09012024 - Flipbook - Page 25
25
TUESDAY JANUARY 9 2024
MARKET
ROUND-UP
FTSE
100
7694.19
Our mega £4.1 billion
grocery splurge...
+ 4.58
FTSE
250
19393.80 +183.41
RISERS & FALLERS
GARY McDONALD
BUSINESS EDITOR
g.mcdonald@irishnews.com
N
ORTHERN Ireland consumers spent a record-breaking
£4.1 billion on their grocery
shopping in 2023 – despite
food costs being at their highest in
decades.
The gures from analysts Kantar
also show that the average household spent an all-time high of £5,540,
The biggest risers on
the FTSE 100 were
Melrose Industries,
up 24p to 581.4p,
B&M European,
up 17.2p to 561.8p,
which
is
£605
more
than
the
year
before.
Shoppers
in
Northern
Ireland
also made 195 million trips to their
preferred
supermarkets
over
the
year – 525,000 more than 2022 and
again the highest on record.
Grocery ination stood at 14.4%
Rolls-Royce, up 8.6p
in December, the third consecutive
to 305.2p, Legal &
month of decline (down to the level
General, up 6.8p to
250.6p, and Smith &
Nephew, up 28.5p to
1,070.5p
last seen in June).
“Although ination levels are falling, they are still exceptionally high,
and consumers in Northern Ireland
are still facing signicant pressures
on
their
household
budgets,”
ac-
cording to Emer Healy, business development director at Kantar.
“Retailers are putting more emphasis on own-label lines and promotions to attract shoppers through
the door.
“Over
21%
of
sales
were
made
through a promotional offer. A level this high has not been seen since
November 2020.
“Own label remains popular and
The biggest fallers
on the FTSE 100
were Shell, down
80p to 2,491p, BP,
down 12.4p to
has grown 16.6% year-on-year with
shoppers
spending
an
additional
£263 million in 2023 versus the previous
year.
during
into its tills.
before.
Sainsbury’s
“Brands
share
Retailers are putting
more emphasis on
own-label lines and
promotions to attract
shoppers through the
door
currently
versus
own
hold
label
at
54%
share,
44%
as
share,” Ms Healy added.
Over
Christmas
Northern
rm
Ireland
favourites
tional
£4.9m
tionary,
on
£3.8m
consumers
to
spent
chocolate
on
in
some
Emer Healy
maintains
an
new
16.7%
shoppers
and
formance,
while
Asda
has
a
15.9%
addi-
slice of the pie, growing 11.7% year-
confec-
on-year. More frequent trips contrib-
vegetables
its
in
a
year-on-year,
additional £87.8m to its overall per-
and
uted to an additional £45.3m overall.
£1m on seasonal biscuits.
Tesco
growth
13.1%
more frequent trips contributed an
turned
and
commands
growing
position
at
in
Lidl
had
new
shoppers
the
strongest
growth
alongside
more
the top of the table as the north’s
frequent trips, which together contributed an additional £39.6m to its
share, growing 12.4% year-on-year. It
overall
more branded goods. Brands grew
saw strong growth in more frequent
a
9.9%
trips alongside attracting new shop-
Ireland.
year-on-year,
did
with
festive
pers which put an additional £106m
on such goods compared to the year
largest grocer with a 34.9% market
consumers
the
“
spending an additional £204 million
for
season
But
Shoppers in Northern Ireland spent £4.1 billion on groceries in 2023 despite spiralling food inflation, according to analysts
Kantar
reach
shoppers
9.2%
performance.
market
share
It
now
in
holds
Northern
461.45p, Endeavour
Mining, down 37p
to 1,540p, Anglo
American, down
24p to 1,846.8p, and
Glencore, down 5.9p
to 457.1p
Planning approval for student accommodation
in listed buildings within city’s historic walls
man’s
RYAN McALEER
P
from a new programme set up the
of the building is currently occupied
National Lottery Heritage Fund and
by
the
Foyle
‘Coward’s
International
granted to develop student
comprised of vacant ofces.
accommodation
in
school.
The
English
remainder
is
Architectural
Heritage
Fund
to
support the regeneration of disused
heritage buildings.
listed
A three storey ofce building be-
The charity is behind several suc-
buildings inside Derry’s his-
hind Magazine Street is also part of
cessful regeneration schemes in Der-
the plans.
ry, including Bishops Gate Hotel, the
charity,
the
Inner
The
Inner
Trust
Tower Museum and the Craft Village.
apartments,
The Inner City Trust has once again
light for the student units on Maga-
two
zine Street, close to the Tower Mu-
bed apartments and a single student
seum.
dwelling house with four beds.
for
40
students,
six-bed
one-bed
proposal
includes
accommodation
four
City
City Trust, has been given the green
The project, which will provide
1.11 euro
1.21 dollars
ner City Trust was awarded £170,000
the
and
language
Regeneration
EURO
USA
Bastion’
LANNING approval has been
toric walls.
TOURIST RATES
Bas-
tion’ on Derry’s famous walls. Part
apartments,
four
ve-
Derry City and Strabane District
Council
ofcially
granted
turned
to
Mullarkey
Pedersen
to
design the scheme.
The Derry and Dublin-based rm
is responsible for a number of regen-
planning
eration schemes in the city, includ-
centres on listing buildings at 17-20
permission for the project on Friday.
ing Bishops Gate Hotel, St Columb’s
Magazine Street, overlooking ‘Hang-
It comes just weeks after the In-
Cathedral and the Siege Museum.
Derry’s Inner City Trust has been given
planning approval to redevelop listed
buildings on Magazine Street into
student accommodation