Finance news – Page 265
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NewsCity snapshot: Aldi pledges to double London store count despite 18% profits drop
Aldi has announced plans to double its store footprint inside the M25 after posting an 18% drop in pre-tax profits despite a double digit sales increase. Plus, second half growth surges at Finsbury Food Group and all the rest of the latest news from the City.
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NewsMedia Bites 16 September: Sainsbury’s, Asda, Tesco/Jack’s
Sainsbury’s Mike Coupe warned that in the event of a no-deal Brexit fresh food supplies will be hit.
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NewsRaw Halo returns to Crowdcube to fund listings in major retailers
Vegan chocolate maker Raw Halo has kicked off its third crowdfunding campaign to fund expansion into major mainstream retailers
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NewsSnaffling Pig to seek cash for wider pork market expansion
The Berkshire-based business hit Crowdcube this week seeking £750k in exchange for a 7% stake
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NewsCity snapshot: Sainsbury’s pledges to halve plastic packaging by 2025
Sainsbury’s has announced a commitment to cut its plastic packaging by 50% by 2025, becoming what it claims is the first retailer to outline plans of this scale.
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NewsMedia Bites 13 September: John Lewis/Waitrose, Morrisons, Co-op
John Lewis has issued a stark warning on the potential fallout from a no-deal Brexit as the retail group fell into its first ever half year loss.
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NewsJapanese drinks giant Asahi sees sales surge across UK
The company said the growth was achieved “through continued investment in brand marketing campaigns”…
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NewsMorrisons to expand Amazon Prime Now delivery partnership across UK
The retailer announced today (12 September) it had signed an undisclosed multi-year deal with the online giant, to replace its previous rolling relationship
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NewsWaitrose pulls out of online deal with Today Development Partners
TDP and Waitrose.com had planned to work together to develop three automated customer fulfilment centres
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NewsCity snapshot: Morrisons first half profits rise 5.3% despite first quarterly sales dip since 2016
Morrisons has posted a 5.3% rise in first half pre-tax profits despite recording a second quarter sales fall of 1.9%. Plus, The John Lewis Partnership has posted a £25.9m loss in the first six months of the year, British American Tobacco has announced it is to cut 2,300 jobs globally and all the rest of the latest news from the City.
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NewsMedia Bites 12 Sep: Yellowhammer/Brexit, Trump/vaping, AB InBev
Supplies of some fresh food will decrease and supermarket prices may also rise, according to secret documents the government was forced by MPs to publish.
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NewsGovernment plans for ‘all-in’ deposit return scheme branded ‘total nightmare’
Yesterday (10 September) the Scottish government published draft legislation for a national rollout from 1 April 2021
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NewsHalo Top sold to US ice cream giant Wells Enterprises
The Eden Creamery ice cream brand was snapped up for an undisclosed amount, with the deal expected to complete this month
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News3D printed vegan meat a step closer after startup wins $6m investment
Israel-based Redefine Meat aims to create industrial-level 3D printing machines for use across the food sector
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NewsCity snapshot: UK shop closures surge to record levels
Heightened restructuring activity has seen the half-year net reduction in stores on Britain’s high streets hit record levels according to research by the Local Data Company and PwC.
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NewsMedia Bites 11 Sep: Shop Closures, Allan Leighton, Hilton Food Group
Figures from PwC and the Local Data Company show the number of shop closures has reached a record high.
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NewsStrong Roots secures £15m investment to fund US expansion
The supplier of frozen plant-based burgers and sides plans to use the cash to accelerate household penetration in the UK and its native Irish market, as well as continuing its push into the US
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NewsHilton Food Group posts double-digit first half profits rise
Hilton Food Group has reported a 10.6% jump in first half pre-tax profits, boosted by growth in UK meat and its Seachill seafood business.
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NewsMedia Bites 10 Sep: Duty free shopping, no-deal Brexit, ABF
The booze cruise could be poised to make a comeback if the UK crashes out of the European Union.
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NewsSnaffling Pig to seek cash for wider pork market expansion
Ahead of launching publicly, the campaign had already secured 60% of its target from 327 private investors