All Finance articles – Page 328
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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.
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NewsTesco investors vote down exec pay policy that gave CEO £6.4m package
Tesco shareholders have voted against its executive pay policies that saw the supermarket give CEO Dave Lewis a £6.4m pay package
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NewsCallaly smashes first crowdfunding campaign to drive international expansion
During the coronavirus pandemic Callaly has reported ‘positive growth’, with new UK subscribers rising over 160% between March and May
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NewsMedia Bites 26 Jun: Rent payments, Pret a Manger, Intu
Retailers pay less than 15% of the rents owed, Pret warns it is in the “eye of the storm” and shopping centre owner Intu is likely to call in administrators
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NewsCity snapshot: Online sales surge boosts Tesco’s first quarter
Tesco has reported first-quarter UK like for like sales growth of 8.7%, including a forecast £2bn rise in online sales which have nearly doubled since the COVID crisis began.
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NewsPremier Foods shares surge to six-year high on strong branded growth
Premier Foods shares jumped to a six-year high this week, as the surge in sales during lockdown looks set to drive its performance this year beyond City expectations.
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Comment & OpinionA global pandemic is the wrong time for tough US tariffs
The industry is already contending with Brexit, Covid-19 and an impending recession. Now the US wants to remind us things could get worse
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NewsHome workouts hurt sports nutrition sales
But while supermarket sales are under strain, brands have reported an uplift in DTC purchases
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NewsMedia Bites 25 Jun: Tariffs, John Lewis, Waitrose
Trump reignites trade war with Europe, John Lewis names Coop Pippa Wicks as new boss and Waitorse chief Bailey warnes on lower food standards
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NewsCity snapshot: Young’s taps investors for £88m ahead of pub reopenings
Pub group Young’s has raised over £88m from its investors via a share placing to boost its balance sheet ahead of the reopening of its pub estate and “pursue opportunistic acquisitions”. Plus trading updates from Science in Sport, Gusbourne and all the rest of the latest news from the City.
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NewsMoy Park expects to recover ‘good portion’ of coronavirus financial impact
The business implemented a ‘broad range of actions’ to mitigate the effect of the virus and expects its results to ‘not be significantly impacted’
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NewsJohn Lewis poaches Co-op deputy CEO for executive director role
Pippa Wicks will fill the final seat on the new seven-person executive board at JLP
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NewsMedia Bites 24 June: Rent payments, Grocery sales, Amazon/Deliveroo
Landlords are bracing to receive around 20% of the quarterly rents they are owed, convenience stores win lockdown sales and the CMA is set to clear Amazon’s acquisition of Deliveroo
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NewsPremier Foods sales and profits rise in year of ‘considerable progress’
Premier Foods’ annual sales and trading profits rose last year after strong trading during the coronavirus crisis built on ‘substantial progress’ during the period.
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Comment & OpinionWho will win and lose as a result of Tesco’s new price war?
There is no shielding the supply chain from the economic impact of the crisis
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NewsNisa recruits 242 new stores in first half of 2020
The 242 additional stores include 37 sites secured with forecourt retailer Ascona Group in May
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NewsOne-metre social distancing and pubs & restaurants to open: industry reacts
Hairdressers, hotels, campsites, outdoor gyms, theme parks and libraries are also allowed to reopen from 4 July
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NewsCity snapshot: Grocery sales boosted by online and convenience
British take-home grocery sales surged by 18.9% over the past four weeks as shopper habits remained “a world away” from usual expectations