Finance news – Page 322
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NewsNew data shows shoppers still ‘frequently’ visiting grocery stores
12% of all shoppers said their primary motive for visiting a shop was to ‘stock up for the longer term’
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NewsGreencore and Bakkavor’s food to go businesses savaged by coronavirus outbreak
While the supermarkets have experienced unprecedented levels of demand and sales growth in the midst of the coronavirus outbreak, the demand mechanics for two key listed grocery suppliers have been rather more mixed.
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NewsNestlé Purina to run £100m Lily’s Kitchen at arms length to ‘preserve premium credentials’
Premium petfood brand Lily’s Kitchen will continue to be run separately from global giant Nestlé Purina to “preserve [its] premium credentials” after being snapped up in a deal thought to be worth over £100m.
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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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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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NewsCity snapshot: Chancellor revamps coronavirus emergency loans programme
The Chancellor Rishi Sunak has announced a revamp of the government’s emergency loan measures to struggling SMEs by relaxing the criteria for eligible businesses and raising the limit on the size of companies that can apply. Plus, ABF leadership take pay cuts and all the rest of the latest news from the City.
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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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NewsMorrisons to treble staff bonuses in recognition of ‘huge effort’
The retailer said the changes represented a bonus payment of £1,050 for a full-time frontline colleague
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NewsMotor Fuel Group insists forecourts will remain open despite fuel sales collapse
Government figures from last weekend showed a 75% decline in petrol sales
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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 2 April: UK emergency aid, M&S, Morrisons
The chancellor is preparing to unveil an overhaul of his emergency aid scheme for small businesses amid warnings about a deluge of insolvencies.
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NewsBritish American Tobacco working on plant-based Covid-19 vaccine
The vaccine in development uses BAT’s proprietary, fast-growing tobacco plant technology
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NewsNurture Brands secures deal to buy The Primal Pantry
Fast-growing plant-based snacking group Nurture Brands has agreed a deal to buy healthy snack bar brand The Primal Pantry
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NewsCoronavirus: Egg prices could rise amid ‘stretched’ supply chain
Feed costs have risen by 10%, which may see hikes passed on to consumers, producers have warned
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NewsMorrisons wins Supreme Court appeal over data breach case
In 2014, senior internal auditor Andrew Skelton leaked the payroll data of nearly 100,000 employees
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NewsCoronavirus: Beef processors face profit squeeze over carcase balance
While shoppers have been stocking up on beef, they have avoided more expensive cuts of beef
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NewsCity Harvest seeks £50k extra funding amid surge in food donations
The food redistribution charity has launched a GoFundMe push to pay for significantly increased activity
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NewsNestlé Purina buys premium petfood player Lily’s Kitchen
Premium petfood brand Lily’s Kitchen has been acquired by Nestlé Purina with the aim of boosting its global growth