All Finance articles – Page 268
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NewsCoronavirus: Beef processors face profit squeeze over carcase balance
While shoppers have been stocking up on beef, they have avoided more expensive cuts of beef
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NewsCity Harvest seeks £50k extra funding amid surge in food donations
The food redistribution charity has launched a GoFundMe push to pay for significantly increased activity
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NewsNestlé Purina buys premium petfood player Lily’s Kitchen
Premium petfood brand Lily’s Kitchen has been acquired by Nestlé Purina with the aim of boosting its global growth
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NewsCity snapshot: Chapel Down sees booming retail and online wine sales but suspends brewing business
English winemaker Chapel Down has experienced “substantial” growth in supermarket, off license and online sales, but has shuttered its beer and cider brewing arm due to the closure of on-trade outlets. Plus, UK shop prices fall 0.8% in March and all the rest of the latest news from the City.
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NewsMedia Bites 1 April: Supermarkets/Coronavirus, Tobacco, Poundland
Britons made nearly 80m extra grocery shopping trips in March – spending almost £2bn more on food and drink than in 2019
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NewsSales at indie retailers surge as shoppers ditch empty supermarket shelves
Grocery sales at independent retailers and symbol groupsvhave outpaced the record growth of traditional supermarkets and discounters
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NewsImperial Brands shares surge on coronavirus resilience
Shares in FTSE 100 tobacco giant Imperial Brands closed up more than 12% on its reassurance to the market that the current coronavirus outbreak has had “no material impact” on trading.
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NewsCoronavirus demand surge supercharges grocery industry growth
The UK grocery industry experienced its strongest four-week period on record in March, with overall industry growth of more than 20% and the sales increase of established players rivalling that of the discounters
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Comment & OpinionEasing of buying restrictions points to much needed respite
The industry needs to be able to move on from dealing with panic buying
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NewsPoundland to temporarily close 100 stores
Staff are to be furloughed in the government’s job retention scheme or transfered to another store where possible
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NewsStockpiling reaches £3.2bn high in third week of March
An extra £1bn in sales saw weekly grocery spend veer close to the amount spent during the peak week of Christmas 2019
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NewsCity snapshot: Grocery sales surge to decade-long high amid coronavirus lockdown
Grocery sales have surged to the highest level in more than a decade amid the UK coronavirus lockdown, with industry growth at more than 20% in the past four weeks. Plus, Nichols warns of coronavirus impact, WH Smith and Sainsbury’s team up for NHS stores, Imperial Brands and BAT raise cash and all the rest of the latest news from the City.
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NewsMedia Bites 31 March: Online operations, M&S, Veg suppliers
Retailers fight to keep their online operations open, food retailers to benefit the most from business rates suspension and M&S offers essential boxes for £30
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NewsRestaurant chain Carluccio’s falls into administration
The Italian restaurant chain has entered administration, becoming the first major casual dining casualty of the coronavirus lockdown
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NewsCoronavirus: crisis drives £160m additional spend on supermarket booze
Off-trade alcohol sales hit £356.5m over the week to 21 March, rising from £252.5m the prior week
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NewsCoronavirus: ‘Force majeure’ will not apply for many businesses, lawyers warn
The clause has come into sharp focus as businesses seek to confirm whether they are liable for not meeting contractual obligations
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NewsIndustry leaders call for mass coronavirus testing of food sector workers
It has emerged online delivery company Ocado had privately ordered 100,000 Covid-19 testing kits for staff
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NewsCoronavirus: 2 Sisters boss makes urgent appeal for staff
Ronald Kers said several hundred permanent and temporary roles were on offer
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NewsOnline platform launched to match idle lorries with struggling food producers
The British Frozen Food Federation has launched the service to ‘fill gaps in demand in the supply chain’
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NewsCity snapshot: Greencore suspends financial guidance as coronavirus hits retail sales
The sandwich manufacturer said following the implementation of a UK-wide lockdown, it experienced a “marked reduction” in demand for its food-to-go options in retail