All Finance articles – Page 300
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NewsOcado shares surge despite capacity constraints
Ocado may have had to turn away willing customers and shut down its website as it struggled to cope with a wave of demand during the coronavirus crisis, but its share price still hit new record highs this week.
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NewsCoronavirus demand for frozen foods boosts Nomad sales
Birds Eye owner Nomad Foods has posted a 10.5% jump in first quarter sales due to “unprecedented” demand for frozen food driven by the coronavirus outbreak.
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NewsAB InBev’s April sales volumes slump by a third
A sharp downturn in March saw sales volumes at the world’s largest brewer AB InBev drop by 9.3% in the first three months of 2020, with sales down further in April
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NewsCoronavirus will lead to increase in opportunistic M&A, predicts PwC report
Research conducted by accounting firm PwC highlighted the chance for “attractively priced M&A opportunities” to arise in the next 12 to 18 months, as some challenger brands will be unable to continue trading on their own
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Analysis & FeaturesHow will CMA’s ‘failing firm’ ruling on Amazon-Deliveroo investment impact future deals?
The CMA has made a u-turn in its assessment of Amazon’s major investment in Deliveroo. How will its ruling impact future deals?
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NewsCity snapshot: Coca Cola HBC reports “difficult” March and April trading
Coca-Cola HBC has had “difficult” March and April, as sales in the out-of-home channel were slashed by a nationwide lockdown imposed on most of its territories
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NewsMedia Bites 7 May: Ocado, Business rates, Beyond Meat
Shareholders gave Ocado a “bloody nose” in a revolt against boardroom excess after chief executive Tim Steiner landed a £59m payday.
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NewsKingsmill still struggling despite coronavirus demand
It lost £9.6m as the Covid-19 pandemic took hold – 18.5% of its value
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NewsFormer Premier Foods boss Gavin Darby made chairman of The Felix Project
Darby will work alongside deputy chairman of The Felix Project, Justin Byam Shaw, who founded it in 2016
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NewsOcado on supplying the shielding: ‘We’ve done more than our share’
Duncan Tatton-Brown said Ocado was serving more people on the government’s shield list ‘than our proportionate share’ of the grocery market
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NewsMedia Bites 6 May: Ocado, Boots, Thai Union
Ocado shareholders urged to vote against executives pay, WBA in talks with Amerisource Bergen to sell wholesale division, tuna sales spike boosts John West maker Thai Union
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NewsCity snapshot: Ocado sales surge 40% during coronavirus lockdown
Ocado’s retail sales have surged by more than 40% in the coronavirus lockdown period after ramping up capacity during the crisis. Plus, McColl’s CFO quites for Holland & Barrett role and all the rest of the latest news from the City.
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NewsFood & drink leaders and unions praise companies offering full pay for self-isolating staff
Measures recommended include ensuring effective and regular cleaning and disinfecting of factories
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NewsWaitrose opens new CFC to double online orders in London
The six-acre site in Enfield is creating 370 jobs, building to 850 when at full capacity
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NewsFood & drink SMEs among thousands to submit Bounce Back loan applications
Companies banking with NatWest were among those struggling to secure confirmation of the loans, despite the government promising a no-fuss process
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NewsHelloFresh sales soar under coronavirus lockdowns
Global meal-kit supplier Hello Fresh has recorded a surge of sales in the first three months of 2020, further boosted by the coronavirus lockdowns in many of its key markets over recent weeks.
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NewsMedia Bites 5 May: Bounce back loans, Adelie, Food deliveries
Almost 110k small firms applied for the government’s Bounce Back loan scheme on the day it opened, Adelie in talks for rescue deal and food deliveries fail vulnerable groups
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Comment & OpinionHow will coronavirus change the way we shop for groceries long-term?
This crisis has changed shopper behaviour drastically – changes that could be here to stay, says Matt Lee, MD at Capture
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NewsOnline supermarket deliveries increase lunchtime share, Channel Pulse survey shows
Consumers are also expecting to make greater use of takeaway and delivery options
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NewsMisty Reich joins Gousto board to advise on workforce growth
The appointment follows a £33m fundraising round at Gousto to fuel its rapid expansion