All Finance articles – Page 207
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News
Furlough and redundancies spark food ‘lockdown-preneur’ boom
The new business boom comes after UK unemployment rose to a record high of 5.1% in December
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News
Media Bites 7 April: Deliveroo, Retail/pub re-openings, UK economic growth
UK Deliveroo riders are expected to strike over pay and conditions as unconditional trading commences in the company’s shares
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City snapshot: Retailers celebrate sweet Easter as shoppers stock up on chocolate
Shoppers treated themselves as lockdown restriction began to ease in the run up to Easter, spending £439m on chocolate and sweets over the last month, according to the latest data from NielsenIQ. Plus, the increase in home cooking boosts Hilton Food Group in 2020.
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News
UK-based CBD group Tenacious Labs launches with US acquisition
A UK-based global CBD group has launched today with the acquisition of a US direct-to-consumer operator and the promise of more acquisitions to come
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News
City Snapshot: UK retail sector loses almost 190,000 jobs during coronavirus outbreak
News of almost 190,000 UK retail job losses since first lockdown comes as Prime Minister Boris Johnson confirmed yesterday that non-essential shops will re-open on 12 April
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Media Bites 6 April: Iceland, pork, Easter eggs, Deliveroo
The boss of Iceland has called for a digital sales tax to help to support the recovery of the high street and has stepped up the retailer’s defence of its decision to keep hold of business rates relief.
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News
City News: Deliveroo IPO falls flat as share price plunges
Deliveroo may have been London’s largest IPO in almost a decade, but the float also proved to be one of the market’s least well received.
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Analysis & Features
Why Big Chocolate is snapping up healthier snacking brands like Grenade, Kind and Eat Natural
Mondelez is the latest chocolate giant to acquire a healthy snack bar brand, paying £200m for Grenade. Who’s bought what and why?
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News
City Snapshot: COVID drives double-digit quarterly sales slump at Boots
The coronavirus outbreak has continued to hit sales at high street pharmacy retailers Boots as growing online and pharmacy revenues have failed to mitigate a dramatic drop in footfall.
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News
Media Bites 1 April: Deliveroo, Parsley Box, Boots
The papers dive in to the ‘car crash’ London debut of Deliveroo and examine why shares fell by more than a quarter at the food delivery firm.
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News
The Cookaway cooks up £700k crowdfunding round for expansion
The business, which launched in 2020, has so far raised £656k in the campaign on Seedrs.
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News
White Peak Distillery drinks to £900k crowdfunding round
Derbyshire whisky producer White Peak Distillery has comfortably beaten its £500,000 crowdfunding target as it aims to build the premium brand in the UK and overseas.
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Media Bites 31 March: Deliveroo, Grocery sales, Tobacco
The flotation of Deliveroo on Wednesday will value the company at £7.6bn after concerns over workers’ rights and volatile stock markets chipped more than £1bn off the top-end valuation
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News
Deliveroo valued at £7.6bn but shares flop in London debut
Shares in Deliveroo crashed as much as 30% this morning as it made its long-awaited debut on the LSE
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News
Better Nature raises £1.6m for mainstream push of tempeh range
Better Nature hit a £1.35m target on the Seedrs platform within three hours of a private launch
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News
Gü Puds £150m auction nears end as suitors circle
The sale by owner Noble Foods has attracted strong interest, with the bidders taken through to the final round of the process expected to pay upwards of £150m for the premium dessert maker, The Grocer has learned.
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News
Gorillas and Getir achieve ‘unicorn status’ following funding rounds
Both rapid delivery services have launched in London this year
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News
City snapshot: Grocery sales fall in March as industry laps 2020 lockdown
Grocery sales growth fell back in March as the industry lapped last year’s record-breaking spending during the first coronavirus lockdown,
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Media Bites 30 March: Deliveroo, Wetherspoon, High Street
Deliveroo has set the final price for its initial public offering at £3.90 a share, the bottom of its initial range and valuing the food delivery company at £1.3bn less than the top end of its original expectations.
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News
Nomad expands frozen empire with Fortenova acquisition
Nomad Foods has agreed to acquire Fortenova’s Central and Eastern European-focused frozen food business for a total of €615m