Finance news – Page 245
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NewsCity snapshot: McBride issues profits warning on UK weakness
Private label household goods manufacturer McBride has issued another profits warning on weaker than expected trading in the UK.
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NewsMedia Bites 14 Jan: UK economy, Asda, Greggs
The economy shrank unexpectedly in November as election uncertainty delivered a blow to output.
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NewsBay’s Kitchen secures six-figure investment to fund IBS-friendly range
The startup, producing stir-in sauces aimed at people suffering from irritable bowel syndrome (IBS), will use the funds to launch new products into its range
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NewsSpar wholesaler sees Christmas sales soar
“Customers are making more shopping trips to convenience stores and this has boosted our performance”
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NewsMen earning 6.5% more at Asda as pay gap declines
Asda said the pay gap was a reduction of 1.1% compared with 2018 and 10.8% lower than the national average
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NewsMidcounties Co-op reports 3% hike in Christmas food sales
The member-owned society saw its busiest ever Christmas Eve
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NewsCity snapshot: Retail footfall slumps over Christmas
Footfall across UK retail destinations fell 2.5% over the Christmas period, with Black Friday and Boxing Day sales events failing to drive customers to the UK’s shops.
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NewsMedia Bites 13 Jan: John Lewis, Just Eat, Asda
John Lewis could face pressure to sell off parts of its vast property estate following a downturn in its fortunes. Plus, Takeaway.com wins battle for Just Eat and Asda plans 2,800 job cuts.
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NewsChristmas trading: which listed supermarket won the golden quarter?
The City was preparing for the worst from this week’s raft of festive grocery trading updates, but supermarket shares largely held firm after a Christmas that left the big players bruised but not beaten
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NewsAutomation boosts profits at Riverford Organic Farmers
Vegetable box delivery service Riverford Organic Farmers has posted a surge in annual profits as investment in automation boosted margins.
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NewsSales and profits slump at Tyrrells as turnaround efforts continue
Tyrrells suffered a sharp drop in sales and profitability in the financial period that saw German snacks giant Intersnack snap up the crisps brand.
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NewsValeo Foods sales set to break the billion mark following acquisition spree
The company claimed it had hit the €1bn sales mark following the acquisition of Kettle and Matthew Walker
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NewsUK will keep ban on chlorinated chicken, promises Villiers
Theresa Villiers has promised chlorine-washed chicken and hormone-treated beef will not enter the UK as part of a US trade deal, in a seeming correction to an earlier statement made this week.
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NewsCity snapshot: Lidl outpaces rivals with festive sales up 11%
Lidl saw sales rise by a whopping 11% in the run up to Christmas, outpacing all other grocers - including Aldi
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NewsMedia Bites 9 Jan: Tesco, John Lewis, M&S
Tesco emerges as Christmas winner among retailers, John Lewis mulls axing its bonus after over 50 years as “golden girl” boss leaves and M&S Clothing Unit continues to struggle
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NewsVegan brand LoveRaw secures multimillion investment from Beyond Meat backers
The vegan buttercup maker has received a ‘seven-figure’ investment from Blue Horizon Ventures
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NewsSupermarket fruit & veg price hike urged as growers face ‘bleak’ profit outlook
Suppliers have warned of tightening margins in 2020 after poor weather and increased labour costs
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NewsWaitrose results: Charlie Mayfield hails booming online sales
The JLP chairman said he hoped 2020 would be a year of “dramatic growth”
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NewsTesco Christmas sales edge up despite ‘subdued’ market
Tesco boss Dave Lewis today claimed Christmas saw the “best operational performance” he had seen since he joined the supermarket in 2014. Plus, on a hectic morning, festive grocery sales rise for Waitrose and M&S, trading updates from Naked Wines, Nichols, Hilton Food Group, Mitchells & Butlers and all the rest of the latest news from the City.
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NewsMedia Bites 9 Jan: Sainsbury’s, Greggs, Boots
Argos lets down Sainsbury’s “upbeat” performance in grocery, Greggs shares bonus with staff after “exceptional” year while UK retailers suffer ”worst year on record” with sales sliding 0.1%