All Finance articles – Page 293
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NewsCity snapshot: B&Q owner Kingfisher joins flurry of retailers returning business rates relief
Screwfix and B&Q owner Kingfisher has joined the flood of retailers to hand back business rates relief received during the coronavirus pandemic. Plus, a trading update from The Hut Group and Mike Ashley’s Frasers Group confirms Debenhams rescue talks.
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NewsMedia Bites 7 Dec: Nando’s, Business rates, Christmas turkeys
Nando’s is in crisis talks over its debt pile after spending £20m to make its UK restaurants Covid-secure, raising £100m from shareholders.
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NewsIt’s All Good explores sale as tortilla chips demand soars
The Gateshead-headquartered supplier has been backed by PE firm NVM since 2014 following a £3.5m minority investment
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NewsFarmison & Co growth rockets 550% as mutton sales soar
Turnover is expected to more than double to £12m in the year to end of March 2021
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NewsAt-home demand for gin helps Chase Distillery offset on-trade collapse
The company, which was snapped up by Diageo in October, experienced “very strong” growth with retail partners
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NewsContract loss and coronavirus hit profits at Branston maker Mizkan Euro
The maker of Branston pickle and Sarson’s vinegar has posted a sharp rise in pre-tax losses, amid mounting cost inputs and the loss of a private label contract.
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NewsCity snapshot: Second lockdown costs ABF £430m in lost sales
A second wave of coronavirus lockdowns has cost Associated British Foods £430m in lost sales, as Primark stores have closed across Europe. Plus, Pets at Home the latest retailer to pay back business rates relief and all the rest of the latest news from the City.
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NewsMedia Bites 4 Dec: Business rates repayments, Rates reform, Brexit
The UK’s five biggest supermarkets and the discount chain B&M will repay £1.8bn in business rates relief after intense criticism of food retailers
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NewsSupermarkets pay back £2bn in business rates as Tesco move sparks chain reaction
Sainsbury’s and Aldi confirmed today that they would pay their business rates this year
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NewsCity Snapshot: Sainsbury’s to hand back £440m of business rates relief
Sainsbury’s has joined Tesco and Morrisons in handing back its business rates relief, which will cost the supermarket around £440m
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NewsMedia Bites 3 December: Tesco, lab-grown meat, High Street
News that Tesco has repaid £585m of business rates relief dominates the papers today.
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NewsSymington’s returns to profit as pandemic boosts demand
Symington’s has bounced back into the black as a strategic plan led by the new CEO and demand driven by the coronavirus pandemic helped sales at the Chicken Tonight owner climb higher.
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Analysis & FeaturesTesco business rates payback: the industry reacts
Industry and City analysts respond to Tesco’s repayment of £585m in government BR relief
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NewsMedia Bites 2 Dec: Dairy inflation, Stockpiling, Shop prices
The head of the UK’s largest dairy farmers’ co-operative has warned that prices may rise sharply in the event of a “no-deal” Brexit
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NewsTesco repays £585m in business rates relief
Tesco has bowed to growing pressure to repay a huge business rates relief windfall from the government
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NewsCity snapshot: Tate & Lyle buys US stevia producer Sweet Green Fields
Tate & Lyle has agreed a deal to acquire $50m stevia ingredients company Sweet Green Fields to take full ownership of current partner.
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NewsCity News: Compass Group and Greencore provide reasons for optimism
This year will not be looked back on with any fondness by out-of-home eating specialists
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NewsMedia Bites 1 December: Caffe Nero/Issa Brothers, Unilever, Covid dividends
Mohsin and Zuber Issa, the billionaire brothers behind EG Group, made an offer to buy Caffe Nero over the weekend, but the ailing coffee shop chain has turned down the offer.
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NewsCity snapshot: EG Group partners with Cinnabon to create 2,000 jobs
Petrol forecourt giant EG Group is set to create 2,000 jobs with the opening of 150 Cinnabon stores across the UK after partnering with the US cinnamon roll brand. Plus, Unilever completes unification and Pets at Home acquires The Vet Connection for £15m.
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NewsMedia Bites 30 Nov: Trading hours, Farming, Pubs/Hospitality
Shops are to be allowed to stay open for longer in the run-up to Christmas under a major relaxation of rules announced to help revive High Street stores.