All Finance articles – Page 318
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NewsPipers to take on Kettle and Tyrrells with big four expansion
The PepsiCo-owned brand – which its co-founder said over a decade ago would never be seen in Tesco – has quietly rolled into Sainsbury’s
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NewsMedia Bites 2 Jul: UK supermarkets, Covid-19 recovery committee, job losses
UK supermarkets will miss out on “super profits” as the costs of the coronavirus pandemic hit high, Tesco’s chairman is set to lead a Covid-19 recovery committee and the high street suffers hard day for job losses
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NewsCity snapshot: European Commission objections delay UK trade credit rescue package
The government’s multibillion-pound trade credit insurance rescue package is being delayed by EU state aid rules, causing a cash flow crisis for food and drink wholesalers. Plus, trading updates from ABF, DS Smith, Mitchells & Butlers and Total Produce, and the rest of the latest news from the City.
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NewsTrade credit insurance rescue package delayed by EU state aid rules
Hospitality restart threatened by EU’s delay to government trade credit insurance scheme
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NewsLosses mount at scotch whisky producer Loch Lomond Distillers
For the 12 months to September 2019, the Loch Lomond Single Malt and Glen Scotia producer generated losses of £17.1m compared with £10.1m a year ago
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NewsCity snapshot: Sainsbury’s sales jump but coronavirus profit hit to exceed £500m
Sainsbury’s has reported a double digit grocery sales increase in the first quarter of the year, but warned it expects a profit hit of more than £500m from the coronavirus crisis. Plus, SSP Group plans to cut 5,000 jobs, B&M continues strong COVID trading and all the rest of the latest news from the City.
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NewsMedia Bites 1 July: Deliveroo/Lloyds Pharmacy, Retail admins, UK economy
Plasters and paracetamol will be delivered to households within 30 minutes of being ordered in a tie-up between Lloyds Pharmacy and Deliveroo.
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NewsGood Club hits £600k crowdfunding target to roll out closed-loop packaging system
The business will use the funds for a quicker rollout of its closed-loop system, after having successfully held trials last year across 30 SKUs
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NewsTails.com launches in six more countries across Europe
It is now live in Ireland, Sweden, the Netherlands, Denmark, Belgium and Austria
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NewsCoty buys into $1bn Kim Kardiashian West beauty empire
US consumer group Coty has bought a stake in the cosmetics company of Kim Kardiashian West, valuing the business at US$1bn.
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NewsMedia Bites 30 Jun: UK agriculture, Government borrowing, Waitrose
The UK creates an independent commission to advise on post-Brexit agriculture trade policy, UK borrowing rises by further £50bn and Waitrose opens third London warehouse ahead of Ocado partnership end
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Comment & OpinionSales won’t recover until social distancing is eased – supermarkets must make a choice
The major supermarkets are reviewing their two-metre social distancing measures after the latest round of lockdown easing
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NewsAlkaline water brand Actiph sees sales and exports soar in Covid health boost
The London-based startup reported revenues up 1,000% on Amazon, 800% on Ocado and 300% in smaller online retailers
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Analysis & FeaturesThe food and drink funding challenge: how suppliers are raising cash and doing deals in the pandemic
Whether to survive, or to continue with existing plans, many suppliers have needed funding in the crisis. With investors spooked, how have they fared?
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NewsGovernment agrees to trade commission to monitor food standards
Farmers claim a trade and standards commission will help ensure the UK’s food standards are upheld post-Brexit
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NewsCity snapshot: Distil sees annual sales and profits rise ahead of coronavirus pandemic
The owner of premium drink brands - such as Blackwoods Gin and Vodka, RedLeg Spiced Rum and Blavod Black Vodka - saw sales up 2% to £2.4m in the year ended 31 March 2020
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NewsMedia Bites 29 June: Supermarket exec pay, Intu, Farmdrop
Tesco suffered one of the biggest ever shareholder revolts over executive pay, casting a shadow over a strong sales performance during the coronavirus lockdown
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NewsLandlords ‘relieved’ as retail pays 22% of rent bill
Many would have been worried the sum would be lower, according to agent Colliers
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NewsFood price inflation hits its highest level since June 2012
The highest food price inflation for eight years helped drive sales growth in the UK grocery industry back up again last month, data shows.
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NewsShopping centre giant Intu falls into administration
The owner of the Trafford Centre and Lakeside shopping centres has filed for administration after being unable to reach a refinancing deal with its lenders.