All Finance articles – Page 263
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News
Fmcg brands worry government furlough scheme delays will hit cashflow
The government has said money will take six days to reach firms, but many are sceptical
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News
Cashback app GreenJinn kicks off funding push to roll out online shop function
The coupons cashback startup is looking to raise £3m to expand its service, developing an integrated online shop function within the app
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Coffee supplies under strain as producing countries face coronavirus disruption
The pressures are particularly acute in South America, from where the UK imports more than half its coffee.
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City snapshot: FeverTree annual sales rise 10% but coronavirus impact will be ‘material’
FeverTree annual revenues surged but the company expects “material impact” from the coronavirus pandemic. Plus, Glanbia’s 2020 sales rise but it withdraws full year guidance and all the rest of the latest news from the City.
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News
Media Bites 22 April: John Lewis/Waitrose, Coca-Cola, ABF/Primark
The former bosses of John Lewis and Waitrose are being given payoffs of almost £1m each despite store closures and the furloughing of 14,000 staff.
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News
Tonic Health closes six-figure funding round as coronavirus boosts sales
The business experienced “incredible growth” this year as consumers started to understand the importance of the immune system
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Huel rival YFood secures multimillion investment to expand across Europe
The German-based business will use the funds to roll out its model, already profitable in Germany, Austria and Switzerland, across Europe
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News
Food suppliers fear factories could be ‘paralysed’ by face mask recommendation
Companies say a global shortage of the equipment would make it impossible for workplaces to remain open if the advice is changed
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Waitrose sees 8% sales hike as John Lewis faces slump
Chairman Sharon White is take a 20% pay cut on her £990,000 annual salary
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News
Media Bites 21 April: Premier Foods, Insurance, Shopper habits
Premier Foods sales surge amid coronavirus outbreak, insurers start protection talks with the government, IRI figures show changing shopper habits
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News
ABF takes £284m coronavirus stock writedown but grocery shows strong profit growth
Associated British Foods has posted a significant fall in first half profits as it was forced to take a £284m writedown on Primark stock, but the rest of its business continues to perform despite the pandemic. Plus, Danone shows solid Q1 growth but withdraws full year guidance and all the rest of the latest news from the City.
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Analysis & Features
What’s it like getting a government-backed loan?
Q Catering Supplies faced disaster before securing a £500k lifeline
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Analysis & Features
Guide for SMEs: How to raise funding during the coronavirus crisis
So what options are there for small brands to successfully raise money? And what are the necessary steps to take?
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News
Coronavirus: Gut health startup Bio&Me secures government loan
The brand secured funding a week within applying for it, despite widespread criticism of the scheme
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News
Coronavirus: UK government announces £1.25bn package for ‘innovative firms’
The new scheme includes a £500m investment fund made up of cash from both the government and the private sector
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News
Many retailers weeks from collapse unless government pays rents, warn industry leaders
Companies that were viable before the coronavirus outbreak will be forced to file for administration if the government doesn’t step in
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News
Coronavirus: Defra confirms further relaxation of competition laws for dairy sector
It follows lobbying by processors, farmers and industry bodies for support amid a growing crisis in the sector
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City snapshot: Premier Foods completes strategic review with pensions restructure
Premier Foods reaches “transformational” agreement with its pensions schemes, completing the strategic review announced over a year ago
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News
Media Bites 20 April: Supermarkets/clothing, Government loans, Pret
Asda is cancelling orders and reneging on full payments to clothing suppliers, despite enjoying record food sales and a taxpayer windfall
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News
City news: AB InBev slashes dividend to help tackle debt pile
The world’s largest brewer AB InBev slashed its dividend this week to help cope with the effects of the coronavirus and the pressures of its debt pile.