Finance news – Page 312
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NewsAsda reports 3.5% first-quarter sales growth as coronavirus drives stockpiling
CEO Roger Burnley said despite the initial boom in sales, consumer sentiment was now being dominated by fears of a financial depression
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![011119 Cranes Drinks [Hi]-6061](https://dmrqkbkq8el9i.cloudfront.net/Pictures/100x67/8/3/2/184832_011119cranesdrinkshi6061_271867.jpg)
NewsCider brand Cranes launches crowdfunding campaign to boost marketing
The 2012-established cider brand has already exceeded its target, raising over £120k from 323 investors
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NewsCity snapshot: Greencore food-to-go volumes drop 70% as coronavirus pandemic escalates
Weekly demand for Greencore’s food-to-go categories declined by up to 70% as the coronavirus pandemic escalated in the UK
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NewsMedia Bites 19 May: Aldi, Stock Markets, Casual Dining
Aldi has started selling bread and other essentials through Deliveroo, global stock markets surged on hopes for a vaccine and easing of lockdown measures across Europe while casual dining chains Bella Italia, Las Iguanas and Café Rouge risks collapsing
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NewsCoronavirus crunch pushes raft of FTSE retailers to profit warnings
FTSE retailers issued 38 profit warnings in the first three months of the year, exceeding the 32 recorded in the sector for the whole of 2019
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NewsManchester Union Brewery turns to the crowd to fund retail expansion
The company aims to raise a total of £80k to “fast-track its transition from keg to can” and distribute its lager into retailers
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NewsMedia Bites 18 May: JAB, Brexit deal, M&S
JAB Holdings hopes to raise around €2bn from the Amsterdam listing of its JDE Peet’s coffee business, Brexit agreements come to a standstill over fishing policy and M&S prepares to announce results on Wednesday
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NewsCity snapshot: Lockdown wipes almost all April footfall
UK streets were left silent in April under the government-imposed lockdown to prevent the spread of coronavirus
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NewsMorrisons share buoyed by lockdown durability
The Bradford-based grocer reported a 5.7% jump in first quarter like-for-like sales excluding fuel, as its retail sales su…
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NewsSupermarket price inflation spikes under lockdown as retailers halt deals
The Grocer Price Index recorded year-on-year inflation of 2% during the first full month of the UK lockdown in April
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NewsHealthy snacking brand Bepps raises six-figure emergency investment
The 2018-established business was able to raise between £100k and £200k from 4 existing investors
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NewsSymington’s dips into the red after exit of licensed brands
Symington’s plunged back into the red last year, as the planned exit of its Ainsley Harriott and Golden Wonder brands hit the company’s financial performance
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NewsCity snapshot: Supermarket price inflation spikes as retailers halt deals
The Grocer Price Index recorded year-on-year inflation of 2% during the first full month of the UK lockdown in April. That’s up from 0.4% in March
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NewsMedia Bites 15 May: WH Smith, Sainsbury’s, Food Price Inflation
The closure of major transport hub stores caused sales at WH Smith’s travel arm to collapse by more than 90% in April
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NewsChinese demand for pork creates competition for UK pig market
Chinese pork imports surged by more than 150% in March on the same month last year
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NewsFears Agriculture Bill is prioritising US deal
The government won a vote against amendments that would require food imports to abide by the same standards as British production
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NewsScheff Foods shifts business focus from foodservice to retail
Scheff said it was also open to working with other manufacturers struggling to fulfil orders for retailers
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NewsMedia Bites 14 May: Tesco, Trade Credit, Alternative Meat
Tesco executives were able to enjoy a pay boost after online supermarket Ocado was removed from a group used to calculate comparative returns.
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NewsCity snapshot: WH Smith revenues plunge 85% in global lockdown period
WH Smith has said its revenues slumped by 85% year-on-year in April amid widespread coronavirus lockdowns and a collapse in air travel as the coronavirus outbreak has a “significant” impact on its business.
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NewsCrowdcube reports activity resurgence as brands settle into ‘new normal’
The level of investment into businesses on Crowdcube reached £9.2m last month, up 58% on March