All Finance articles – Page 259
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Media Bites 16 Jan: Greggs/Just Eat, Tesco, Asda
Greggs picks Just Eat for UK-wide delivery service, Tesco’s Thai asset sale under threat from regulatory bodies and Asda prepared to roll-out a “sustainable” store.
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Greggs struggles to meet demand for vegan steak bake
Greggs has launched a ‘Locate a bake’ website where customers can find the nearest store stocking the item
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Lakes Distillery to fast-track growth plans after latest multimillion-pound backing
The Cumbria-based distiller issued £4.3m of new equity to investment firm Comhar Capital to support ‘ambitious’ stock build growth and capital expenditure
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SimplyCook secures ‘top up’ £2m investment to drive growth
The fast-growing recipe kit supplier has raised £9m in funding since launching in 2014
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Holland & Barrett Christmas sales surge amid ongoing transformation programme
Sales rose 4.8% over the Christmas period, while online transactions were up 22% as the retailer’s digital transformation programme continues
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Beales victim of business rates overcharging, claims Colliers
Many struggling retailers have paid more than they should, the property agency said
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Greggs partners with Just Eat for nationwide delivery service
The partnership follows a trial in London, Newcastle and Glasgow
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Richard Pennycook takes chairman role at 2 Sisters owner Boparan
The former Co-op CEO takes over as non-exec chairman of Boparan Group from Lord Allen of Kensington
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Media Bites 15 Jan: Lakes Distillery, 2 Sisters, McBride
An English whisky distillery has raised new funding of £4.25m to finance ambitious plans to triple production capacity to 1.2m bottles a year.
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Global food and drink M&A activity ‘broke records’ in 2019
The number of global food and drink transactions in 2019 totalled 789 deals, up by 12 on the year before
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Cranswick pens charcuterie deal with major Spanish pork producer
Costa Foods will provide the meat processor’s Continental Foods arm with Spanish charcuterie products
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‘Overconfident’ Cook sees decline in profits despite sales increase
The frozen food retailer has suffered its first EBITDA decline in a decade
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City snapshot: McBride issues profits warning on UK weakness
Private label household goods manufacturer McBride has issued another profits warning on weaker than expected trading in the UK.
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Media Bites 14 Jan: UK economy, Asda, Greggs
The economy shrank unexpectedly in November as election uncertainty delivered a blow to output.
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Bay’s Kitchen secures six-figure investment to fund IBS-friendly range
The startup, producing stir-in sauces aimed at people suffering from irritable bowel syndrome (IBS), will use the funds to launch new products into its range
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Spar wholesaler sees Christmas sales soar
“Customers are making more shopping trips to convenience stores and this has boosted our performance”
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Men earning 6.5% more at Asda as pay gap declines
Asda said the pay gap was a reduction of 1.1% compared with 2018 and 10.8% lower than the national average
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Midcounties Co-op reports 3% hike in Christmas food sales
The member-owned society saw its busiest ever Christmas Eve
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City snapshot: Retail footfall slumps over Christmas
Footfall across UK retail destinations fell 2.5% over the Christmas period, with Black Friday and Boxing Day sales events failing to drive customers to the UK’s shops.
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Media Bites 13 Jan: John Lewis, Just Eat, Asda
John Lewis could face pressure to sell off parts of its vast property estate following a downturn in its fortunes. Plus, Takeaway.com wins battle for Just Eat and Asda plans 2,800 job cuts.