All Finance articles – Page 7
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NewsYo Sushi reports blow to supermarket sales as well as restaurants
Yo Sushi’s supermarket push has been hit by the pandemic in a further blow for the retailer, whose restaurant arm has undergone a CVA.
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News
Marigold slides into red after fire but lockdown cooking demand provides boost
The business was hit with exceptional costs of £1.3m related to the fire, including redundancy payouts for more than 100 staff, and saw stock worth £2m destroyed.
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Berczy wins funds to strengthen supply chain
The brand said it would use the cash to “strengthen its supply chain to scale”
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Proper joins forces with Eat Real in new Exponent healthier snacking play
A new company to combine Proper with its Eat Real brand will be created by Exponent under a new joint CEO
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City snapshot: Retail sales suffers worst year on record after Christmas falls flat
The UK retail sector has suffered its worst year on record after a Christmas sales rise of 0.4% failed to meet expectations, according to the Office of National Statistics. Plus, The John Lewis Partnership upgrades profit expectations and pays back £300m government aid and all the rest of the latest news from the City
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News
Media Bites 22 Jan: EG Group, Border disruption, Pets at Home
EG Group, the UK petrol stations company whose billionaire owners are buying Asda, is bringing in retail veteran Stuart Rose to improve governance after its auditors resigned over the matter last year ( The Financial Times £ ). A former boss of Marks Spencer has ...
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City Snapshot: EG Group names former M&S CEO Lord Rose as chairman
Future Asda owner EG Group has appointed former M&S CEO and current Ocado chairman Lord Stuart Rose as non-executive chairman with immediate effect
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News
Media Bites 21 January: Unilever, Co-op, P&S, WH Smith
The papers are packed with reports of President Joe Biden’s inauguration, but find room for stories about Unilever’s living wage plan, a rise in abuse for supermarket workers and latest results from P&G and WH Smith.
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F&B deals sink to 11-year low as coronavirus pandemic hits industry
Despite encouraging signs of recovery in the final months of the year, M&A volumes slumped 40% to 58 transactions in 2020, the report by corporate finance house Oghma Partners showed.
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Parsley Box secures £5m to ramp up DTC growth
Parsley Box is backed by VC firm Mobeus Equity Partners, which invested £4.6m in the business in 2019. The Edinburgh-headquartered business prepares ambient ready meals for the baby boomer demographic.
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City snapshot: WH Smith reports surprise Christmas boost
WH Smith has performed better than expected over Christmas as its high street stores operated at close to 2019 levels despite the ongoing Covid restrictions. Plus, Wincanton upgrades profit forecasts as shoppers turn online. And, inflation rises to 0.6% for December.
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Media Bites 20 Jan: Deliveroo, Premier Foods, Food imports
Food delivery giant Deliveroo has reportedly picked London for its hotly anticipated stock market float this year as Next’s chief executive Simon Wolfson joins the board.
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Lindt sales slump as Covid lockdown hits Christmas trading
Group revenues slumped 6.1% to CHF 4bn (£3.3bn) in 2020 as a result of lockdown restrictions across the world and a fall in out-of-home consumption. The fall was in line with guidance the Swiss chocolatier gave at the half year, with expected declines between -5% and -7%.
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Comment & Opinion
With an IPO in the offing, what will Deliveroo do next?
Analysts predict an expansion of its dark kitchens offering, and on-demand grocery, is on the cards
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Tribal Sports Nutrition secures £420k in crowdfunding campaign
Challenger nutrition brand Tribal Sports Nutrition has raised more £420k from the crowd to bring new products to market and raise brand awareness.
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City snapshot: Premier Foods profits jump as branded sales continue to surge
Premier Foods has upgraded its full year profit expectations as consumer demand for its branded goods continues to boom. Plus, Hotel Chocolat posts double-digit Christmas growth despite COVID and all the rest of the latest news from the City.
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Media Bites 19 January: Covid, prompt payment, Danone
Supermarkets face increased inspections from local councils to make sure they are Covid-19 secure amid a push from the government to clamp down further on coronavirus transmission.
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Mission Ventures fund backs Jim Jams with £200k investment
Mission Ventures’ Good Food Fund has backed spreads start-up Jim Jams with a £200,000 investment to help scale the business.
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CleanCo raises glass to £7m investment as nolo category booms
It takes the total investment secured by the company founded by Made in Chelsea star Spencer Matthews to £9.1m since it launched in 2019.
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City snapshot: Deliveroo valuation surges to $7bn as it eyes IPO
Food delivery service Deliveroo has raised more than $180m (£133m) from its existing backers as it prepares for a potential stock market flotation.
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