Economy – Page 18
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NewsHundreds of jobs at risk as 2 Sisters explores Uttoxeter biscuit factory closure
2 Sisters Food Group is exploring the closure of its own-label biscuit factory in the Midlands as cost pressures facing the food industry intensify putting more than 500 jobs at risk.
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NewsInflation hits food industry as rising costs and supply chain pressures bite
Food prices have jumped up for the first time in six months as the barrage of cost pressures and supply chain challenges started to filter through to consumers.
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NewsCity Snapshot: Consumer confidence hit by escalating inflation worries
Consumer confidence was dented in September on the back of growing anxiety about a potential cost of living crisis as gas prices shot up and food inflation looked set to kick in. Plus, Mexican fast-food chain Tortilla unveils plans for a flotation on London’s junior AIM market.
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NewsCity snapshot: Retail sales continue to slide in August
Retail sales were down once more in August as the return of the hospitality industry hit food sales
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NewsCity snapshot: Retail sales growth begins to slow in August
Year on year sales growth fell back in August as pent-up post-lockdown demand softened, according to the monthly BRC-KPMG Retail Sales Monitor. Plus interim results from McBride and Parsley Box.
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NewsCity snapshot: Great Britain loses 8,700 shops in the first half of 2021
More than 8,700 stores disappeared from Great Britain’s high streets in the first six months of 2021 as the level of retail vacancies reached an all time high.
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NewsCity snapshot: Retail footfall still down on pre-pandemic levels despite August bounce
UK retail footfall remains significantly down in pre-pandemic levels despite the relaxation of government Covid restrictions, albeit August saw some tentative signs of recovery.
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NewsUK food and drink exports to the EU slump by £2bn
The Food and Drink Federation found overall industry exports were down 4.5% to £9.2bn in the first six months of the year
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NewsFood price hikes ‘likely’ in coming months: BRC
Rising costs continue to hammer suppliers and retailers, according to the latest industry data
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NewsGrocery sales fall as pre-pandemic shopping behaviour returns
With the end of social distancing restrictions people have been happier to head into stores to make more regular, smaller shops, according to Kantar
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NewsCity snapshot: Retail sales growth slows as pubs and restaurants reopen
Retail sales continued to grow in July as Covid restrictions eased, but the pace of growth slowed as the reopening of pubs and restaurants dampened spending in shops. Plus, HelloFresh ups sales guidance, but reduces profits expectations and all the rest of the latest news from the City.
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NewsCity snapshot: July grocery sales rebound thanks to summer sport and warm weather
Grocery sales improved in the four weeks to July 17 as trading was boosted by better weather and the summer sports events, according to the latest figures from NielsenIQ. Plus, Reckitt’s profits plunge as costs add up, Greencore’s food to go rebounds and all the latest news from the City.
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NewsCity snapshot: Retail sales surge in June to create fastest quarterly growth on record
Retail sales strongly rebounded in June as shoppers returned to stores and grocery sales remained robust despite the reopening of pubs and restaurants
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NewsCity snapshot: Grocery sales hold steady in June despite lockdown relaxation
Grocery sales remained largely unchanged in June despite the widespread reopening of pubs and restaurants, as Nielsen data shows the discounters regaining market share as shopping habits return to normal
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NewsCity snapshot: UK consumer confidence holds firm in June
UK consumer confidence remained at its highest post-pandemic level during June, although concerns over rising inflation have affected sentiment over the country’s economic prospects.
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NewsCity snapshot: Grocery sales slide on hospitality reopening
Grocery sales slipped back 1.6% in the 12 weeks to 13 June, according to Kantar, as the reopening of pubs and restaurants led to reduced spend at UK supermarkets.
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NewsFood and drink exports crash as Brexit and Covid combine
Exports of food and drink to non-EU markets topped those to the EU for the first time since the FDF began collecting figures
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NewsCity snapshot: UK inflation rises to 2.1% in May as lockdown eases
Inflation has continued to soar in the UK as the relaxation of lockdown restrictions led to a rise in consumer spending. Plus, a third-quarter trading update from agri-services group Origin Enterprises.
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NewsCity snapshot: May retail sales boosted by hospitality reopening
UK retails sales jumped 10% in May on a two-year basis, driven by buoyant consumer spending as the UK reopens from the coronavirus lockdown
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NewsConfidence rises as food and drink companies see ‘light at end of tunnel’
An FDF survey found the rollout of the vaccine and the easing of lockdown restrictions were having a positive impact