Finance news – Page 235
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NewsGreggs hails ‘exceptional’ year but New Year sales slow
Greggs has posted a jump in annual sales and profits following an ‘exceptional’ year for the food to go chain, but admitted it has seen a ‘significant’ slowdown in sales in February due to stormy weather.
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NewsCity snapshot: Supermarkets enjoy green shoots of recovery in February
UK supermarkets saw the ‘green shoots’ of recovery in February, with small but positive growth in as total till sales improve to 0.7% in the last four weeks, according to Nielsen, and the strongest growth since November in the Kantar figures.
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NewsMedia Bites 3 March: Coronavirus, Tesco, Just Eat Takeaway.com
British supermarkets have drawn up “feed the nation” contingency plans that would help the country cope with any panic-buying brought on by a sudden escalation of the coronavirus outbreak.
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NewsMarket crash creates 'buying opportunity' for UK supermarket stocks
Heavy share price falls across global stock markets have created a buying opportunity for undervalued UK supermarket stocks, according to broker Bernstein.
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NewsPoundland to introduce frozen and chilled food ‘shops in shops’ to 60 more stores
Poundland’s frozen and chilled offering had already been extended from the initial five to a further two
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NewsSupermarkets ‘face panic buying and stockpiling’ as coronavirus fears escalate
The prime minister chaired an emergency Cobra meeting this morning to draw up plans to try to slow the spread of the virus
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NewsRed diesel ban could have ‘devastating’ impact, warn hauliers
Red diesel is used in the cold chain to run refrigeration systems on more than 50,000 trucks and lorries
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NewsWaitrose ramps up online offer as Ocado split date approaches
The retailer has added its Waitrose.com online delivery service to 24 more of its shops
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NewsCity Snapshot: Just Eat Takeaway.com takes action against Delivery Hero
Just Eat Takeaway.com is taking action against German rival Delivery Hero, accusing it of breaking a standstill agreement by announcing plans to increase its stake in the newly merged UK-listed firm.
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NewsMedia Bites 2 March: Asda, John Lewis/Waitrose, British Honey Co
Private equity bidders and the brothers behind EG Group are vying to take a majority stake in Asda.
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NewsFiddes Payne reports sales drop of 23%
Sales at home baking and spices supplier Fiddes Payne plunged last year due to weakness in its core UK market.
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NewsUK food & drink M&A aided by ‘distressed’ deals at end of year
Grant Thornton’s review of the 2019 food and beverage M&A market found the year concluded with 215 transactions involving
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NewsItalian food producers stockpile in UK over coronavirus fears
If factories start to close due to the outbreak, a potential shortage of Italian ingredients will add concern to businesses
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NewsCity snapshot: ‘Distressed’ deals boost fourth quarter food and drink M&A numbers
UK food and drink deal volumes edged upwards in 2019, though the final quarter was aided by a high number of ‘distressed’ M&A deals as tough macro-economic conditions continue to constrain dealmaking in the sector. Plus, Beyond Meat fails to hit market expectations, share prices plunge again and all the rest of the latest news from the City.
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NewsMedia Bites 28 Feb: Reckitt Benckiser, AB InBev, M&S
Reckitt Benckiser has taken a £5bn impairment on the acquisition of baby formula maker Mead Johnson as its new chief executive seeks to draw a line under a period of underperformance.
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NewsUK negotiating mandate for EU trade talks missing vital details, warns industry
Boris Johnson’s negotiating position is missing essential details on minimising border controls and potential disruptions from next year, industry figures have claimed…
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NewsJempson’s hails boosted c-store trade and premium range for solid growth
The group grew overall gross sales by 4% to £32.9m compared with 2018
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NewsWalmart in talks with potential Asda buyers
Walmart has admitted it is in talks with potential buyers for Asda, despite an IPO for the UK supermarket chain remaining an “attractive” option.
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NewsCity snapshot: Walmart/Asda, Diageo, SSP Group
Walmart is in talks with private equity firms about selling a majority stake in Asda, a year after the collapse of its deal to merge the supermarkets chain with Sainsbury’s.
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NewsPukka Pies sales rise after ramped-up marketing activity
Several advertising and marketing campaigns run during the year have bared fruit, boosting the pie manufacturer’s sales almost 7%