Finance news – Page 243
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NewsMedia Bites 14 Sep: Unilever, BrewDog, Primark/ABF
Advent International and Singapore’s Government Investment Corporation are to launch a £4bn offer for Unilever’s tea brands
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NewsYo Sushi owner counteracts restaurant sales drop with more supermarket counters
Yo Sushi parent company Snowfox suffered a sharp drop in sales as stores were forced to shut in pandemic, but it continues to grow its supermarket presence to mitigate the impact
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NewsCity snapshot: ABF ups profit guidance on sugar and Primark outperformance
Associated British Foods has raised its full year profit guidance after the fourth quarter margin performance of Primark and its sugar business beat expectations
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NewsMedia Bites 13 Sep: M&S, WH Smith, EG Group
Marks & Spencer is reviewing the future of its 20 French stores after border delays caused by Brexit hit deliveries of UK-made fresh and chilled foods
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NewsAdd Psalt starts next phase of support for black-owned brands
The entrepreneurs will receive strategic guidance, product and brand development, and access to national retail distribution
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NewsCity Snapshot: EG Group reportedly mulls $15bn sale options
EG Group is exploring options with bankers that could result in a $15bn (£10.8bn) sale, according to reports.
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NewsMedia Bites 10 Sep: Morrisons, EG Group, Costa Coffee
Morrisons has warned it expects “industry-wide” price rises ahead while reporting half-year results showing a 43% slump in profits
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NewsCity snapshot: Sales and profits slide at Morrisons as it warns of rising costs
Morrisons saw like for like sales fall 3.7% in the second quarter against “tough” year on year comparatives, while first half pre-tax profits fell by more than a third due to Covid costs and business rates.
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![Morrisons_Paper_Bags_2[36]](https://dmrqkbkq8el9i.cloudfront.net/Pictures/100x67/4/4/1/244441_morrisons_paper_bags_236_623262.jpg)
NewsMedia Bites 9 Sep: Morrisons, B&M Bargains, Weetabix
The battle for Morrisons is set to be decided in a head-to-head auction between two private equity bidders
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NewsCity snapshot: Morrisons lays ground for takeover auction
Morrisons is in talks with the UK Takeover Panel in preparation for a bidding auction ahead of a shareholder vote in mid October.
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NewsMedia Bites 8 Sep: John Lewis, Amazon, Iceland
John Lewis is to sell fast fashion range from Waitrose supermarkets in move to bolster turnaround plan
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NewsCity snapshot: Retail sales growth begins to slow in August
Year on year sales growth fell back in August as pent-up post-lockdown demand softened, according to the monthly BRC-KPMG Retail Sales Monitor. Plus interim results from McBride and Parsley Box.
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NewsMedia Bites 7 Sep: Supply chain crisis, Tesco, Border checks
The threat of strike action by lorry drivers at two firms, including Booker, has raised the prospect of further disruption this autumn amid Britain’s worst supply chain meltdown since the 1970s
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NewsBorder Biscuits takes pandemic hit from out-of-home sales slump
Premium snacks supplier Border Biscuits saw a double-digit drop in sales last year as the coronavirus pandemic hit out-of-home sales, but expects to return to growth this year as the out-of-home market reopens.
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NewsCity snapshot: Great Britain loses 8,700 shops in the first half of 2021
More than 8,700 stores disappeared from Great Britain’s high streets in the first six months of 2021 as the level of retail vacancies reached an all time high.
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NewsCity News: WH Smith recovery set back by profit warning
A mixed update said trading in the eight weeks to 28 August had been better than expected
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NewsMedia Bites 6 Sep: Brewdog, Morrisons, M&S
BrewDog has established its first international joint venture with Japan’s Asahi as the UK’s largest craft brewer seeks to increase sales ahead of a planned London IPO
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NewsWholey Moly secures funding as it readies for mults launch
The business’ range of cookies are set to be stocked by Sainsbury’s and Ocado from this month
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NewsCity snapshot: Retail footfall still down on pre-pandemic levels despite August bounce
UK retail footfall remains significantly down in pre-pandemic levels despite the relaxation of government Covid restrictions, albeit August saw some tentative signs of recovery.
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NewsMedia Bites 3 Sep: Driver shortage, CCEP, Exports
Supermarkets recruiting lorry drivers by offering higher wages will lead to shortages of hauliers needed to deliver to schools, prisons and wholesalers