Finance news – Page 212
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NewsMedia Bites 19 Jun: Tesco, 2 Sisters, Hop industry
Tesco sells its Polish business for £181m, 2 Sisters Welsh factory shuts due to coronavirus outbreak among staff and the hop industry risks collapsing as brewers refuse to commit
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NewsExponent launches Vibrant Foods to consolidate Asian and healthy brands
Private equity player Exponent has created a new venture to consolidate brands in the Asian and free-from markets.
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NewsCity snapshot: Tesco sells Polish business for £181m
Tesco has agreed to sell 301 Pilosh stores to Danish company Salling Group A/S for an enterprise value of £181m
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NewsMedia Bites 18 June: Card fees, UK inflation, UK/EU trade
Supermarkets are in line for a cash injection worth “billions” after winning a long-running legal battle against MasterCard and Visa over swipe fees.
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NewsHolland & Barrett slumps to multimillion loss ahead of coronavirus healthy eating boost
The business reported strong levels of trading during the coronavirus pandemic after slumping to a £25m loss the prior financial year
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NewsFine foods wholesaler Hider Foods secures £5m funding
The company will use the money to pursue its ambitious growth plans
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NewsSoft drinks brewery Fitch Brew Co secures £2.6m contract to export to the US
The healthy soft drinks startup’s annual turnover is expected to increase by 300% after securing the export deal
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NewsReport urges government support for ‘squeezed middle’ food businesses
Some companies face up to 50% of their customer base delaying payments or not paying outstanding invoices because of the crisis
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NewsMedia Bites 17 Jun: Greggs, Poundstretcher, John Lewis
Greggs to reopen 800 stores tomorrow, Poundstrecher could axe half of its estate in a rescue plan and John Lewis came under fire for a lack of diversity
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NewsDomino’s Pizza UK sales boosted by lockdown but bottom line suffers
Domino’s Pizza Group has reported a rise in first half sales, driven by “rapid” growth in its UK delivery business during the coronavirus lockdown period.
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NewsBabyfood startup Mia & Ben raises multimillion-pound investment
The London and Berlin-based business raised £2.5m from impact food investor Blue Horizon Ventures
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NewsSME owners relying on personal savings to keep businesses afloat
One in seven SME founders have had to use personal savings to provide “immediate financial support” to their business, depsite available government support
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NewsBuymie targets 15 cities as it secures €5.8m funding
The latest funding round takes Buymie’s total capital raised this year to over €8m
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NewsMedia Bites 16 Jun: Shops reopening, two metre rule, restaurants
Shoppers flocked back to the high street as shops reopened on Monday leading to fears the two metre rule will be impossible to enforce
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NewsCity snapshot: Greggs to reopen 800 shops for takeaway this week
After a successful trial, Greggs now plans a “larger scale opening of selected shops” with around 800 of them to be reopened to takeaway customers on Thursday
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NewsPerformance nutrition brand ProFoods turns to the crowd for US launch
Performance nutrition business ProFoods Group has launched a crowdfunding campaign to oversee its expansion in the US market.
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NewsSlow high street recovery and months of deadlock over rent bills predicted by agent Colliers
As non-food shops reopen, more young people will be attracted to high streets, but their spending power is limited
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NewsCity snapshot: May Footfall slumps ahead of lockdown ease
UK retail footfall in May dropped over 80%, a shallower decline than April as more shops were allowed to reopen
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NewsMedia Bites 15 June: Retail reopening, UK economy, US trade deal
High Street chains were braced this morning for the reopening of stores as they tempt shoppers back, with the City watching for signs that consumers are not afraid to head out.
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NewsPepsiCo takes stake in £70m free-from brand Rude Health
PepsiCo has invested in Rude Health in a deal valuing the free-from brand at more than £70m, it has emerged.