All Finance articles – Page 219
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News
Mission Ventures fund backs Jim Jams with £200k investment
Mission Ventures’ Good Food Fund has backed spreads start-up Jim Jams with a £200,000 investment to help scale the business.
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News
CleanCo raises glass to £7m investment as nolo category booms
It takes the total investment secured by the company founded by Made in Chelsea star Spencer Matthews to £9.1m since it launched in 2019.
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City snapshot: Deliveroo valuation surges to $7bn as it eyes IPO
Food delivery service Deliveroo has raised more than $180m (£133m) from its existing backers as it prepares for a potential stock market flotation.
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Media Bites: Salad shortage, Deliveroo, Supreme IPO
Spanish snow storm could lead to UK salad shortage and Deliveroo raises cash as it prepares for a stock market listing
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News
White Rabbit targets £300k from crowd to back range increase
The crowdfunding push, which follows a surge in demand during Veganuary, is set to go live on the Seedrs platform on 20 January
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City unconvinced by Tesco’s Christmas numbers as Booker struggles
The UK’s largest supermarket group announced like-for-like sales growth of 6.7% for the 13 weeks to 28 November 2020
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News
Supermarket prices rise as Covid and Brexit reignite inflation
Supermarket price inflation escalated to its highest level for five months in December as coronavirus restrictions and the UK’s imminent exit from the EU reversed deflationary trends in grocery.
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News
Tyrrells and Popchips acquisitions boost top line at KP Snacks
The addition of Tyrrells and Popchips to KP Snacks’ portfolio of brands has helped boost sales by more than 25%
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News
Hain Celestial sells Orchard House juice business to private equity firm Elaghmore
Hain Celestial has sold its Orchard House own label juice business to private equity firm Elaghmore as it continues to simplify its European portfolio.
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News
Midcounties Co-op reports spike in Christmas sales as it boosts local sourcing
The sales of the retailer’s enhanced seasonal range rose by 60% on a like-for-like basis
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Analysis & Features
What are the tariffs causing disruption to UK products?
Businesses are grappling to maintain ‘continuity of supply’ to Ireland as exports are hit with new tariffs. What can be done?
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News
City snapshot: Supermarket prices return to inflation amid new lockdowns and Brexit
Supermarket price inflation escalated to its highest level for five months in December as coronavirus restrictions and the UK’s imminent exit from the EU reversed deflationary trends in grocery.
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Media Bites 15 Jan: Tesco, ABF/Primark, Scottish seafood
A boom in online grocery shopping delivered £1bn of extra sales for Tesco over the holiday period as the supermarket group toasted a record Christmas
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News
Barilla snaps up DTC Pasta Evangelists
Italian food giant Barilla has snapped up direct-to-consumer business Pasta Evangelists to tap into booming e-commerce demand in the UK during the coronavirus pandemic.
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City Snapshot: Tesco posts Christmas sales growth of 8.1% as Covid costs mount
Tesco has reported a “strong” sales performance in its third quarter and Christmas period, although new coronavirus restrictions have added a further £85m to existing Covid costs. Plus, trading updates from ABF, Bakkavor, Hilton Food Group, Finsbury Food Group and Science in Sport
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Media Bites 14 January: Brexit, Lidl, Just Eat, Unilever
The UK government is proposing to fast-track empty supermarket food lorries returning to Europe to restock, as concerns mount in Whitehall that post-Brexit port disruption threatened supermarket supply shortages.
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News
Fast grocery delivery app Weezy plots expansion after $20m fundraise
UK-based fast grocery delivery app Weezy is planning to roll out its services across London and further afield after raising $20m (£14.7m) in growth funds.
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News
Booths reports strong Christmas with like-for-like sales up 12%
There were strong sales of smaller turkey lines, up 23%, while turkey crown sales rose 38%
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News
Record year for food and drink on Seedrs
During the year, 58 food and drink campaigns hit their Seedrs funding targets, a 29% increase on 2019, raising £45m, which represented a 121% rise on the prior period.
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Media Bites 13 Jan: Northern Ireland food supplies, The Hut Group, Carrefour
The UK’s major supermarkets have warned the government that an ‘urgent intervention’ is needed to prevent further disruption to NI food supplies