All Finance articles – Page 253
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NewsMedia Bites 10 Jun: Hovis, Uber Eats, BAT
Hovis shareholders prepare to offload the business, Uber Eats abandons plans to own kitchens and BAT warns of profit drop following lockdown
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NewsCity snapshot: Restaurant Group to close 125 Frankie and Benny’s sites via CVA
The Restaurant Group has announced its intention to close 125 Frankie and Benny’s restaurants and seek rent reductions for a further 85 sites after instigating a company voluntary arrangement.
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NewsWest Berkshire Brewery smashes £750k crowdfunding target
The company raised over £765k from 555 investors, despite the coronavirus pandemic impact on the hospitality industry
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NewsFreaks of Nature invests £1m to scale up capacity and keep up with demand
The move comes as production volumes for the first quarter of the year jumped 100%, despite being held back by the impact of the coronavirus pandemic
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NewsBakkavor jobs at risk as supplier plans changes at Lincolnshire base
The prepared foods giant has revealed plans for major operational changes at the site, where it operates two salads factories, two meals factories and a distribution centre.
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NewsEustice and Truss move to reassure MPs over US chlorinated chicken
It follows reports the UK was ready to accept US imports of lower-standard food under a proposed ‘dual tariff’ regime
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NewsAldi confirms immediate supplier payment terms will continue until at least September
The discounter said no end date had been set for the emergency terms and they could last beyond September
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NewsCity snapshot: BAT lowers guidance despite ‘resilient’ lockdown performance
British American Tobacco has reported a resilient performance despite the effects of the coronavirus outbreak, with “strong” trading in developed markets
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NewsMedia Bites 9 June: Retail sales, Tesco, Iceland
Hopes for an economic rebound have been lifted by signs that the collapse in retail sales may be short-lived
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NewsCo-op’s Steve Murrells uses AGM to call for increased co-operation
Co-op CEO Steve Murrells has called for co-operation to become “business as usual” to build a stronger and fairer society as the UK emerges from the coronavirus lockdown.
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NewsVeganuary co-founder Matthew Glover launches vegan investment fund
Vegan entrepreneur Veganuary co-founder Matthew Glover has launched launch of a not-for-profit investment venture to help fund growth companies in the plant-based food space.
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Comment & OpinionThe Sunday trading debate has resurfaced. Would relaxation really help?
Opposition to the idea is likely to be as fierce, if not more so, than ever before
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NewsIceland founder Malcolm Walker and CEO Tarsem Dhaliwal take full ownership of chain
The pair have bought investment firm Brait’s shareholding in the business through a newly established company that they wholly own
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NewsCity snapshot: Investigation into Tesco accounting scandal ends
The Financial Reporting Council has announced the closure of its investigation into Tesco’s accountancy scandal, putting an end to a six-year-long investigation
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NewsMedia Bites 8 June: Sunday trading, Government loans, Supermarket exec pay
Sunday trading laws could be suspended for a year in a move the government hopes will stimulate the economy
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NewsFood and drink firms tap Bank of England for £1.9bn in coronavirus loans
Compass Group, John Lewis, M&S, Greggs and Brakes Bros are among the firms to raise cash from the Bank of England’s Covid Corporate Financing Facility
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NewsAdelie Foods rescue deal scuppered by competition concerns
The Grocer understands listed food-to-go giant Greencore had agreed a deal to take on Adelie as a going concern
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NewsNew chlorinated chicken proposals still pose threat to UK sector: BPC
The government is reportedly proposing tariffs on food made to lower standards as part of free-trade negotiations with the US
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NewsNorthern Irish business demands six-month delay to Brexit border checks
Indsutry leaders complain of a lack of details and government engagement
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NewsConcerns for Typhoo’s future as it reports continued huge losses
Typhoo Tea has reported mounting losses in a “watershed” year for the business, raising doubts on the historic tea brand’s ability to continue trading