All Finance articles – Page 232
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NewsCity snapshot: Retail footfall suffers sharpest drop ever as shops shut
Last months figures showed the number of visits to shops plunged 80%, almost double the 41.3% reduction experienced in March
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NewsMedia Bites 11 May: Morrisons, Supermarket shares, Retail footfall
Morrisons is expanding the same-day grocery delivery service it runs with Amazon to dozens of new stores by the end of this month.
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NewsTayto Group posts sales and profits rise
Snacks producer Tayto Group saw a double-digit jump in sales last year and is continuing to see “high demand” during the coronavirus crisis.
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NewsFullgreen raises £175k to bolster balance sheet for ‘difficult months ahead’
Fast-growing alternative rice producer Fullgreen has tapped investors for a further £175k to help it ride out the “difficult months ahead”.
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NewsOcado shares surge despite capacity constraints
Ocado may have had to turn away willing customers and shut down its website as it struggled to cope with a wave of demand during the coronavirus crisis, but its share price still hit new record highs this week.
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NewsCoronavirus demand for frozen foods boosts Nomad sales
Birds Eye owner Nomad Foods has posted a 10.5% jump in first quarter sales due to “unprecedented” demand for frozen food driven by the coronavirus outbreak.
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NewsAB InBev’s April sales volumes slump by a third
A sharp downturn in March saw sales volumes at the world’s largest brewer AB InBev drop by 9.3% in the first three months of 2020, with sales down further in April
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NewsCoronavirus will lead to increase in opportunistic M&A, predicts PwC report
Research conducted by accounting firm PwC highlighted the chance for “attractively priced M&A opportunities” to arise in the next 12 to 18 months, as some challenger brands will be unable to continue trading on their own
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Analysis and FeaturesHow will CMA’s ‘failing firm’ ruling on Amazon-Deliveroo investment impact future deals?
The CMA has made a u-turn in its assessment of Amazon’s major investment in Deliveroo. How will its ruling impact future deals?
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NewsCity snapshot: Coca Cola HBC reports “difficult” March and April trading
Coca-Cola HBC has had “difficult” March and April, as sales in the out-of-home channel were slashed by a nationwide lockdown imposed on most of its territories
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NewsMedia Bites 7 May: Ocado, Business rates, Beyond Meat
Shareholders gave Ocado a “bloody nose” in a revolt against boardroom excess after chief executive Tim Steiner landed a £59m payday.
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NewsKingsmill still struggling despite coronavirus demand
It lost £9.6m as the Covid-19 pandemic took hold – 18.5% of its value
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NewsFormer Premier Foods boss Gavin Darby made chairman of The Felix Project
Darby will work alongside deputy chairman of The Felix Project, Justin Byam Shaw, who founded it in 2016
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NewsOcado on supplying the shielding: ‘We’ve done more than our share’
Duncan Tatton-Brown said Ocado was serving more people on the government’s shield list ‘than our proportionate share’ of the grocery market
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NewsMedia Bites 6 May: Ocado, Boots, Thai Union
Ocado shareholders urged to vote against executives pay, WBA in talks with Amerisource Bergen to sell wholesale division, tuna sales spike boosts John West maker Thai Union
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NewsCity snapshot: Ocado sales surge 40% during coronavirus lockdown
Ocado’s retail sales have surged by more than 40% in the coronavirus lockdown period after ramping up capacity during the crisis. Plus, McColl’s CFO quites for Holland & Barrett role and all the rest of the latest news from the City.
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NewsFood & drink leaders and unions praise companies offering full pay for self-isolating staff
Measures recommended include ensuring effective and regular cleaning and disinfecting of factories
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NewsWaitrose opens new CFC to double online orders in London
The six-acre site in Enfield is creating 370 jobs, building to 850 when at full capacity
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NewsFood & drink SMEs among thousands to submit Bounce Back loan applications
Companies banking with NatWest were among those struggling to secure confirmation of the loans, despite the government promising a no-fuss process
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NewsHelloFresh sales soar under coronavirus lockdowns
Global meal-kit supplier Hello Fresh has recorded a surge of sales in the first three months of 2020, further boosted by the coronavirus lockdowns in many of its key markets over recent weeks.