All The Grocer articles in 26 September 2020 – Page 8
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Soaring food sales boost Co-op first half performance
Total revenues in the 26 weeks to 4 July were up 7.6% to £5.8bn driven by the strong performance of its food and wholesale arms
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Halo Foods bought by US PE firm Peak Rock Capital
The Welsh cereal bar manufacturer has been bought by the US private equity investor after a successful turnaround since being sold by Finnish food group Raisio
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City Snapshot: John Lewis Partnership scraps staff bonus as it suffers £635m loss
The John Lewis Partnership has scrapped its annual staff bonus as it suffered a first half loss of £635m amid restructuring costs and heavy writedowns of its John Lewis store estate. Plus, grocery sales boom at Co-op, update from Hilton Food Group and all the rest of the latest news from the City.
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Media Bites 17 Sep: Hut Group, Waitrose/John Lewis, Inflation
Shares in Hut Group have jumped in value by a quarter at the start of trading on their first day on the stock market
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Government confirms extension of protection against eviction for businesses
The protection, which has been in place since March, was due to expire on 1 October but will now last until the end of the year
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Coronavirus outbreak hits first half sales at Science in Sport
Sports nutrition group Science in Sport posted a drop in first half sales and an underlying operating loss given the “severe disruption” to its business caused by the COVID 19 pandemic
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Government rules out paying businesses’ rent shortfall
Protections against eviction are expected to be extended for three months but a grant scheme is said to be off the table
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Grocery sales growth slows in August
Fewer meals eaten at home due to the popularity of the Eat Out to Help Out scheme meant consumers spent £155m less in supermarkets
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City Snapshot: Eat Out to Help Out scheme drives inflation to five year low
UK inflation has fallen to its lowest level since 2015 as the Eat Out to Help Out Scheme helped drive down prices. Plus, The Hut Group’s shares surge on market debut, updates from Science in Sport and Eagle Eye Solutions and all the rest of the latest news from the City.
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Media Bites 16 Sep: Ocado, Kraft Heinz, Grocery market share
Ocado has moved to within 10% of the stock market valuation of Tesco after a share price surge linked to the online specialist’s new tie-up with Marks & Spencer
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Iceland challenges other retailers to reveal their total plastic use
The frozen food specialist has published its own figures, including primary product packaging as well as packaging used in deliveries to stores
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Supermarkets puzzled over Poundstretcher selling their own-label products
Products including Aldi and Co-op own-label soy sauce and Tesco and Morrisons toothpaste have turned up in Poundstretcher stores
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Poundland launches alcohol range in latest transformation step
The booze ‘shops in shops’ are offering branded wines, gin, rum, vodka, ready-mixed drinks, lagers, ciders and real ales
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Eos Scientific offers SMEs reduced-price CBD testing service
The supplier is charging £40k-£100k for an ‘end-to-end regulatory service’ for novel foods status
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Insane Grain nets six figure cash investment to fund 2021 retail launch
Healthy snacking start-up Insane Grain has raised a six-figure investment from fmcg veterans to ready the brand for growth in 2021
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City snapshot: Ocado sales surge by 52% ahead of M&S switch
Ocado’s retail revenues soared by 52% in the 13 weeks to August due to sharply rising demand for online groceries - plus, growth slows in August as more meals are eaten out according to the latest grocery market share figures.
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Media Bites 15 Sep: Aldi, Retail footfall, Domino’s Pizza
Aldi is to run trials of a click-and-collect grocery service in Britain as it looks to expand its online offering
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Home Bargains to introduce traffic lights at store entrances
Home Bargains joins Aldi in introducing traffic lights at store entrances to control shopper numbers during the pandemic
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Feature Synopsis
Focus On Sauces & Condiments: 24 October
Prior to the pandemic, pricing was the key battleground for sauces and condiments. Now what?
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Feature Synopsis
Focus On Protein: 24 October
Protein has become a universal cue for health. Simply putting ‘added protein’ on a product immediately communicates a positive message