Finance news – Page 274
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NewsMedia Bites 26 July: Retail sales, Imperial Brands/Cannabis, Amazon
Britain’s retailers have recorded the longest period of falling sales for almost eight years, fuelling mounting concern for the economy ahead of Brexit.
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NewsBlack Sheep Coffee expands London footprint with Taylor St Baristas cafes acquisition
Independent coffee chain Black Sheep Coffee has acquired eight cafes from rival Taylor St Baristas ahead of the latter’s collapse into administration
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NewsHyperama profit drop blamed on rising operating costs
Wholesaler cited concerns over the national living wage and auto-enrolment pensions
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NewsUK’s Christmas turkey supply under threat from heatwave
A slump in egg production could lead to a shortage at Christmas and more expensive birds
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NewsWeaker ice cream sales hit Unilever’s first half growth
Unilever has posted first half underling sales growth of 3.3%, at the lower end of its 3%-5% guidance as performance was hit by weaker ice cream sales and Brazil’s trucker strike.
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NewsMedia Bites 25 July: Retail jobs, Cabinet reshuffle, B&M Bargains
72,000 people lost their job in retailing in the past year because of online shopping and automation, according to the BRC.
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NewsRetail employment keeps slides amid changing consumer behaviours
Retail workforce numbers fell 2.3% in the second quarter with 72k jobs lost in the three months to June
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NewsBrewDog ‘CEO of beer’ departs after five months in role
BrewDog hired Shaw in February, to lead its global sales and marketing operations
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NewsSeedrs unveils accelerator programme to target FMCG start-ups
The seven-week programme will feature a range of workshops designed to give the businesses access to VC investors, supermarket buyers and branding experts
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NewsUK food-to-go sector predicted to double grocery growth by 2024
The UK food-to-go sector is on track to be worth £23.4bn by 2024, more than doubling the growth rate of the wider food & grocery retail market
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NewsCity snapshot: B&M targets more than 40 new stores as Q1 sales surge
B&M European Value Retail is on track for a net 24 new B&M UK fascia stores in is full financial year and 15-20 Heron Foods. Plus, Britvic reports third quarter sales decline, PayPoint Q1s up 3.6%, second quarter volumes rise at Coca-Cola and all the rest of the latest news from the City.
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NewsMedia Bites 24 July: Grocery market share, Fevertree, McColl’s
The big supermarket groups are “nursing a hangover” from last summer’s prolonged hot weather and the beer-fuelled spending spree it inspired.
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NewsFeverTree shares drop on slowing UK growth
FeverTree has warned that its rapid growth in the UK has slowed significantly amid the “dampening effect” of poor weather and strong comparables.
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NewsPladis names Unilever veteran Sridhar Ramamurthy as CFO
He assumse responsibility for leading financial management and other related functions
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NewsCity snapshot: Grocery sales fall for the first time in three years
Grocery sales have fallen back for the first time in three years as last year’s record early summer temperatures hit year-on-year comparisons. Plus, first half profits plunge at McColl’s, Fever-Tree first half sales rise 13% and all the rest of the latest news from the City.
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NewsMedia Bites 23 July: Sainsbury’s, Fever-tree, Swine fever
Sainsbury’s has linked with Deliveroo to offer hot takeaways via the delivery app.
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NewsEnergy tea maker Mission secures £260k to expand into retail
Energy tea producer Mission has received a six-figure funding boost to fuel its expansion into the retail sector, months after completing a rebranding.
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NewsInvestment fund launched for eco-friendly packaging
Government to supply £60m while £149m will come from the private sector
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NewsSainsbury’s launches Deliveroo pizza service from five stores
Customers in Birmingham, Brighton, Cambridge and London can order cooked pizzas and snacks using Deliveroo’s website or app
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NewsCity snapshot: UK Consumer confidence remains low in second quarter
UK consumer confidence has remained unchanged in the second quarter of the year as strong earnings and jobs data failed to offset the uncertainty of a no-deal Brexit.