All Economy articles – Page 38
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NewsCoronavirus: Government approves only one in 10 Future Fund applications
The British Business Bank revealed £55.9m worth of convertible loans had been approved since the fund opened on 20 May, despite receiving applications worth £515m on the first day of opening
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NewsCity snapshot: Restaurant Group to close 125 Frankie and Benny’s sites via CVA
The Restaurant Group has announced its intention to close 125 Frankie and Benny’s restaurants and seek rent reductions for a further 85 sites after instigating a company voluntary arrangement.
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NewsCity snapshot: BAT lowers guidance despite ‘resilient’ lockdown performance
British American Tobacco has reported a resilient performance despite the effects of the coronavirus outbreak, with “strong” trading in developed markets
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NewsCo-operatives more likely to weather post-lockdown slump, finds report
Taken together, the UK’s mutuals have a turnover of £38.2bn – £500m higher than in 2019
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Analysis & FeaturesWhat has happened to consumer confidence since lockdown began?
So as we look towards a further easing of restrictions in the UK, what has happened to consumer confidence? And what could that mean for future spending?
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NewsCity snapshot: Grocery sales surge 17.2% as lockdown eases
British take-home grocery sales surged by 17.2% over the past four weeks to take 12-week grocery growth to its highest level since records began, according to Kantar. Plus, Britvic posts ‘robust’ performance despite coronavirus impact, Supermarket Income Reit creates JV to invest in Sainsbury’s supermarkets and all the rest of the latest news from the City.
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NewsCity snapshot: Retail sales drop again to record low
UK retail sales have yet again broken another record in April, dropping almost 20% in value throughout the month.
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NewsCoronavirus crunch pushes raft of FTSE retailers to profit warnings
FTSE retailers issued 38 profit warnings in the first three months of the year, exceeding the 32 recorded in the sector for the whole of 2019
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NewsCity snapshot: Lockdown wipes almost all April footfall
UK streets were left silent in April under the government-imposed lockdown to prevent the spread of coronavirus
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NewsSupermarket price inflation spikes under lockdown as retailers halt deals
The Grocer Price Index recorded year-on-year inflation of 2% during the first full month of the UK lockdown in April
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NewsCoronavirus: SMEs fear end to furlough scheme will lead to redundancies
Emma Loisel, co-founder and chair at Volcano Coffee Works, wrote an open letter to Chancellor Rishi Sunak this week urging a change in the rules of the furlough scheme
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NewsCity snapshot: Retail footfall suffers sharpest drop ever as shops shut
Last months figures showed the number of visits to shops plunged 80%, almost double the 41.3% reduction experienced in March
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NewsFood & drink SMEs among thousands to submit Bounce Back loan applications
Companies banking with NatWest were among those struggling to secure confirmation of the loans, despite the government promising a no-fuss process
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NewsTesco’s coronavirus sales growth outstrips discounters as convenience sales soar
The UK’s largest supermarket Tesco grew sales at a faster rate than the German discounters in April, while convenience sales continue to boom
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NewsCoronavirus: SMEs welcome ‘lifeline’ of government-backed ‘bounce back’ loans
The new micro loan scheme comes as previous emergency measures for SMEs received harsh criticism for letting many “slip through the cracks”
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NewsGrocery sales growth slows in April
The past 12 weeks have continued to see strong grocery sales growth of 9.1%, according to Kantar, but sales growth slowed down in the past four weeks.
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Analysis & FeaturesAre supermarkets doing enough to keep the prices of groceries down?
Amid soaring demand, supermarkets have been careful not to increase prices, but with promos axed to stabilise supply the effect is inflationary
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NewsFmcg brands worry government furlough scheme delays will hit cashflow
The government has said money will take six days to reach firms, but many are sceptical
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NewsCoronavirus: UK government announces £1.25bn package for ‘innovative firms’
The new scheme includes a £500m investment fund made up of cash from both the government and the private sector
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NewsGovernment considers calls to underwrite trade credit insurance
The government is considering requests from food and drink leaders and the wider insurance industry to underwrite trade credit insurance