Economy – Page 2
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NewsFood inflation will hit 5.5% in 2025, Bank of England warns
Food price increases have been driven by rising key food commodities, higher employment costs and extended producer responsibility levies on packaging
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NewsSupermarket sales bounce back in June as shoppers soak up the sunshine
June’s heatwave has been good news for supermarkets as food sales bounced back from a decline in May
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NewsConsumer confidence falls as Brits save cash ahead of autumn budget
Brits are saving their cash as worries over never-ending inflation continue to haunt consumer confidence ahead of the coming autumn budget
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NewsInflation surge hits spending power for two in five households
Two in five UK households experienced declining spending power last month as inflation reached its highest level in 18 months
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NewsProfit warnings double at FTSE retailers in Q2
The number of profit warnings issued by FTSE retailers has doubled over the second quarter of 2025, as uncertainty over tariffs and geopolitical forces was compounded by government policy shifts
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NewsFood & drink sector most bullish on mergers & acquisitions in 2025
Around five in six leaders in the UK and Irish food and beverage industry expect an increase in M&A in the sector over the next year
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NewsSurprise jump for UK inflation as food prices continue ‘concerning’ rise
Food prices have climbed for the third month in a row, reaching their highest level for more than a year
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NewsInflation on supermarket shelves drives surge in UK food sales
Soaring prices in supermarkets has fuelled a jump in UK food sales in the past month, as volumes in store remained under “sustained pressure” and consumer confidence continued to drop
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NewsShoppers avoid the high street during heatwave
Total UK footfall decreased by 1.8% in June, compared with a 1.7% fall in May
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NewsRetail distress surges to highest level since financial crisis
Tight credit conditions, cost inflation and weak consumer demand have contributed to a sharp rise in financial distress in the sector
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NewsHeatwave sparks healthy eating sales boost
Yoghurt and berries were among the biggest winners as summer got off to a hot start
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NewsAmazon announces thousands of new jobs in £40bn UK investment plan
The investment will include four new fulfilment centres and thousands of ‘new permanent, full-time’ jobs.
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NewsGrocery sales flop in May, latest retail figures show
A slump in food store sales in May has powered the worst monthly fall in retail sales since December 2023
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NewsConsumers gain confidence in economy – but not their wallets
Consumers’ thawing attitude towards the UK economy has powered a modest two-point boost to their overall spending confidence, according to GfK’s latest barometer
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NewsFood inflation hits 15-month high as chocolate and meat prices rise
Spiking food prices has offset cheaper transport to keep UK inflation levels steady in the year to May, new official data out this morning has revealed
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NewsBRC blames ballooning bills for poor May footfall
The BRC has blamed high household bills for May’s “disappointing” footfall figures, as consumers proved reluctant shoppers despite the warmest start to May on record
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NewsLarge food manufacturers at their most confident in a decade, says BDO survey
BDO surveyed 100 UK food and drink manufacturers with a turnover of between £10m and £300m
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NewsBrits put brakes on spending as retail growth slows
Food was the main driver of growth, supported by a run of bank holidays and seasonal events including football tournaments
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NewsMedia Bites 6 June: Trump vs Musk, Pret a Manger IPO, P&G jobs
A rift between US president Donald Trump and Tesla boss Elon Musk is shaking up markets this morning
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NewsUK business confidence rebounds to nine-month high
Two new surveys have shown business confidence returning to its highest level since August last year