Finance news – Page 206
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NewsProper Snacks sales rise 25% amid expansion and NPD
For the year ended 29 December 2019, the company’s turnover amounted to £15.9m from £12.7m the prior year
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NewsMedia Bites 23 July: Tesco, Face masks, Lockdown treats
Tesco shop staff to be asked to scrub floors from August, face masks to be compulsory in takeaway outlets and Britons spend £800 each on lockdown treats
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NewsMedia Bites 22 July: Coca-Cola, Grocery market share, McDonald’s
Coca-Cola has suffered its steepest quarterly sales drop in at least 25 years, in stark contrast to a resilient performance from its rival PepsiCo
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NewsEuro Food Brands snaps up The Food Doctor for an undisclosed amount
The Food Doctor joins Euro Food Brands’ portfolio of international brands, including Reese’s, Barilla, Campbell’s Soup, Ainsley Harriott and Voss
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NewsCity snapshot: Nichols profits halve as coronavirus pandemic hits out of home sales
The company’s adjusted operating profits for the six months to 30 June amounted to £6.8m, a 48.9% drop on the previous year’s £13.3m
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NewsDTC detergent startup Smol secures £8m in funding
Smol will use the funding to expand its services to more households after reporting tripled interest in its products since the start of the coronavirus crisis
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NewsBusiness rates call for evidence launched as next revaluation pushed back to 2023
The new revaluation date means it will be based on rents payable in April 2021, reflecting the impact of the pandemic
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NewsCo-op report reveals convenience share growth and preference for home comforts
Co-op, the largest player in the convenience sector, achieved a market share of 7.2% during the past 12 weeks
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NewsMark White to replace Christine Tacon as Groceries Code Adjudicator
White will serve initially as Tacon’s deputy until her extended time at the helm runs out in December
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NewsMedia Bites 21 July: Walmart/Asda, Marks & Spencer, Shrinkinflation
Walmart resumes talks to sell a stake in Asda, Marks & Spencer to axe 950 jobs and Cadbury’s shrinks the size of its chocolate bars
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NewsCity snapshot: Grocery sales growth begins to slow from record highs
Take-home grocery sales rose by their highest level since 1994 over the past 12-weeks, however grocery sales growth began to slow last month as shoppers gradually return to their pre-lockdown behaviours.
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NewsPip & Nut secures seven-figure funding package to ramp up expansion plans
Pip & Nut has been growing strongly during the coronavirus pandemic, closing its best quarter ever due to a “huge surge” in sales in March
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NewsCoronavirus recovery plan launched for food & drink sector
The report is aimed at governments and policymakers in Westminster, Cardiff, Holyrood and Stormont
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NewsIceland’s losses grow despite boost to sales
Pre-tax losses for the year ending 27 March 2020 were £71.8m, up from £53.8m the previous year, according to new accounts
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NewsCity snapshot: M&S to announce hundreds of job cuts
According to Sky News, the retailer will start announcing redundancy plans within days, following other prominent high street names such as John Lewis, Boots and Debenhams
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NewsMedia Bites 20 July: Iceland, M&S, Asda
Losses at Iceland widened by a third last year even though shoppers switched to frozen foods during the pandemic
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NewsFood surplus retailer Company Shop sales rise 17% on estate expansion
During the year the company opened its first retail store in Scotland, doubled the size of its Corby store and opened its fifth Community Shop in Halton
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NewsM&S to open 83 more cafés and pass VAT cut on to customers
It means that from 22 July a flat white coffee will cost £2.36 instead of £2,70, while a sausage bun will be £3.28 instead of £3.75
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NewsFoodservice wholesalers report slow start to reopening
Sales are down 50% despite the return of pubs, cafés and restaurants
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NewsSignature Flatbreads to ramp up production on back of strong sales
A new production line was commissioned for the business in June, with another due to be installed this month.