All articles by Elena Cherubini – Page 2
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NewsCity Snapshot: Chancellor mulls new coronavirus measures as EU relaxes state aid rules
The Treasury is looking into making accessing coronavirus support loans easier for businesses
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NewsSuffolk ice cream maker celebrates 100th anniversary after £250k coronavirus loan
Family-run ice cream maker Criterion Ices has been able to celebrate its 100th anniversary after securing a £250k loan to help it navigate the coronavirus disruption
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NewsHiggidy back in profit after stake sale to Samworth Brothers
Higgidy’s pre-tax profits came in at £42k, compared with a £180k loss the prior year
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NewsCity snapshot: June retail sales show modest recovery to highest level since February
June retail sales achieved their best result since February, despite dropping by more than 14%
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NewsMedia Bites 2 Jul: UK supermarkets, Covid-19 recovery committee, job losses
UK supermarkets will miss out on “super profits” as the costs of the coronavirus pandemic hit high, Tesco’s chairman is set to lead a Covid-19 recovery committee and the high street suffers hard day for job losses
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NewsLosses mount at scotch whisky producer Loch Lomond Distillers
For the 12 months to September 2019, the Loch Lomond Single Malt and Glen Scotia producer generated losses of £17.1m compared with £10.1m a year ago
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NewsCity snapshot: Sainsbury’s sales jump but coronavirus profit hit to exceed £500m
Sainsbury’s has reported a double digit grocery sales increase in the first quarter of the year, but warned it expects a profit hit of more than £500m from the coronavirus crisis. Plus, SSP Group plans to cut 5,000 jobs, B&M continues strong COVID trading and all the rest of the latest news from the City.
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NewsGood Club hits £600k crowdfunding target to roll out closed-loop packaging system
The business will use the funds for a quicker rollout of its closed-loop system, after having successfully held trials last year across 30 SKUs
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NewsMedia Bites 30 Jun: UK agriculture, Government borrowing, Waitrose
The UK creates an independent commission to advise on post-Brexit agriculture trade policy, UK borrowing rises by further £50bn and Waitrose opens third London warehouse ahead of Ocado partnership end
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NewsAlkaline water brand Actiph sees sales and exports soar in Covid health boost
The London-based startup reported revenues up 1,000% on Amazon, 800% on Ocado and 300% in smaller online retailers
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Analysis & FeaturesThe food and drink funding challenge: how suppliers are raising cash and doing deals in the pandemic
Whether to survive, or to continue with existing plans, many suppliers have needed funding in the crisis. With investors spooked, how have they fared?
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Analysis & FeaturesGuide for SMEs: How to nail your CBILS application in eight steps
We spoke to Atom bank to provide a step-by-step guide to nail your CBILS application
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NewsCity snapshot: Distil sees annual sales and profits rise ahead of coronavirus pandemic
The owner of premium drink brands - such as Blackwoods Gin and Vodka, RedLeg Spiced Rum and Blavod Black Vodka - saw sales up 2% to £2.4m in the year ended 31 March 2020
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NewsCallaly smashes first crowdfunding campaign to drive international expansion
During the coronavirus pandemic Callaly has reported ‘positive growth’, with new UK subscribers rising over 160% between March and May
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NewsMedia Bites 26 Jun: Rent payments, Pret a Manger, Intu
Retailers pay less than 15% of the rents owed, Pret warns it is in the “eye of the storm” and shopping centre owner Intu is likely to call in administrators
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NewsMedia Bites 25 Jun: Tariffs, John Lewis, Waitrose
Trump reignites trade war with Europe, John Lewis names Coop Pippa Wicks as new boss and Waitorse chief Bailey warnes on lower food standards
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NewsMoy Park expects to recover ‘good portion’ of coronavirus financial impact
The business implemented a ‘broad range of actions’ to mitigate the effect of the virus and expects its results to ‘not be significantly impacted’
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NewsMedia Bites 24 June: Rent payments, Grocery sales, Amazon/Deliveroo
Landlords are bracing to receive around 20% of the quarterly rents they are owed, convenience stores win lockdown sales and the CMA is set to clear Amazon’s acquisition of Deliveroo
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NewsCity snapshot: Grocery sales boosted by online and convenience
British take-home grocery sales surged by 18.9% over the past four weeks as shopper habits remained “a world away” from usual expectations
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NewsMedia Bites 23 June: Sunday Trading, hospitality, ‘health halo’
Boris Johnson abandons plans to relax Sunday trading rules after facing a potential backbench rebellion, the hospitality sector lashes out at the latest “bonkers” reopening proposal and “health halo” products such as ginger and turmeric see a boost