Economy – Page 18
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NewsCity snapshot: Second lockdown boosts pre-Christmas grocery sales
Grocery sales spiked in November by 13.9% as eating and drinking out of home was restricted by the English national lockdown to boost the industry in the run-up to Christmas.
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Analysis & FeaturesCoronavirus business rates relief: which supermarkets are handing it back?
Here’s the list of supermarkets that have agreed to give it back – and the ones that are staying quiet on the issue
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NewsSupermarkets pay back £2bn in business rates as Tesco move sparks chain reaction
Sainsbury’s and Aldi confirmed today that they would pay their business rates this year
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NewsCity Snapshot: Early Christmas shoppers boost October retail sales
Retail sales continued to rise in October despite the second wave of the coronavirus outbreak as early Christmas shoppers looked to beat renewed Covid lockdowns
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NewsPrice cuts drive Morrisons in to price deflation in latest Grocer Price Index survey
Morrisons’ latest price cuts have helped the supermarket into annual deflation
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NewsFDF report reveals effect of pandemic on food & drink exports
Year-on-year exports fell by 13.8% to £9.7bn in the first half of 2020
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NewsCity Snapshot: Shop prices continue to fall as food inflation eases
Shop prices fell by 1.6% in September as retailers cut prices to encourage spending and food price inflation continues to ease. Plus, trading at Compass Group improves as establishments reopen and all the rest of the latest news from the City.
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NewsMedia Bites 25 September: Coronavirus, Morrisons, Pets at Home,
The government will cover almost a quarter of pay for workers in “viable” jobs for the next six months
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NewsMedia Bites 22 September: Coronavirus, Unilever, Aldi/Lidl
Global stock markets fell heavily into the red as concern grew that a second wave of lockdowns is on the way
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NewsCity snapshot: UK retail sales recover for fourth consecutive month
UK retail sales continued to recover in August, with sales up a further 0.8% in the fourth consecutive month of sector growth. Plus, coronavirus lockdown costs Applegreen €400m in lost sales and all the rest of the latest news from the City.
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NewsGrocery sales growth slows in August
Fewer meals eaten at home due to the popularity of the Eat Out to Help Out scheme meant consumers spent £155m less in supermarkets
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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