Finance news – Page 256
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NewsFarmers urge review of Tomlinsons collapse and milk profitability crisis
The NFU said Tomlinsons’ fall into administration brought the issues facing the liquid milk market into ‘sharp focus’
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NewsBusiness rates system ‘unacceptable’ Treasury Select Committee concludes
Today’s report was dismissive of previous attempts to soften the blow of rates on retailers
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NewsCity snapshot: Rising prices boost organic sales at Carlsberg
Danish brewing giant Carlsberg has posted a 3.1% rise in third quarter like for like sales, driven by rising prices as volumes declined. Plus, UK consumer confidence drops again, Delivery Hero raises sales expectations, Hilton Food Group updates on trading and all the rest of the latest news from the City.
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NewsMedia Bites 31 Oct: Business rates, Consumer confidence, Juul Labs
Business rates have come under fresh attack from MPs amid fears the tax is crippling Britain’s high street
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NewsOff-Piste Wines sales surge on international growth
A 54% surge in international sales boosted revenues to reach nearly £40m
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NewsOnline Poundshop receives growth investment from Midven
Specialist eCommerce platform Online Poundshop has secured ‘considerable’ investment from venture capital firm Midven to fund growth.
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NewsCity snapshot: Retailers turn hopes to ‘golden quarter’ as prices drop
UK shop prices continued to slide in October, marking the fifth consecutive month of decline as retailers hoped to reverse weak sales with greater discounts. Plus non-execs step down at Sainsbury’s, Mondelez raises guidance on emerging markets growth and all the rest of the latest news from the City.
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NewsMedia Bites 30 Oct: Beyond Meat, Sainsbury’s, M&S
Early investors in Beyond Meat were set for a big payout as the plant-based phenomenon shares became freely tradable yesterday, closing down 22%
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NewsSmoothie maker Savsé calls in the administrators
Declining sales, financial pressures from Brexit and the loss of a major listing in Boots sent it spiralling into crisis
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NewsKellogg’s sales boosted by snacks and frozen foods growth
Kellogg’s third quarter organic sales rose marginally, driven by growth in snacks and frozen foods
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NewsCity snapshot: Beyond Meat makes first quarterly profit as sales surge 250%
Beyond Meat has posted its first quarterly profit as sales of its plant-based meat alternatives jumped 250% in the third quarter.
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NewsMedia Bites 29 Oct: Brexit stockpiling, Just Eat, Boots
Britain’s biggest retailers have been ramping up their stockpiling efforts to record levels in the run-up to Brexit.
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NewsBoots UK sales and profits fall in face of ‘very challenging’ UK market
Sales decreased by 1.8% on a constant currency basis, mainly because of a 2.1% decline in Boots UK
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NewsOcado’s GSCOP designation under review following structural shake-up
Ocado Group requested the review, arguing that from 5 August 2019 it had no involvement in the grocery retail side of the business
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NewsUK e-retailer deals rise as high street woes increase online focus
The number of M&A deals for UK e-retailers has risen by 50% in the past year as retail groups come under pressure to accelerate online sales growth amid a wider high street slump.
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NewsMedia Bites 28 October: Just Eat, AB InBev, Asda
Just Eat has accepted that its multibillion-pound merger with Takeaway.com is dead in its present form, according to The Times.
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NewsLabour shortages set to hike apple prices
British Apples & Pears warns the total amount of unpicked top fruit “could be much more” than previously thought
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NewsRefresco hit with £8.1m charge following acquisition of Cott
Bottling giant Refresco was hit with an £8.1m exceptional charge last year resulting from its £935m acquisition of fellow bottling firm Cott.
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NewsBear reports sales fall amid intensifying competition in the fruit snacking space
Fruit snacking brand Bear has seen a reversal of its rapid growth as fierce competition and lower-priced rivals have stunted sales.
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NewsMedia Bites 26 Oct: Amazon, Impossible Foods, Coca Cola
Amazon’s investment in expanding its one-day delivery service triggered the first fall in quarterly oprating profits in over two years, spooking investors and wiping $80bn from the retailer’s market cap.