Ocado shares slide on plans to raise £1bn amid coronavirus online boom June 11, 2020 Ocado shares fell this morning after the announcement that it plans to raise £1bn to help it capitalise on the online grocery market boom triggered by the coronavirus crisis. The British online supermarket and technology group said yesterday that it would raise about £657m through an equity placing and retail offer, and about £350m through [...]
Ocado to raise £1 billion to match demand from Covid-19 crisis June 10, 2020 Ocado, the British online supermarket and technology group, plans to raise 1 billion pounds, giving it more firepower to capitalise on the rapid growth of the online grocery market triggered by the coronavirus crisis. The group said on Wednesday it would raise about 657 million pounds through an equity placing and retail offer and about [...]
Morrisons extends faster payment scheme for small suppliers June 8, 2020 Morrisons will continue to make immediate payments to its smaller suppliers for a further three months to support them during the ongoing coronavirus crisis, the grocer announced this morning. The UK’s fourth largest supermarket chain introduced the faster payment scheme in March to help small farms and food producers hit by the closure of the [...]
Supermarket delivery slots: Which grocers offer home delivery amid UK coronavirus outbreak? June 3, 2020 UK supermarkets are racing to increase capacity as the demand for home delivery services soars amid the coronavirus pandemic. All UK supermarkets are prioritising home delivery slots for those who are vulnerable, elderly, disabled or self-isolating. Many have introduced special in-store shopping hours dedicated to key workers. The surge in demand following the coronavirus outbreak [...]
UK grocery sales surge at record level after two months of lockdown May 27, 2020 UK grocery sales rose 14.3 per cent during the 12 weeks to 17 May, the fastest rate since comparable records began in 1994, as Britons adapted to the national lockdown, data from market researcher Kantar showed today. The UK has been in lockdown since 23 March though restrictions are being gradually eased. Of Britain’s big [...]
McDonald’s reveals which drive-thru restaurants have reopened today May 20, 2020 McDonald’s has revealed which restaurants have reopened today as the fast food giant aims to be operating all drive-thru sites by early June. The company said it has a total of 33 UK restaurants open for drive-thru orders from today, with some also offering a delivery service. A further five UK sites are open for [...]
FTSE 100 breaks 6,000 barrier as vaccine hopes and Fed pledge boost markets May 18, 2020 The FTSE 100 broke through the 6,000-point milestone in a positive start to the week’s trading today, buoyed by hopes of a vaccine and more Federal Reserve stimulus. Easing lockdowns and lower infection rates in Europe infection hotspots Italy, the UK and Spain also boosted London’s blue-chip index. The FTSE 100 closed 4.5 per cent [...]
Aldi launches grocery delivery trial with Deliveroo May 18, 2020 Budget supermarket Aldi has announced that it will launch its first grocery delivery service today in partnership with Deliveroo. The retailer will trial a rapid delivery service from a store in Nottingham before extending the service to a further seven East Midlands stores next month. The German grocer said it could roll the service out [...]
Deliveroo launches in-app fundraising tool for free NHS meals May 12, 2020 Deliveroo today announced the launch of a new in-app fundraising tool allowing users to donate meals to NHS workers. From this week customers will be able to either round up their bill to the nearest pound or add an additional tip at checkout on the Deliveroo app. These funds will go towards the cost of [...]
Morrisons retail sales surge in lockdown but fuel demand drops May 12, 2020 Morrisons retail sales jumped in the first quarter of the year due to coronavirus stockpiling, however a drop in demand for fuel hurt overall sales. Like-for-like retail sales jumped 5.1 per cent in the 14 weeks to 10 May, driven by a 10.8 per cent surge in sales between weeks 12 and 14 of the [...]