All Finance articles – Page 312
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NewsUncertainty over trade and labour threatens UK fruit & veg supply
Grower bodies have warned the lack of clarity on post-Brexit trading and labour provision could lead to price rises and shortages
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NewsMajestic Wine to open new stores following lockdown customer surge
The retailer has unveiled plans for two new shops in Henley and Beckenham
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NewsCity snapshot: Lockdown stockpiling boosts Nestlé’s first half sales
Panic buying in March has helped Nestlé to a stronger-than-expected start to the year as consumers turned to trusted brands during the coronavirus outbreak. Plus, on the busy morning, updates from AB InBev, Danone, Compass Group, Casino and all the rest of the latest news from the City.
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NewsMedia Bites 30 July: Pizza Hut, Majestic Wine, Aldi
Pizza Hut has become the latest restaurant chain to put a financial restructuring on the menu by hiring advisers to explore the possibility of an insolvency agreement that could entail significant job losses
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NewsMondelez buoyed by home market as coronavirus hits sales
Strong demand in its North American home markets offset declines in emerging markets and Europe
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NewsWales-based foodservice supplier falls into administration
A foodservice supplier to the likes of Domino’s Pizza, Wagamama, Mitchells & Butlers and P&O Ferries has collapsed following the UK-wide shutdown of the hospitality industry during the Covid-19 outbreak.
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NewsTyson Foods enters UK & European market with foodservice focus
The $40bn US meat giant said it is also eyeing up opportunities in the retail sphere
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Analysis & FeaturesIndustry reacts as National Food Strategy report published
Here’s how industry figures have responded to the publishing of the National Food Strategy report
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NewsAldi on course to have created 4,000 jobs in 2020
The discounter said today it remained on track to hits its target of 1,200 stores by 2025, up from around 890, despite the pandemic
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NewsMedia Bites 29 July: National Food Strategy report, Reckitt, Greggs, Amazon Fresh
UK ministers should spend an additional £1bn a year on the “nutritional safety net” to combat obesity and hunger
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NewsCity snapshot: Premier Foods sales surge 22.5% in first quarter
Premier Foods has posted a 22.5% surge in first quarter sales driven by consumers flocking to its brands during the coronavirus lockdown period. Plus, food inflation holds steady at 1.5% and all the rest of the latest news from the City.
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NewsMcDonald’s global profits tumble amid lockdown hit
Profits have tumbled more than 50% at McDonald’s in the second quarter as the peak of lockdown measures took a toll on the fast-food chain.
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NewsNational Food Strategy report calls for junk food taxes and more free school meals
The first part of the strategy was launched today by Leon co-founder Henry Dimbleby
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Comment & OpinionAmazon’s Prime grocery delivery will put the squeeze on online grocers
Grocers already struggling to make online profitable won’t be helped by Amazon’s free Prime offer
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NewsGreggs targets supermarket concessions for growth post-Covid
Greggs has now reopened the vast majority of sites, including four concessions in Asda superstores
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NewsWalgreen Boots Alliance CEO Stefano Pessina to step down
Pessina will become executive chairman once a successor is found
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NewsCity snapshot: Reckitt brands clean up amid coronavirus demand spike
Sales and profits have soared at Reckitt Benckiser in the first half as hygiene-conscious consumers flocked to buy its disinfectant brands during the Covid-19 outbreak. Plus, on a busy morning trading updates from Greencore, AG Barr, Greggs and B&M and all the rest of the latest news from the City.
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NewsMedia Bites 28 July: Amazon, Walgreens Boots, Online sales tax
Amazon is to offer free grocery delivery to millions of customers in a massive expansion of the company’s Fresh food network, throwing down the gauntlet to traditional supermarkets
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NewsBidfood parent back in profit ahead of Covid-19 outbreak
Bidfood parent company BFS Group has bounced back into the black in its latest financial year, positioning the foodservice wholesaler in a stronger position ahead of the coronavirus outbreak.
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NewsFood and drink deals decline but activity still ‘surprisingly high’
UK food and drink dealmaking slumped in the second quarter, but the sector continued to see a “surprisingly high” level of activity given the economic disruption caused by the lockdown.