All Finance articles – Page 327
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NewsSupermarket price inflation spikes under lockdown as retailers halt deals
The Grocer Price Index recorded year-on-year inflation of 2% during the first full month of the UK lockdown in April
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NewsHealthy snacking brand Bepps raises six-figure emergency investment
The 2018-established business was able to raise between £100k and £200k from 4 existing investors
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NewsSymington’s dips into the red after exit of licensed brands
Symington’s plunged back into the red last year, as the planned exit of its Ainsley Harriott and Golden Wonder brands hit the company’s financial performance
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NewsCity snapshot: Supermarket price inflation spikes as retailers halt deals
The Grocer Price Index recorded year-on-year inflation of 2% during the first full month of the UK lockdown in April. That’s up from 0.4% in March
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NewsMedia Bites 15 May: WH Smith, Sainsbury’s, Food Price Inflation
The closure of major transport hub stores caused sales at WH Smith’s travel arm to collapse by more than 90% in April
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NewsChinese demand for pork creates competition for UK pig market
Chinese pork imports surged by more than 150% in March on the same month last year
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NewsFears Agriculture Bill is prioritising US deal
The government won a vote against amendments that would require food imports to abide by the same standards as British production
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NewsScheff Foods shifts business focus from foodservice to retail
Scheff said it was also open to working with other manufacturers struggling to fulfil orders for retailers
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NewsMedia Bites 14 May: Tesco, Trade Credit, Alternative Meat
Tesco executives were able to enjoy a pay boost after online supermarket Ocado was removed from a group used to calculate comparative returns.
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NewsCity snapshot: WH Smith revenues plunge 85% in global lockdown period
WH Smith has said its revenues slumped by 85% year-on-year in April amid widespread coronavirus lockdowns and a collapse in air travel as the coronavirus outbreak has a “significant” impact on its business.
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Comment & OpinionFurlough scheme extension only delays day of reckoning for jobs
This gradual shift of the burden back on to business is going to be the acid test for the state of the jobs market and economy
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NewsCrowdcube reports activity resurgence as brands settle into ‘new normal’
The level of investment into businesses on Crowdcube reached £9.2m last month, up 58% on March
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NewsPoundland to reopen its 100 temporarily closed stores starting next week
Thirty-six stores will reopen from Monday 18 May with the rest to follow, the variety discounter said
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NewsGovernment agrees plan to underwrite trade credit insurance
The move is designed to keep supply chains moving during the coronavirus crisis
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NewsCity snapshot: Stock Spirits reports ‘minimal’ impact from coronavirus pandemic
Stock Spirits said trading remained resilient after reporting a 15% increase in first half revenues. Plus, UK retail sales dropped almost 20% in April, Applegreen enhances liquidity position and all the rest of the latest news from the City.
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NewsMedia Bites 13 May: Morrisons, Sainsbury’s, UK Retail
Online deliveries boost Morrisons’ first quarter sales, Sainsbury’s hand out almost £2m in bonus shares and Britain’s retailers warn of mounting risk of shop closures and job losses.
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NewsSpecialist food and drink stores see 40% sales hike in April
Online spending for eating and drinking – which includes takeaways – also saw growth of 24.6%
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Comment & OpinionThe government must take a stand on food security – or the US will do it for us
Domestic production is a prominent strand of the food security debate, with the coronavirus pandemic raising urgent questions on the resilience of our food supply chains
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NewsVegan protein powder brand Neat Nutrition turns to the crowd
The 2015-established company hit Crowdcube last week looking to raise a minimum of £125k
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NewsMorrisons to launch ‘speedy shopper’ system for food-to-go customers
Morrisons reported a 5.7% rise in group like-for-like sales in its latest quarter