Finance news – Page 202
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NewsThorntons loses £35m as sales drop amid retail closures
Chocolatier Thorntons lost a further £35m last year, taking its total losses to more than £100m since being bought by Italian confectionery giant Ferrero
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NewsMedia Bites 13 August: Just Eat, M&S, Eat out to help out
The lockdown led to a boom in sales for Just Eat Takeaway.com, which attracted a record number of new restaurants and customers in the first half of the year.
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NewsCity snapshot: Carlsberg posts double-digit sales and profits drop amid lockdown closures
Carlsberg has posted an 12.6% drop in first half revenues and a double-digit fall in operating profits as the coronavirus pandemic hammered its second quarter sales.
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NewsPlant-based meat producer This smashes through fundraising target to net £3.8m
Fast growing plant-based meat alternatives player This has raised almost £3.8m of new funding following the public launch of a convertible bond offer on crowdfunding platform Seedrs.
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NewsM&S to open new DC in Milton Keynes as part of transformation programme
The 365,000 sq ft DC will increase the retailer’s ambient product capacity by up to 60%
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NewsBestway Retail announces plans to sell off 37 company-owned stores
All of the stores for sale were part of Bestway’s £7.25m acqisition of Conviviality Retail in 2018
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NewsLockdown order surge underpins Just Eat Takeaway.com global sales jump
Takeaway food delivery giant Just Eat Takeaway.com has posted a 44% jump in first half sales to over €1bn as a flurry of orders during the global lockdown periods boosted first half trading.
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NewsMedia Bites 12 August: McCain, Ben & Jerry’s, Domino’s
The UK’s £1bn potato growing sector has been hit so hard by extreme weather and coronavirus that its largest customer is stepping in with £25m of support to secure its supply chain.
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NewsSwindon Tesco Extra hit by coronavirus outbreak among staff
Tesco confirmed there had been a small number of confirmed coronavirus cases at the supermarket
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NewsRetail sales increase for second month in a row but food growth slows
Food and grocery sales have slowed down in July following exceptional growth at the height of the coronavirus outbreak as shopper behaviour returns to “normal”
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NewsMedia Bites 11 Aug: Unilever, Retail sales, Eating out
Unilever has threatened to abandon its plan to unify its headquarters in London and dump its dual share structure if a new tax that could cost it €11bn gets the green light in the Netherlands
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NewsRetailer profit warnings slow after record first quarter
Some 38 profit warnings were issued by FTSE retailers in the first quarter but only nine from April to the end of June, according to the latest data from accountancy firm EY
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NewsPaying half of unpaid rents would save government nearly £7bn in lost taxes, industry leaders claim
Factoring in the impact of unemployment in the wider economy, the cost saving to the government would be even higher, according to the research
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NewsLivia’s smashes £1m fundraising target before going public
The treats brand secured funding from over 600 investors
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NewsCity snapshot: Supermarket Income REIT snaps up Morrisons store
Supermarket Income REIT snapped up a Morrisons store in Telford for £14.3m
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NewsMedia Bites 10 August: Tate & Lyle, WH Smith, M&S/Ocado
Brexit backers Tate & Lyle are set to gain £73m from end of EU trade tariffs
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NewsCapital Cooling Refrigeration sold in pre-pack administration as Covid-19 chills business
Scotland-headquartered Capital Cooling Refrigeration was unsuccessful in its attempts to secure government support following financial difficulty caused by the pandemic
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NewsBaxters expands into chilled foods with Orexis acquisition
The Edinburgh-headquartered group completed the acquisition of Orexis Fresh Foods for an undisclosed price this month
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NewsWeetabix sales boost not enough to offset foodservice slump at owner Post
A third-quarter bump in sales was not enough to keep Post Holdings in growth
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NewsCity News: Diageo shares under pressure as results fail to meet expectations
Shares in the world’s largest spirits group Diageo came under pressure this week as its annual results undershot meagre expectations and it took £1.3bn of coronavirus-driven writedowns.