Finance news – Page 181
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NewsCity snapshot: New coronavirus lockdown measures send Greencore sales down 15%
Greencore has reported a 15% drop in first quarter sales due to the impact of new Covid restrictions. Plus, trading updates from PZ Cussons, AG Barr and more.
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NewsMedia Bites 26 January: High Street, Morrisons, Greenpeace
The papers focus on the troubles on the high street after Boohoo acquired Debenhams online business and Asos circles Topshop.
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NewsCentral England Co-op reports 9.2% growth in festive sales
New Year’s Eve saw the biggest jump with an 11% sales hike
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NewsCity snapshot: Sainsbury’s and Waitrose sites bought for £65m
Supermarket Income REIT has snapped up a Sainsbury’s and a Waitrose store for £64.8m. Plus, Tesco sets general meeting date to vote on £5bn special dividend from Asia sale.
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NewsMedia Bites 25 Jan: John Lewis Partnership, Business rates, Sainsbury’s
The John Lewis Partnership is under increasing pressure to hand back millions of pounds of business rates relief after revealing that it performed better than expected at the end of last year
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NewsCity News: Premier Foods share price resurgence levels out
The resurgence in Premier Foods share prices stalled somewhat this week, despite yet more stellar branded growth, as the City began to question how long its sales boom can continue.
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NewsYo Sushi reports blow to supermarket sales as well as restaurants
Yo Sushi’s supermarket push has been hit by the pandemic in a further blow for the retailer, whose restaurant arm has undergone a CVA.
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NewsMarigold slides into red after fire but lockdown cooking demand provides boost
The business was hit with exceptional costs of £1.3m related to the fire, including redundancy payouts for more than 100 staff, and saw stock worth £2m destroyed.
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NewsBerczy wins funds to strengthen supply chain
The brand said it would use the cash to “strengthen its supply chain to scale”
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NewsProper joins forces with Eat Real in new Exponent healthier snacking play
A new company to combine Proper with its Eat Real brand will be created by Exponent under a new joint CEO
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NewsCity snapshot: Retail sales suffers worst year on record after Christmas falls flat
The UK retail sector has suffered its worst year on record after a Christmas sales rise of 0.4% failed to meet expectations, according to the Office of National Statistics. Plus, The John Lewis Partnership upgrades profit expectations and pays back £300m government aid and all the rest of the latest news from the City
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NewsMedia Bites 22 Jan: EG Group, Border disruption, Pets at Home
EG Group, the UK petrol stations company whose billionaire owners are buying Asda, is bringing in retail veteran Stuart Rose to improve governance after its auditors resigned over the matter last year (The Financial Times £). A former boss of Marks & Spencer has been appointed as ...
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NewsCity Snapshot: EG Group names former M&S CEO Lord Rose as chairman
Future Asda owner EG Group has appointed former M&S CEO and current Ocado chairman Lord Stuart Rose as non-executive chairman with immediate effect
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NewsMedia Bites 21 January: Unilever, Co-op, P&S, WH Smith
The papers are packed with reports of President Joe Biden’s inauguration, but find room for stories about Unilever’s living wage plan, a rise in abuse for supermarket workers and latest results from P&G and WH Smith.
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NewsF&B deals sink to 11-year low as coronavirus pandemic hits industry
Despite encouraging signs of recovery in the final months of the year, M&A volumes slumped 40% to 58 transactions in 2020, the report by corporate finance house Oghma Partners showed.
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NewsParsley Box secures £5m to ramp up DTC growth
Parsley Box is backed by VC firm Mobeus Equity Partners, which invested £4.6m in the business in 2019. The Edinburgh-headquartered business prepares ambient ready meals for the baby boomer demographic.
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NewsCity snapshot: WH Smith reports surprise Christmas boost
WH Smith has performed better than expected over Christmas as its high street stores operated at close to 2019 levels despite the ongoing Covid restrictions. Plus, Wincanton upgrades profit forecasts as shoppers turn online. And, inflation rises to 0.6% for December.
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NewsMedia Bites 20 Jan: Deliveroo, Premier Foods, Food imports
Food delivery giant Deliveroo has reportedly picked London for its hotly anticipated stock market float this year as Next’s chief executive Simon Wolfson joins the board.
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NewsLindt sales slump as Covid lockdown hits Christmas trading
Group revenues slumped 6.1% to CHF 4bn (£3.3bn) in 2020 as a result of lockdown restrictions across the world and a fall in out-of-home consumption. The fall was in line with guidance the Swiss chocolatier gave at the half year, with expected declines between -5% and -7%.
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NewsTribal Sports Nutrition secures £420k in crowdfunding campaign
Challenger nutrition brand Tribal Sports Nutrition has raised more £420k from the crowd to bring new products to market and raise brand awareness.