Finance news – Page 200
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NewsCity snapshot: Pret a Manger to cut 2,800 jobs amid coronavirus sales slump
Pret a Manger is to cut more than a third of its workforce in a bid to survive
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NewsDealmakers prepare for post-lockdown boom in food M&A
A boom in food and drink M&A is expected to get underway in September as the UK emerges from the coronavirus lockdown
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NewsOcado boosts stake in vertical farming specialist Jones Food Co
Ocado has upped its stake in vertical farming specialist Jones Food Company to help support the building of more farms next year.
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NewsMedia Bites 28 Aug: The Hut Group, Pret A Manger, Walmart/TikTok
The Hut Group confirmed plans to raise £920m at a valuation of £4.5bn in what would be London’s biggest listing this year
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NewsMedia Bites 27 August: Bread prices, Eat Out to Help Out, Delivery Hero
Shoppers face paying more for a loaf of bread amid predictions of the worst wheat harvest for 40 years
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NewsCity snapshot: Ocado CFO Duncan Tatton-Brown to step down
Ocado CFO Duncan Tatton-Brown will step down from his role in November after eight years in the job. Plus, The Hut Group announces £4.5bn IPO, Delivery Hero makes $270m acquisition and all the rest of the latest news from the City.
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NewsCity snapshot: Hain Celestial sales and profits rise but shares drop amid sober outlook
Ella’s Kitchen owner Hain Celestial grew fourth quarter sales and reversed last year’s operating loss as it continues to simplify its portfolio.
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NewsMedia Bites 26 Aug: Retail jobs, Eat Out to Help Out, Co-op Bank
Retail jobs are being cut at the fastest pace in a decade as the government starts to withdraw its job retention scheme (The Times £). Retail job cuts surged to their worst level for more than a decade in August as M&S joined a slew of crisis-hit ...
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NewsRescue planned for kids’ frozen brand Kiddyum following liquidation
Emergency rescue talks are taking place to secure the future of the frozen food brand
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NewsMedia Bites 25 August: Tesco, John Lewis, Wetherspoons
The boom in doorstep grocery deliveries means Tesco is to create 16,000 permanent jobs
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NewsCity snapshot: UK food and drink recovers ahead of global Covid recovery trend
The UK’s food and beverage sector was ahead of international Covid-19 recovery trends in July, according to a newly launched Lloyds Bank UK Recovery Tracker
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NewsCity snapshot: Ultimate Products returns furlough money as profits hold firm
Consumer goods group Ultimate Products has repaid all the money received during the pandemic under the government’s furlough scheme
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NewsMedia Bites 24 Aug: Asda, Ocado, John Lewis
Private equity giant Apollo is lining up £3.75bn of debt to fund its proposed acquisition of a stake in Asda, which would be secured against the supermarket’s stores
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NewsCity News: Cranswick shares hit all-time high on soaring first-quarter sales
Meat producer Cranswick surged to an all-time high this week, but the shares eased back downwards through the week as worries surfaced around its ability to maintain this stellar growth
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NewsPetfood and coffee pods drive sales and profits at Nestlé UK
Surging growth in pet food and Nespresso helped Nestlé’s UK sales rise last year, despite a slump in the bottled water market
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NewsOffblak tea start-up brewing US launch with new funding
London tea start-up Offblak has completed a six-figure funding round to break into the US market.
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NewsCity snapshot: UK retail sales rise back above pre-pandemic levels
UK retail sales rose back above the levels seen before the coronavirus pandemic in July as consumer demand continues to rebound, according to official government figures
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NewsMedia Bites 21 Aug: Asda, Ocado/M&S, UK supermarkets
Two retail heavyweights will clash head-on in a £6.5bn battle to buy supermarket chain Asda
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NewsMedia Bites 20 August: Marstons/Carlsberg UK, Morrisons/Amazon, Diageo
The Competition and Markets Authority has begun an investigation into the proposed joint venture between brewers Marston’s and Carlsberg UK
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NewsCity snapshot: Mothercare to relaunch in the UK with Boots
Baby and child retail brand Mothercare has announced it has signed off on a ten year deal to sell its goods through Boots UK following the closure of its own UK store estate.