Economy – Page 25
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NewsRetail footfall falls in July but high street stabilises
Retail footfall fell back another 0.8% in July as the hot weather hit shopper numbers, but the high street showed a modest recovery after numbers plunged last year.
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NewsSupermarket price inflation drops to lowest level for 18 months
Supermarket price inflation has hit its lowest level for 18 months as the post-Brexit jump in grocery prices continues to stabilise.
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NewsHeatwave boosts July food sales but general retail fails to perform
Monthly food sales hit their highest level for five years in July driven by the World Cup and hot summer, but the rest of the retail industry failed to fire.
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NewsWarm weather and World Cup help grow supermarket sales by 2.1%
Warm weather and the start of the World Cup have helped overall supermarket sales rise 2.1% in the 12 weeks to 17 June, marking 25 consecutive periods of industry growth, according to Kantar Worldpanel.
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NewsWarm weather boosts UK retail spending in May
UK retail sales defied expectations to jump up for the second month in a row in May, buoyed by the warm weather, according to the monthly retail statistics from the ONS.
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NewsCity snapshot: Retail footfall returns to modest growth in May
Retail footfall continued to fall in May despite the hot weather, but showed a marked improvement from the footfall collapse of March and April. Plus, dairy exec joins the board of Produce Investments, a look ahead to events this week and all the rest of the latest news from the City.
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NewsCity snapshot: Supermarket inflation eases to 1.1% in May
The Grocer Price Index measure of supermarket inflation fell from 1.2% to 1.1% as Tesco recorded its lowest level of inflation for almost a year. Plus Distil shares rise after year of double-digit growth and all the rest of the latest news from the City.
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NewsTesco inflation falls but it's still running ahead of rivals
Tesco has recorded its lowest level of inflation for almost a year as the UK’s biggest supermarket looks to step back into line with the other major players.
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NewsTesco contributes £37bn to wider UK economy, finds report
KPMG estimated that Tesco indirectly supported the equivalent of nearly 450,000 jobs in the UK
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NewsWarmer weather boosts retail spending in May
UK retail sales recovered in May as better weather brought consumers back onto British high streets, with sales growth at its fastest for more than four years.
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NewsCity snapshot: Warm weather drives grocery sales up 2.7%
Grocery sales jumped up 2.7% over the most recent 12 week period as the early summer weather boosted food and drinks sales, according to the latest grocery market share figures from Kantar Worldpanel. Plus, annual profits jump 25.4% at B&M European Value Retail, retail prices fall 1.1% and all the rest of the news from the City.
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NewsFood & drink exports boosted by EU sales growth
UK Food and drink exports jumped up 5.5% in the first quarter of 2018, driven by strong growth in EU markets
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NewsDamp weather slashes retail footfall in April
Retail footfall in April plunged by 3.3% year-on-year as the wet start to the month hit shopper numbers across the country, leading to the worst two-month figures since the depth of the recession in 2009.
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NewsCity snapshot: Grocery inflation rises as soft drinks prices spike
Supermarket price inflation rose again last month as the advent of the ‘sugar tax’ caused a spike in the price of soft drinks. Plus, packaging group Smurfit Kappa Group posts underlying first quarter growth of 7%, Kellogg’s organic net sales rise 0.6% in Q1 and all the rest of the latest news from the City.
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NewsAlmost 45,000 retailers in "significant financial distress" after difficult first quarter
The number of retailer under “significant financial distress” in the UK has increased 21% following a quarter of decreased consumer spending
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NewsCity snapshot: Grocery growth eases to slowest rate for a year amid 'pivotal moment'
The overall grocery market grew at its slowest rate for over a year at 2%, while a combined Sainsbury’s and Asda would result in a combined entity with a potential grocery market share of 31.4% according to Kantar Worldpanel. Plus, the latest market share figures from Nielsen, Just Eat’s first quarter sales jump 49%, DS Smith posts pre-close update and all the rest of the latest news from the City.
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NewsCity snapshot: Consumer confidence falls back again in April
GfK’s Consumer Confidence Index decreased two points in April 2018 – the 28th consecutive month without a positive overall index score, trading updates from Coca Cola European Partners, PepsiCo and Hershey after a busy day in the US and all the latest news from the City.
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NewsUK inflation falls to 2.5% but food inflation edges back upwards
UK inflation has fallen to its lowest rate in a year, though food price inflation edged up to a new high of 3.1%, according to the Office of National Statistics.
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NewsRetailers suffer worst drop in footfall since 2010
Footfall was down 6% year on year in March, with the high street seeing an 8.6% drop
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NewsScottish retailers 'hardest hit' with store closures
PwC research compiled by the Local Data Company showed almost 300 high street retail closures in Scotland