Finance news – Page 203
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NewsNomad Foods on the acquisition trail as frozen sales soar in wake of coronavirus
Reported revenues jumped 11.4% to €599m (£541m) in the second quarter of 202
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NewsSamworth Brothers picks up Urban Eat sandwich brand from collapsed Adelie
The brand was sold to Samworth for £6.4m, following Adelie appointing Deloitte as administrator on 26 May
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NewsMedia Bites 7 August: Diageo, Hammerson, M&S/Ocado
Diageo has locked horns with LVMH, the world’s biggest luxury goods firm, over an unpaid dividend
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NewsCity snapshot: Footfall slowly returning to Britain’s shops and centres
Shoppers are slowly making their way back to the high street as pubs, cafes and restaurants reopen
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NewsLockdown inflation falls back as grocers head for a price war
The lockdown-driven spike in supermarket inflation dramatically fell back in July as the major grocers fired the first shots of a post-Covid price war.
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NewsLucozade Ribena Suntory shifts to its drink-later portfolio to offset Covid-19 trading hit
The dramatic collapse in footfall on the high street depressed demand for impulse soft drink purchases with consumers stuck at home
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NewsApp-based supermarket Weezy launches with 15-minute delivery promise
The operation sources groceries from a handful of wholesalers as well independent bakers and butchers
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NewsMedia Bites 6 August: M&S/Ocado, WH Smith, Morrisons
Marks & Spencer is undertaking a huge operation aimed at hanging on to Ocado customers when it replaces Waitrose as the online grocery company’s supplier next month.
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NewsCity snapshot: Out of home closures hit first half trading at Coca-Cola European Partners
Great Britain Coke bottler Coca-Cola European Partners has reported a 26% revenue slump in second quarter as the closures of food to go outlets hit trading across Europe. Plus , McColl’s falls to first half loss, trading updates from Naked Wines and Hammerson and all the rest of the news from the City.
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NewsWH Smith to cut up to 1,500 jobs after coronavirus sales slump
The group said the costs associated with its restructure will be in the region of £15m-£19m
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NewsUK revives no-deal Brexit plans for border delays
The plan allows thousands of lorries to park up on motorways across Kent in the event of tailbacks
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NewsProfits lose fizz at Coke bottler Coca-Cola HBC during lockdown
Profits went flat at Coca-Cola HBC as the world went into lockdown, but the fizzy drink bottler reported “encouraging” signs as markets reopened.
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NewsMedia Bites 5 Aug: Brexit/Northern Ireland, Pizza Express, Deliveroo/Amazon
Extra paperwork required by Brexit will raise UK supermarkets’ cost of operating in Northern Ireland so much that some may pull out, a trade group warned.
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NewsCMA clears Amazon’s 16% investment in Deliveroo
The long-running decision saga has seen the authority flip-flop between allowing the deal to proceed and halting it
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NewsGovernment urged to give clarity over business rates to save jobs
Clarity is needed over whether the business rates holiday for retail and hospitality will continue beyond April 2021, say property experts
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NewsLockdown and writedowns halve Diageo’s annual profits
Annual profits at global spirits giant Diageo have almost halved amid write-downs of £1.4bn and an 8.4% slump in sales due to closure of pubs and restaurant, the cancellation of sporting events and a plunge in travel retail.
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NewsMedia Bites 4 Aug: Eat Out To Help Out, Heineken, Hammerson
British high streets received a boost from the launch of the government-backed discount dining scheme on Monday
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NewsWaitrose digital chief Ben Stimson confirms departure
Stimson has been with the company for a decade and moved into his current role in May 2019
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NewsWaitrose rolls out drive-through collection service
Some locations also offer John Lewis click & collect and return services
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NewsHeineken profits plunge as UK pub network closes
Profits at Heineken have fallen off a cliff as the brewer’s high exposure to the pub trade in the UK led to lower volumes and higher costs during the coronavirus lockdown.