Economy – Page 17
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NewsCity snapshot: UK retail sales surge as shoppers flock back to stores
Retail sales volumes jumped 9.2% in April as the easing or coronavirus regulations and the return of shoppers in stores boosted the industry. Plus, Oatly shares soar on market debut, UK consumer confidence rises and all the latest news from the City
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NewsSupermarket price war drives down food prices for first time since 2017
Food prices have fallen for the first time in more than four years as supermarkets continued to slug it out in a bid to win shoppers, according to the latest figure from the British Retail Consortium and NielsenIQ.
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NewsCity snapshot: Grocery growth stays strong as retail reopens and lockdowns lift
Grocery sales growth has remained in positive territory in recent weeks despite the reopening of wider retail, food service and the relaxation of social restrictions
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NewsCity snapshot: Retail sales rebound ahead of reopening
Retail sales volumes continued to recover in March ahead of the reopening of non-essential shops, according to date from the Office of National Statistics
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Analysis & FeaturesWhat does the reopening mean for food and drink stocks?
With the FTSE250 at pre-Covid levels, and the FTSE350 actually trading higher, we look at how grocery, retail, leisure and food to go stocks have fared
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NewsCity snapshot: Home-focused goods growth help retail sales recover in March
Retail sales continued to recover in March, though this recovery was centred on specific ‘home centric’ categories as most sectors remain in significant decline
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NewsCity snapshot: UK retail industry sees green shoots of recovery in March
The UK retail industry saw the green shoots of recovery in March as sales jumped by more than 40% year-on-year after a COVID-induced collapse a year ago. Plus, footfall begins to improve ahead of retail re-opening next week and all the latest news from the City.
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Comment & OpinionFmcg will need to fight to hold on to profits as inflation rises
There are a number of complex factors exacerbating the inflation situation, not least elevated Covid costs, says Warren Ackerman, head of European consumer staples research at Barclays
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NewsCity Snapshot: UK retail sector loses almost 190,000 jobs during coronavirus outbreak
News of almost 190,000 UK retail job losses since first lockdown comes as Prime Minister Boris Johnson confirmed yesterday that non-essential shops will re-open on 12 April
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NewsCity snapshot: Grocery sales fall in March as industry laps 2020 lockdown
Grocery sales growth fell back in March as the industry lapped last year’s record-breaking spending during the first coronavirus lockdown,
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NewsCity snapshot: Prices unexpectedly tumble in February as lockdown drags on
The rate of UK inflation has taken an unexpected fall in February as a result of continued discounting on clothes as retailers attempt to generate consumer interest as lockdown wears on. Food prices also fell again as the supermarkets battled it out over price.
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NewsSupermarket prices in deflation despite fall in imports from EU
The Grocer Price Index found that overall the big four’s prices fell back 0.2% year on year across February
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NewsSupermarket sales growth remains at its highest level since June 2020
UK supermarkets are continuing to see the highest industry sales growth since the summer of 2020 as booming online sales mitigated a small drop in physical stores.
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NewsCity Snapshot: Record online sales mitigate in-store like-for-like sales slide in February
Shuttered high street shops contributed to a 3.1% decline in total like-for-like sales in February but fashion and homeware helped drive online sales to a record high.
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News🔴 Budget 2021 Live: Chancellor outlines Covid recovery measures
The latest updates for the grocery industry on the B
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NewsCity snapshot: Grocery sales growth hits eight month high in February
Grocery industry sales growth accelerated to its highest level since June 2020 during February as the latest national restrictions curtailed spending in cafés, restaurants and pubs. Plus trading updates from Hotel Chocolat, HelloFresh and Virgin Wines starts trading on the stock exchange.
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NewsShelf prices fall as supermarkets brush off import cost concerns
Supermarkets have avoided passing on any extra costs incurred from importing goods into the UK, The Grocer Price Index has suggested
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NewsCity snapshot: UK retail sales drop 10% in January, BDO finds
UK retailers recorded their worst January on record and the worst month for the high street since June as a national lockdown shuttered shops across the country
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NewsCity snapshot: Lockdown helps supermarket sales growth to accelerate in January
The UK-wide coronavirus lockdown has spurred further growth in take home grocery sales during January, as shoppers spent £1bn more on supermarket food year-on-year during the month
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NewsCity snapshot: Retail sales suffers worst year on record after Christmas falls flat
The UK retail sector has suffered its worst year on record after a Christmas sales rise of 0.4% failed to meet expectations, according to the Office of National Statistics. Plus, The John Lewis Partnership upgrades profit expectations and pays back £300m government aid and all the rest of the latest news from the City