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By The Grocer2021-04-23T10:07:00+01:00
The story of Covid-19 in grocery is one of feast and famine. For the feasting, look at the massive value gains across this report. The top 100 brands are worth an extra £2.06bn in total, after locked- down shoppers packed their fridges, freezers and kitchen cupboards, with the UK’s biggest brand, Cadbury, putting on an extra £140m in sales.
As a result, this year’s rundown shows 76 brands in value growth, with 47 having grown by double digits. To underline the significance of those numbers, compare and contrast with 2019’s: 53 brands in growth, just seven by double digits.
Breakingviews
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NEW YORK/LONDON/HONG KONG/ZURICH (Reuters Breakingviews) - Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.
A Bank of America logo is pictured in the Manhattan borough of New York City, New York, U.S., January 30, 2019. REUTERS/Carlo Allegri
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FOUR LEGS GOOD. If bad debts were an animal, what would they be? Perhaps a dragon that may rear its head, or a dog that might bark. Bank of America boss Brian Moynihan picked a different analogy as he delivered the U.S. bank’s fourth-quarter earnings on Tuesday: non-performing loans during Covid-19 have, he said, been like a mouse passing through a snake. In other words, they swelled, but only a little, then eased.
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