All Finance articles – Page 235
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News
Media Bites 27 April: Sainsbury’s, John Lewis Partnership, Poundstretcher
Sainsbury’s risks a backlash as its board weighs whether to approve a £247m, John Lewis mulls bringing in an outside investor to help to finance and launch a joint venture and Poundstretcher kicks off a review of its finances.
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Landlords urge government to tackle retailers ‘exploiting’ rent holidays
The government yesterday banned landlords from issuing statutory demands or winding-up orders against retailers unable to …
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News
Shipping industry bailout lacks key details, claim trade bodies
Ferry operators received a multimillion-pound support package on Friday
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Unilever sees 2020 sales growth clobbered by coronavirus
The consumer giant’s sales growth for the first three months of the year fell back to zero
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News
Premier Foods shares rise on ‘elegant’ pensions restructure and coronavirus sales boost
The Mr Kipling producer revealed the results of its year-long strategic review on Monday…
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Food & drink deal activity down 15% as coronavirus hits market
Forty-four transactions involving UK companies were recorded in the first three months of 2020, down from 52 in the same p…
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Mr Lee’s raises over £1.6m from the crowd to support US launch
The cash raised will be used to advance Mr Lee’s operations funding an upcoming nationwide US launch, the expansion of its vending business and the rollout of its latest NPD
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News
Booming food sales drive Co-op annual profits jump
The Co-op has posted a 50% hike in underlying profits, driven by strong growth in its grocery business
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Analysis and Features
Are supermarkets doing enough to keep the prices of groceries down?
Amid soaring demand, supermarkets have been careful not to increase prices, but with promos axed to stabilise supply the effect is inflationary
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News
City snapshot: Nestlé sales fall as coronavirus hits Chinese trade
Nestlé has reported a 6.2% sales drop in the first quarter of 2020, as stockpiling in the US and Europe failed to offset a slump in the Chinese market
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News
Media Bites 24 April: Unilever, Just Eat Takeaway, Pret
A slump in ice cream sales has prompted Unilever to scrap its growth targets for the year, despite the pandemic bringing people flocking to its trusted hygiene and food brands.
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News
Coronavirus measures could hike price of salad, warns Florette
The brand is facing increased transportation costs from the Continent due to the coronavirus crisis
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News
Easter chocolate sales plummet as Brits buy more meat and booze
Locked-down Brits spent £55.3m less on Easter chocolate and confectionery this year
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News
Unilever sales fall flat amid ‘unprecedented impact’ of Coronavirus outbreak
Unilever’s underlying sales growth was flat in the first quarter amid a significant hit to its emerging markets business and sales of ice cream due to the coronavirus outbreak.
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Media Bites 23 April: John Lewis, Fever-Tree, Heineken
John Lewis has furlough 14k employed as sales dropped, Unilever warned of “lasting change” in consumer behaviour and FeverTree sales held us with customers treating themselves to home drinking
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Comment and Opinion
Absenteeism panic is over, but now food producers face a PPE problem
The Health & Safety Executive is already urging food companies to ration the use of PPE
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News
Fmcg brands worry government furlough scheme delays will hit cashflow
The government has said money will take six days to reach firms, but many are sceptical
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News
Cashback app GreenJinn kicks off funding push to roll out online shop function
The coupons cashback startup is looking to raise £3m to expand its service, developing an integrated online shop function within the app
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News
Coffee supplies under strain as producing countries face coronavirus disruption
The pressures are particularly acute in South America, from where the UK imports more than half its coffee.
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News
City snapshot: FeverTree annual sales rise 10% but coronavirus impact will be ‘material’
FeverTree annual revenues surged but the company expects “material impact” from the coronavirus pandemic. Plus, Glanbia’s 2020 sales rise but it withdraws full year guidance and all the rest of the latest news from the City.