Finance news – Page 108
-
NewsMedia Bites 6 July: Tesco/Mars, Sainsbury’s, M&S
Mars Petcare, the owner of the pet food brands Whiskas, Pedigree and Cesar, has halted supplies to Tesco in the latest dispute over price rises
-
NewsCity snapshot: Just Eat Takeaway partners with Amazon in the US to boost ailing Grubhub service
The commercial agreement, which starts today, gives Amazon a 2% stake in Grubhub and follows pressure from investors to find a partner for the struggling US service.
-
NewsCity snapshot: Sainsbury’s sales slide amid ‘intensifying pressure’ on household budgets
Sainsbury’s sales fell back in its first quarter as both grocery and general merchandise sales fell as it warned of “intensifying pressure” on household budgets. Plus, new CFO for B&M and trading updates from Chapel Down and Surpreme.
-
NewsMedia Bites 5 July: Kellogg’s, Pret a Manger, BrewDog
News of Kellogg’s defeat in the High Court over new UK government HFSS regulations garners plenty of coverage today, along with the latest financial results from Pret.
-
NewsBowl Grabber secures six-figure funding to disrupt wine category
The start-up offers wine across multiple formats – bottles, cans and bag-in-box – and has grown sales to £500k in its first year, with retail listings at Ocado and Amazon.
-
NewsMedia Bites 4 July: Boparan/Slim Chickens, Sainsbury’s, Pubs
Ranjit Boparan will today open four restaurants under the Slim Chickens brand and plans to be operating 350 restaurants in Britain under the US brand in the next few years
-
NewsCity snapshot: Pret a Manger back in the black as sales recovery continues
Pret a Manger has returned to profitability thanks to a strong recovery in revenues as the food-to-go sector continued its revival following the end of Covid restrictions.
-
NewsCity News: B&M shares fail to be boosted by solid first quarter
B&M European Value Retail shares failed to receive much of a boost despite better-than-expected first-quarter sales, as fears persisted over the impact of inflation on its customer base
-
NewsHappy Egg Co owner Noble Foods reports £30m loss as egg sales ‘soften’
Results posted at Companies House for Noble’s main shell egg business revealed year-on-year turnover dropped by 9.5% to £282.7m
-
NewsCity snapshot: European fmcg prices jump 6.9% amid soaring inflation
Fast moving consumer goods prices have increased 6.9% year-on-year across Europe, with fmcg inflation in the UK even higher at 7.5%
-
NewsMedia Bites 1 July: inflation, Tesco/Heinz, Unilever, Boots
The coffee maker Lavazza has said it is in talks with retailers about how to manage its soaring costs as almost a third of UK businesses warn they expect to increase the price of goods or services they sell next month.
-
NewsBoots transformation plan gathers momentum as shoppers return to stores
Boots has continued its post-pandemic recovery as sales growth accelerated and a transformation programme progressed in the third quarter, owner Walgreens Boots Alliance revealed today.
-
NewsMy Expert Midwife plans expansion with VC backing
The brand’s portfolio of 19 specialist products is made using natural ingredients and designed to help women prepare and recover during pregnancy, birth and early parenthood.
-
NewsMedia Bites 30 June: National Lottery, Tesco/Heinz, Morrisons, Unilever
Outgoing UK National Lottery operator Camelot has lost its legal bid to stop the handover of a new licence to rival Allwyn, in effect ending the group’s hopes of having the decision overturned.
-
NewsCity snapshot: Ocado extends partnership with France’s Groupe Casino
Ocado has agreed to extend its partnership with French hypermarket giant Groupe Casino, including the creation of a logistics-based joint venture for other retailers.
-
NewsMorrisons sales slump amid ‘very challenging’ trading environment
An update to investors for the 13 weeks ended 1 May revealed a 6.4% decline in like-for-like sales in the second quarter
-
NewsCity snapshot: Food inflation ramps up in June as fresh prices accelerate
Food prices have raced to a new 11-year high, according to the latest shop price index from the BRC and NielsenIQ. Plus, McBride secure banking covenant waiver as it continues to battle with soaring costs; B&M issues first-quarter update; and Moonpig reveals full-year results.
-
NewsMedia Bites 29 June: Boots, National Lottery, Diageo
Walgreens Boots Alliance has abandoned the sale process for the Boots chain in the UK after upheaval in credit markets
-
NewsHolland & Barrett sees UK sales drop £10m as Covid effects continue
Pre-tax profits jumped from £5.7m to £43.6m as the group consolidated online revenues
-
NewsBoots owner pulls the plug on £5.5bn auction for the UK chain
The owner of Boots has abandoned its attempts to sell the UK chemist chain after failing to find a buyer willing to meet its price expectations.