All Finance articles – Page 5
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NewsCity snapshot: Domino’s reports sales surge during coronavirus crisis
Domino’s Pizza Group has reported a jump in UK sales in recent weeks as consumers order more takeaway deliveries during the coronavirus-driven social lockdown. Plus, annual results from Applegreen, coronavirus trading updates from Coca-Cola HBC, Finsbury Food Group, Total Produce and all the rest of the latest news from the City.
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News
Media Bites 27 March: Supermarkets/coronavirus, Farmers, Wholesalers
UK supermarkets reassure they will be able to cope with increased demand, Ocado chairman Rose urges shoppers to show restraint while farmers struggle with seasonal labour access
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News
FSA and Defra issue new coronavirus guidance for food businesses
The advice covers a range of areas, such as hygiene practice, managing employee sickness and social distancing
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News
Energy drink startup Füd rejects Dragons’ Den cash in favour of crowdfunding raise
The company walked away from a £50k cash investment secured in the Den to raise double that amount on Seedrs
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News
Emma Hynes to return to Greencore in role of chief financial officer
Hynes spent more than 11 years with Greencore
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News
Food industry calls on government ‘War Room’ to encourage food makers to return to work
The Grocer understands about 20% of factory workers for one major supplier are currently opting to stay at home
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News
Greengrocer Reynolds reports 95% drop in business
The pandemic has seen its foodservice and out-of-home customers shut down their operations
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News
Closed retailers pressure shopping centres to shut too, threatening supermarket stores
Shops ordered to close by Boris Johnson are refusing to pay shopping centre service charges
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City snapshot: Intu misses out on rents as shopping centres shut
Intu received barely 29% of rents due on its UK properties as most retailers turned down the shutters due to the coronavirus pandemic. Plus, Casino posts annual profits growth, UK retail sales slow in February and all the rest of the latest news from the City.
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News
Media Bites 26 March: Supermarkets/coronavirus, Retail rents, SSP Group
Britain’s supermarkets have admitted they cannot cope with the sharp increase in demand for online food ordering and said customers who are able to will have to keep shopping in stores.
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News
Coronavirus: EISA calls for tax relief threshold increase to boost investment in SMEs
The Enterprise Investment Scheme Association is urging the government to ramp up tax benefits for investors in SMEs
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Comment & Opinion
Treasury measures are a positive start but more needs to be done to protect SMEs
Perhaps most concerning is that, so far, the available help only comes in the form of debt
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News
Coronavirus: produce sector warns of May labour ‘crunch point’
The news comes despite 8,000 applications from British workers in recent days
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News
Asda and Tesco become latest retailers to limit customer numbers in stores
Asda said it would be placing colleagues at the front of stores to “limit the number of customers” coming in
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Sainsbury’s moves to immediate supplier payments
The supermarket said support would also be available to suppliers in financial distress as a result of the ongoing uncertainty
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City snapshot: SSP braces for £135m coronavirus revenue hit
As travel halts across Europe and Asia, SSP Group expects group revenues to fall between £125m and £135m
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News
Media Bites 25 March: UK supermarkets, Pharmacies, Retail sector
Supermarkets start introducing measures to protect customers and staff, pharmacies urge shoppers to only buy what needed while the coronavirus outbreak batters an already weakened retail sector
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News
Specialist pate makers Patchwork and Pyman to merge
North Wales-based Patchwork Pates and Devon-based Pyman Pates are to merge to scale up and meet demand for premium British pates and meat-free alternatives.
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Comment & Opinion
A message of support to all our readers, customers, partners and friends in the UK food and drink sector
In these harrowing times, the industry is working together in every sense
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News
Coronavirus: DTC meal kit businesses report record demand
DTC recipe kit providers have been forced to turn down new customers as they grapple with ‘unprecedented’ levels of demand
