Finance news – Page 217
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NewsUK businesses take £30bn in financial aid since pandemic start
UK companies have claimed £30bn of lifeline cash from shareholders since mid-March, issuing equity and debt in an attempt to survive the pandemic
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NewsMedia Bites 26 May: Retail reopening, Marston’s/Carlsberg, Boparan/Carluccio’s
High street shops, department stores and shopping centres are set to reopen on June 15 in the biggest easing of the lockdown since coronavirus hit Britain, PM Boris Johnson has announced.
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NewsChef seeks crowdfunded cash to launch nutritionally complete instant noodle brand
London chef Carl Clarke has launched a kickstarter campaign to fund the creation of Future Noodles, a nutritionally complete instant noodle brand.
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NewsBoparan seals deal to buy Carluccio’s from administration and save 800 jobs
Boparan Restaurant Group, the casual dining arm of 2 Sisters owner Boparan, has agreed a deal to rescue Italian chain Carluccio’s from administration and safeguard 800 jobs.
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NewsCarlsberg UK and Marston’s agree to £780m merger of brewing arms
Carlsberg UK and Marston’s will merge their brewing arms to create a new joint venture in the UK
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NewsGreencore to reopen Atherstone food-to-go manufacturing site
CEO Patrick Coveney told The Grocer the convenience food manufacturer was preparing for a “volume comeback” in its food-to-go business
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NewsCity snapshot: Retail sales drop again to record low
UK retail sales have yet again broken another record in April, dropping almost 20% in value throughout the month.
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NewsCoronavirus: Healthy snacking brands report record bulk sales levels
Bulk sales have partly offset the loss of all foodservice business and the marked reduction experienced in impulse snacking sales
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NewsMedia Bites 22 May: Mars/JAB, Pets at Home, Amazon/Deliveroo
Mars has sued JAB Holdings over allegations that a former executive handed the Pret a Manger owner stolen business secrets.
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NewsImmigration Bill ‘insulting to Britain’s food heroes’ says British Poultry Council
The BPC hit out at the Bill for continuing to label those now seen as ‘key workers in food… as low-skilled
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NewsFruit prices soaring as pandemic puts more pressure on supplies
Increased retail demand, strained logistics and labour concerns have all pushed up prices
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NewsMedia Bites 21 May: M&S, ATM tax ruling, Ecommerce
Marks & Spencer profits dropped to hit a three-decade low at £403m and while the retailer vowed “never the same again” many wonder if it will be able to weather the storm
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NewsCity snapshot: Tate & Lyle posts rise in annual sales and profits
Annual sales and profits rose at sucralose and ingredients supplier Tate & Lyle last year as it continues to trade strongly through the coronavirus crisis, albeit with a more mixed April. Plus, Hilton Food Group issues positive trading statement, Pets at Home warns on first half profits despite annual sales and profits jump and all the rest of the latest news from the City.
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NewsSupreme Court rules in favour of supermarkets over cash machine business rates
The ruling means ATMs both inside and outside stores should not be assessed for additional business rates on top of normal store rates
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NewsMedia Bites 20 May: M&S, Facebook Shops, Greencore, Asda
Facebook launches Shops function and Greencore sales drop as customers eat more at home
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NewsCity snapshot: M&S profits slump despite food ‘outperformance’
Strong sales and profit growth in Marks & Spencer’s food business was not enough to turn around the group’s falling profits as weaker clothing and home sales hit its bottom line.
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NewsAsda reports 3.5% first-quarter sales growth as coronavirus drives stockpiling
CEO Roger Burnley said despite the initial boom in sales, consumer sentiment was now being dominated by fears of a financial depression
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NewsCider brand Cranes launches crowdfunding campaign to boost marketing
The 2012-established cider brand has already exceeded its target, raising over £120k from 323 investors
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NewsCity snapshot: Greencore food-to-go volumes drop 70% as coronavirus pandemic escalates
Weekly demand for Greencore’s food-to-go categories declined by up to 70% as the coronavirus pandemic escalated in the UK
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NewsMedia Bites 19 May: Aldi, Stock Markets, Casual Dining
Aldi has started selling bread and other essentials through Deliveroo, global stock markets surged on hopes for a vaccine and easing of lockdown measures across Europe while casual dining chains Bella Italia, Las Iguanas and Café Rouge risks collapsing