Finance news – Page 261
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NewsCity snapshot: Unilever vows to halve plastics use by 2025
Unilever has pledged to halve its use of virgin plastics by 2025 to cut its use of plastic packaging by more than 100,000 tonnes. Plus, Tesco Bank appoints financial services veteran Sir John Kingman to its board, Lidl to open ten Manchester stores, a new chairman at McBride and all the rest of the latest news from the City.
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NewsMedia Bites 7 Oct: John Lewis Partnership, Unilever, Tesco
The John Lewis Partnership’s next chair, Sharon White, must trigger a fundamental review of the ‘Never Knowingly Undersold’ slogan and consider closing some stores
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NewsScottish Spar operator CJ Lang returns to growth
The 100-year-old business reported a 56% growth in underlying profits for the year to 30 April 2019
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NewsBooker Best Food buy bolsters sales by £1bn
The Bidfood logistics business was acquired for a nominal sum
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NewsRob Collins and Wim Van Aalst are first casualties of John Lewis Partnership cull
Waitrose MD Rob Collins and supply chain boss Wim Van Aalst are first of 75 senior executives to face axe in JLP restructure
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NewsCity snapshot: Dave Lewis’s legacy on Tesco share price
During his five-year tenure, the City was not very generous towards Lewis despite evidence its efforts paid off
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NewsMedia Bites 4 Oct: John Lewis, PAI/Hain Daniels, Tomatoes
John Lews is seeking rent cuts from its landlords in a bid to cut running costs. The retailer told landlords in some locations it would withhold 20% of this quarter’s service charge, which covers heating and water on top of rent, because it had become too expensive. ...
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NewsPepsiCo’s third quarter revenues rise as it ramps up marketing
PepsiCo has reported a 4.3% increase in third quarter revenues, as ramped-up marketing spend boosted demand for its soft drinks and snacks
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NewsTesco acquires Best Food Logistics for ‘nominal sum’
Best Food Logistics last year announced a major long-term supply deal with Pizza Hut
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NewsBargain World ceases trading after five months
The company’s two existing stores closed this week
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NewsCity snapshot: Imperial Brands CEO to step down
Alison Cooper, who has been at the helm of the tobacco giant for nine years, will step down as soon as a suitable successor is found
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NewsMedia Bites 3 Oct: Deliveroo, Tesco, Tariffs
Deliveroo has seen revenues jump 72% in 2018 but losses widened 17% to £232m as the ride haling app invested into new markets and competitiveness in challenging areas. Revenues came in at £476m but operating expenses surged to £349.4m from £106m the previous year (The Financial Times ...
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NewsBIB Wine seeks funding to open bag-in-box bar and shop
The startup is about to launch a crowdfunding campaign looking to raise £467k to open its first bag-in-box bar and shop
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NewsWhitworths sales continue to slide but operational losses improve
The business is now focused on shifting from being an ingredients-focused company to a healthy snacking firm
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NewsTesco CEO Dave Lewis to step down: analyst reactions
Tesco CEO Dave Lewis has announced he is to quit after five years at the helm. Here is how analysts and other experts reacted to the news
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NewsCity snapshot: Tesco CEO Dave Lewis to step down
“I believe that the tenure of the CEO should be a finite one and that now is the right time to pass the baton,” he said.
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NewsMedia Bites 2 Oct: M&S, John Lewis, Greggs
Source: Marks & Spencer Steve Rowe warned that Marks & Spencer’s turnaround is 18 months behind schedule At a meeting with analysts and investors, Marks & Spencer’s CEO Steve Rowe has admitted that the retailer’s turnaround plan for its clothing and home lines is 18 months behind ...
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NewsInnocent sales rocket amid European expansion
Innocent has posted further revenue growth last year, with sales rocketing to nearly £400m as health-conscious consumers flocked to buy its smoothies
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NewsHovis Holdings hails ‘solid year’ after £9.1m bakery sales boost
At group level, Hovis Holdings’ sales were £460.9m – a 2% decline on 2017
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NewsWaitrose MD Rob Collins to leave as part of major restructure
John Lewis and Waitrose will be managed and operated as one business by a single executive team