Finance news – Page 224
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NewsCity snapshot: Industry welcomes potential new financial aid for startups
Food and drink industry experts have welcomed reports of a potential new equity-based rescue package for startups, but warned such a scheme was unlikely to be a silver bullet to solve the current funding crisis. Plus, ABF confirms eligibility to access funding under the Covid Corporate Financing Facility and all the rest of the latest news from the City.
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NewsMedia Bites 17 April: Carluccio’s, Government lending, Food price inflation
Supermarket chain Tesco and 2 Sisters owner Boparan are among those that have expressed an interest in Carluccio’s sites
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NewsCoronavirus: Plant-based startup THIS sees supermarket sales double amid lockdown
This was despite many vegan and plant-based items being left on shelves
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NewsAldi launches online delivery service for food parcels
From tomorrow (17 April), shoppers will be able to order food parcels on Aldi’s website for home delivery
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NewsSeasonal workers flown in from Romania to pick UK crops
The Times reported this week that 180 farm workers were due to fly from Bucharest to London Stansted
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NewsMash Direct launches platform for food jobs in Northern Ireland
The County Down-based business received more than 1,000 applications for 30 roles
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NewsGousto secures £33m fresh cash injection from investors including Joe Wicks
It brings the total sum raised by the brand since its inception to more than £130m.
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NewsMedia Bites 16 April: Startups, Retail sales, furlough scheme
The government might be close to unveil a new rescue package for startups, retail sales plunge to the lowest recorded figure and companies worry the will have to front pay in furlough scheme
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NewsCity snapshot: UK retail sales plummet as coronavirus crisis unfolds
UK retail sales have plunged sharply in March as the coronavirus crisis and resulting nationwide lockdown led to the worst drop on record. Plus, PZ Cussons warns of “significant” coronavirus impact as crisis boosts soap and hand wash sales but hits beauty division and all the rest of the latest news from the City.
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NewsMeat wholesaler enters administration as coronavirus crisis bites
The coronavirus crisis proved the nail in the coffin for beleaguered Star Meats
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NewsHeinz insists DTC food service ‘won’t impact’ wholesale and c-store customers
The timing of the move has upset many of its wholesaler customers who are struggling to receive enough stock
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NewsIceland increasing online capacity 250% with Food Warehouse rollout
Some Food Warehouse branches have the seen their online operations grow by as much as 500% in days
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NewsCoronavirus: Molson Coors scales down UK operations and cuts range
The brewer said it was prioritising “its most in-demand and popular lines” amid the crisis
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NewsBritish Premium Sausage Co saves business with supermarket listings
The West Yorkshire foodservice supplier has won space in Asda and Tesco
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NewsMedia Bites 15 April: IMF, Small businesses, Coffee
The IMF warns of deep financial crisis, UK small businesses struggle to access support and coffee beans prices rise as consumers stockpile
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NewsCity snapshot: Carr’s Group reports ‘resilient performance’ with no material coronavirus impact
Agriculture and engineering group Carr’s (CARR) has reported a ‘resilient performance’ in the first half of its financial year and reassured the market the current coronavirus crisis has not had a material impact on its trading.
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NewsOrnua enjoys strong 2019 but warns of coronavirus impact on business
Ornua said the coronavirus crisis would negatively impact its business and ’severely impact market sentiment’
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NewsGrowing challenger brands face stock wipe-outs and cashflow shortages
Startups experiencing strong sale increases due to the coronavirus outbreak have warned stock levels risk dropping because they were ‘unprepared’ for such sudden growth
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NewsAldi and Morrisons call end to all buying restrictions
Waitrose also removed the majority of temporary buying restrictions at the weekend
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NewsCo-op’s Steve Murrells to donate salary for new members’ coronavirus fund
The fund will support food banks, funerals and frontline community causes