All Finance articles – Page 2
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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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Media 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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City 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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Startups still reporting cash raises despite coronavirus
Nix & Kix, Big Drop Brewing and Different Dog are among recent success stories
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Coronavirus: 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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Analysis & Features
The great foodservice diversion: can companies repurpose fast enough?
A once-secure sector is now in a desperate struggle for survival
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Comment & Opinion
We mustn’t let politics get in the way of staff safety or production
Strong leadership is needed from government, as well as businesses and union leaders
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Morrisons 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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Motor 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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City 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Bakkavor has withdrawn its financial guidance for 2020 after the coronavirus crisis impacted trading, with overall sales falling below expectations.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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Media 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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British 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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Nurture 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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Coronavirus: 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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Morrisons 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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Coronavirus: 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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City 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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Nestlé 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
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City snapshot: Chapel Down sees booming retail and online wine sales but suspends brewing business
English winemaker Chapel Down has experienced “substantial” growth in supermarket, off license and online sales, but has shuttered its beer and cider brewing arm due to the closure of on-trade outlets. Plus, UK shop prices fall 0.8% in March and all the rest of the latest news from the City.
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Media Bites 1 April: Supermarkets/Coronavirus, Tobacco, Poundland
Britons made nearly 80m extra grocery shopping trips in March – spending almost £2bn more on food and drink than in 2019
