Finance news – Page 204
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NewsMedia Bites 3 Aug: Amazon, John Lewis/Waitrose, Byron Burger
Amazon has struck deals to open more than 10 Amazon Go convenience stores and is holding talks on about another 20
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NewsOC&C Global 50 shows the fmcg giants in good health
The world’s 50 biggest fmcg companies continued their resurgence before lockdown hit, posting their highest levels of organic growth since 2015
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NewsCracker Drinks Co uses Future Fund to help surge past funding target
Craft soft drink business Cracker Drinks Co has smashed its £250k crowdfunding target within six hours of launching, thanks to help from the government’s coronavirus SME growth scheme.
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NewsLily’s Kitchen revenues near £40m amid exports surge
Premium petfood brand Lily’s Kitchen saw revenues jump to near £40m ahead of its acquisition by Nestlé on soaring export sales and strong growth in its home market.
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NewsInsect-based petfood maker Aardvark smashing fundraising target
A startup producer of insect protein petfood has smashed its launch fundraising target as it prepares to make its first products.
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NewsAt-home demand helps Quorn offset foodservice shutdown
A spike in demand from supermarket shoppers has helped meat-free brand Quorn offset a collapse in its foodservice business throughout the Covid-19 crisis.
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NewsCity snapshot: Lockdown hits first half performance at Kerry Group
Revenues and profits were hit at Kerry Group in the first half of the year as the global closure of foodservice businesses hit its business in the second quarter. Plus, half year results from AB InBev, Pets at Home sales slow and all the rest of the latest news from the City.
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NewsMedia Bites 31 July: John Lewis Partnership, Amazon, Nestlé
Turning unwanted John Lewis and Waitrose shops into homes, launching a gardening business and striking new partnerships are some of the ideas to save the retail group
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NewsBooze industry warns over the cost of calorie labelling
Industry reaction was fiercely divided when the government’s plans were unveiled this week
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NewsWaitrose could close stores in John Lewis digital-first strategy move
Chairman Sharon White updated staff on the strategic plans today
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NewsUncertainty over trade and labour threatens UK fruit & veg supply
Grower bodies have warned the lack of clarity on post-Brexit trading and labour provision could lead to price rises and shortages
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NewsMajestic Wine to open new stores following lockdown customer surge
The retailer has unveiled plans for two new shops in Henley and Beckenham
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NewsCity snapshot: Lockdown stockpiling boosts Nestlé’s first half sales
Panic buying in March has helped Nestlé to a stronger-than-expected start to the year as consumers turned to trusted brands during the coronavirus outbreak. Plus, on the busy morning, updates from AB InBev, Danone, Compass Group, Casino and all the rest of the latest news from the City.
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NewsMedia Bites 30 July: Pizza Hut, Majestic Wine, Aldi
Pizza Hut has become the latest restaurant chain to put a financial restructuring on the menu by hiring advisers to explore the possibility of an insolvency agreement that could entail significant job losses
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NewsMondelez buoyed by home market as coronavirus hits sales
Strong demand in its North American home markets offset declines in emerging markets and Europe
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NewsWales-based foodservice supplier falls into administration
A foodservice supplier to the likes of Domino’s Pizza, Wagamama, Mitchells & Butlers and P&O Ferries has collapsed following the UK-wide shutdown of the hospitality industry during the Covid-19 outbreak.
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NewsTyson Foods enters UK & European market with foodservice focus
The $40bn US meat giant said it is also eyeing up opportunities in the retail sphere
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NewsAldi on course to have created 4,000 jobs in 2020
The discounter said today it remained on track to hits its target of 1,200 stores by 2025, up from around 890, despite the pandemic
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NewsMedia Bites 29 July: National Food Strategy report, Reckitt, Greggs, Amazon Fresh
UK ministers should spend an additional £1bn a year on the “nutritional safety net” to combat obesity and hunger
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NewsCity snapshot: Premier Foods sales surge 22.5% in first quarter
Premier Foods has posted a 22.5% surge in first quarter sales driven by consumers flocking to its brands during the coronavirus lockdown period. Plus, food inflation holds steady at 1.5% and all the rest of the latest news from the City.