focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksMRW.L Share News (MRW)

  • There is currently no data for MRW

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UK grocery sales fall as fuel crisis keeps shoppers at home

Tue, 12th Oct 2021 07:44

(Sharecast News) - UK grocery sales were curtailed by the fuel crisis last month, industry data showed, while inflationary pressures continued to mount.
According to research by consultancy Kantar, take-home grocery sales fell by 1.2% in the 12 weeks to 3 October, with the average household making 15.5 visits to supermarkets in the past four weeks. That is the lowest monthly figure since February, when the country was in lockdown.

Kantar said that on Friday 24 September, visits to petrol stations soared 66% as drivers tried to top up ahead of the weekend.

"The reduced availability of petrol saw shoppers limit the number of trips they made to supermarkets," confirmed Fraser McKevitt, head of retail and consumer insight at Kantar.

But while sales fell, prices rose. Grocery inflation was 0.9% in the 12 weeks to 3 October, with prices rising fastest in savoury snacks and cat food, and falling in fresh bacon, vegetables and dog treats.

In the last four weeks prices, were up 1.7% year-on-year.

McKevitt said: "In real-world terms, the average household had to spend an extra £5.94 on groceries last month than they did at the same time last year. The typical household spends £4,726 per year in the supermarkets, so any future price rises will quickly add up."

Among individual grocers, Tesco was the only big name to report sales growth, up 1.2% in the 12-week period. That helped nudge its market share up to 27.5%, the highest since February 2019.

In contrast, J Sainsbury's reported a 1.5% decline in sales, while Asda's sales fell 1.7% and Wm Morrison Supermarkets' were 4.0% lower. Sales at Waitrose, which is part of the John Lewis Partnership, were flat.

Online, and overall penetration edged up to 12.4% in September from to 12.2%, reversing a seven-month run of falls.

Ocado reported a 5.9% slide in sales in the 12-week period, although the group still has the highest two-year increase of any retailer, with sales up 35.9%.
More News
7 Sep 2021 13:27

UPDATE 3-TransDigm ends $8.7 bln bid battle with Parker for UK's Meggitt

(Adds Meggitt statement)By Yadarisa ShabongSept 7 (Reuters) - Aerospace parts maker TransDigm bowed out of an $8.7 billion takeover battle with fellow U.S. bidder Parker-Hannifin for Britain's Meggitt on Tuesday, wiping as much as 14% off British ...

Read more
7 Sep 2021 13:27

UPDATE 2-TransDigm ends $8.7 bln bid battle with Parker for UK's Meggitt

(Updates shares, adds detail and background)By Yadarisa ShabongSept 7 (Reuters) - Aerospace parts maker TransDigm bowed out of an $8.7 billion takeover battle with fellow U.S. bidder Parker-Hannifin for Britain's Meggitt on Tuesday, wiping as much...

Read more
2 Sep 2021 14:55

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

Read more
1 Sep 2021 17:23

TOP NEWS: Morrisons, Meggitt join blue-chips; Darktrace rises to 250s

TOP NEWS: Morrisons, Meggitt join blue-chips; Darktrace rises to 250s

Read more
25 Aug 2021 12:41

Weir, ITV set for demotion in next FTSE reshuffle

(Sharecast News) - Broadcaster ITV and engineering firm Weir are set for a demotion from the FTSE 100 in the next reshuffle, while takeover targets Morrisons and Meggitt are in line for a promotion.

Read more
25 Aug 2021 12:14

LONDON MARKET MIDDAY: Tentative gains as markets await Powell speech

LONDON MARKET MIDDAY: Tentative gains as markets await Powell speech

Read more
25 Aug 2021 10:52

LIVE MARKETS-ITV: love will not save you

* European shares edge up* STOXX 600 to hold to records in Q4- Reuters poll* Markets await Powell's speech on Friday* German business morale falls in August* Elekta shares slide after resultsAug 25 - Welcome to the home for real-time coverage of mar...

Read more
25 Aug 2021 10:07

LIVE MARKETS-Anchored to records thanks to TINA

* European shares edge up* STOXX 600 to hold to records in Q4- Reuters poll* Markets await Powell's speech on Friday* German business morale falls in August* Elekta shares slide after resultsAug 25 - Welcome to the home for real-time coverage of mar...

Read more
25 Aug 2021 09:48

Clipper Logistics annual profit lifts as shift to online boosts growth

Clipper Logistics annual profit lifts as shift to online boosts growth

Read more
25 Aug 2021 09:07

LONDON MARKET OPEN: Just Eat to create UK jobs amid FTSE 100 removal

LONDON MARKET OPEN: Just Eat to create UK jobs amid FTSE 100 removal

Read more
25 Aug 2021 08:48

LIVE MARKETS-A Deliveroo sensation at the open, Elekta falls

Aug 25 - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.comA DELIVEROO SENSATION AT THE OPEN, ELEKTA FALLS (0741 GMT)As expected Euro...

Read more
25 Aug 2021 08:25

LIVE MARKETS-Europe's powerhouse just isn't feeling it

Aug 25 - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.comEUROPE'S POWERHOUSE JUST ISN'T FEELING IT (0725 GMT)As the COVID-19 Delta ...

Read more
25 Aug 2021 06:34

LIVE MARKETS-Europe wakes up with no clear trend in sight

Aug 25 - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.comEUROPE WAKES UP WITH NO CLEAR TREND IN SIGHT (0534 GMT)European futures ar...

Read more
24 Aug 2021 18:16

Morrisons bidding war could boost grocer back into FTSE 100 index

Morrisons bidding war could boost grocer back into FTSE 100 index

Read more
24 Aug 2021 17:32

UPDATE: CD&R says dialogue progressing with Morrisons pension trustees

UPDATE: CD&R says dialogue progressing with Morrisons pension trustees

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.