Economy – Page 7
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News
City snapshot: Online boosts UK retail sales in July
UK retail sales nudged upwards in July as growth in online retail boosted overall sales volumes. Plus, Just Eat Takeaway.com sells €1.8bn stake in Brazil’s iFood and consumer confidence hits record lows.
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News
City snapshot: Grocery inflation hits new high of 11.6% to lift supermarket sales
Supermarket sales rose by their highest level for over a year in the most recent 12-week period as a new inflationary high boosted sector revenues
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Comment and Opinion
London listing could enable Cooks to make the most of a tough time for coffee
Cooks’ estate allows it to capitalise on hybrid working patterns in the UK and Ireland
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Comment and Opinion
What does the Truss red tape ‘bonfire’ mean for the food industry?
HFSS rules might be on the pile, but a new database could represent one of the biggest pieces of industry regulation yet
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News
City snapshot: Inflation drives July retail sales growth, but volumes fall
UK retail sales increased 2.3% in July on a total basis, according to the BRC-KPM Retail Sales Monitor, though sharply rising prices masked a drop in sales volumes. Plus acquisitions from Coca-Cola HBC and Supreme and Barclaycard spending data.
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News
City Snapshot: UK retail sales fall as shop price inflation nears 10%
UK retail sales fell back again in June, falling 0.1% month-on-month as consumers bought fewer items at higher prices, according to the Office of National Statistics
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News
City snapshot: Supermarket sales return to growth amid soaring inflation
Grocery sales returned to modest growth over the past 12 weeks for the first time in more than a year as inflation soared to almost 10%
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News
City snapshot: Retail sales fall by levels ‘not seen since the pandemic’
UK retail sales volumes fell back in June at a rate not seen since the depths of the pandemic, as inflation continues to bite, and households cut back spending.
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Analysis and Features
Share price slump: who has struggled the most in food and drink?
It’s been a turbulent six months on the Stock Exchange. So who’s struggled the most? Who’s least affected? And is there any stock actually still growing?
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News
City snapshot: UK retail sales growth slows amid soaring inflation
UK retail sales growth slowed again in June continuing a three month downward trend as soaring inflation and falling real wages impact consumers stifles retail spending
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News
City snapshot: European fmcg prices jump 6.9% amid soaring inflation
Fast moving consumer goods prices have increased 6.9% year-on-year across Europe, with fmcg inflation in the UK even higher at 7.5%
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News
City snapshot: UK retail sales fall as consumers cut back on groceries
Retail sales volumes fell back in May following a brief uptick in April as lower grocery sales hit overall sales volumes
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News
City snapshot: Supermarket sales show recovery amid soaring inflation
Supermarket sales fell by 1.9% over the past 12 weeks, despite inflation soaring to its highest level since 2009. Plus Ocado raises £578m from new share placing.
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News
City snapshot: Inflation to drive double-digit grocery growth by 2027
The UK grocery market is set for double-digit growth over the next five years, largely driven by inflation.
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News
City snapshot: Retail sales slide amid soaring prices and drop in major purchases
UK retail sales fell back 1.1% in May as the cost-of-living crunch blunted consumer demand and consumers shunned higher value items
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News
City snapshot: UK retail sales rebound in April on grocery growth
UK retail sales recording a surprise bounce in April, growing 1.4% as higher spending on fuel, alcohol and tobacco booster overall figures
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News
UK food and drink exports show patchy signs of recovery
Exports of food and drink from Scotland, Wales and north east England have enjoyed a strong recovery according to new figures from the Food & Drink Federation, but the picture is mixed
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News
City snapshot: Rising cost of living puts brakes on retail spending
The rising cost of living has “crushed” consumer confidence and put the brakes on consumer spending, according to the latest figures from the BRC-KPMG Retail Sales Monitor
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News
City snapshot: April supermarket sales continue to slow as shoppers rebalance basket spend
UK supermarket sales fell 1.8% over the four weeks to 23 April, according to NielsenIQ, albeit spending during the Easter period helped lift sales from the 4.1% slump seen in March
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News
City snapshot: Grocery sales plunge as inflation hits 11-year high
Supermarket sales plunged by 5.9% in the 12 weeks to 17 April, according to the latest market share data from Kantar, as consumers prioritised value amid soaring inflation