• Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends
Close Search
00
GBAF LogoGBAF Logo
  • Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends
GBAF Logo
  • Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Wealth
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Top Stories

    Posted By Jessica Weisman-Pitts

    Posted on May 31, 2024

    Featured image for article about Top Stories

    UK supermarket sales set for Euro 2024 fillip, says NIQ

    LONDON (Reuters) – The return of some warm weather in May helped drive sales growth at British supermarkets and they are set for a boost from the upcoming Euro 2024 soccer championship, according to industry data published on Friday.

    Market researcher NIQ said sales at UK supermarkets rose 3.3% in the four weeks ending May 18 year-on-year, thanks to a brief period of hot weather in the week ending May 11.

    The data is the most up-to-date snapshot of UK consumer behaviour.

    “It was the warm weather which helped to move the dial in terms of shopper spending at the UK supermarkets, more so than food inflation, which is expected to remain at around 3% for the next few months,” Mike Watkins, NIQ’s UK head of retailer and business insight, said.

    He said NIQ’s survey data showed at least 45% of UK households are interested in Euro 2024. Of those 69% plan to watch the matches at home by themselves or with other household members.

    “This could be a boon for supermarket sales of drinks, snacks and food for event-driven categories, such as barbecues,” said Watkins.

    The tournament, held in Germany, runs from June 14 to July 14, with both England and Scotland participating.

    However, Watkins did point out that comparative numbers are tough as last year the UK enjoyed its hottest June on record.

    Over the 12 weeks to May 18, NIQ said online player Ocado was again the fastest growing UK grocer with sales growth of 12.4% year-on-year, ahead of discounter Lidl with growth of 9.0% and Marks & Spencer with growth of 7.6%.

    Market leader Tesco saw sales growth of 5.4%, while No. 2 Sainsbury’s saw growth of 6.0%.

    No. 3 Asda was again the laggard with its sales falling 2.7%, while discounter Aldi only achieved growth of 0.7%.

    (Reporting by James Davey; Editing by Chizu Nomiyama)

    Recommended for you

    • Thumbnail for recommended article

    • Thumbnail for recommended article

    • Thumbnail for recommended article

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe