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Lockdown delivers 3% sales boost to Spar owner BWG Brexit had ‘minimal impact’, South Africa-owned operator of franchise in Ireland says about 3 hours ago A SPAR outlet, which is part of food group BWG. Previous Image
BWG Foods, the owner in Ireland of Spar and Mace, boosted group sales by more than 3 per cent to €874 million in the six months to the end of March. This was in spite of its hospitality supply business being badly affected by lockdown, which also caused a surge in neighbourhood convenience stores. Operating profits rose by 27 per cent to €36 million at the business, which includes 1,400 owned and franchised stores and which also owns the Mace, Eurospar, Londis and XL brands, as well the Appleby Westward convenience store business in the southwest of England. ....
VHI faces illegal state aid investigation in Brussels Seen & Heard: FBD paying publicans, Brexit supply gaps and Facebook lobbies Varadkar Sun, Jan 10, 2021, 13:39 European Commission is investigating a complaint that Ireland gives illegal state aid to health insurer, VHI.
The European Commission is investigating a complaint that Ireland gives illegal state aid to health insurer, VHI, writes the Sunday Times. The VHI is the main beneficiary of the €760 million subsidy risk equalisation scheme that compensates insurers with a disproportionately large share of older and sicker customers. Insurer FBD has started making redress payments to publicans it acknowledges were misled by representations the company made to them at the start of the Covid-19 pandemic, the Business Post reports. A ruling in a test case on the lengthy battle between the insurer and publicans over the terms of business interruption cover is due this week but might be delayed. ....