Finance news – Page 233
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NewsFemcare startup Flo secures seven-figure investment to expand product range
The femcare challenger brand will use the cash raised to expand its product offering into sensitive bladder support and sexual wellness
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NewsCity snapshot: WH Smith says coronavirus outbreak will cost up to £130m of sales
Shares in travel retailer WH Smith have collapsed after it warned the outbreak of the Covid-19 virus will hit its annual sales by up to £130m and its bottom line by up to £40m. Plus, markets plunge again on coronavirus spread, Carrs Group issues profits warning, C&C Group updates the market and all the rest of the latest news from the City.
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NewsMedia Bites 12 March: Budget, Morrisons, PepsiCo/Rockstar
Rishi Sunak announced the biggest budget giveaway for almost 30 years yesterday
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NewsPepsiCo agrees $3.85bn deal for energy drink maker Rockstar
The latest deal signals a move from the US soft drinks giant to step up its rivalry with Coke
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NewsEG Group buys largest KFC franchise operator in UK & Ireland
The company has also entered a binding agreement to acquire Australian healthy fast food chain Oliver’s Real Food
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NewsBudget 2020: The key takeaways for the grocery industry
The era of austerity is definitively over after Chancellor Rishi Sunak delivered a Budget full of spending commitments, but the specific measures were rather more mixed for the grocery industry
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NewsVeg producers struggle amid poor weather conditions and labour shortages
Growers struggled last year as sales were impacted by ‘extreme’ weather conditions and supply chain pressures
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NewsCity Snapshot: B&M sells German business for €12.5m
B&M Bargains owners B&M European Retail has sold its loss-making German arm Jawoll to a consortium of German investors for €12.5m (£10.9m). Plus, The Bank of England has slashed interest rates back to a historic low of just 0.25% as an emergency response to the coronavirus outbreak and all the rest of the latest news from the City.
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NewsMedia Bites 11 March: Coronavirus, Budget, Unilever
Sales of both freezers and frozen food have surged in the UK amid panic buying by Britons worried about the spread of coronavirus.
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NewsBusiness rates system means poor regions are subsidising London, claims BRC
In its latest call for radical reform in tomorrow’s Budget, the BRC said the government’s own figures showed the scale of …
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NewsCoronavirus: Ocado pleads for supplier help to cope with demand
A pleading communication from Ocado Retail CEO Mel Smith warned suppliers to expect ‘volatility in orders placed’
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NewsChancellor urged to introduce business rates relief for coronavirus-impacted retailers
Property firm Colliers wants ‘discretionary rate relief’ to be funded by the government centrally
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NewsMedia Bites 10 March: Tesco, Retail sales, Amazon
Tesco is planning to hand out £5bn to shareholders and pump £2.5bn into its pension fund after lining up the sale of its Thai and Malaysian businesses.
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NewsBetter Nature raises over £400k to take tempeh into the mainstream
The vegan startup will use the funds to accelerate NPD and for sales and marketing as it hopes to take tempeh into the mainstream
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NewsCoronavirus: government agrees to temporarily scrap delivery curfews
It said the move would help ease temporary shortages caused by panic buying
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NewsUK-based online CBD marketplace Alphagreen raises £500k
Alphagreen, Europe’s largest consumer marketplace for CBD products, will use the funds to support its expansion across European markets
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NewsAllplants closes ‘record’ £3.4m crowdfunding campaign
The plant-based DTC meal delivery company closed the UK’s largest-ever vegan crowdfunding round
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NewsNisa boosts frozen sales with expanded Co-op range
In October last year, Nisa retailers were given access to more than 70 additional frozen lines through the Co-op
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NewsCity snapshot: Tesco agrees £8bn Thai and Malaysian business sale
Tesco has agreed to sell its business Thailand and Malaysia to CP Group for an enterprise value of US$10,6bn (£8.2bn) to fund a special dividend and a £2.5bn pension contribution. Plus, global markets collapse amid oil price plunge and all the rest of the latest news from the City.
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NewsMedia Bites 9 March: Coronavirus/Supermarkets, High Street/Business rates, Pret
Major supermarkets began rationing food online on Sunday after panicked shoppers cleared shelves and experts warned of weeks of shortages.