All Finance articles – Page 300
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Comment & OpinionIf it’s not a supply deal, what is Bestway getting from its Costcutter purchase?
Bestway has confirmed the Co-op supply arrangement will remain in place until 2026. In the meantime, the wholesaler will reap other benefits
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NewsTesco-backed checkout-free tech firm Trigo secures $60m funding
The latest funding, led by venture capital firm 83North, would be used to scale Trigo’s ability to meet growing demand and boost R&D, the checkout-free tech company said
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NewsBestway snaps up Costcutter for undisclosed fee
Once the deal is cleared, Bestway will operate a symbol, franchise and company store estate of more than 3,795 UK stores
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NewsCity snapshot: BRC calls for ‘pragmatic solution’ to border chaos
The BRC has called on the government and the EU to find a “pragmatic solution” to the closure of traffic from France and avoid impacting the supply of Fresh produce to the UK. Plus, FTSE and pound plunge, Bestway Wholesale to buy Costcutter and all the rest of the latest news from the City.
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NewsMedia Bites 21 Dec: Border closures/food supply, Retail/Tier 4, Asda
Boris Johnson is holding emergency talks to avert Christmas food shortages after France banned freight and travel from the UK
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News‘Trend-setter’ Unilever to give shareholders say on climate changes plans
Unilever this week pledged to become the first FTSE 100 company to offer investors a vote to approve of its plans to tackle climate change.
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NewsFiddes Payne reaps benefits of pre-pandemic production hike
Fiddes Payne has returned to growth as its range of home baking kits, pulses pouches and cake decoration products appealed to locked-down shoppers this year
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NewsConfectionery manufacturer Bon Bon Buddies winds up
Confectionery manufacturer Bon Bon Buddies has voluntarily wound up the business after being placed into liquidation by its creditors
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NewsInnocent global growth drives sales surge as it slips to loss
Innocent’s sales surged past £400m last year, though the group fell to a loss as it funded expansion across Europe and beyond
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NewsKerry Group mulls €1bn-plus sale of consumer foods business
Kerry Group is considering selling off its consumer foods division, which includes brands such as Richmond sausages and Dairygold, according to reports today
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Analysis & FeaturesShare prices: who were food and drink’s winners and losers of 2020?
Coronavirus has caused some food and drink share prices to soar but it’s not been as simple as adding extra sales
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NewsCity Snapshot: November retail sales fall back on second lockdown
Retail sales fell back in November as shops shut their doors again during the second coronavirus lockdown
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NewsMedia Bites 18 Dec: The Grocer’s Top Products, SSP Group, Scotch
Supermarket sales figures have captured the way Covid has caused big changes in the way we live
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NewsFerrero moves into healthier snacking market with Eat Natural acquisition
Eat Natural will continue to produce at its facility in Halstead, with its entire staff – including management – set to be retained
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NewsCity Snapshot: SSP Group loses £426m amid COVID sales collapse
Travel specialist SSP Group has reported a near-50% plunge in annual revenues and a £426m pre-tax loss due to the coronavirus. Plus, Cranswick withdraws from IPN race, Sainsbury’s Bank names new chair and all the rest of the latest news from the City.
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NewsMedia Bites 17 December: Asda, Brexit, sherry
The Issa brothers have drafted in advisers to prepare a £1.2bn sale and leaseback of Asda’s distribution centres ahead of their £6.8bn takeover of the supermarket chain.
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NewsCranswick plots return to petfood market with IPN acquisition
Pork and meat supplier Cranswick is mulling a move into the fast-growing premium petfood sector with the potential acquisition of Inspired Pet Nutrition
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NewsCity snapshot: Falling food prices push inflation back in November
A drop in food and non-alcoholic drinks prices as England went into a second lockdown has contributed to a significant fall in the UK inflation rate in November, according to official figures. Plus, British American Tobacco is ready to test its Covid vaccine on humans.
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NewsMedia Bites 16 December: Pay gap, Ocado, Brexit
Online grocer Ocado paid its chief executive about 2,600 times its average worker last year, according to new research that shows the yawning gap in wages between the boardroom and the shopfloor across British industries.
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NewsCity snapshot: Ocado completes $262m Kindred Systems robotics acquisition
Ocado has announced it has completed the deal for US piece picking robotics company Kindred Systems.