Finance news – Page 187
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NewsSymington’s returns to profit as pandemic boosts demand
Symington’s has bounced back into the black as a strategic plan led by the new CEO and demand driven by the coronavirus pandemic helped sales at the Chicken Tonight owner climb higher.
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NewsMedia Bites 2 Dec: Dairy inflation, Stockpiling, Shop prices
The head of the UK’s largest dairy farmers’ co-operative has warned that prices may rise sharply in the event of a “no-deal” Brexit
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NewsTesco repays £585m in business rates relief
Tesco has bowed to growing pressure to repay a huge business rates relief windfall from the government
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NewsCity snapshot: Tate & Lyle buys US stevia producer Sweet Green Fields
Tate & Lyle has agreed a deal to acquire $50m stevia ingredients company Sweet Green Fields to take full ownership of current partner.
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NewsCity News: Compass Group and Greencore provide reasons for optimism
This year will not be looked back on with any fondness by out-of-home eating specialists
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NewsMedia Bites 1 December: Caffe Nero/Issa Brothers, Unilever, Covid dividends
Mohsin and Zuber Issa, the billionaire brothers behind EG Group, made an offer to buy Caffe Nero over the weekend, but the ailing coffee shop chain has turned down the offer.
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NewsCity snapshot: EG Group partners with Cinnabon to create 2,000 jobs
Petrol forecourt giant EG Group is set to create 2,000 jobs with the opening of 150 Cinnabon stores across the UK after partnering with the US cinnamon roll brand. Plus, Unilever completes unification and Pets at Home acquires The Vet Connection for £15m.
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NewsMedia Bites 30 Nov: Trading hours, Farming, Pubs/Hospitality
Shops are to be allowed to stay open for longer in the run-up to Christmas under a major relaxation of rules announced to help revive High Street stores.
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NewsBeer52 and Virgin Wines explore options as sales rise
A surge in online sales of alcohol during lockdown has attracted investor interest
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NewsSecond lockdown hitting food to go less hard, says Greencore
Greencore said sales had decreased far less dramatically since the advent of new tiered restrictions
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NewsGraze losses increase as sales fall following Unilever acquisition
Operating losses at Graze have widened as sales slumped almost 20% following its acquisition by Unilever and closure of the US division
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NewsReady meal startups Equals Health and By Ruby seal successful crowdfunding campaigns
Access denied introTwo healthy ready meal startups are turning to the crowd for funding to capitalise on booming demand for online convenience food
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NewsCovid forces closure of Chiltern Foods
The business closed at the end of October with all 28 jobs lost
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NewsSainsbury’s adds Patisserie Valerie cakes to 250 bakery counters
The selection consists of Patisserie Valerie’s 14 top-selling products
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NewsCity snapshot: 2 Sisters owner Boparan raises £475m to bolster turnaround
2 Sisters owner Boparan has raised £475m of new corporate bonds to refinance existing debt and provide a platform to accelerate its turnaround plans. Plus all the rest of the latest news from the City.
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NewsMedia Bites 27 Nov: Black Friday, Hospitality industry, Britvic
Black Friday is expected to smash online sales records this year as struggling retailers slash prices in a desperate attempt to drum up trade
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NewsZero-calorie startup Skinny Tonic smashes £1m crowdfund target in 24 hours
The massive overfund will allow the brand, which debuted this year after soft-launching in 2019, to triple production and embark on a massive expansion
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NewsCity snapshot: Britvic confident in recovery after sales and profits plummet in lockdown
Brtivic’s boss has pledged to be at the forefront of the recovery in a soft drinks category slammed by the coronavirus pandemic after revenues and profits slumped at the group. Plus, PZ Cussons appoints a new CFO.
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NewsMedia Bites 26 Nov: Spending review, Living wage, Eat Out to Help Out
The papers respond this morning to chancellor Rishi Sunak’s spending review
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NewsBeer52 explores investment options as lockdown business booms
Craft beer club Beer52 is seeking to tap investors for millions of pounds in funding after lockdown restrictions fuelled soaring demand this year.