Finance news – Page 109
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NewsCity snapshot: Retail inflation falls to its lowest level since 2021
Shop price annual inflation eased to 0.8% in April and now stands at its lowest level since December 2021
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NewsMedia Bites 30 April: Ocado, Heineken, Brexit, Getir
Ocado has suffered a shareholder revolt over a new pay scheme that includes a bonus share award of up to £15m for co-founder and chief executive Tim Steiner
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NewsScandal-hit Batista brothers back at helm at JBS after board reinstatement
Brothers Joesley and Wesley Batista were re-elected to the JBS board of directors on 26 April
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NewsRapid grocer Getir confirms UK exit
The q-commerce player will also pull out of Germany, the Netherlands and the US
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NewsAsda tracker shows disposable income up for 12th month in a row
Gross income for the average household in the UK grew by 10.1%, and at £233 per week was £21.50 a week higher in March 2024 than it was a year before
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NewsMedia Bites 29 April: Ocado, UK harvests, Loyalty cards
Ocado is facing criticism as it seeks shareholder approval today for a potential bonus worth up to £14.8m for its chief executive, Tim Steiner
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NewsCity snapshot: Eagle Eye secure contract to help Tesco personalise Clubcard promotions
Grocery tech firm Eagle Eye has won a one-year contract with Tesco to power its personalised Clubcard challenges. Plus, Ultimate Products chairman Jim McCarthy to leave group and Supermarket Income REIT makes first move into France
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NewsCity News: Sainsbury’s posts booming growth but City sceptics remain
Booming sales, rising profits and a bullish forecast were not enough for Sainsbury’s to win over City sceptics this week, as it faced a fall in GM sales and the prospect of tough comparatives
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NewsButcher’s Pet Care back in the black after £30m sales growth
Petfood player Butcher’s Pet Care has bounced back into the black following stellar sales growth, driven by growth in its range and international reach
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NewsHarvey Nichols recovery hampered by cost increases and discounts
Latest accounts add further detail to what was a difficult period for the retailer
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NewsCity snapshot: UK consumer confidence continues to improve as inflation eases
UK consumer confidence improved once more in April as inflation eases, according to the monthly GFK consumer confidence index
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NewsMedia Bites 26 April: Sainsbury’s, Nestlé, Unilever
A packed morning in the papers sees Sainsbury’s latest annual results grabbing the most headlines
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NewsCBD pioneer Trip tops Fast 50 list of food & drink brands
Surging growth pushed Trip to the number-one spot in the annual Fast 50 ranking conducted by mid-market financial services firm Alantra
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NewsPZ Cussons flogging St Tropez in bid to simplify the group
PZ Cussons is selling self-tanning brand St Tropez after admitting the group is “too complex for its size”
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NewsCity snapshot: Sainsbury’s forecasts profits of £1bn in 2024 on strong grocery growth
Sainsbury’s has posted an uplift in underlying annual profits and forecast another rise in profits in the current financial year. Plus updates from Unilever, Nestlé, CCEP, WH Smith and more
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NewsMedia Bites 25 April: PZ Cussons, Heineken, Reckitt Benckiser
A decision by PZ Cussons to offload self-tanning brand St Tropez and explore a sale of its Africa business makes headlines this morning
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NewsHogs Back owner buys London’s Mondo Brewing Co in pre-pack deal
Financial terms of the deal have yet to be disclosed
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NewsKerrygold owner sees 8% profit slump due to market challenges
The dairy company reported a turnover of €3.4bn, which was flat on last year when the company reported a record sales performance
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NewsMedia Bites 24 April: Grocery market share, ABF, Getir
Grocery inflation fell to a 30-month low in April, helped by a rise in promotional spending from consumers
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NewsCity snapshot: PZ Cussons to sell-off St Tropez to refocus group
PZ Cussons is kicking off a sale process for self-tanning brand St Tropez as part of reorganisation of the group. Plus, Reckitt Benckiser, Heineken and Nichols report Q1 numbers, Supreme issues a year-end trading update, and Haleon appoints Tate & Lyle CFO as its new CFO.