All Finance articles – Page 233
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Comment & OpinionLeon acquisition is surely no replica of Tesco’s doomed Giraffe strategy
Experts are clear the restaurants are unlikely to be planted in too many Asdas, if any
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NewsIssa brothers ‘willing to sell forecourts’ to seal Asda takeover deal
This week the CMA gave the EG Group owners and private equity firm TDR Capital five days to offer “binding proposals” to tackle its concerns
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NewsCity snapshot: Retail sales rebound ahead of reopening
Retail sales volumes continued to recover in March ahead of the reopening of non-essential shops, according to date from the Office of National Statistics
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NewsMedia Bites 23 April: Co-op, Nestlé, Deliveroo
The Co-op retail chain has announced a shake-up of its store management structure which is expected to affect 2,000 staff
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NewsBeau’s secures £400k to bring vegan ice cream to wider audience
Plant-based ice cream start-up Beau’s has netted a £400k investment to open a manufacturing facility and launch a subscription service.
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Analysis & FeaturesHow does Leon fit into Zubin and Mohser Issa’s master plan?
The restaurant brand suits forecourts but not Asda, say analysts
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NewsThe Hut Group strengthens snacking capability with £43m Brighter Foods deal
The acquisition allows THG to bring more snacking manufacturing in-house, reducing lead times for NPD launches “significantly”
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NewsCity snapshot: Booming coffee sales drives Nestlé first quarter sales outperformance
Nestlé has reported a 7.7% jump in first quarter organic growth, boosted by a surge in coffee sales and early signs of recovery in out-of-home channels
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NewsMedia Bites 22 April: Uber Eats, Heineken, Amazon
Uber Eats will launch in Germany for the first time over the next few weeks, starting in Berlin, in its biggest entry to a new country since 2018.
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NewsMedia Bites 21 April: Asda, Tobacco, ABF/Primark
The £6.8bn takeover of Asda could lead to higher fuel prices in some parts of the UK, the UK competition watchdog has warned
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NewsCity snapshot: Solid start for Heineken as strong growth in Africa makes up for Covid hit in Europe
Heineken has reported a “solid” start to the year with profits growing despite trade in Europe continuing to be hit by lockdowns. Plus, Coca-Cola European Partners changes its name following approval for its acquisition of Asia-Pacific Coke bottle Coca-Cola Amatil.
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NewsCMA finds Issa brothers’ £6.8bn Asda deal could hike petrol prices
Watchdog has given the brothers and private equity firm TDR Capital five days to offer “binding proposals” to tackle its concerns
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NewsFood and drink exports fall nearly 10% in pandemic
Most of the top 10 food and drink products exported by the UK were negatively affected by Covid-19 and restrictions of movement
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NewsMultivitamin startup Feel secures £4.5m investment to fuel growth
Founded by Boris Hodakel in late 2019, the business has grown rapidly in its first year, with active subscriptions for its range of all-natural multivitamins and omega 3 and immunity-boosting supplements exceeding 21,000.
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NewsCity snapshot: ABF rebounds with ‘record’ Primark sales on reopening
Associated British Foods has seen ‘record’ sales on the reopening of its stores last week to bounce back from a first half of a double-digit revenue fall and shrinking profits
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NewsMedia Bites 20 April: Coca-Cola, Tesco, Oatly
Coca-Cola’s sales rebounded in the first three months of the year as accelerating Covid-19 vaccinations and a rollback in restrictions on restaurants and bars renewed demand for its fizzy drinks.
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NewsCoca-Cola revenues boosted by vaccine rollout and economic reopening
Coca-Cola has posted a 5% rise in first quarter net revenues as its performance improved in key markets where vaccine availability increased and economies are opening up
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NewsBooker sales surge despite Covid catering impact
The wholesale giant enjoyed a 18.5% jump in retail sales as more shoppers turned to convenience stores during the crisis
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NewsCity snapshot: EG Group swoop for Leon
Petrol forecourt giant EG Group has swooped for restaurant chain Leon as it seeks to grow its non-fuel offering and expand the foodservice operation into healthy fast food. Plus, C&C subsidiary Matthew Clark Bibendum hit by cyber-security incident.
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NewsMedia Bites 19 April: EG Group/Leon, Yo! Sushi, Poundland
The billionaire brothers behind the petrol station business EG Group have snapped up the fast food chain Leon Restaurants for £100m