more economy news & analysis 4 – Page 23
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News
Media Bites 25 September: Coronavirus, Morrisons, Pets at Home,
The government will cover almost a quarter of pay for workers in “viable” jobs for the next six months
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Coronavirus curfew plans ‘crushing blow’ to sector, say hospitality bosses
Boris Johnson is today set to announce moves to order pubs and other hospitality venues to close at 10pm
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Media Bites 22 September: Coronavirus, Unilever, Aldi/Lidl
Global stock markets fell heavily into the red as concern grew that a second wave of lockdowns is on the way
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City snapshot: UK retail sales recover for fourth consecutive month
UK retail sales continued to recover in August, with sales up a further 0.8% in the fourth consecutive month of sector growth. Plus, coronavirus lockdown costs Applegreen €400m in lost sales and all the rest of the latest news from the City.
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Grocery sales growth slows in August
Fewer meals eaten at home due to the popularity of the Eat Out to Help Out scheme meant consumers spent £155m less in supermarkets
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City Snapshot: Eat Out to Help Out scheme drives inflation to five year low
UK inflation has fallen to its lowest level since 2015 as the Eat Out to Help Out Scheme helped drive down prices. Plus, The Hut Group’s shares surge on market debut, updates from Science in Sport and Eagle Eye Solutions and all the rest of the latest news from the City.
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Tesco price-cutting drive shifts it into annual deflation
Tesco’s drive to cut prices in the post-lockdown market has seen it move back into annual price deflation for the first time in almost a year
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UK retail sales continue to recover but city centres remain ‘devastated’
Retail sales continued to recover in August, but remain well down on an annual basis as the country recovers from lockdown.
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City Snapshot: Empty offices leave retail locations deserted
UK footfall remained 34.8% down year-on-year in August despite the reopening of shops and the ending of lockdown as empty offices mean footfall is not returning to towns and city centres.
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Comment and Opinion
Big brands need to take a stand against child hunger
The Stand Against Hunger will look to keep the issue at the forefront of consumers’ minds, says Craig Sargeant, general manager, Mars Food
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City snapshot: UK food and drink recovers ahead of global Covid recovery trend
The UK’s food and beverage sector was ahead of international Covid-19 recovery trends in July, according to a newly launched Lloyds Bank UK Recovery Tracker
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Analysis and Features
The four shopper mindsets that will rule retail’s ‘new normal’
These mindsets are intended as guides to help us understand the ways different shoppers are feeling and critically, what brands need to do to stay relevant
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City snapshot: UK retail sales rise back above pre-pandemic levels
UK retail sales rose back above the levels seen before the coronavirus pandemic in July as consumer demand continues to rebound, according to official government figures
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City snapshot: Shock jump in inflation as petrol and clothing prices rise
Prices have risen faster than expected in July as lockdown restrictions were relaxed and consumers returned to the shops.
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Supermarket sales growth eases as stockpiling subsides
Take-home grocery sales growth slowed to 14.4% year on year during the 12 weeks to 9 August 2020
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Suppliers squeezed as HMRC moves to claw back tax owed
Food manufacturers are being squeezed by the government as HMRC withholds VAT refunds to claw back tax owed, putting thousands of jobs at risk
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Retail sales increase for second month in a row but food growth slows
Food and grocery sales have slowed down in July following exceptional growth at the height of the coronavirus outbreak as shopper behaviour returns to “normal”
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Comment and Opinion
How CCEP is playing a positive role as part of the Covid-19 Business Pledge
Collaboration is the most powerful tool we have, says Leendert den Hollander, GB general manager at Coca-Cola European Partners
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City snapshot: Footfall slowly returning to Britain’s shops and centres
Shoppers are slowly making their way back to the high street as pubs, cafes and restaurants reopen
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Lockdown inflation falls back as grocers head for a price war
The lockdown-driven spike in supermarket inflation dramatically fell back in July as the major grocers fired the first shots of a post-Covid price war.