Finance news – Page 230
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NewsContactless limit rises to £45 to help reduce coronavirus spread
The limit is set to rise from the current £30 on 1 April
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News‘Accidental stockpilers’ driving shelf shortages, research shows
Empty shelves in supermarkets are a result of shoppers making more trips
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NewsCoronavirus: Hotel Chocolat to close all stores and switch to online
Co-founder and CEO Angus Thirlwell said he took the decision to keep staff and customers safe during the ongoing pandemic
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NewsCoronavirus: Greggs to close its stores tomorrow as weekly sales plunge 9.9%
Food to go chain Greggs has announced it will close its entire shop estate by the close of business on Tuesday 24 March in response to the coronavirus crisis
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NewsGlobal food retail shares could benefit from coronavirus demand surge
Analysts have suggested the global grocery sector could be set to benefit from the rapid escalation of demand driven by the pandemic
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NewsCoronavirus: Food & drink SMEs struggle to access emergency government aid
Startups are worried they could miss out on emergency support from the Treasury due to loopholes and lack of communication
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NewsSkinny Tonic closes £1.8m crowdfunding campaign
The brand has agreed two “major” listings, which have been delayed due to Covid-19
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NewsSupermarket demand will increase under lockdown, says retail analyst
Although bulk buying would tail off as shoppers filled their cupboards, tighter measures, such as the restaurant closures …
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NewsAs Nature Intended falls to loss ahead of Planet Organic sale
As Nature Intended slipped into the red last year ahead of its acquisition by Planet Organic, announced last week
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NewsCoronavirus: Tesco gives workers 10% pay rise
Tesco said the rise is backdated to Monday 9 March
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NewsCity Snapshot: Soft drinks suppliers warn of coronavirus impact
Soft drink makers AG Barr and Britvic has warned that the coronavirus has severely impacted their out of home sales, while Coca-Cola European Partners has scrapped its share buyback programme because of the virus. Plus, John Lewis and Primark shut their stores and all the rest of the latest news from the City.
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NewsMedia Bites 23 March: Coronavirus/Supermarkets/Retail
Panic buying sent sales soaring by more than 50% at supermarkets last week as shoppers spooked by the coronavirus rushed out to stockpile.
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NewsCoronavirus: stop panic buying, urges government
It comes after environment secretary George Eustice met with supermarket bosses today
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NewsOcado seeking redeployed staff from businesses impacted by Covid-19
The online supermarket is inviting businesses impacted by the outbreak to send any temporarily unneeded staff its way
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NewsSeafood businesses close as coronavirus hits exports
Falling demand and air freight cancellations are proving disastrous for British fisherman
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NewsVegan boom propels Huel to top of the Alantra Food & Beverage Fast 50
The explosive growth of direct to consumer ‘complete meal’ brand Huel has propelled the brand to the top of Alantra’s Fast 50 list of rapidly expanding food and drink players.
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NewsAldi, Asda and Lidl on hunt for 16,000 workers to help keep shelves stocked
The three are the latest supermarkets to create thousands of new jobs as panic buying shoppers continue to strip shelves
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NewsBlockhead raises over £800k to fund NPD and retail expansion
The startup was able to close the funding round despite investor uncertainty due to the coronavirus outbreak
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NewsSupermarkets allowed to pool data and staff as competition rules relaxed
Retailers will be able to share data with each other on stock levels, co-operate to keep shops open, or share distribution
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NewsCoronavirus: Crowdfunding platform Seedrs insists investor interest will remain strong
Seedrs reassured its community it was operating “business as usual” and will continue to support companies looking to raise investment