All Finance articles – Page 341
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Analysis & FeaturesAre supermarkets doing enough to keep the prices of groceries down?
Amid soaring demand, supermarkets have been careful not to increase prices, but with promos axed to stabilise supply the effect is inflationary
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NewsCity snapshot: Nestlé sales fall as coronavirus hits Chinese trade
Nestlé has reported a 6.2% sales drop in the first quarter of 2020, as stockpiling in the US and Europe failed to offset a slump in the Chinese market
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NewsMedia Bites 24 April: Unilever, Just Eat Takeaway, Pret
A slump in ice cream sales has prompted Unilever to scrap its growth targets for the year, despite the pandemic bringing people flocking to its trusted hygiene and food brands.
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NewsCoronavirus measures could hike price of salad, warns Florette
The brand is facing increased transportation costs from the Continent due to the coronavirus crisis
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NewsEaster chocolate sales plummet as Brits buy more meat and booze
Locked-down Brits spent £55.3m less on Easter chocolate and confectionery this year
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NewsUnilever sales fall flat amid ‘unprecedented impact’ of Coronavirus outbreak
Unilever’s underlying sales growth was flat in the first quarter amid a significant hit to its emerging markets business and sales of ice cream due to the coronavirus outbreak.
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NewsMedia Bites 23 April: John Lewis, Fever-Tree, Heineken
John Lewis has furlough 14k employed as sales dropped, Unilever warned of “lasting change” in consumer behaviour and FeverTree sales held us with customers treating themselves to home drinking
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Comment & OpinionAbsenteeism panic is over, but now food producers face a PPE problem
The Health & Safety Executive is already urging food companies to ration the use of PPE
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NewsFmcg brands worry government furlough scheme delays will hit cashflow
The government has said money will take six days to reach firms, but many are sceptical
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NewsCashback app GreenJinn kicks off funding push to roll out online shop function
The coupons cashback startup is looking to raise £3m to expand its service, developing an integrated online shop function within the app
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NewsCoffee supplies under strain as producing countries face coronavirus disruption
The pressures are particularly acute in South America, from where the UK imports more than half its coffee.
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NewsCity snapshot: FeverTree annual sales rise 10% but coronavirus impact will be ‘material’
FeverTree annual revenues surged but the company expects “material impact” from the coronavirus pandemic. Plus, Glanbia’s 2020 sales rise but it withdraws full year guidance and all the rest of the latest news from the City.
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NewsMedia Bites 22 April: John Lewis/Waitrose, Coca-Cola, ABF/Primark
The former bosses of John Lewis and Waitrose are being given payoffs of almost £1m each despite store closures and the furloughing of 14,000 staff.
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NewsHuel rival YFood secures multimillion investment to expand across Europe
The German-based business will use the funds to roll out its model, already profitable in Germany, Austria and Switzerland, across Europe
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NewsTonic Health closes six-figure funding round as coronavirus boosts sales
The business experienced “incredible growth” this year as consumers started to understand the importance of the immune system
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NewsFood suppliers fear factories could be ‘paralysed’ by face mask recommendation
Companies say a global shortage of the equipment would make it impossible for workplaces to remain open if the advice is changed
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NewsWaitrose sees 8% sales hike as John Lewis faces slump
Chairman Sharon White is take a 20% pay cut on her £990,000 annual salary
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NewsMedia Bites 21 April: Premier Foods, Insurance, Shopper habits
Premier Foods sales surge amid coronavirus outbreak, insurers start protection talks with the government, IRI figures show changing shopper habits
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NewsABF takes £284m coronavirus stock writedown but grocery shows strong profit growth
Associated British Foods has posted a significant fall in first half profits as it was forced to take a £284m writedown on Primark stock, but the rest of its business continues to perform despite the pandemic. Plus, Danone shows solid Q1 growth but withdraws full year guidance and all the rest of the latest news from the City.
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Analysis & FeaturesWhat’s it like getting a government-backed loan?
Q Catering Supplies faced disaster before securing a £500k lifeline