All Finance articles – Page 292
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NewsCity News: Ocado shares drop despite profits upgrade
It’s not often a profits upgrade is accompanied by a share price plunge
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NewsPlant-based demand balances Covid losses for Authentic Food Co
Growing demand for plant-based foods in supermarkets has helped Beyond Meat’s UK distribuer The Authentic Food Company steer through Covid-related declines
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NewsSupermarket prices move into deflation ahead of possible Brexit cost shocks
Supermarket prices have fallen back into deflation for the first time in over a year, just as the industry prepares for a potential price shock from the UK’s exit from the EU
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NewsAsda paid Walmart £1.15bn dividend despite profits drop
Asda paid a £1.15bn dividend to US owner Walmart last year, even as its profits slumped by more than a quarter
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Analysis & FeaturesHow Ronald Kers has driven recovery at 2 Sisters
Kers has worked with 2 Sisters founder Ranjit Singh to turn the processor’s fortunes around and create ‘the leading poultry-plus business’
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NewsChallenger brand data startup Elm secures seed funding
The company will use the funding to build out its engineering team and further develop its product
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NewsSupermarket prices fall into deflation for first time fourteen months
Supermarket prices have fallen back into deflation for the first time in over a year ahead of EU exit
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NewsMedia Bites 11 Dec: Brexit/Food industry, Ocado, Scotch eggs
Supermarkets and their shoppers could be hit with a £3.1bn annual bill on food and drink if there is no post-Brexit trade deal
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NewsYeo Valley bounces back after restructure leads to 72% profit hit
The supplier saw pre-tax profits rise by 31.6% to just under £4m for the year to 31 May 2020
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NewsCity snapshot: Ocado hikes profits forecast on retail sales surge
Ocado has hiked its full year profits forecast as its UK retail sales continue to boom as grocery shoppers stay at home. Founders and Blackstone bid for Applegreen. Plus, trading updates from McColl’s, Marston’s and DS Smith and all the rest of the latest news from the City.
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NewsMedia Bites 10 December:Tesco/Brexit, Asda, Just Eat
Shoppers face temporary shortages of some fresh foods and higher prices if the UK fails to strike a Brexit deal with the EU, the chairman of Tesco has warned.
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NewsMedia Bites: Asda, Grocery sales, Retail evictions
The competition watchdog is investigating the £6.8bn takeover of Asda
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NewsCity snapshot: Tesco investors set for £5bn payout as Asia sale readies for completion
Tesco, which last week announced it was returning £585m of business rates relief, has this morning confirmed the $10.6bn sale of its businesses in Asia and a special dividend payment of £5bn. Plus, a pre-close trading update from British American Tobacco, and Nestlé Purina PetCare is set to invest $550m to expand its petfood manufacturing facility in Georgia, creating up to 130 jobs.
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NewsNomad Foods upgrades 2020 expectations as sales soar in second lockdown
Sales at Birds Eye owner Nomad Foods have rocketed once again as locked down shoppers continued to stock up freezers as they ate all their meals at home in November.
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NewsCMA launches probe into Asda takeover by Issa brothers
The proposed £6.8bn takeover by brothers Mohsin and Zuber Issa was announced in October
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NewsWholesaler Parfetts sees annual turnover leap 26% to £474m
Parfetts has also added 150 stores to its Go Local symbol group this year, taking it to 650 in total
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NewsCity snapshot: Second lockdown boosts pre-Christmas grocery sales
Grocery sales spiked in November by 13.9% as eating and drinking out of home was restricted by the English national lockdown to boost the industry in the run-up to Christmas.
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NewsMedia Bites 8 December: Brexit, Kingfisher, The Hut Group
Business leaders and unions have heaped renewed pressure on the government to strike a last-minute Brexit agreement, saying the UK economy is ill-equipped for a disruptive no-deal scenario.
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Analysis & FeaturesCoronavirus business rates relief: which supermarkets are handing it back?
Here’s the list of supermarkets that have agreed to give it back – and the ones that are staying quiet on the issue
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NewsCooplands looks to growth after £7.7m BGF investment
Northern bakery chain Cooplands has secured a further £7.7m investment from the Business Growth Fund.