All Economy articles – Page 33
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NewsCity snapshot: Retail sales growth slows as pubs and restaurants reopen
Retail sales continued to grow in July as Covid restrictions eased, but the pace of growth slowed as the reopening of pubs and restaurants dampened spending in shops. Plus, HelloFresh ups sales guidance, but reduces profits expectations and all the rest of the latest news from the City.
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NewsCity News: Reckitt Benckiser shares tumble as it warns of mounting cost pressures
Reckitt Benckiser was the latest consumer goods giant to warn of the pressures of mounting costs this week as its share price tumbled on inflationary concerns
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NewsCity snapshot: July grocery sales rebound thanks to summer sport and warm weather
Grocery sales improved in the four weeks to July 17 as trading was boosted by better weather and the summer sports events, according to the latest figures from NielsenIQ. Plus, Reckitt’s profits plunge as costs add up, Greencore’s food to go rebounds and all the latest news from the City.
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NewsUnilever and Fever-Tree feel weight of mounting costs
Unilever on Thursday warned mounting costs would leave full-year margins flat even as it outstripped City expectations
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NewsTesco hikes thousands of prices at former Metro stores
Tesco is to scrap the Metro format, almost two years after launching a review of the stores
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NewsHousehold cost of food to soar by £160 a year due to new regulations, claim food bosses
The FDF estimates increased costs in 2022-23 alone to exceed £4.4bn
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NewsCity snapshot: Retail sales surge in June to create fastest quarterly growth on record
Retail sales strongly rebounded in June as shoppers returned to stores and grocery sales remained robust despite the reopening of pubs and restaurants
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NewsCity snapshot: Wetherspoon bemoans food taxes as temporary hospitality VAT cut approaches end
Wetherspoon chairman Tim Martin has criticised the ‘tax inequality’ between supermarkets and the leisure trade as the government’s temporary reduction in hospitality VAT nears an end in September.
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NewsCity snapshot: Grocery sales hold steady in June despite lockdown relaxation
Grocery sales remained largely unchanged in June despite the widespread reopening of pubs and restaurants, as Nielsen data shows the discounters regaining market share as shopping habits return to normal
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NewsCity snapshot: UK consumer confidence holds firm in June
UK consumer confidence remained at its highest post-pandemic level during June, although concerns over rising inflation have affected sentiment over the country’s economic prospects.
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NewsCity snapshot: Grocery sales slide on hospitality reopening
Grocery sales slipped back 1.6% in the 12 weeks to 13 June, according to Kantar, as the reopening of pubs and restaurants led to reduced spend at UK supermarkets.
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NewsFood and drink exports crash as Brexit and Covid combine
Exports of food and drink to non-EU markets topped those to the EU for the first time since the FDF began collecting figures
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NewsCity snapshot: UK inflation rises to 2.1% in May as lockdown eases
Inflation has continued to soar in the UK as the relaxation of lockdown restrictions led to a rise in consumer spending. Plus, a third-quarter trading update from agri-services group Origin Enterprises.
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NewsCity snapshot: May retail sales boosted by hospitality reopening
UK retails sales jumped 10% in May on a two-year basis, driven by buoyant consumer spending as the UK reopens from the coronavirus lockdown
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Comment & OpinionHeinz’s investment in the UK is welcome, but it’s only part of the picture
Under the new announcement, Tomato Ketchup and other classic Heinz table sauces will be made in the UK for the first time in more than 20 years
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NewsConfidence rises as food and drink companies see ‘light at end of tunnel’
An FDF survey found the rollout of the vaccine and the easing of lockdown restrictions were having a positive impact
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Comment & OpinionHow food and drink spending will change in the Covid recovery phase
A new IGD report suggests there are grounds for optimism amid the uncertainty
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NewsCity snapshot: UK retail sales surge as shoppers flock back to stores
Retail sales volumes jumped 9.2% in April as the easing or coronavirus regulations and the return of shoppers in stores boosted the industry. Plus, Oatly shares soar on market debut, UK consumer confidence rises and all the latest news from the City
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Comment & OpinionBusinesses fighting to recover aren’t out of the woods – even as lockdown ends
Optimism about the end of lockdown is giving way to caution as capacity, credit and cashflow issues abound, says Andrew Kuyk, director general at Provision Trade Federation
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NewsSupermarket price war drives down food prices for first time since 2017
Food prices have fallen for the first time in more than four years as supermarkets continued to slug it out in a bid to win shoppers, according to the latest figure from the British Retail Consortium and NielsenIQ.