All Finance articles – Page 336
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NewsCoronavirus: Challenger brands warn of further sales slump amid social distancing rules
Challenger brands are bracing for a further retail sales slump as social distancing rules implemented in supermarkets have focused shoppers on well-known brands
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NewsPolicy U-turn in Wales hits supermarkets with £80m business rates bills
The Welsh government changed its mind on replicating Chancellor Rishi Sunak’s plans
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Comment & OpinionNimble SMEs are showing their worth, but not all of them will survive
It’s one thing for a supplier to pivot from, say, in-store to online. An evolution from on-trade to off-trade is something else entirely
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NewsFoodservice wholesalers sell direct to consumers through new website
Foodservice Online is one of the FWD’s service provider members
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NewsMcColl’s links with Deliveroo to offer first home deliveries
Source: Deliveroo A range of essential items will initially be delivered from 120 McColl’s stores The range will include food and drink, toiletries, cleaning products, beer, wine and magazines All deliveries will be contact-free to ensure the safety of customers ...
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NewsCity snapshot: WH Smith to tap investors for cash as coronavirus crisis escalates
WH Smith secured new lending facilities of up to £120m to strengthen its balance sheet during the coronavirus crisis while it prepares to raise extra cash via equity raise
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NewsMedia Bites 6 April: Rates relief, Tesco, High Street
Rivals retailers are demanding that supermarkets hand back £3bn business rates relief.
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NewsNew data shows shoppers still ‘frequently’ visiting grocery stores
12% of all shoppers said their primary motive for visiting a shop was to ‘stock up for the longer term’
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Comment & OpinionSupport, don’t sacrifice, UK food & drink startups in these unprecedented times
Entrepreneurial, nimble brands can move quickly and have stock to keep shelves full in any supermarket within days
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NewsGreencore and Bakkavor’s food to go businesses savaged by coronavirus outbreak
While the supermarkets have experienced unprecedented levels of demand and sales growth in the midst of the coronavirus outbreak, the demand mechanics for two key listed grocery suppliers have been rather more mixed.
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NewsNestlé Purina to run £100m Lily’s Kitchen at arms length to ‘preserve premium credentials’
Premium petfood brand Lily’s Kitchen will continue to be run separately from global giant Nestlé Purina to “preserve [its] premium credentials” after being snapped up in a deal thought to be worth over £100m.
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NewsSMEs welcome government loan scheme revamp but warn of unanswered issues
Food & drink SMEs have welcomed the revamp to the government emergency loan scheme, but warned there remain issues to be ironed out
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Comment & OpinionYou can’t mothball a cow, rescue packages are needed for great swathes of the industry
If HMG doesn’t thrash out a rescue package for great swathes of the food and drink sector caught up in this - if it doesn’t find bespoke solutions - many more will go under
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NewsCoronavirus: Challenger brands launch website to offset sales collapse
Andrew Allen, Snaffling Pig co-founder and Biff’s partner, started the list of small suppliers last week
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NewsMedia Bites 3 April: Morrisons, GDPR rules, High Street
Morrisons has rewarded its staff working under the extreme conditions caused by the coronavirus outbreak by trebling their bonuses.
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NewsCity snapshot: Chancellor revamps coronavirus emergency loans programme
The Chancellor Rishi Sunak has announced a revamp of the government’s emergency loan measures to struggling SMEs by relaxing the criteria for eligible businesses and raising the limit on the size of companies that can apply. Plus, ABF leadership take pay cuts and all the rest of the latest news from the City.
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NewsStartups still reporting cash raises despite coronavirus
Nix & Kix, Big Drop Brewing and Different Dog are among recent success stories
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NewsCoronavirus: Young Foodies urges PM to step up support for challenger brands
Young Foodies has sent an open letter to Prime Minister Boris Johnson urging the government to increase support for challenger brands or risk losing a “vital part of the food & drink industry”
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Analysis & FeaturesThe great foodservice diversion: can companies repurpose fast enough?
A once-secure sector is now in a desperate struggle for survival
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Comment & OpinionWe mustn’t let politics get in the way of staff safety or production
Strong leadership is needed from government, as well as businesses and union leaders