Archive of all news articles – Page 310
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JJ Foodservice launches Pay by Bank feature to reduce exposure to high transaction fees
JJ said it was working with payment provider, Ecospend, to provide the solution and would pass savings on to customers through promotions
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City Snapshot: Price hikes boost Cranswick sales but profits slip on cost recovery delays
Meat and poultry specialist Cranswick has posted a double-digit rise in first half sales on strong pricing, but profits were dented by the lag in recovering soaring inflation
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Media Bites 22 November: CBI conference, eggs, food production, fuel, Waitrose, Compass Group
The papers cover the speeches of John Lewis boss Sharon White and PM Rishi Sunak at the annual Confederation of British Industry conference.
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Waitrose speeds up stores’ switch to heat pumps to tackle rising energy costs
It currently has five heat pumps installed, and a further 10 planned for installation next year
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Sainsbury’s rolls out in-app payment feature to SmartShop
Payments made through the SmartShop app receive a digital proof of purchase which can be “shared with a Sainsbury’s colleague in store as needed”
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CBD One raises crowd cash to bolster food and drink presence
Wellness brand CBD One has hit a £225k crowdfunding target as it expands its presence in the food and drink market.
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Business rates revaluation: retailers ‘the biggest winners’
In some areas, including Oxford Street in London, shops’ rateable values have fallen by as much as 30%, said Colliers head of business rates John Webber
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Meat industry welcomes Defra move to postpone export checks
New rules requiring paper vet-signed attestations confirming regular farm visits on EU meat exports have been delayed for a year
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War on plastic: campaigners slam government for ‘year of inaction’
A petition organised by City to Sea and 38 Degrees saw over 118,000 sign up to demand action on banning plastic cutlery
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Mister Free’d secures funding as it lands B Corp certification
Gluten-free snack maker Mister Free’d has landed a six-figure funding package and secured B Corp certification.
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Real Good Food secures £2.5m to support turnaround
Embattled Real Good Food has secured additional funding to support its ongoing turnaround efforts. Investors greeted the news positively, sending shares soaring 62% to 1.7p today.
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Moy Park launches World Cup-themed ‘Scan to Score’ promotion
The push will be on breaded chicken products at participating retailers, including Ocado, Asda and Sainsbury’s
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Iceland founder Malcolm Walker rebuffs takeover suitors
Opportunistic investors are reported to have bought the supermarket’s debt for as little as 67p in the pound earlier this year, in a strategy that can prelude a debt-for-equity swap and takeover if borrowing becomes unaffordable
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Nestlé wraps Quality Street chocolates in different colours due to foil shortage
The Green Triangle has been wrapped in gold packaging, while Orange Crunch has been packaged in dark bronze foil in a limited run of cartons, tubs and pouches
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Supply chain & logistics operators warn of potential food shortages over rising fuel costs
Trade body Logistics UK said that, if introduced, the fuel duty hike would be a “body blow to the logistics industry”
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Leon to embark on major expansion with 100 new kiosks in Asda stores
Leon said under the expansion plans it will also open four new sites at its EG convenience stores in forecourts before Christmas
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Home Bargains director Joe Morris steps down
Joe Morris served as the retailer’s operations director for 20 years before becoming its director of innovation early in 2021
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City snapshot: Compass Group accelerates ahead of pre-pandemic trading
Profits have soared at catering giant Compass as annual revenues surpassed pre-Covid levels and the business completed its recovery from the pandemic. Plus, Real Good Food secures new funding to supoort turnaround; and
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Superdrug launches third-party marketplace with 300 brands
The new markeplace doubles the number of products available on Superdrug.com from today
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Media Bites 21 Nov: Iceland, Lottery, UK Retail sales
The founder of Iceland has reasserted his intention to retain control of the frozen foods retailer after rebuffing takeover interest from several suitors since the onset of the pandemic