Finance news – Page 326
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NewsMedia Bites 23 March: Coronavirus/Supermarkets/Retail
Panic buying sent sales soaring by more than 50% at supermarkets last week as shoppers spooked by the coronavirus rushed out to stockpile.
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NewsCoronavirus: stop panic buying, urges government
It comes after environment secretary George Eustice met with supermarket bosses today
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NewsOcado seeking redeployed staff from businesses impacted by Covid-19
The online supermarket is inviting businesses impacted by the outbreak to send any temporarily unneeded staff its way
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NewsSeafood businesses close as coronavirus hits exports
Falling demand and air freight cancellations are proving disastrous for British fisherman
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NewsVegan boom propels Huel to top of the Alantra Food & Beverage Fast 50
The explosive growth of direct to consumer ‘complete meal’ brand Huel has propelled the brand to the top of Alantra’s Fast 50 list of rapidly expanding food and drink players.
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NewsAldi, Asda and Lidl on hunt for 16,000 workers to help keep shelves stocked
The three are the latest supermarkets to create thousands of new jobs as panic buying shoppers continue to strip shelves
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NewsBlockhead raises over £800k to fund NPD and retail expansion
The startup was able to close the funding round despite investor uncertainty due to the coronavirus outbreak
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NewsSupermarkets allowed to pool data and staff as competition rules relaxed
Retailers will be able to share data with each other on stock levels, co-operate to keep shops open, or share distribution
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NewsCoronavirus: Crowdfunding platform Seedrs insists investor interest will remain strong
Seedrs reassured its community it was operating “business as usual” and will continue to support companies looking to raise investment
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NewsCity snapshot: M&S warned of ‘severe impact’ of coronavirus and readies store closure contingencies
Marks & Spencer has warned of the “severe impact” of the coronavirus outbreak on its clothing and home business and has detailed a cost-control programme to mitigate the damage. Plus, supermarket competition law temporarily relaxed, Hotel Chocolat raises cash amid outbreak sales downturn and all the rest of the latest news from the City.
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NewsMedia Bites 20 March: Coronavirus/supermarkets, Retail industry, Ocado
The government is relaxing competition regulations to allow retailers to work together more closely to help feed the UK during the coronavirus outbreak
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NewsCoronavirus: EU border restrictions are disrupting food supplies
More than a dozen EU countries have introduced border controls to try and stem the spread of coronavirus
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NewsCMA gives green light to PepsiCo’s acquisition of Fruit Bowl owner Pioneer
The UK’s competition watchdog has closed its investigation into the $1.7bn merger between PepsiCo and South African food group Pioneer Foods.
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NewsFears food suppliers may not be able to cope with coronavirus demand
FDF has written to environment secretary George Eustice, urging the government to prioritise the food workforce
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NewsKellogg’s seeks temporary workers to ramp up production
It has urged anyone with food manufacturing experience to apply
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NewsCity snapshot: Ocado Retail reports sales lift amid ‘unprecedented demand’
Ocado Retail has reported double-digit sales increase in the first quarter, which was unaffected by the coronavirus outbreak
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NewsMedia Bites 19 March: Morrisons, Stockpiling, Ocado
As the coronavirus outbreak wrecks havoc on the grocery sector, supermarkets have implemented a number of rules to cur panic-buying and secure stock
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NewsCoronavirus: SMEs face ‘wartime’ grocery market
SMEs and startups have reported rising concern they will be faced with a ‘wartime’ grocery market, putting the survival of their businesses at risk
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NewsCoronavirus: HMRC to fast-track applications for distillers to shift to hand sanitiser production
HMRC has pledged to fast-track applications for spirits producers to use tax-exempt alcohol to shift production to hand sanitisers and gels amid a national shortage
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NewsSupermarkets introduce wave of new measures to deal with coronavirus panic buying
It comes as they try to reassure customers that there is no need to panic-buy and ensure essential supplies remain available to the most vulnerable