All articles by Alec Mattinson – Page 96
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Comment & OpinionFurlough scheme extension only delays day of reckoning for jobs
This gradual shift of the burden back on to business is going to be the acid test for the state of the jobs market and economy
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NewsGovernment agrees plan to underwrite trade credit insurance
The move is designed to keep supply chains moving during the coronavirus crisis
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NewsMedia Bites 13 May: Morrisons, Sainsbury’s, UK Retail
Online deliveries boost Morrisons’ first quarter sales, Sainsbury’s hand out almost £2m in bonus shares and Britain’s retailers warn of mounting risk of shop closures and job losses.
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NewsCity snapshot: Morrisons retail sales surge under coronavirus lockdown
Morrisons has reported a 5.7% jump in first quarter like for like sales, excluding fuel, as its grocery sales surged under the coronavirus lockdown conditions.
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NewsCapVest adds Irish pork producer M&M Walshe to Karro and Young’s
Private equity investor CapVest has acquired Irish pork producer M&M Walshe for its Eight Fifty Food Group vehicle, which already houses Karro and Young’s Seafood.
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NewsMedia Bites 11 May: Morrisons, Supermarket shares, Retail footfall
Morrisons is expanding the same-day grocery delivery service it runs with Amazon to dozens of new stores by the end of this month.
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NewsTayto Group posts sales and profits rise
Snacks producer Tayto Group saw a double-digit jump in sales last year and is continuing to see “high demand” during the coronavirus crisis.
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NewsFullgreen raises £175k to bolster balance sheet for ‘difficult months ahead’
Fast-growing alternative rice producer Fullgreen has tapped investors for a further £175k to help it ride out the “difficult months ahead”.
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NewsOcado shares surge despite capacity constraints
Ocado may have had to turn away willing customers and shut down its website as it struggled to cope with a wave of demand during the coronavirus crisis, but its share price still hit new record highs this week.
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NewsCoronavirus demand for frozen foods boosts Nomad sales
Birds Eye owner Nomad Foods has posted a 10.5% jump in first quarter sales due to “unprecedented” demand for frozen food driven by the coronavirus outbreak.
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NewsAB InBev’s April sales volumes slump by a third
A sharp downturn in March saw sales volumes at the world’s largest brewer AB InBev drop by 9.3% in the first three months of 2020, with sales down further in April
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NewsMedia Bites 7 May: Ocado, Business rates, Beyond Meat
Shareholders gave Ocado a “bloody nose” in a revolt against boardroom excess after chief executive Tim Steiner landed a £59m payday.
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NewsCity snapshot: Ocado sales surge 40% during coronavirus lockdown
Ocado’s retail sales have surged by more than 40% in the coronavirus lockdown period after ramping up capacity during the crisis. Plus, McColl’s CFO quites for Holland & Barrett role and all the rest of the latest news from the City.
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NewsHelloFresh sales soar under coronavirus lockdowns
Global meal-kit supplier Hello Fresh has recorded a surge of sales in the first three months of 2020, further boosted by the coronavirus lockdowns in many of its key markets over recent weeks.
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NewsMedia Bites 4 May: Business confidence, Government aid, McDonald’s
Business leaders have suffered a record drop in confidence during the pandemic and fear the economic recovery will be slow.
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NewsSainsbury’s not yet ‘in the money’ despite coronavirus sales uplift
Mike Coupe’s final results as Sainsbury’s boss firmly dispelled any notion the supermarket is finally “in the money” as a result of the coronavirus-induced grocery sales surge.
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NewsMedia Bites 1 May: Sainsbury’s, Amazon, Reckitt Benckiser
Sainsbury’s boss Mike Coupe has warned that long queues could be here to stay for months as the grocer said it expects profits to take a £500m hit from coronavirus.
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NewsCity snapshot: Sainsbury’s defers dividend amid £500m coronavirus hit
Sainsbury’s has deferred its final dividend amid the “significant impact” of the coronavirus outbreak on its business, which it expects to generate £500m of extra costs. Plus, on a busy morning, updates from Reckitt Benckiser, Carlsberg, M&S, C&C Group and British American Tobacco.
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NewsMedia Bites 29 Apr: Waitrose/John Lewis, M&S, Grocery market share
Dame Sharon White, head of the John Lewis Partnership, is poised to announce that ex Sainsbury’s exec James Bailey will be Waitrose’s next leader.
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NewsTesco’s coronavirus sales growth outstrips discounters as convenience sales soar
The UK’s largest supermarket Tesco grew sales at a faster rate than the German discounters in April, while convenience sales continue to boom