Grocery and FMCG finance news, analysis and insight

Surging sales at Just Eat Takeaway.com come at a cost

2020-08-14T13:00:00+01:00By Alec Mattinson

Suppliers squeezed as HMRC moves to claw back tax owed

Food manufacturers are being squeezed by the government as HMRC withholds VAT refunds to claw back tax owed, putting thousands of jobs at risk

City snapshot: Manufacturers squeezed by the taxman on VAT refunds

Food manufacturers have zero VAT-rated revenues but receive VAT refunds from HMRC for purchases made to their own suppliers

Media Bites 14 August: whisky, Greencore, Unilever

The Scotch whisky industry has attacked the UK government for its “inexplicably slow” action against hefty tariffs

Pladis profits soar as global revenues pass £2bn

Profits have soared at McVitie’s owner Pladis Foods after it lifted revenues above £2bn.

Thorntons loses £35m as sales drop amid retail closures

Chocolatier Thorntons lost a further £35m last year, taking its total losses to more than £100m since being bought by Italian confectionery giant Ferrero

Media Bites 13 August: Just Eat, M&S, Eat out to help out

The lockdown led to a boom in sales for Just Eat Takeaway.com, which attracted a record number of new restaurants and customers in the first half of the year.

Lockdown order surge underpins Just Eat Takeaway.com global sales jump

AF Blakemore acquires online wholesaler and retailer Vegan Store

Plant-based meat producer This smashes through fundraising target to net £3.8m

Suppliers squeezed as HMRC moves to claw back tax owed

WH Smith to cut up to 1,500 jobs after coronavirus sales slump

Lockdown inflation falls back as grocers head for a price war

The lockdown-driven spike in supermarket inflation dramatically fell back in July as the major grocers fired the first shots of a post-Covid price war.

The Grocer Price Index - Categories
The Grocer Price Index - Retailers

The GPI tracks pricing of more than 70,000 grocery products using a 12-month chained index. The index was set at 100 in September 2008. The average does not include Waitrose. The GPI is compiled by Brand View.

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