All Finance articles – Page 334
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NewsCity snapshot: Paypoint card transactions surge during coronavirus outbreak
Paypoint has seen card transactions increase around 75% in April and May as shoppers are urged to ditch cash to prevent spreading the coronavirus
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NewsMedia Bites 28 May: Grocery market share, Retail landlords, Harrods
Tesco and Sainsbury’s have increased sales at a faster rate than discounter Aldi for the first time in a decade, as the coronavirus pandemic spurred weekly shops and more online ordering
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NewsDeloitte seeks buyer for Adelie as it falls into administration
Adelie has appointed administrator Deloitte after its business was hammered by the widespread closure of food-to-go outlets
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NewsWaitrose profits sliced in half as restructure plan takes toll
Exceptional costs of more than £30m related to redundancies at head office and store closures
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NewsCostcutter plans to keep ‘lifeline shoppers’ as results show 10% sales hike
Sales in the four months to the end of April were up 22%, excluding tobacco
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NewsScandit secures funding boost amid rising demand for ‘contactless business’ tech
Scandit technology is also used by grocery delivery drivers to ensure the right items are delivered to the correct customer
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NewsMedia Bites 27 May: Adelie, JAB/JDE, High Street
Food-to-go manufacturer Adelie calls in administrators, JAB eyes €16bn valuation for coffee business JDE and high street retailers prepare to reopen in mid June
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NewsCity snapshot: Grocery sales surge 17.2% as lockdown eases
British take-home grocery sales surged by 17.2% over the past four weeks to take 12-week grocery growth to its highest level since records began, according to Kantar. Plus, Britvic posts ‘robust’ performance despite coronavirus impact, Supermarket Income Reit creates JV to invest in Sainsbury’s supermarkets and all the rest of the latest news from the City.
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NewsDeliveroo offers restaurants and landlords advice on lease terms
Suggested outcomes include new deals in which the tenant pays a percentage of turnover to the landlord
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NewsProfiteering during coronavirus most rife in London, reports CMA
The largest price increases concern hand sanitiser, with a reported median rise of almost 400%
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NewsAldi to install traffic lights to limit number of in-store shoppers
The automatic doors only open when the lights are green
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NewsUK businesses take £30bn in financial aid since pandemic start
UK companies have claimed £30bn of lifeline cash from shareholders since mid-March, issuing equity and debt in an attempt to survive the pandemic
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NewsMedia Bites 26 May: Retail reopening, Marston’s/Carlsberg, Boparan/Carluccio’s
High street shops, department stores and shopping centres are set to reopen on June 15 in the biggest easing of the lockdown since coronavirus hit Britain, PM Boris Johnson has announced.
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NewsBoparan seals deal to buy Carluccio’s from administration and save 800 jobs
Boparan Restaurant Group, the casual dining arm of 2 Sisters owner Boparan, has agreed a deal to rescue Italian chain Carluccio’s from administration and safeguard 800 jobs.
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NewsChef seeks crowdfunded cash to launch nutritionally complete instant noodle brand
London chef Carl Clarke has launched a kickstarter campaign to fund the creation of Future Noodles, a nutritionally complete instant noodle brand.
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NewsCarlsberg UK and Marston’s agree to £780m merger of brewing arms
Carlsberg UK and Marston’s will merge their brewing arms to create a new joint venture in the UK
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NewsGreencore to reopen Atherstone food-to-go manufacturing site
CEO Patrick Coveney told The Grocer the convenience food manufacturer was preparing for a “volume comeback” in its food-to-go business
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NewsCity snapshot: Retail sales drop again to record low
UK retail sales have yet again broken another record in April, dropping almost 20% in value throughout the month.
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NewsMedia Bites 22 May: Mars/JAB, Pets at Home, Amazon/Deliveroo
Mars has sued JAB Holdings over allegations that a former executive handed the Pret a Manger owner stolen business secrets.
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NewsCoronavirus: Healthy snacking brands report record bulk sales levels
Bulk sales have partly offset the loss of all foodservice business and the marked reduction experienced in impulse snacking sales