All Finance articles – Page 245
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News
Fears food suppliers may not be able to cope with coronavirus demand
FDF has written to environment secretary George Eustice, urging the government to prioritise the food workforce
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News
City snapshot: Ocado Retail reports sales lift amid ‘unprecedented demand’
Ocado Retail has reported double-digit sales increase in the first quarter, which was unaffected by the coronavirus outbreak
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News
Media Bites 19 March: Morrisons, Stockpiling, Ocado
As the coronavirus outbreak wrecks havoc on the grocery sector, supermarkets have implemented a number of rules to cur panic-buying and secure stock
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Comment and Opinion
Coronavirus and the City: Who’s been least and worst affected?
Global stock markets have crashed on mounting fears over the economic impact of the virus – but some share prices have plunged further than others
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News
Coronavirus: SMEs face ‘wartime’ grocery market
SMEs and startups have reported rising concern they will be faced with a ‘wartime’ grocery market, putting the survival of their businesses at risk
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News
Supermarkets introduce wave of new measures to deal with coronavirus panic buying
It comes as they try to reassure customers that there is no need to panic-buy and ensure essential supplies remain available to the most vulnerable
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News
Coronavirus: HMRC to fast-track applications for distillers to shift to hand sanitiser production
HMRC has pledged to fast-track applications for spirits producers to use tax-exempt alcohol to shift production to hand sanitisers and gels amid a national shortage
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News
Coronavirus: SMEs risk ‘falling between the cracks’ of new government measures
SMEs have urged the government to increase measures to help them survive the coronavirus outbreak
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News
Coronavirus cashflow squeeze ‘worse threat than Brexit’ for startups and SMEs
Food & drink SMEs have urged the industry to step up support measures as the coronavirus outbreak puts a squeeze on cashflow
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News
Private equity giants assembling board for £7bn Asda takeover
Three private equity funds are working with major recruitment firms to identify potential executives
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News
City snapshot: Morrisons expands online delivery and guarantees pay amid ‘unprecedented’ coronavirus challenge
Morrisons has pledged to expand its online delivery capacity and has guaranteed the pay of its staff amid what it called ”unprecedented challenges and uncertainty” around the coronavirus outbreak.
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News
Media Bites 18 March: Chancellor/Business rates, Supermarkets/Coronavirus, Compass
Rishi Sunak has announced state loan guarantees worth £330bn along with a further £20bn of financial handouts to help struggling businesses cope with the rapid spread of coronavirus, including a one-year break from business rates.
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News
Dr Will’s seeks £300k investment to fund condiments NPD
The natural condiments startup is looking for angel investors to back the brand’s growth
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News
High street retailers may be called upon to help with supermarket deliveries
Retail bosses and government have floated the idea of using the likes of Deliveroo, Just Eat, Uber Eats, Yodel, DHL and high street retailers to boost supply chain capacity
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News
Morrisons to expand delivery service in response to coronavirus outbreak
The move includes the launch of new food parcels to allow families to stock up in self-isolation
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News
Pandemic fuels record sales for delivery startup Grocemania
The company reported sales of over £9,000 on Monday, up from an average of £1,200 during a normal trading day
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News
Coronavirus: Ocado turns away new orders as online services creak under strain
Waitrose, Sainsbury’s, Tesco and Morrisons are also struggling with high demand
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News
City snapshot: Compass Group issues coronavirus-driven profits warning
Global catering giant Compass Group expects the spread of the coronavirus to hits its bottom line by up to 30% and reduce profits by £225m. Plus, The British Honey Co will use excess capacity to produce alcohol sanitisers, Bakkavor completes £455m refinancing and all the rest of the latest news from the City.
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News
Media Bites 17 March: Asda, Supermarkets/coronavirus, ABF
Asda is moving closer to a sale after attracting bids from several private equity firms that could value the company at more than £7bn.
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News
Coronavirus: most supermarkets to enact restrictions to curb panic buying
Initial curbs look set to be a four-product limit on all skus