All Finance articles – Page 10
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NewsVeg producers struggle amid poor weather conditions and labour shortages
Growers struggled last year as sales were impacted by ‘extreme’ weather conditions and supply chain pressures
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City Snapshot: B&M sells German business for €12.5m
B&M Bargains owners B&M European Retail has sold its loss-making German arm Jawoll to a consortium of German investors for €12.5m (£10.9m). Plus, The Bank of England has slashed interest rates back to a historic low of just 0.25% as an emergency response to the coronavirus outbreak and all the rest of the latest news from the City.
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News
Media Bites 11 March: Coronavirus, Budget, Unilever
Sales of both freezers and frozen food have surged in the UK amid panic buying by Britons worried about the spread of coronavirus.
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Business rates system means poor regions are subsidising London, claims BRC
In its latest call for radical reform in tomorrow’s Budget, the BRC said the government’s own figures showed the scale of …
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Coronavirus: Ocado pleads for supplier help to cope with demand
A pleading communication from Ocado Retail CEO Mel Smith warned suppliers to expect ‘volatility in orders placed’
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Chancellor urged to introduce business rates relief for coronavirus-impacted retailers
Property firm Colliers wants ‘discretionary rate relief’ to be funded by the government centrally
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Media Bites 10 March: Tesco, Retail sales, Amazon
Tesco is planning to hand out £5bn to shareholders and pump £2.5bn into its pension fund after lining up the sale of its Thai and Malaysian businesses.
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News
Better Nature raises over £400k to take tempeh into the mainstream
The vegan startup will use the funds to accelerate NPD and for sales and marketing as it hopes to take tempeh into the mainstream
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Coronavirus: government agrees to temporarily scrap delivery curfews
It said the move would help ease temporary shortages caused by panic buying
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UK-based online CBD marketplace Alphagreen raises £500k
Alphagreen, Europe’s largest consumer marketplace for CBD products, will use the funds to support its expansion across European markets
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Allplants closes ‘record’ £3.4m crowdfunding campaign
The plant-based DTC meal delivery company closed the UK’s largest-ever vegan crowdfunding round
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Nisa boosts frozen sales with expanded Co-op range
In October last year, Nisa retailers were given access to more than 70 additional frozen lines through the Co-op
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City snapshot: Tesco agrees £8bn Thai and Malaysian business sale
Tesco has agreed to sell its business Thailand and Malaysia to CP Group for an enterprise value of US$10,6bn (£8.2bn) to fund a special dividend and a £2.5bn pension contribution. Plus, global markets collapse amid oil price plunge and all the rest of the latest news from the City.
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Media Bites 9 March: Coronavirus/Supermarkets, High Street/Business rates, Pret
Major supermarkets began rationing food online on Sunday after panicked shoppers cleared shelves and experts warned of weeks of shortages.
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Food industry hits out at ‘very slow’ government coronavirus response
The Food Chain Emergency Liaison Group is meeting today for the first time since the outbreak
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Comment & Opinion
Can a land value tax save the high street?
There are easier and better solutions to the business rates conundrum
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Waitrose ‘not for sale’ in new John Lewis Partnership review
The retail chain has announced three Waitrose stores will close later this year
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Industry calls on chancellor to rethink plans for plastic tax
In a letter to the Chancellor, the FDF warned the planned tax was a ‘blunt approach’ which punished all manufacturers
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Hancock: ‘Government working with supermarkets to supply self-isolators’
His intervention comes amid growing fears that supermarkets could face panic buying
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Comment & Opinion
The only certainty of coronavirus is that it will get worse
It is a powerful statement that coronavirus now polls as a greater threat than Brexit to the food industry in 2020
