All Finance articles – Page 287
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NewsMedia Bites 24 March: Business rates, COVID/Retail, Carrefour
Retail bosses have lashed out at Treasury inaction on business rates
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NewsCity snapshot: Prices unexpectedly tumble in February as lockdown drags on
The rate of UK inflation has taken an unexpected fall in February as a result of continued discounting on clothes as retailers attempt to generate consumer interest as lockdown wears on. Food prices also fell again as the supermarkets battled it out over price.
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NewsLab-grown meat startup Meatable raises $47m to scale up production
The Dutch company showcased its first pork product in 2020 and is currently focused on the further development of cultivated pork and beef
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Comment & OpinionIs online grocery really the ‘under-penetrated’ market Deliveroo says it is?
Deliveroo has this week published its pre-IPO prospectus, which outlines its ambition to be ‘the definitive online food company’
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NewsGeneral Mills returns European Yoplait business to Sodiaal
The group has sold its 51% controlling stake in exchange for full ownership of the Canadain Yoplait business
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NewsCity Snapshot: McColl’s profits slide despite Covid sales boom
Strong customer demand during the coronavirus pandemic led to double-digit like-for-like sales growth at McColl’s last year, but consumer shift to lower margin products and investment in price hit profits
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NewsMedia Bites 23 March: Deliveroo, Mondelez/Grenade, exports, Kraft Heinz
The papers cast a cynical eye over Deliveroo’s £9bn valuation and also take a look at Mondelez’s move into healthier snacking with the Grenade deal.
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NewsMondelez adds to UK snacking portfolio with acquisition of Grenade
The terms of the deal were not disclosed but Mondelez’s significant majority stake is understood to have valued the protein bar supplier at around £200m.
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NewsMoju boasts UK first as VC arm of Danone leads £2.5m investment
It is the first investment in a UK-based business for Danone Manifesto Ventures, which launched in 2016 and backs innovative food and food-tech companies.
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NewsCity Snapshot: Deliveroo valued at up to £8.8bn in upcoming float
Deliveroo could be worth almost £9bn in its upcoming IPO after the food delivery service set its share price range higher than had been previously expected.
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NewsMedia Bites 22 March: Asda, Online sales tax, Deliveroo
Marks & Spencer food boss Stuart Machin has been singled out as a prime candidate to run Asda
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NewsCity News: Danone shares rise after it ditches chairman-CEO split plan
Earlier this month Danone had agreed to split the roles of chairman and CEO
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NewsSupermarket prices in deflation despite fall in imports from EU
The Grocer Price Index found that overall the big four’s prices fell back 0.2% year on year across February
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NewsEx Thorntons chair regrets sale to Ferrero
Ferrero this week said the remaining 61 Thorntons shops would not reopen when lockdown lifts next
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Analysis & FeaturesBrexit border check delay: are the extra months enough for food and drink?
The government extended the grace period for full border checks by another six months
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NewsAsda CEO Roger Burnley to step down
He will leave the business next year following its takeover by the Issa brothers and TDR Capital
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NewsMedia Bites 19 March: Ocado, Asda, Fever-Tree
The boss of Ocado has shrugged off the threat of new faster delivery rivals and claimed that Amazon has a ‘negligible impact’ on the British grocery market
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NewsCity Snapshot: Ocado first quarter sales surge 40% amid ‘permanent shift’ to online grocery
Ocado has seen a 40% surge in sales over Christmas and the New Year amid a “permanent shift” from physical to online grocery shopping. Plus, FeverTree margins tighten as off-trade shift limits annual sales drop to 3% and all the rest of the latest news from the City.
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NewsMission secures £1.6m investment to brew up expansion plan for energy tea brand
The funding round was led by former and current executives at BrewDog, Cadbury, HelloFresh, Allplants, Graze, KP Snacks and Tails.com, alongside England cricketers Michael Vaughan and Heather Knight.
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NewsMedia Bites 18 March: SSP, Danone, Ocado
SSP Group, the airport and railway caterer behind Upper Crust and Caffè Ritazza, predicted that passenger numbers would not return to pre-Covid levels until 2024 as it tapped its shareholders for £475m of new funding.