Economy – Page 2
-
NewsCity snapshot: Grocery price inflation falls to two-year low
Grocery price inflation has fallen to its lowest level since March 2022, according to new data from Kantar, as promotions accelerated supermarkets continue to focus on price
-
Comment and OpinionFlush the roll tax – the battle for consumer savings begins
Who Gives a Crap calls on the Treasury to scrap what it calls the ‘roll tax’. That’s the 20% VAT on toilet tissue
-
NewsCity snapshot: UK retail sales bounce back as food stores return to growth
Retail sales volumes bounced back into stronger than expected growth in January following record falls in December, boosted by a recovery in food sales volumes
-
NewsCity snapshot: Retail sales growth slows as cost of living weighs on consumers
UK retail sales growth slowed in January despite easing inflation as continued weak consumer demand led to ‘lacklustre’ sector performance
-
NewsKraft Heinz plans green hydrogen plant for Wigan factory
The £40m scheme is forecasted to enter operation in 2026
-
NewsCity snapshot: Retail footfall slides again in January
Total UK footfall decreased by 2.8% in January, according to the latest data from the BRC-Sensormatic IQ Footfall Monitor
-
NewsCity snapshot: Fall in grocery inflation eases and retailers cut promotions
The fall in grocery price inflation eased last month as retailers ‘took their foot off promotions’, while sales growth lagged price increases. Plus updates from Diageo, SSP Group and Pets at Home
-
NewsCity snapshot: Christmas retail sales plunge as consumers cut back
Retail sales slumped by 3.2% in December, which was the worse monthly drop since the depths of the coronavirus pandemic, as consumers cut back in the run-up to Christmas.
-
Comment and Opinion‘We told you so!’ Why booze duty hike drove inflation rise
Industry figures warned duty changes in the summer would drive prices up. Now that chicken is coming home to roost
-
Comment and OpinionWe must think long term to avoid a race to the bottom
Asda price matching the discounters signals a new phase, says Patrick Finlay, MD at The Category Management Company
-
NewsFood manufacturers struggling more with inflation than other sectors
Food manufacturers’ margins have been squeezed in 2023 as retailers fought hard against cost price increases
-
NewsCity snapshot: UK economy returns to growth amid Black Friday spending boost
The UK economy beat market expectations to return to monthly growth in November, helped by the impact of the Black Friday retail event and fewer strike actions
-
Comment and OpinionHow slowing inflation will shape growth tactics in 2024
Our expectation is that volume growth will be the primary focus, says Alex Lawrence, senior strategic insight director at Circana
-
NewsCity snapshot: UK retail footfall weakens in damp December
Wet weather and the cost of living crisis combined to drive a sharp reduction in UK retail footfall over the Christmas period. Plus Asda to price match the discounters and Supreme buys FoodIQ UK from administration
-
NewsCity snapshot: Consumer confidence edges upwards ahead of Christmas
Consumer confidence rose again in December as lowering inflation underpins more confidence in the UK’s economic prospects for 2024
-
NewsCity snapshot: UK shoppers save now to spend £5bn on food during Christmas week
Grocery sales growth slowed in November as shoppers delayed spending on food and drink to take advantage of seasonal promotions during Christmas week. Plus, the CMA opens a probe into Unilever around claims of “greenwashing” and Pepco posts record sales but profits fall back
-
NewsCity snapshot: Black Friday fails to rally UK shoppers amid bleak November
Top story Significant discounts in the run up to Black Friday failed to rally UK shoppers, resulting in another disappointing month for retailers, according to figures from accountancy firm BDO. According to BDO’s High Street Sales Tracker, total like-for-like sales in November fell by 0.3% compared to ...
-
Comment and OpinionProfits and purpose are more closely related than you think
Purpose-led business could generate a £149bn boost to the UK economy every year, says Pip Murray, founder & CEO at Pip & Nut
-
NewsCity snapshot: Grocery sales set hit to £13bn this Christmas despite sales slowdown
Grocery sales are expected to surpass £13bn for the first time this Christmas despite supermarket sales growth continuing to lag slowing inflation
-
NewsRetailers warn of prolonged inflation as government increases business taxes
Food prices have continued to rise at a slower pace in November but the British Retail Consortium warned a new raft of higher costs hitting business could derail falling inflation in 2024.