, according to a newly launched Lloyds Bank UK Recovery Tracker
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NewsCity snapshot: UK retail sales rise back above pre-pandemic levels
UK retail sales rose back above the levels seen before the coronavirus pandemic in July as consumer demand continues to rebound, according to official government figures
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NewsCity snapshot: Shock jump in inflation as petrol and clothing prices rise
Prices have risen faster than expected in July as lockdown restrictions were relaxed and consumers returned to the shops.
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NewsSupermarket sales growth eases as stockpiling subsides
Take-home grocery sales growth slowed to 14.4% year on year during the 12 weeks to 9 August 2020
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NewsSuppliers squeezed as HMRC moves to claw back tax owed
Food manufacturers are being squeezed by the government as HMRC withholds VAT refunds to claw back tax owed, putting thousands of jobs at risk
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NewsRetail sales increase for second month in a row but food growth slows
Food and grocery sales have slowed down in July following exceptional growth at the height of the coronavirus outbreak as shopper behaviour returns to “normal”
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Comment & OpinionHow CCEP is playing a positive role as part of the Covid-19 Business Pledge
Collaboration is the most powerful tool we have, says Leendert den Hollander, GB general manager at Coca-Cola European Partners
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NewsCity snapshot: Footfall slowly returning to Britain’s shops and centres
Shoppers are slowly making their way back to the high street as pubs, cafes and restaurants reopen
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NewsLockdown inflation falls back as grocers head for a price war
The lockdown-driven spike in supermarket inflation dramatically fell back in July as the major grocers fired the first shots of a post-Covid price war.
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NewsRetail sales bounce back to pre-lockdown levels
UK retail sales grew 13.9% in June compared to the previous month, with sales now back up to pre-lockdown levels driven by strong food sales growth.
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NewsCity snapshot: Grocery sales growth begins to slow from record highs
Take-home grocery sales rose by their highest level since 1994 over the past 12-weeks, however grocery sales growth began to slow last month as shoppers gradually return to their pre-lockdown behaviours.
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NewsCoronavirus recovery plan launched for food & drink sector
The report is aimed at governments and policymakers in Westminster, Cardiff, Holyrood and Stormont
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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.