Finance news – Page 214
-
NewsEustice and Truss move to reassure MPs over US chlorinated chicken
It follows reports the UK was ready to accept US imports of lower-standard food under a proposed ‘dual tariff’ regime
-
NewsAldi confirms immediate supplier payment terms will continue until at least September
The discounter said no end date had been set for the emergency terms and they could last beyond September
-
NewsCity snapshot: BAT lowers guidance despite ‘resilient’ lockdown performance
British American Tobacco has reported a resilient performance despite the effects of the coronavirus outbreak, with “strong” trading in developed markets
-
NewsMedia Bites 9 June: Retail sales, Tesco, Iceland
Hopes for an economic rebound have been lifted by signs that the collapse in retail sales may be short-lived
-
NewsCo-op’s Steve Murrells uses AGM to call for increased co-operation
Co-op CEO Steve Murrells has called for co-operation to become “business as usual” to build a stronger and fairer society as the UK emerges from the coronavirus lockdown.
-
NewsVeganuary co-founder Matthew Glover launches vegan investment fund
Vegan entrepreneur Veganuary co-founder Matthew Glover has launched launch of a not-for-profit investment venture to help fund growth companies in the plant-based food space.
-
NewsIceland founder Malcolm Walker and CEO Tarsem Dhaliwal take full ownership of chain
The pair have bought investment firm Brait’s shareholding in the business through a newly established company that they wholly own
-
NewsCity snapshot: Investigation into Tesco accounting scandal ends
The Financial Reporting Council has announced the closure of its investigation into Tesco’s accountancy scandal, putting an end to a six-year-long investigation
-
NewsMedia Bites 8 June: Sunday trading, Government loans, Supermarket exec pay
Sunday trading laws could be suspended for a year in a move the government hopes will stimulate the economy
-
NewsFood and drink firms tap Bank of England for £1.9bn in coronavirus loans
Compass Group, John Lewis, M&S, Greggs and Brakes Bros are among the firms to raise cash from the Bank of England’s Covid Corporate Financing Facility
-
NewsAdelie Foods rescue deal scuppered by competition concerns
The Grocer understands listed food-to-go giant Greencore had agreed a deal to take on Adelie as a going concern
-
NewsNew chlorinated chicken proposals still pose threat to UK sector: BPC
The government is reportedly proposing tariffs on food made to lower standards as part of free-trade negotiations with the US
-
NewsNorthern Irish business demands six-month delay to Brexit border checks
Indsutry leaders complain of a lack of details and government engagement
-
NewsConcerns for Typhoo’s future as it reports continued huge losses
Typhoo Tea has reported mounting losses in a “watershed” year for the business, raising doubts on the historic tea brand’s ability to continue trading
-
NewsMedia Bites Jun 5: Chlorinated chicken, Consumer spending, BoE
The UK leaves the door open to imports of chlorinated chicken, consumer spending remains muted despite lockdown easing and big firms tap the BoE for £16.2bn
-
NewsProfits rise at Fullers Foods as it maintains supply through coronavirus crisis
Frozen specialist Fullers Foods has remained “fully operational” during the coronavirus crisis as it posted a jump in full-year profits.
-
NewsCity snapshot: Greencore rescue package for Adelie scuppered by competition concerns
Competition concerns scuppered a rescue deal for the UK’s third-largest sandwich maker Adelie Foods resulting in its collapse and the loss of almost 2,200 jobs.
-
NewsHike in demand prompts Pure Pet Food to increase production
The brand has taken on a new 14,000 sq ft manufacturing facility in Cleckheaton, Yorkshire
-
NewsCoronavirus deals heavy blow to English and Welsh winemakers
Two-thirds of English and Welsh wine makers are battling cashflow concerns as a result of the coronavirus crisis
-
NewsCity snapshot: Fever-Tree reports off-trade sales surge amid wider lockdown hit
Fever-Tree has experienced a jump in off-trade sales during the coronavirus shutdown, but has warned the closure of bars and restaurants across its key markets will have a “material impact” on full-year trading