Finance news – Page 289
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NewsYumello raises £100k growth funding from its online community
Fast-growing nut butter startup Yumello has raised £100,000 directly from its online customers in just two weeks to help fuel expansion.
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NewsCity Snapshot: Just Eat sales surge 46% in Q3 as coronavirus restrictions return
Takeaway giant Just Eat has enjoyed a 46% surge in global sales in the third quarter as the coronavirus pandemic kept consumers at home. Plus, Bakkavor CFO Pete Gates retires, Devro appoints a new CFO, Stock Spirits issues a trading update and Nestle completes its acquisition of Aimmune Therapeutics.
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NewsMedia Bites 14 Oct: Grocery market share, Amazon, Tesco
Alcohol sales at supermarkets soared in recent weeks after the Government imposed a 10pm curfew on pubs and bars
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NewsCity snapshot: Shoppers spend an extra £260m on supermarket alcohol in preparation for new lockdown
Grocery sales jumped almost 11% in September as shoppers prepared for new lockdown restrictions, with consumers spending an extra £261m. Plus, the latest figures from Nielsen, BRC-KPMG retail sales monitor and Barclaycard spending report.
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NewsMedia Bites 13 Oct: Unilever, Retail sales, Hospitality
Unilever’s UK shareholders have voted overwhelmingly in favour of plans to move the Marmite owner’s legal base to London
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NewsCity snapshot: Cake Box revenues recover after store reopenings
Cake Box has posted a strong recovery in trading following the lockdown enforced closure of its store estate, with like for like sales up by double digit excluding the closures.
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NewsMedia Bites 12 Oct: Asda, Unilever, Pork and poultry
Zuber and Mohsin Issa The new owners of Asda have set up an offshore bid vehicle that means the supermarket will be legally owned in Jersey. (The Times £) Two billionaire brothers from Blackburn have been made CBEs a week after clinching a £6.8bn deal to buy ...
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NewsTesco’s smooth transition to Ken Murphy wins analyst approval
Ken Murphy on Wednesday revealed that sales soared 6.6% in Tesco’s first half to £26.7bn
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NewsPoundland readies major push into fresh and frozen food with Fultons acquisition
Poundland has been working with Fultons for the past 12 months to grow its food range
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NewsOnly 10 to 15 forecourts at risk in Asda-EG Group deal, claim experts
The number of forecourts at risk in a CMA review of the Asda buyout by EG Group’s owners barely reaches double figures
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NewsCity snapshot: CMA clears brewing merger between Marston’s and Carlsberg
The UK competition regulator has cleared the £780m merger of Marston’s and Carlsberg’s UK brewing operations. Plus UK GDP growth slows to 2.1% in August and all the rest of the latest news in the City.
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NewsMedia Bites 9 Oct: Food standards, Tobacco, Tim Hortons
The UK government is set to reject legal measures to uphold food standards in future trade deals
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NewsCity snapshot: Imperial Brands sees consumers turn to tobacco during Covid crisis
Imperial Tobacco said it has seen stronger than expected tobacco sales volumes during the coronavirus crisis as consumers in Europe and the US have shifted spend to tobacco products.
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NewsInsect protein startup raises $372m to fund world’s largest insect farm
The new capital will fund completion of an insect farm in Amiens, France in early 2022
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NewsMedia Bites 8 October: Tesco, Ferrero/Fox’s, Greene King
There is a wealth of coverage for Tesco’s half-year results across all the papers today.
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NewsNutri-Genetix seeks £150k from the crowd to expand DNA nutrition brand
Nutri-Genetix, which claims to have developed the world’s first genetically personalised nutrition shake, has launched a crowdfunding pitch to raise £150,000.
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NewsTate & Lyle CFO Imran Nawaz becomes Ken Murphy’s first major Tesco hire
Murphy said there had been an “extensive search” to find the right successor to Alan Stewart
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NewsFerrero acquires Fox’s Biscuits from 2 Sisters for £246m
Ferrero has snapped up Fox’s Biscuits from 2 Sisters Food Group for £246m to add to its growing biscuit portfolio across the world.
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NewsMedia Bites 7 Oct: Tesco, Ocado, Deliveroo
Tesco will complete the overhaul of its top executive team by raiding Tate & Lyle to recruit its new finance chief
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NewsCity Snapshot: Tesco sales soar during pandemic but £553m Covid costs drag on profits
Sales at Tesco soared 6.6% in the first half to £26.7bn as shoppers relied more heavily on supermarkets during the coronavirus pandemic, but costs also ballooned to weigh on profits. The supermarket also announced Tate & Lyle CFO Imran Nawaz as its news chief financial officer.