All Finance articles – Page 247
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Comment & OpinionAs sales rocket, what next for free-from food and drink?
It could be time for free-from alternatives to be ranged alongside their mainstream counterparts
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NewsFrozen food sales remain high as freezer filling trend sticks
Value sales of frozen food in the 12 weeks to 14 June surged 19.4%, on volumes up 17.5% – a whopping £285m increase
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NewsTesco responds to ‘speculation’ around Aldi ‘price war’
Despite concerns about the short time frame for the ‘tough negotiations’, Groceries Code Adjudicator Christine Tacon says she’s received no complaints
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NewsPoundland revenues flat as rivals open in former Poundworld sites
Like-for-like growth had been driven by Pep&Co, while the positive impact of Poundworld’s demise had been offset by competitors opening in the chain’s former sites, according to newly filed accounts
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Comment & OpinionTesco: why our push for low prices isn’t anti brand
Tesco chief product officer Andrew Yaxley addresses the speculation about its price changes
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NewsMedia Bites 9 July: Mini budget, Uber Eats/Asda, Kbox
Sunak unveils £30bn economic package in the Summer “Mini Budget”, Uber Eats teams up with Adsa for grocery deliveries and Deliveroo backer Hoxton Venutures invests in Kbox
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NewsCity snapshot: C&C Group names Heineken UK boss David Forde as CEO
C&C Group has appointed Heineken UK MD David Forde as group CEO, joining in 2021.
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NewsPlant-based meat startup This readies £2m crowdfunding push
The startup will use the funds to open a plant-based innovation centre in London
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NewsAsda partners with Uber Eats for 30-minute grocery delivery
The trial, which launches this week, gives customers a choice of more than 300 Asda own-brand products
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NewsOcado relaunches shopping app after pulling it in March due to soaring demand
Ocado had been forced to turn away new customers and pull the mobile app due to “performance issues”
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NewsCity snapshot: Distil revenues rise 21% since April on strong retail sales
The premium drinks brands owner now expects revenues for the first half up by 75% to 85%
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NewsMedia Bites 8 July: Mini budget, Government loans, Retail footfall
Rishi Sunak will deliver his mini budget today in what the Treasury is calling the Summer Economic Update, with a focus on jobs, youth unemployment and a possible temporary cut to VAT.
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Comment & OpinionAs stores hang in the balance, what has gone wrong for Poundstretcher?
Only a year ago Poundstretcher was on an expansion drive. But did it go too fast?
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NewsJoanna Allen steps in as new CEO of Graze
Allen has taken over from Anthony Fletcher, who spent nine years leading the business
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NewsUK footfall recovery remains sluggish despite lockdown easing
UK footfall recovered slightly in the third week of shops reopening in England and Northern Ireland, but were still down almost 50% year on year
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NewsMedia Bites 7 Jul: Pret A Manger, High Street spending, Uber
Pret A Manger mulls closing 30 stores and axing over 1,000 staff after coronavirus hit, high street spending partly rebounds as casual dining sector reopens and Chancellor Sunak is due to announce a £3bn package of green investment
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NewsCity snapshot: Uber confirms $2.65m Postmates US food delivery acquisition
Uber said Postmates is highly complementary to Uber Eats, with differentiated geographic focus areas and customer demographics
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Comment & OpinionHow long can Pret a Manger hold out while Brits still work from home?
Pret announced today it will permanently close 30 branches after suffering “significant operating losses” as a result of lockdown
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NewsGovernment urged to clamp down on unhealthy foods by new report
Where change has not happened the government must introduce mandatory requirements, according to the report
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NewsRentokil CFO Jeremy Townsend joins Morrisons as non-executive director
Townsend will step into a non-exec role with immediate effect, replacing Belinda Richards, who is leaving after five years