All Finance articles – Page 276
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NewsCity snapshot: UK retail industry sees green shoots of recovery in March
The UK retail industry saw the green shoots of recovery in March as sales jumped by more than 40% year-on-year after a COVID-induced collapse a year ago. Plus, footfall begins to improve ahead of retail re-opening next week and all the latest news from the City.
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NewsMedia Bites 9 April: The Co-op, Morrisons, M&S
The boss of the Co-operative Group has defended keeping £65m of taxpayer support despite its profits rising 429% last year and increasing bonuses for bosses
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NewsCo-op won’t pay back business rates relief due to ‘disproportionate Covid costs’
It claimed it incurred a disproportionate increase in costs associated with coronavirus measures compared to larger supermarkets
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NewsThe Vegan Kind secures £3.5m investment amid plant-based boom
The company said the investment was the biggest ever funding round for a vegan retailer in the UK
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NewsVibrant Foods acquires Fudco as South Asian food portfolio grows
The family run London business complements Vibrant’s existing portfolio of ethnic brands, expanding its plant-based offering and strengthening its consumer reach.
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Comment & OpinionFmcg will need to fight to hold on to profits as inflation rises
There are a number of complex factors exacerbating the inflation situation, not least elevated Covid costs, says Warren Ackerman, head of European consumer staples research at Barclays
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NewsCity snapshot: Norwegian grocery delivery business Oda raises €223m to drive European expansion
Norwegian e-grocery business Oda has raised €223M to fund territorial expansion in a funding round led by SoftBank and tech investor Prosus.
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NewsMedia Bites 8 April: Deliveroo, Co-op, Heineken
Deliveroo’s shares perked up on their first open day of trading, although the improvement was clouded by a strike by hundreds of its delivery riders.
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NewsFurlough and redundancies spark food ‘lockdown-preneur’ boom
The new business boom comes after UK unemployment rose to a record high of 5.1% in December
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NewsMedia Bites 7 April: Deliveroo, Retail/pub re-openings, UK economic growth
UK Deliveroo riders are expected to strike over pay and conditions as unconditional trading commences in the company’s shares
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NewsCity snapshot: Retailers celebrate sweet Easter as shoppers stock up on chocolate
Shoppers treated themselves as lockdown restriction began to ease in the run up to Easter, spending £439m on chocolate and sweets over the last month, according to the latest data from NielsenIQ. Plus, the increase in home cooking boosts Hilton Food Group in 2020.
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NewsUK-based CBD group Tenacious Labs launches with US acquisition
A UK-based global CBD group has launched today with the acquisition of a US direct-to-consumer operator and the promise of more acquisitions to come
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NewsCity Snapshot: UK retail sector loses almost 190,000 jobs during coronavirus outbreak
News of almost 190,000 UK retail job losses since first lockdown comes as Prime Minister Boris Johnson confirmed yesterday that non-essential shops will re-open on 12 April
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NewsMedia Bites 6 April: Iceland, pork, Easter eggs, Deliveroo
The boss of Iceland has called for a digital sales tax to help to support the recovery of the high street and has stepped up the retailer’s defence of its decision to keep hold of business rates relief.
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NewsCity News: Deliveroo IPO falls flat as share price plunges
Deliveroo may have been London’s largest IPO in almost a decade, but the float also proved to be one of the market’s least well received.
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Analysis & FeaturesWhy Big Chocolate is snapping up healthier snacking brands like Grenade, Kind and Eat Natural
Mondelez is the latest chocolate giant to acquire a healthy snack bar brand, paying £200m for Grenade. Who’s bought what and why?
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NewsCity Snapshot: COVID drives double-digit quarterly sales slump at Boots
The coronavirus outbreak has continued to hit sales at high street pharmacy retailers Boots as growing online and pharmacy revenues have failed to mitigate a dramatic drop in footfall.
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NewsMedia Bites 1 April: Deliveroo, Parsley Box, Boots
The papers dive in to the ‘car crash’ London debut of Deliveroo and examine why shares fell by more than a quarter at the food delivery firm.
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NewsThe Cookaway cooks up £700k crowdfunding round for expansion
The business, which launched in 2020, has so far raised £656k in the campaign on Seedrs.
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NewsWhite Peak Distillery drinks to £900k crowdfunding round
Derbyshire whisky producer White Peak Distillery has comfortably beaten its £500,000 crowdfunding target as it aims to build the premium brand in the UK and overseas.