Finance news – Page 219
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NewsSpecialist food and drink stores see 40% sales hike in April
Online spending for eating and drinking – which includes takeaways – also saw growth of 24.6%
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NewsVegan protein powder brand Neat Nutrition turns to the crowd
The 2015-established company hit Crowdcube last week looking to raise a minimum of £125k
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NewsMorrisons to launch ‘speedy shopper’ system for food-to-go customers
Morrisons reported a 5.7% rise in group like-for-like sales in its latest quarter
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NewsSainsbury’s appoints Weed and Kapilashrami as non-exec directors
Keith Weed and Tanuj Kapilashrami join on 1 July to replace outgoing board members Matt Brittin and Jean Tomlin
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NewsMedia Bites 12 May: Furlough scheme, Petrol prices, UK spending
Furloughed workers could be allowed back part time under new measures to be announced by the chancellor, petrol prices drop to four-year low and Britons splash on food and alcohol during lockdown
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NewsCity snapshot: Morrisons retail sales surge under coronavirus lockdown
Morrisons has reported a 5.7% jump in first quarter like for like sales, excluding fuel, as its grocery sales surged under the coronavirus lockdown conditions.
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NewsRetail rents likely to factor in turnover after crisis, say landlords
Four out of five landlords said the pandemic would change the terms on which retail property was occupied
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NewsCapVest adds Irish pork producer M&M Walshe to Karro and Young’s
Private equity investor CapVest has acquired Irish pork producer M&M Walshe for its Eight Fifty Food Group vehicle, which already houses Karro and Young’s Seafood.
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NewsCoronavirus: SMEs fear end to furlough scheme will lead to redundancies
Emma Loisel, co-founder and chair at Volcano Coffee Works, wrote an open letter to Chancellor Rishi Sunak this week urging a change in the rules of the furlough scheme
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NewsRetailers and landlords warn of business collapse without rent support
The British Retail Consortium and British Property Federation have renewed their appeal for the government to pay some of the rent due in lockdown
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NewsCity snapshot: Retail footfall suffers sharpest drop ever as shops shut
Last months figures showed the number of visits to shops plunged 80%, almost double the 41.3% reduction experienced in March
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NewsMedia Bites 11 May: Morrisons, Supermarket shares, Retail footfall
Morrisons is expanding the same-day grocery delivery service it runs with Amazon to dozens of new stores by the end of this month.
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NewsTayto Group posts sales and profits rise
Snacks producer Tayto Group saw a double-digit jump in sales last year and is continuing to see “high demand” during the coronavirus crisis.
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NewsFullgreen raises £175k to bolster balance sheet for ‘difficult months ahead’
Fast-growing alternative rice producer Fullgreen has tapped investors for a further £175k to help it ride out the “difficult months ahead”.
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NewsOcado shares surge despite capacity constraints
Ocado may have had to turn away willing customers and shut down its website as it struggled to cope with a wave of demand during the coronavirus crisis, but its share price still hit new record highs this week.
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NewsCoronavirus demand for frozen foods boosts Nomad sales
Birds Eye owner Nomad Foods has posted a 10.5% jump in first quarter sales due to “unprecedented” demand for frozen food driven by the coronavirus outbreak.
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NewsAB InBev’s April sales volumes slump by a third
A sharp downturn in March saw sales volumes at the world’s largest brewer AB InBev drop by 9.3% in the first three months of 2020, with sales down further in April
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NewsCoronavirus will lead to increase in opportunistic M&A, predicts PwC report
Research conducted by accounting firm PwC highlighted the chance for “attractively priced M&A opportunities” to arise in the next 12 to 18 months, as some challenger brands will be unable to continue trading on their own
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NewsCity snapshot: Coca Cola HBC reports “difficult” March and April trading
Coca-Cola HBC has had “difficult” March and April, as sales in the out-of-home channel were slashed by a nationwide lockdown imposed on most of its territories
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NewsMedia Bites 7 May: Ocado, Business rates, Beyond Meat
Shareholders gave Ocado a “bloody nose” in a revolt against boardroom excess after chief executive Tim Steiner landed a £59m payday.