All Finance articles – Page 343
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NewsMedia Bites 15 April: IMF, Small businesses, Coffee
The IMF warns of deep financial crisis, UK small businesses struggle to access support and coffee beans prices rise as consumers stockpile
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NewsCity snapshot: Carr’s Group reports ‘resilient performance’ with no material coronavirus impact
Agriculture and engineering group Carr’s (CARR) has reported a ‘resilient performance’ in the first half of its financial year and reassured the market the current coronavirus crisis has not had a material impact on its trading.
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NewsOrnua enjoys strong 2019 but warns of coronavirus impact on business
Ornua said the coronavirus crisis would negatively impact its business and ’severely impact market sentiment’
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NewsGrowing challenger brands face stock wipe-outs and cashflow shortages
Startups experiencing strong sale increases due to the coronavirus outbreak have warned stock levels risk dropping because they were ‘unprepared’ for such sudden growth
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NewsAldi and Morrisons call end to all buying restrictions
Waitrose also removed the majority of temporary buying restrictions at the weekend
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NewsCo-op’s Steve Murrells to donate salary for new members’ coronavirus fund
The fund will support food banks, funerals and frontline community causes
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NewsGenius Brewing nets major cash injection from former Molson Coors boss
It would use the investment to support digital marketing during its current ‘short-term pivot’ to e-commerce
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NewsCity snapshot: Treasury to increase loans available under government-backed scheme
The Chancellor is preparing to double the amount of interest-free cash available to larger companies hammered by the effects of the coronavirus pandemic
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NewsMedia Bites 14 April: Supermarkets/coronavirus, Government loans, Amazon
Supermarket chains suffer a sharp fall in sales over the past fortnight, government emergency aid to be retooled, Amazon on hiring spree.
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NewsRatings agency Fitch downgrades M&S to junk status
Global ratings agency Fitch has downgraded Marks & Spencer’s long-term credit rating to junk status as the coronavirus lockdown exacerbates “historical operating weakness”
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NewsInvestors heed WH Smith’s emergency cash call
WH Smith was forced to go cap in hand to its shareholders this week to raise emergency cash amid dire warnings over the impact coronavirus was having on current trading.
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Comment & OpinionSupermarket bosses must be careful not to undermine the goodwill they’ve earned
There’s growing envy, resentment and anger at the supermarkets despite the challenges and extra costs they face
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NewsGreggs raises £150m through coronavirus Bank of England finance scheme
Greggs has raised £150 through the government created Covid Corporate Financing Facility.
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NewsWholesalers urge hospitality businesses to spend grants on stock bills
Frontline hospitality businesses that are eligible will begin to receive grants of up to £25,000 via their local authorities this week
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NewsRejuvenation Water seeks crowdfunded cash after loan rejection
The healthy soft drinks startup has turned to the crowd to see the brand through the coronavirus outbreak after being denied access to a government-backed loan.
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NewsTesco pauses online project to focus on coronavirus
Tesco has mothballed a project designed to almost double its online sales
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NewsYoung Foodies launches e-commerce site for startups and SMEs
‘Mighty Small’ will be dedicated entirely to independent brands
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NewsMedia Bites 9 Apr: Tesco, Morrisons/Deliveroo, AG Barr
Tesco pressed ahead with its dividend payment despite flack, Morrisons partners with Deliveroo for 30 minutes grocery delivery and AG Barr cancels dividend
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NewsCity snapshot: Diageo suspends share buyback scheme and withdraws financial guidance
Global spirits group Diageo has suspended its £4.5bn share buyback scheme and withdrawn financial guidance for its 2020 financial year, though it will still pay an interim dividend. Elsewhere, Naked Wines and Distil see coronavirus trading boost, Supermarket Income REIT looks for cash to fund acquisitions and all the rest of the latest news from the City.
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NewsAG Barr profits fall as it warns of coronavirus impact on 2020
Irn-Bru maker AG Barr has posted a 17.3% slump in annual pre-exceptional profits and warned of a “material” impact on trading from the coronavirus outbreak.