Economy – Page 28
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NewsCity snapshot: High street footfall slumps in July
High street footfall dropped a further 2.1% in July, according to the lateste figures from BRC/Springboard, leading to an overall 1.1% in retail footfall in the period. Plus, Tata Global Beverages disposes of China and Russia operations, a look forward to what’s happening in the City this week and all the latest news from the markets
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NewsCity snapshot: Grocery inflation surges to 2.4% in July
Grocery price inflation jumped from 1.6% to 2.4% in the month to 1 August with Tesco’s prices climbing by the largest proportion. Plus, the FTSE plunges but Coca-Cola HBC surges, a round-up of finance stories in The Grocer this week and all the rest of the latest news from the City
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NewsSupermarket prices rise at fastest rate for four years
Supermarket prices are growing at their fastest level for almost four years as the pressure on shoppers’ wallets mounts.
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NewsCity Snapshot: Food growth boosts slowing July retail sales
UK retail sales rose by 0.9% year-on-year in July as strong food sales supported weakening overall sales growth, according to the latest BRC-KPMG Retail Sales Monitor. Plus, Pets at Home sees quarter sales rise, Worldpay wants more time to tie-up merger and all the rest of the latest news from the City.
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NewsCity snapshot: UK consumer spending slumps to four-year low
UK consumer spending has fallen for the third consecutive month, according to Visa, marking the longest streak of spending decline for over four years. Plus, Worldpay UK boss moves to bookmaker Paddy Power Betfair, Carr’s Group makes acqusition and all the latest from the City
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NewsEssex family food store forced to close after 17 years
The Food Company in Marks Tey, Colchester, will cease trading on 29 July
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NewsSurprise fall in inflation in June to 2.6%
Inflation in the UK unexpectedly slowed to 2.6% in June as falling petrol and diesel prices more than offset higher food bills, official figured revealed today.
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NewsShoppers to cut back on 'too expensive' fresh fruit & veg
One third of the 2,009 people who took part in the survey said they had cut down on sugar in the past year
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NewsConsumer price index to be used to calculate business rates
The government had originally committed to making the move last year, but the Bill failed due to the general election
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NewsCity snapshot: Consumer spending falls to four-year low
UK consumer spending has fallen to its lowest level in almost four years as rising inflation and stagnant wages have dampened demand for non-essentials items. Plus a look ahead at what’s scheduled on the markets this week and all the latest news from the City.
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NewsElection result triggers collapse in consumer confidence
Consumer confidence is at the second-lowest level since the summer of 2013
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NewsUK inflation jumps to 2.9%
The UK’s consumer prices index (CPI) measure of inflation rose to 2.9% in May, up from 2.7% in the previous month.
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NewsConsumer spending falls in May as shoppers display caution
High street footfall also declined in May with a fall of 2%
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NewsSNP losses mean independence vote 'unlikely' says SGF
The SNP lost 21 seats in the General Election…
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Analysis & FeaturesWhere now for the pound – and food price inflation?
So far, so Brexit. The day after a political earthquake, the value of the pound has dropped sharply while the globally focussed FTSE 100 is on the rise
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NewsMarkets rocked by election uncertainty
The pound has dropped in value by almost 2% overnight against the dollar as markets come to terms with the shock UK general election result that has produced a hung parliament.
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NewsAsda keeps a lid on prices as inflation eases again
Prices are rising compared with last year, but still remain 2.2% down on a two-year basis
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NewsTheresa May under pressure to resign as UK votes for hung parliament
After a dramatic night, the UK has woken up to a hung parliament this morning, with the Conservatives emerging as the largest party
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NewsFood sales rise against backdrop of declining retail trend
This is the strongest three-month average for food since February 2012
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NewsCity snapshot: UK retail like-for-like sales drop on non-food sales fall
UK retail sales fell by 0.4% on a like-for-like basis in May as weak non-food sales dragged down strong food sales growth, according to the BRC KPMG Retail Sales Monitor.