Finance news – Page 225
-
NewsGenius Brewing nets major cash injection from former Molson Coors boss
It would use the investment to support digital marketing during its current ‘short-term pivot’ to e-commerce
-
NewsCity snapshot: Treasury to increase loans available under government-backed scheme
The Chancellor is preparing to double the amount of interest-free cash available to larger companies hammered by the effects of the coronavirus pandemic
-
NewsMedia Bites 14 April: Supermarkets/coronavirus, Government loans, Amazon
Supermarket chains suffer a sharp fall in sales over the past fortnight, government emergency aid to be retooled, Amazon on hiring spree.
-
NewsRatings agency Fitch downgrades M&S to junk status
Global ratings agency Fitch has downgraded Marks & Spencer’s long-term credit rating to junk status as the coronavirus lockdown exacerbates “historical operating weakness”
-
NewsInvestors heed WH Smith’s emergency cash call
WH Smith was forced to go cap in hand to its shareholders this week to raise emergency cash amid dire warnings over the impact coronavirus was having on current trading.
-
NewsGreggs raises £150m through coronavirus Bank of England finance scheme
Greggs has raised £150 through the government created Covid Corporate Financing Facility.
-
NewsWholesalers urge hospitality businesses to spend grants on stock bills
Frontline hospitality businesses that are eligible will begin to receive grants of up to £25,000 via their local authorities this week
-
NewsRejuvenation Water seeks crowdfunded cash after loan rejection
The healthy soft drinks startup has turned to the crowd to see the brand through the coronavirus outbreak after being denied access to a government-backed loan.
-
NewsTesco pauses online project to focus on coronavirus
Tesco has mothballed a project designed to almost double its online sales
-
NewsYoung Foodies launches e-commerce site for startups and SMEs
‘Mighty Small’ will be dedicated entirely to independent brands
-
NewsMedia Bites 9 Apr: Tesco, Morrisons/Deliveroo, AG Barr
Tesco pressed ahead with its dividend payment despite flack, Morrisons partners with Deliveroo for 30 minutes grocery delivery and AG Barr cancels dividend
-
NewsCity snapshot: Diageo suspends share buyback scheme and withdraws financial guidance
Global spirits group Diageo has suspended its £4.5bn share buyback scheme and withdrawn financial guidance for its 2020 financial year, though it will still pay an interim dividend. Elsewhere, Naked Wines and Distil see coronavirus trading boost, Supermarket Income REIT looks for cash to fund acquisitions and all the rest of the latest news from the City.
-
NewsAG Barr profits fall as it warns of coronavirus impact on 2020
Irn-Bru maker AG Barr has posted a 17.3% slump in annual pre-exceptional profits and warned of a “material” impact on trading from the coronavirus outbreak.
-
NewsNix & Kix completes six figure fundraise despite coronavirus uncertainty
The adult soft drinks brand has closed a six-figure funding round despite the coronavirus pandemic wreaking havoc in the market and slowing investment activity
-
NewsHaulage companies on the brink following collapse of foodservice
A third of all food trucks are off the road, according to a recent survey by the Road Haulage Association.
-
NewsMorrisons extends Deliveroo deal to start delivering from 130+ stores
The service will start today with a range of 70 essential household items
-
NewsSainsbury’s to ease buying restrictions on most products
Sainsbury’s will also introduce a volunteer gift card and online voucher to help those shopping for others
-
NewsCity snapshot: Tesco boss Dave Lewis warns of coronavirus costs as he defends dividend payout
Tesco boss Dave Lewis today defended plans to award a £900m dividend to shareholders, as he warned the cost of the coronavirus crisis could be as much as £1.2bn for the retailer if it drags on beyond October.
-
NewsMedia Bites 8 Apr: Supermarkets, Rationing, Tesco
Supermarkets have risen to the challenge of the coronavirus outbreak, Sainsbury’s to stop rationing as stock levels return to normal and Tesco urged by investors to pay out dividend
-
NewsDairy sector calls on government for financial support
It comes amid a growing crisis in the dairy sector, with excess milk from foodservice pushing down prices