All articles by Elena Cherubini – Page 9
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NewsCraft soft drinks startup Gunna raises over £250k to survive coronavirus crisis
The cash will be used to ‘bridge’ the business to its next round and provide working capital to deal with the coronavirus pandemic
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NewsMedia Bites 7 April: Waitrose, Government loans, White Rabbit Pizza
Waitrose reverses self-isolation policy for staff, high street banks blame the government for delays in the small businesses loan scheme and White Rabbit Pizza sees demand surge
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NewsCoronavirus: Challenger brands warn of further sales slump amid social distancing rules
Challenger brands are bracing for a further retail sales slump as social distancing rules implemented in supermarkets have focused shoppers on well-known brands
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NewsCity snapshot: WH Smith to tap investors for cash as coronavirus crisis escalates
WH Smith secured new lending facilities of up to £120m to strengthen its balance sheet during the coronavirus crisis while it prepares to raise extra cash via equity raise
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NewsSMEs welcome government loan scheme revamp but warn of unanswered issues
Food & drink SMEs have welcomed the revamp to the government emergency loan scheme, but warned there remain issues to be ironed out
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Analysis and FeaturesCan food & drink startups survive the coronavirus crisis?
SMEs are slipping through the cracks in aid packages as avenues close. What can they do?
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NewsCoronavirus: Challenger brands launch website to offset sales collapse
Andrew Allen, Snaffling Pig co-founder and Biff’s partner, started the list of small suppliers last week
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NewsMedia Bites 3 April: Morrisons, GDPR rules, High Street
Morrisons has rewarded its staff working under the extreme conditions caused by the coronavirus outbreak by trebling their bonuses.
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NewsStartups still reporting cash raises despite coronavirus
Nix & Kix, Big Drop Brewing and Different Dog are among recent success stories
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NewsCoronavirus: Young Foodies urges PM to step up support for challenger brands
Young Foodies has sent an open letter to Prime Minister Boris Johnson urging the government to increase support for challenger brands or risk losing a “vital part of the food & drink industry”
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NewsCity snapshot: Bakkavor withdraws financial guidance as coronavirus hits order levels
Bakkavor has withdrawn its financial guidance for 2020 after the coronavirus crisis impacted trading, with overall sales falling below expectations. Plus, Pets at Home profits to suffer despite stockpiling, PZ Cussons investigates former CEO 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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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
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NewsTilda returns to growth ahead of Ebro Foods sale
The rice brand reported sales of £115.9m in the year ended June 2019, a 6% increase on the prior year
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NewsSykes acquires European shrimp processor, creating €300m seafood business
Liverpool-based seafood provider Sykes Seafood has acquired European shrimp processor Klaas Puul, despite the coronavirus outbreak halting almost all M&A activity
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NewsMedia Bites 27 March: Supermarkets/coronavirus, Farmers, Wholesalers
UK supermarkets reassure they will be able to cope with increased demand, Ocado chairman Rose urges shoppers to show restraint while farmers struggle with seasonal labour access
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NewsEnergy drink startup Füd rejects Dragons’ Den cash in favour of crowdfunding raise
The company walked away from a £50k cash investment secured in the Den to raise double that amount on Seedrs
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NewsCity snapshot: Intu misses out on rents as shopping centres shut
Intu received barely 29% of rents due on its UK properties as most retailers turned down the shutters due to the coronavirus pandemic. Plus, Casino posts annual profits growth, UK retail sales slow in February and all the rest of the latest news from the City.
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NewsCoronavirus: EISA calls for tax relief threshold increase to boost investment in SMEs
The Enterprise Investment Scheme Association is urging the government to ramp up tax benefits for investors in SMEs
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Comment and OpinionTreasury measures are a positive start but more needs to be done to protect SMEs
Perhaps most concerning is that, so far, the available help only comes in the form of debt