Finance news – Page 272
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NewsUK retail woes continue with ‘worst July on record’
Retail sales in the UK continued to disappoint with the latest performance marking the ‘worst July on record’
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NewsTesco to cut 4,500 jobs in round of operational changes
The operational changes will mainly focus on its 153 Metro stores
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NewsEG Group acquires US forecourt retail operator Cumberland Farms
Cumberland Farms also has its own food and drink brands under the Cumberland Farmhouse and Cumberland labels
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NewsCity snapshot: Ocado completes JV with M&S
Ocado has completed its arrangements for a joint-venture with Marks & Spencer
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NewsMedia Bites 5 August: M&S, Tesco, Diageo
Marks & Spencer is fighting back against its two years of falling sales with larger stores, lower prices, family-sized packs of food and Percy Pigs
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NewsMeatless Farm Co partners with Whole Foods for US launch
The UK-based vegan startup will see its products roll out in 450 Whole Foods stores across the US
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NewsCranswick eyes non-meat growth with £43.5m Katsouris Brothers deal
British pork giant Cranswick has bolstered its non-meat credentials with the £43.5m acquisition of UK-based Mediterranean food specialist Katsouris Brothers.
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NewsJust Eat merger with Takeaway.com far from delivered
As soon as news emerged of Just Eat’s £9bn merger with Dutch contemporary Takeaway.com speculation started to mount that the agreement could be far from the end of the story.
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NewsOrganic babyfood producers secure millions in funding
Babease and Piccolo have raised significant funds to expand and push NPD
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NewsNo-deal Brexit expected but food and drink unclear on plans
Senior industry sources believe a no-deal Brexit is now likely, but will that translate into increased planning from businesses
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NewsMedia Bites 2 Aug: Just Eat, BAT, Brexit
One of Just Eat’s largest shareholders wants a more generous helping from the proposed tie-up between the British fast food app and its Dutch suitor.
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NewsMajestic Wine sold to US investment firm Fortress in £95m deal
Majestic Wine has sold its Majestic-branded retail division and its commercial business to US investor Fortress Investment Group for £95m. Plus, all the rest of the latest news from the City.
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NewsStrong Aperol sales boost Campari interim results
Campari’s sales jumped 9% in the first half of the year driven by the soaring popularity of Aperol across Europe
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NewsDan Lowe steps down as CEO of Fourpure
The past years have seen Fourpure transform from a small player into one of the leading brands in the craft beer category
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NewsCity snapshot: BAT first half sales up 4.6% on pricing and tobacco alternatives growth
British American Tobacco has grown first half revenues by 4.6% to £12.2bn as growth in pricing and new categories mitigated a continued decline in sales volumes. Plus, all the rest of the latest news from the City.
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NewsMedia Bites 1 Aug: Majestic Wine, Brexit/British lamb, Retail landlords
Majestic Wine has set a deadline of next month to uncork a buyer for Lay & Wheeler, the fine wine merchant it has owned for the last decade.
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NewsGusto Organic smashes fundraising target as plots global expansion
Gusto Organic has raised £368k so far as it bids to become a “dominant player” in the UK’s soft drinks market
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NewsProduce World profits rise amid divestments and focus on potatoes and roots
The fresh produce grower was able to increase profitability by divesting surplus assets and refocusing on potatoes and roots
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NewsYo to roll out Japanese food kiosks in Tesco stores after trial
Tesco tested the kiosks in two Extra hypermarkets in Bournemouth and Sunbury-on-Thames last October
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NewsAldi and Lidl pose major threat to convenience stores, report says
A survey which followed the opening of the first Aldi Local found 42% of shoppers would travel further than their local store to reach a discounter