All The Grocer articles in 31 October 2020 – Page 8
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News
City Snapshot: Profits slump at Greencore but demand for food-to-go returning
Profits have slumped 40% at Greencore as the coronavirus crisis pushed up costs and saw revenues nosedive, but food-to-go demand started to return in the fourth quarter. And Italian food group Newlat Food has proposed an acquisition of bread maker Hovis.
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Media Bites 5 Oct: Asda, Waitrose/Ocado, Hovis
The papers this weekend have plenty of reactions to Asda being “back in British hands” after the £6.8bn deal was announced on Friday.
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@Pizza raises £1m to launch restaurants and drive-thrus
The business will use the funding to fit out shipping containers to replicate its two bricks & mortar restaurants in Birmingham and Edinburgh
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FDF report reveals effect of pandemic on food & drink exports
Year-on-year exports fell by 13.8% to £9.7bn in the first half of 2020
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Grenade sales surge past £50m on 37% annual growth
Sports nutrition player Grenade continued its stellar sales growth last year, although profits fell back a fifth as it invested in growth.
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Vevolution to set up investment platform for plant-based startups
An investment platform bringing together plant-based entrepreneurs and angel investors will launch next month, with a £100k investment prize for startups in the space.
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Category Report
The perfect storm: winter remedies category report 2020
Over-the-counter drug stocks were hit hard by Covid. What’s being done to ensure they’re not wiped out by the second wave?
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News
City snapshot: UK food and drink exports fall for first time since 2015
Food and drink exports have fallen for the first time since 2015 as a result of coronavirus disruption, an FDF report has shown.
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Media Bites 2 October: Ocado, Tesco, PepsiCo
Ocado’s strategy of selling its grocery knowhow worldwide is under threat after a Norwegian rival claimed it has copied its technology and infringed its patents
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Comment and Opinion
Iceland’s plastic footprint call highlights worryingly inconsistent reporting in retail
Iceland was right to call on businesses to publish their plastic footprints. But the issue here is one of consistency, rather than transparency
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News
City snapshot: Britvic sells three French bottling facilities to Refresco
Britvic has confirmed this morning it has completed the sale of its juice assets in France to European bottling giant Refresco.
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News
Retail industry leaders demand committee inquiry into violence against shopworkers
Industry bodies are calling for action to tackle the tens of thousands of acts of violence against shopworkers every year
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Compass Group performance improves as customers reopen
Catering giant Compass Group’s performance improved towards the end of its financial year, but organic revenues remain down 36% in its fourth quarter.
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City Snapshot: Shop prices continue to fall as food inflation eases
Shop prices fell by 1.6% in September as retailers cut prices to encourage spending and food price inflation continues to ease. Plus, trading at Compass Group improves as establishments reopen and all the rest of the latest news from the City.
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News
Media Bites 30 Sep: Asda, Greggs, B&M
The investors hoping to gain control of Asda are being called on to guarantee the jobs of its 147,000 staff
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News
City snapshot: Greggs to cut jobs as sales remain well below pre-coronavirus levels
Greggs has confirmed it will cut staff numbers as its level of custom will remain “below normal for the foreseeable future” as sales remain well down year-on-year. Plus, Hotel Chocolat falls to annual loss, B&M’s sales surge continues and all the rest of the latest news from the City.