All Finance articles – Page 257
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NewsMedia Bites 21 May: M&S, ATM tax ruling, Ecommerce
Marks & Spencer profits dropped to hit a three-decade low at £403m and while the retailer vowed “never the same again” many wonder if it will be able to weather the storm
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NewsCity snapshot: Tate & Lyle posts rise in annual sales and profits
Annual sales and profits rose at sucralose and ingredients supplier Tate & Lyle last year as it continues to trade strongly through the coronavirus crisis, albeit with a more mixed April. Plus, Hilton Food Group issues positive trading statement, Pets at Home warns on first half profits despite annual sales and profits jump and all the rest of the latest news from the City.
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NewsSupreme Court rules in favour of supermarkets over cash machine business rates
The ruling means ATMs both inside and outside stores should not be assessed for additional business rates on top of normal store rates
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NewsMedia Bites 20 May: M&S, Facebook Shops, Greencore, Asda
Facebook launches Shops function and Greencore sales drop as customers eat more at home
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NewsCity snapshot: M&S profits slump despite food ‘outperformance’
Strong sales and profit growth in Marks & Spencer’s food business was not enough to turn around the group’s falling profits as weaker clothing and home sales hit its bottom line.
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Comment & OpinionYet another boost for Amazon as Aldi finally gets online
Amazon is now involved in the operations of Morrisons, Co-op, M&S, Aldi and Sainsbury’s
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NewsAsda reports 3.5% first-quarter sales growth as coronavirus drives stockpiling
CEO Roger Burnley said despite the initial boom in sales, consumer sentiment was now being dominated by fears of a financial depression
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NewsCider brand Cranes launches crowdfunding campaign to boost marketing
The 2012-established cider brand has already exceeded its target, raising over £120k from 323 investors
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NewsCity snapshot: Greencore food-to-go volumes drop 70% as coronavirus pandemic escalates
Weekly demand for Greencore’s food-to-go categories declined by up to 70% as the coronavirus pandemic escalated in the UK
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NewsMedia Bites 19 May: Aldi, Stock Markets, Casual Dining
Aldi has started selling bread and other essentials through Deliveroo, global stock markets surged on hopes for a vaccine and easing of lockdown measures across Europe while casual dining chains Bella Italia, Las Iguanas and Café Rouge risks collapsing
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NewsCoronavirus crunch pushes raft of FTSE retailers to profit warnings
FTSE retailers issued 38 profit warnings in the first three months of the year, exceeding the 32 recorded in the sector for the whole of 2019
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NewsManchester Union Brewery turns to the crowd to fund retail expansion
The company aims to raise a total of £80k to “fast-track its transition from keg to can” and distribute its lager into retailers
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NewsCity snapshot: Lockdown wipes almost all April footfall
UK streets were left silent in April under the government-imposed lockdown to prevent the spread of coronavirus
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NewsMedia Bites 18 May: JAB, Brexit deal, M&S
JAB Holdings hopes to raise around €2bn from the Amsterdam listing of its JDE Peet’s coffee business, Brexit agreements come to a standstill over fishing policy and M&S prepares to announce results on Wednesday
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NewsMorrisons share buoyed by lockdown durability
The Bradford-based grocer reported a 5.7% jump in first quarter like-for-like sales excluding fuel, as its retail sales su…
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NewsSupermarket price inflation spikes under lockdown as retailers halt deals
The Grocer Price Index recorded year-on-year inflation of 2% during the first full month of the UK lockdown in April
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NewsHealthy snacking brand Bepps raises six-figure emergency investment
The 2018-established business was able to raise between £100k and £200k from 4 existing investors
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NewsSymington’s dips into the red after exit of licensed brands
Symington’s plunged back into the red last year, as the planned exit of its Ainsley Harriott and Golden Wonder brands hit the company’s financial performance
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NewsCity snapshot: Supermarket price inflation spikes as retailers halt deals
The Grocer Price Index recorded year-on-year inflation of 2% during the first full month of the UK lockdown in April. That’s up from 0.4% in March
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NewsMedia Bites 15 May: WH Smith, Sainsbury’s, Food Price Inflation
The closure of major transport hub stores caused sales at WH Smith’s travel arm to collapse by more than 90% in April