Helen Dickinson news, features and comment – Page 20
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NewsCity snapshot: Ocado first half retail sales top £1bn but pre-exceptional losses mount
Ocado has posted first half retail sales growth of 27.2% amid “unprecedented and sustained demand”, but its pre-exceptional losses rose by 64% to almost £80m amid mounting costs. Plus, Fever-Tree buys German distributor and updates on sales, McBride guides to better second half than expected and all the rest of the latest news from the City.
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NewsUK footfall recovery remains sluggish despite lockdown easing
UK footfall recovered slightly in the third week of shops reopening in England and Northern Ireland, but were still down almost 50% year on year
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NewsCity snapshot: Sainsbury’s sales jump but coronavirus profit hit to exceed £500m
Sainsbury’s has reported a double digit grocery sales increase in the first quarter of the year, but warned it expects a profit hit of more than £500m from the coronavirus crisis. Plus, SSP Group plans to cut 5,000 jobs, B&M continues strong COVID trading and all the rest of the latest news from the City.
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Analysis & FeaturesWhat’s in the government’s code of practice for landlords and business tenants?
New arrangements described in the code match what retailers have pushing for in negotiations with landlords
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NewsOne-metre social distancing and pubs & restaurants to open: industry reacts
Hairdressers, hotels, campsites, outdoor gyms, theme parks and libraries are also allowed to reopen from 4 July
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NewsUK retail footfall sees soft rebound in first week of reopening
New data from the BRC-Shoppertrack footfall monitor covering the week to June 21 showed footfall was down 57.2% year on year
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NewsGovernment extends protections for business tenants until 30 September
The Ministry of Housing, Communities & Local Government has also announced further details of a new ’code of practice’
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NewsCity snapshot: Retail sales partly rebound in May
UK retail sales have partly rebounded in May, rising 12% compared to the record decline experienced the prior month
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NewsCity snapshot: May Footfall slumps ahead of lockdown ease
UK retail footfall in May dropped over 80%, a shallower decline than April as more shops were allowed to reopen
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NewsCity snapshot: BAT lowers guidance despite ‘resilient’ lockdown performance
British American Tobacco has reported a resilient performance despite the effects of the coronavirus outbreak, with “strong” trading in developed markets
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NewsQuarter of supermarket staff have experienced abuse during coronavirus outbreak
The research, which included Tesco, Sainsbury’s, Asda, Morrisons, Lidl and Aldi stores found that experience of abuse was prevalent across all of the retailers surveyed
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NewsCoronavirus: rent code of practice to be introduced for landlords and retailers
The new code is being developed with industry bodies on either side of the talks and would give “clarity and reassurance t…
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NewsMedia Bites 27 May: Adelie, JAB/JDE, High Street
Food-to-go manufacturer Adelie calls in administrators, JAB eyes €16bn valuation for coffee business JDE and high street retailers prepare to reopen in mid June
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NewsUK reveals post-Brexit tariff regime
The price of food imported from Europe will rise sharply under the regime if the government fails to reach a post-Brexit trade deal
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NewsCity snapshot: Lockdown wipes almost all April footfall
UK streets were left silent in April under the government-imposed lockdown to prevent the spread of coronavirus
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NewsCity snapshot: Stock Spirits reports ‘minimal’ impact from coronavirus pandemic
Stock Spirits said trading remained resilient after reporting a 15% increase in first half revenues. Plus, UK retail sales dropped almost 20% in April, Applegreen enhances liquidity position and all the rest of the latest news from the City.
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Analysis & FeaturesFood and drink industry players react to Boris Johnson’s lockdown easing announcement
The PM urged manufacturing staff who had stayed at home to return to work from today, though to avoid pubic transport if possible
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NewsRetailers and landlords warn of business collapse without rent support
The British Retail Consortium and British Property Federation have renewed their appeal for the government to pay some of the rent due in lockdown
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NewsCity snapshot: Retail footfall suffers sharpest drop ever as shops shut
Last months figures showed the number of visits to shops plunged 80%, almost double the 41.3% reduction experienced in March
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NewsStores should re-open based on risk, not size, says BRC
In an open letter in The Times, the consortium criticised reported plans for small shops to be the first to reopen