All Finance articles – Page 260
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NewsMidcounties Co-op reports spike in Christmas sales as it boosts local sourcing
The sales of the retailer’s enhanced seasonal range rose by 60% on a like-for-like basis
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Analysis & FeaturesWhat are the tariffs causing disruption to UK products?
Businesses are grappling to maintain ‘continuity of supply’ to Ireland as exports are hit with new tariffs. What can be done?
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NewsCity snapshot: Supermarket prices return to inflation amid new lockdowns and Brexit
Supermarket price inflation escalated to its highest level for five months in December as coronavirus restrictions and the UK’s imminent exit from the EU reversed deflationary trends in grocery.
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NewsMedia Bites 15 Jan: Tesco, ABF/Primark, Scottish seafood
A boom in online grocery shopping delivered £1bn of extra sales for Tesco over the holiday period as the supermarket group toasted a record Christmas
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NewsBarilla snaps up DTC Pasta Evangelists
Italian food giant Barilla has snapped up direct-to-consumer business Pasta Evangelists to tap into booming e-commerce demand in the UK during the coronavirus pandemic.
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NewsCity Snapshot: Tesco posts Christmas sales growth of 8.1% as Covid costs mount
Tesco has reported a “strong” sales performance in its third quarter and Christmas period, although new coronavirus restrictions have added a further £85m to existing Covid costs. Plus, trading updates from ABF, Bakkavor, Hilton Food Group, Finsbury Food Group and Science in Sport
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NewsMedia Bites 14 January: Brexit, Lidl, Just Eat, Unilever
The UK government is proposing to fast-track empty supermarket food lorries returning to Europe to restock, as concerns mount in Whitehall that post-Brexit port disruption threatened supermarket supply shortages.
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NewsFast grocery delivery app Weezy plots expansion after $20m fundraise
UK-based fast grocery delivery app Weezy is planning to roll out its services across London and further afield after raising $20m (£14.7m) in growth funds.
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NewsBooths reports strong Christmas with like-for-like sales up 12%
There were strong sales of smaller turkey lines, up 23%, while turkey crown sales rose 38%
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NewsRecord year for food and drink on Seedrs
During the year, 58 food and drink campaigns hit their Seedrs funding targets, a 29% increase on 2019, raising £45m, which represented a 121% rise on the prior period.
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NewsMedia Bites 13 Jan: Northern Ireland food supplies, The Hut Group, Carrefour
The UK’s major supermarkets have warned the government that an ‘urgent intervention’ is needed to prevent further disruption to NI food supplies
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NewsCity snapshot: Pink fizz and festive jumpers drive record Christmas at Lidl
Lidl increased overall sales 17.9% in the four weeks to 27 December compared to Christmas 2019 to outperform its big four rivals and Aldi. Plus, Just Eat sees orders surge again in fourth quarter as new lockdowns benefit the takeaway delivery app.
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NewsValeo Foods adds to snacking empire with Schluckwerder acquisition
Valeo Foods has bolstered its confectionery business with the acquisition of German marzipan and chocolate producer Schluckwerder
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NewsCity snapshot: Nichols annual sales drop 19% as out of home revenues slump
Vimto producer Nichols has reported a 19.3% drop in 2020 revenues as the coronavirus outbreak decimated out of home sales. Plus trading updates from The Hut Group, British Honey Co and Carr’s, while B&M founders sell £218m of shares and all the rest of the latest news from the City.
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NewsMedia Bites 12 January: Morrisons/Sainsbury’s, Brexit, M&S
Sainsbury’s has joined Morrisons in saying it will enforce the wearing of masks in its supermarkets.
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NewsNomad Foods confirms talks with Fortenova Group to buy frozen foods business
Birds Eye owner Nomad Foods is looking to extend the reach of its frozen empire in Europe after entering exclusive talks with Fortenova Group to buy the Croatian company’s frozen foods brands.
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NewsCity News: Christmas sales boom at Sainsbury’s and Morrisons impresses City
The market is used to supermarkets posting bumper sales during coronavirus, but sector sentiment was further boosted by Sainsbury’s saying its bumper Christmas sales would also lead to higher-than-expected profits
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NewsMedia Bites 11 Jan: Ocado, Brexit border disruption, M&S
Ocado has become the first large grocer to warn of stock shortages as it is hit by staff absences while hauliers grapple with extra customs controls after Brexit
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NewsCity Snapshot: Post Office delivers strong Christmas as online shopping booms
The boom in online Christmas shopping fuelled by the coronavirus crisis has seen the Post Office deliver a 17% rise in December sales. Plus, Commercial landlord British Land has collected less than half the rent due from its retail tenants in December as tightening coronavirus restrictions forced many shops to close once more.
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NewsKettle back in the black following sale to Valeo Foods
Bagged snacking brand Kettle has bounced back into the black following its acquisition by Valeo Foods, as the CapVest-owned group further expands its snacking empire