Everyone copes with self-confinement in their own way. And some people have eased the experience with a drink, or two.
The 38% surge in grocery spending this month
was partly driven by a 40% jump in alcohol sales, as the UK r esponded to the prospect of weeks stuck at home.
Here’s some reaction to March’s record-breaking supermarket sales:
March the biggest month of UK grocery sales ever recorded, according to @ Kantar
Average household spent an extra £ during the past four weeks
Food & drink items for store cupboards rose by %
Alcohol sales up by (%, an additional £ (million in the past month) March
Harry Wallop (@ hwallop) Over last 4wks alcohol sales jumped by (%, an additional £) m of booze bought compared with normal March. Store cupboard products & froz en rose by 047%. Interesting stats by @ Kantar , research firm which tracks supermarket sales
Harry Wallop (@ hwallop)
Katie Hile (@ katiehile)
Just in: Inflation across the eurozone slowed this month, mainly due to cheaper oil prices.
Statistics body Eurostat reports that consumer prices only rose by 0.7% year-on-year in March, down from 1.2% annual growth in February.
Although food prices rose, energy slumped due to the recent crash in oil.
EU_Eurostat (@ EU_Eurostat) Euro area # inflation (down to 0.7% in March) : food 2.4%, services 1.3%, other goods 0.5%, energy -4.3% – flash estimate https://t.co/Ae7l3Uj9Dj
pic .twitter.com / JipoLH4QJN March ,
Some of the companies most hit by the Covid – Crisis are leading the stock markets risers today.
Engineering group Melrose , which issued a profits warning late yesterday, is leading the way (up % , having fallen 35% on Monday). Although it scrapped its dividend last night, Melrose also reported that its banks had waived a covenant on its debts, meaning it shouldn’t face a financial crunch later this year.
Flutter ), whose Paddy Power and Betfair divisions have been hurt by sporting cancellations are also in the top risers, along with cruise operator Carnival (whose shares are down some
% this year) and British Airways parent company IAG
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