All Finance articles – Page 8
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NewsSupermarkets introduce wave of new measures to deal with coronavirus panic buying
It comes as they try to reassure customers that there is no need to panic-buy and ensure essential supplies remain available to the most vulnerable
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Coronavirus: HMRC to fast-track applications for distillers to shift to hand sanitiser production
HMRC has pledged to fast-track applications for spirits producers to use tax-exempt alcohol to shift production to hand sanitisers and gels amid a national shortage
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Coronavirus: SMEs risk ‘falling between the cracks’ of new government measures
SMEs have urged the government to increase measures to help them survive the coronavirus outbreak
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Coronavirus cashflow squeeze ‘worse threat than Brexit’ for startups and SMEs
Food & drink SMEs have urged the industry to step up support measures as the coronavirus outbreak puts a squeeze on cashflow
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Private equity giants assembling board for £7bn Asda takeover
Three private equity funds are working with major recruitment firms to identify potential executives
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City snapshot: Morrisons expands online delivery and guarantees pay amid ‘unprecedented’ coronavirus challenge
Morrisons has pledged to expand its online delivery capacity and has guaranteed the pay of its staff amid what it called ”unprecedented challenges and uncertainty” around the coronavirus outbreak.
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Media Bites 18 March: Chancellor/Business rates, Supermarkets/Coronavirus, Compass
Rishi Sunak has announced state loan guarantees worth £330bn along with a further £20bn of financial handouts to help struggling businesses cope with the rapid spread of coronavirus, including a one-year break from business rates.
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Dr Will’s seeks £300k investment to fund condiments NPD
The natural condiments startup is looking for angel investors to back the brand’s growth
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High street retailers may be called upon to help with supermarket deliveries
Retail bosses and government have floated the idea of using the likes of Deliveroo, Just Eat, Uber Eats, Yodel, DHL and high street retailers to boost supply chain capacity
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Morrisons to expand delivery service in response to coronavirus outbreak
The move includes the launch of new food parcels to allow families to stock up in self-isolation
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Coronavirus: delivery startup Grocemania sees record sales uplift
The company reported sales of over £9,000 on Monday, up from an average of £1,200 during a normal trading day
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Coronavirus: Ocado turns away new orders as online services creak under strain
Waitrose, Sainsbury’s, Tesco and Morrisons are also struggling with high demand
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City snapshot: Compass Group issues coronavirus-driven profits warning
Global catering giant Compass Group expects the spread of the coronavirus to hits its bottom line by up to 30% and reduce profits by £225m. Plus, The British Honey Co will use excess capacity to produce alcohol sanitisers, Bakkavor completes £455m refinancing and all the rest of the latest news from the City.
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Media Bites 17 March: Asda, Supermarkets/coronavirus, ABF
Asda is moving closer to a sale after attracting bids from several private equity firms that could value the company at more than £7bn.
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Coronavirus: most supermarkets to enact restrictions to curb panic buying
Initial curbs look set to be a four-product limit on all skus
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Coronavirus: Iceland encourages store managers nationwide to dedicate hours to elderly shoppers
The move comes after the Iceland branch in the Kennedy Centre in Belfast said the store hours of 8am-9am would be set aside for the elderly from Tuesday 17 March
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Coronavirus panic buying sees scampi sales surge
Whitby Seafoods said sales of frozen scampi jumped by more than 100% last week
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Coronavirus: supermarkets hope to co-operate on store closures and food supplies
Retail leaders today repeated a call for calm after shopper stockpiling saw many shelves left bare
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Analysis & Features
Coronavirus: statements from the supermarket bosses
Supermarket bosses have penned letters to let customers know they’re keeping warehouses fully stocked, restricting bulk purchases and that they shouldn’t be buying more than they need
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City snapshot: Associated British Foods warns of impact of Primark European store closures
Associated British Foods has this morning warned the temporary closures of its Primark stores in Italy, France, Spain and Austria could cost £190m in lost sales. Plus The BRC and supermarkets issue public plea over panic buying and all the rest of the latest news from the City.
