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Weekly Roundup... 05 May, 2020

Published on May 5 2020 10:15 AM

Weekly Roundup... 05 May, 2020

McDonald's has issued a statement from its UK and Ireland CEO, Paul Pomroy, that provides an update about the status of the fast food chain's operations in Ireland and the UK as the COVID-19 crisis continues, reports Reuters. Pomroy stated, "In March, we took the decision to temporarily close our restaurants in the UK and Ireland for the safety of our people and customers. Recently, we began working through a potential and limited reopening. We have been listening to our employees and customers as well as engaging with government and trade bodies to help ensure we do this responsibly, when the time is right.

Londis Ireland has come up with a novel way to help keep your children entertained and active during the Covid-19 lockdown. The Londis Little Baker book has been created with easy-to-make children’s recipes that are fun for all the family to enjoy. The special recipes have been specially created by Irish Chefs Derry Clarke and Tastes Like Home’s Catherine Fulvio and the printable pdf is available on londis.ie and on Londis Ireland’s social media platforms. Customers are also encouraged to share pictures of their Little Bakers creations on Londis Ireland’s social media to be in with a chance of winning a Smyth’s voucher.

British food ingredients maker Tate & Lyle on Monday said demand for its sugars and syrups used by restaurants, cinemas and other public facilities fell in April as thousands of businesses remained closed by coronavirus lockdowns, reports Reuters. The company said 'bulk sweetener' volume was 26% lower, but demand for ingredients used in packaged food was higher as consumers stocked up on items during the pandemic. Volume for its industrial starch also fell 9%

Corona beer maker Constellation Brands Inc's subsidiary has exercised warrants to buy shares of Canopy Growth Corp, increasing its stake to 38.6% in the Canadian marijuana producer. US-listed shares of Canopy were up nearly 13% in extended trading, reports Reuters. The warrants, which were originally issued on 2 November 2017, were exercised at C$12.9783 per common share for a total of about C$245 million ($174 million), the companies said.

Below-average rainfall in Ivory Coast last week has raised fears of a cocoa supply shortage in the coming months and a weak end to the April-to-September mid-crop, farmers have said. The world’s top cocoa producer relies on regular downpours during the rainy season from mid-March to late October. However, farmers said that a lack of rain could hamper crop development in August and September.

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