more economy news & analysis – Page 38
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NewsRetail sales recover in October as bigger discounts encourage spending
On a total basis, sales rose 0.6% in the four weeks to 26 October
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NewsBusiness rates system ‘unacceptable’ Treasury Select Committee concludes
Today’s report was dismissive of previous attempts to soften the blow of rates on retailers
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NewsCity snapshot: Retailers turn hopes to ‘golden quarter’ as prices drop
UK shop prices continued to slide in October, marking the fifth consecutive month of decline as retailers hoped to reverse weak sales with greater discounts. Plus non-execs step down at Sainsbury’s, Mondelez raises guidance on emerging markets growth and all the rest of the latest news from the City.
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Analysis & FeaturesWhat do new US tariffs really mean for the scotch trade?
Just how damaging for the sector will Trump’s new 25% tariffs be?
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NewsSupermarket prices fall back in September
Supermarket prices edged back into deflation last month for the first time since April, according to the latest Grocer Price Index.
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NewsCity snapshot: Consumer confidence dented by Brexit uncertainty
Brexit uncertainty and a slowdown in the jobs market hit consumer and business confidence in the third quarter, with a further drop in confidence and slowdown in consumer spending tipped for next year.
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NewsCity snapshot: Early autumn grocery growth rebounds
Sales across the grocery industry rose 1.3% during the past 12 weeks as the industry emerged from the shadow of tough summer 2018 comparisons. Plus, Marston’s issues profits warning on weak food sales and all the rest of the latest news from the City.
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NewsCity snapshot: UK retail footfall continues to plunge
Retail footfall has dropped once more in September as consumer caution ahead of Brexit increased.
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NewsBrexit uncertainty pushes retail sales to ‘new record low’ in September
UK retail sales slumped 1.3% in September, crumbling to a “new record low” for the month
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NewsCity snapshot: Müller posts further significant UK losses in face of ‘broken’ market
Müller’s UK & Ireland business has slumped to another significant annual operating loss, on the back of challenging conditions in the liquid milk category.
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NewsCity snapshot: Bank holiday sun helps grocery market back into growth
The grocery market has returned to growth with a 0.5% uplift in value sales, the latest grocery market share figures from Kantar show. Plus, Ocado Retail grows third quarter revenues by 11.4%, plus all the rest of the latest news from the City.
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NewsCity snapshot: UK shop closures surge to record levels
Heightened restructuring activity has seen the half-year net reduction in stores on Britain’s high streets hit record levels according to research by the Local Data Company and PwC.
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NewsRetail footfall drops amid continued Brexit uncertainty
Retail footfall continued its downward trend in August amid weakening consumer confidence and Brexit uncertainty
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NewsCity snapshot: BRC rejects Gove reassurances over food shortages
The British Retail Consortium has labelled cabinet minister Michael Gove’s reassurances over shortages of fresh food under a no-deal Brexit scenario “categorically untrue”.
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NewsConsumer confidence slips amid mounting pre-Brexit nerves
UK consumer confidence slipped back this month, as mounting Brexit uncertainty led to consumers feeling increasingly nervous
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NewsUK shop prices fall in August amid high levels of promotions
UK shop prices have continued to slump in August as weak consumer spending and mounting competition led to higher discounting within the retail sector
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NewsUK retail sales crumble at fastest rate in over 10 years
CBI figures showed that, in the year to August, both retail sales volumes and orders fell at the fastest pace since December 2008
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NewsManufacturing output stabilises following July slump
Manufacturing output stabilised in the three months to August, following a drop in July, the latest monthly Confederation of British Industry Industrial Trends Survey shows
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NewsSainsbury’s outperforms rivals in flat grocery market
Grocery sales flatlined in the 12 weeks to 11 August 2019 as the tough comparisons with 2018’s strong summer continue to hamper food and drink sales growth.
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NewsJeremy Corbyn unveils plan to prevent high street ‘retail apocalypse’
Labour leader is expected to announce plans to give councils new powers to re-open abandoned empty shops