All articles by Alec Mattinson – Page 99
-
NewsSpecialist pate makers Patchwork and Pyman to merge
North Wales-based Patchwork Pates and Devon-based Pyman Pates are to merge to scale up and meet demand for premium British pates and meat-free alternatives.
-
NewsCity snapshot: McColl’s reassures the market on financial strength
McColl’s has issued a business update regarding the deepening COVID-19 crisis, reassuring the City that it has the “financial and operational flexibility” to deal with prolonged disruption. Plus, Waitrose introduces new coronavirus measures, trading updates from Applegreen, Cake Box, Wynnstay, a new CFO for Greencore and all the rest of the latest news from the City.
-
NewsMedia Bites 24 March: Supermarkets/coronavirus, Retail closures & rents, Food wholesalers
Demand for workers to fill jobs in supermarket warehouses has surged by a third as internet shopping booms.
-
NewsCoronavirus: Greggs to close its stores tomorrow as weekly sales plunge 9.9%
Food to go chain Greggs has announced it will close its entire shop estate by the close of business on Tuesday 24 March in response to the coronavirus crisis
-
NewsGlobal food retail shares could benefit from coronavirus demand surge
Analysts have suggested the global grocery sector could be set to benefit from the rapid escalation of demand driven by the pandemic
-
NewsAs Nature Intended falls to loss ahead of Planet Organic sale
As Nature Intended slipped into the red last year ahead of its acquisition by Planet Organic, announced last week
-
NewsCity Snapshot: Soft drinks suppliers warn of coronavirus impact
Soft drink makers AG Barr and Britvic has warned that the coronavirus has severely impacted their out of home sales, while Coca-Cola European Partners has scrapped its share buyback programme because of the virus. Plus, John Lewis and Primark shut their stores and all the rest of the latest news from the City.
-
NewsMedia Bites 23 March: Coronavirus/Supermarkets/Retail
Panic buying sent sales soaring by more than 50% at supermarkets last week as shoppers spooked by the coronavirus rushed out to stockpile.
-
NewsVegan boom propels Huel to top of the Alantra Food & Beverage Fast 50
The explosive growth of direct to consumer ‘complete meal’ brand Huel has propelled the brand to the top of Alantra’s Fast 50 list of rapidly expanding food and drink players.
-
NewsCity snapshot: M&S warned of ‘severe impact’ of coronavirus and readies store closure contingencies
Marks & Spencer has warned of the “severe impact” of the coronavirus outbreak on its clothing and home business and has detailed a cost-control programme to mitigate the damage. Plus, supermarket competition law temporarily relaxed, Hotel Chocolat raises cash amid outbreak sales downturn and all the rest of the latest news from the City.
-
NewsMedia Bites 20 March: Coronavirus/supermarkets, Retail industry, Ocado
The government is relaxing competition regulations to allow retailers to work together more closely to help feed the UK during the coronavirus outbreak
-
NewsCMA gives green light to PepsiCo’s acquisition of Fruit Bowl owner Pioneer
The UK’s competition watchdog has closed its investigation into the $1.7bn merger between PepsiCo and South African food group Pioneer Foods.
-
Comment & OpinionCoronavirus and the City: Who’s been least and worst affected?
Global stock markets have crashed on mounting fears over the economic impact of the virus – but some share prices have plunged further than others
-
NewsCoronavirus: HMRC to fast-track applications for distillers to shift to hand sanitiser production
HMRC has pledged to fast-track applications for spirits producers to use tax-exempt alcohol to shift production to hand sanitisers and gels amid a national shortage
-
NewsCity snapshot: Morrisons expands online delivery and guarantees pay amid ‘unprecedented’ coronavirus challenge
Morrisons has pledged to expand its online delivery capacity and has guaranteed the pay of its staff amid what it called ”unprecedented challenges and uncertainty” around the coronavirus outbreak.
-
NewsMedia Bites 18 March: Chancellor/Business rates, Supermarkets/Coronavirus, Compass
Rishi Sunak has announced state loan guarantees worth £330bn along with a further £20bn of financial handouts to help struggling businesses cope with the rapid spread of coronavirus, including a one-year break from business rates.
-
NewsCity snapshot: Compass Group issues coronavirus-driven profits warning
Global catering giant Compass Group expects the spread of the coronavirus to hits its bottom line by up to 30% and reduce profits by £225m. Plus, The British Honey Co will use excess capacity to produce alcohol sanitisers, Bakkavor completes £455m refinancing and all the rest of the latest news from the City.
-
NewsMedia Bites 17 March: Asda, Supermarkets/coronavirus, ABF
Asda is moving closer to a sale after attracting bids from several private equity firms that could value the company at more than £7bn.
-
NewsCity snapshot: Associated British Foods warns of impact of Primark European store closures
Associated British Foods has this morning warned the temporary closures of its Primark stores in Italy, France, Spain and Austria could cost £190m in lost sales. Plus The BRC and supermarkets issue public plea over panic buying and all the rest of the latest news from the City.
-
NewsMedia Bites 16 March: Supermarkets/coronavirus, Morrisons, Hand sanitiser
Britain’s leading supermarkets are pleading with customers to refrain from panic buying during the coronavirus crisis, with some already rationing items and turning new customers away to cope with demand.