Finance news – Page 325
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NewsSpecialist pate makers Patchwork and Pyman to merge
North Wales-based Patchwork Pates and Devon-based Pyman Pates are to merge to scale up and meet demand for premium British pates and meat-free alternatives.
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NewsCoronavirus: DTC meal kit businesses report record demand
DTC recipe kit providers have been forced to turn down new customers as they grapple with ‘unprecedented’ levels of demand
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NewsUnilever offers €500m relief to suppliers and customers, donates hygiene products
The consumer goods giant will give early payments to the most vulnerable small and medium-sized suppliers
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NewsFood and drink M&A deals on hold as coronavirus outbreak freezes market
Sale processes - including that of MPM Products - have been put on hold as the coronavirus outbreak hits market confidence
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NewsB&M, Home Bargains, Poundland remain open due to food ranges
B&M, Home Bargains, Poundland and Poundstretcher continue to trade today thanks to their food ranges
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NewsWaitrose sets limit on number of people allowed in stores
The retailer will also introduce dedicated marshals for each outlet to help to manage queues outside
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NewsCoronavirus: Europe eases border strains on supply chains
New guidelines issued on Monday seek to ease the border delays that strained supply chains last week
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NewsCity snapshot: McColl’s reassures the market on financial strength
McColl’s has issued a business update regarding the deepening COVID-19 crisis, reassuring the City that it has the “financial and operational flexibility” to deal with prolonged disruption. Plus, Waitrose introduces new coronavirus measures, trading updates from Applegreen, Cake Box, Wynnstay, a new CFO for Greencore and all the rest of the latest news from the City.
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NewsMedia Bites 24 March: Supermarkets/coronavirus, Retail closures & rents, Food wholesalers
Demand for workers to fill jobs in supermarket warehouses has surged by a third as internet shopping booms.
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NewsContactless limit rises to £45 to help reduce coronavirus spread
The limit is set to rise from the current £30 on 1 April
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News‘Accidental stockpilers’ driving shelf shortages, research shows
Empty shelves in supermarkets are a result of shoppers making more trips
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NewsCoronavirus: Hotel Chocolat to close all stores and switch to online
Co-founder and CEO Angus Thirlwell said he took the decision to keep staff and customers safe during the ongoing pandemic
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NewsCoronavirus: Greggs to close its stores tomorrow as weekly sales plunge 9.9%
Food to go chain Greggs has announced it will close its entire shop estate by the close of business on Tuesday 24 March in response to the coronavirus crisis
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NewsGlobal food retail shares could benefit from coronavirus demand surge
Analysts have suggested the global grocery sector could be set to benefit from the rapid escalation of demand driven by the pandemic
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NewsCoronavirus: Food & drink SMEs struggle to access emergency government aid
Startups are worried they could miss out on emergency support from the Treasury due to loopholes and lack of communication
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NewsSkinny Tonic closes £1.8m crowdfunding campaign
The brand has agreed two “major” listings, which have been delayed due to Covid-19
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NewsSupermarket demand will increase under lockdown, says retail analyst
Although bulk buying would tail off as shoppers filled their cupboards, tighter measures, such as the restaurant closures …
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NewsAs Nature Intended falls to loss ahead of Planet Organic sale
As Nature Intended slipped into the red last year ahead of its acquisition by Planet Organic, announced last week
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NewsCoronavirus: Tesco gives workers 10% pay rise
Tesco said the rise is backdated to Monday 9 March
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NewsCity Snapshot: Soft drinks suppliers warn of coronavirus impact
Soft drink makers AG Barr and Britvic has warned that the coronavirus has severely impacted their out of home sales, while Coca-Cola European Partners has scrapped its share buyback programme because of the virus. Plus, John Lewis and Primark shut their stores and all the rest of the latest news from the City.