Finance news – Page 287
-
NewsOcado set to cut 400 jobs after Andover fire
Ocado has put up to 400 jobs at risk at its Andover warehouse after failing to find an alternative site nearby and admitting it will take two year to rebuild.
-
NewsMedia Bites 20 May: M&S, Ocado, Just Eat/Amazon
M&S profits dive amid chairman Archie Norman’s scramble to close stores, writes The Times.
-
NewsLily's Kitchen vows to double sales of its petfood globally
Premium petfood brand Lily’s Kitchen is plotting a huge exports push to double its international sales this year and break into the Asian and Middle East pet care markets.
-
NewsFood and drink deal volumes drop amid Brexit nervousness
Deal volumes dropped 19% from the fourth quarter of 2018 to 47 completed deals in the first quarter of 2019
-
NewsCheeky Panda tops crowdfunding target
The bamboo tissue brand has raised a seven-figure sum valuing it at almost £25m
-
NewsNestlé streamlining continues with sale of Skin Health
Elsewhere, Greggs shares jumped to their highest-ever level after its fourth profits upgrade in five months
-
NewsWalmart splits City over plan to float Asda on Stock Exchange
The move prompted some to speculate it was an attempt by Walmart to flush out potential trade or private equity buyers
-
NewsCity snapshot: Amazon named as lead investor in £450m Deliveroo fundraising round
Deliveroo has announced that Amazon is the lead investor in a $575m (£450m) fundraising round the enable it to accelerate growth. Plus all the rest of the latest news from the City.
-
NewsMedia Bites: Asda, Deliveroo/Amazon, Pret a Manger/Eat, Waitrose
Asda’s American owners have warned of an “incredibly challenging backdrop” after reporting a slip in quarterly sales and regulators torpedoed its merger plans with rival Sainsbury’s.
-
NewsWaitrose hires Faiman to triple online sales
Waitrose plans to build three new state-of-the-art automated warehouses to turn its online operation into a £1bn business – with the help of Ocado co-founder Jonathan Faiman.
-
NewsGood Club aims to be ‘world’s first zero-waste online grocer’
The retailer intends to kick off a trial in the autumn of reusable packs for around 30 SKUs
-
NewsAsda like-for-likes up 0.5% with Easter adjustment
Asda CEO Roger Burnley said the supermarket remained focused but warned of challenges ahead
-
NewsBakkavor buys desserts business Blueberry Foods
Listed prepared foods supplier Bakkavor has bought up desserts business Blueberry Foods from Samworth Brothers.
-
NewsCity snapshot: Nestlé agrees £8bn skincare division sale
Nestlé has announced this morning it has entered into exclusive negotiations with a consortium led by Swedish private equity firm EQT and the Adbu Dhabi Investment Authority over the sale of its skincare division. Plus, John Lewis Parntership ends defined benefit pension scheme and all the rest of the latest news from the City.
-
NewsMedia Bites 16 May: John Lewis Partnership, Asda, Morrisons
John Lewis has axed the last remnants of its gold-plated pension plan in an attempt to fill a hole of nearly £200m in the scheme
-
NewsI Love Snacks seeks £300k of crowd cash to grow listings
’Better-for-you’ snacks company I Love Snacks has returned to crowdfunding platform Crowdcube for a second time in a bid to raise £300,000 in return for nearly 11% equity to help it on its next stage of growth. The company, which sells through more than 300 Waitrose outlets, ...
-
NewsDairy Crest name to disappear as it rebrands to Saputo Dairy UK
The move follows the replacement of long-serving CEO Mark Allen with his deputy, Tom Atherton
-
NewsAsda planning IPO and £80m in price cuts
Walmart International president and CEO Judith McKenna said the IPO could take years
-
NewsLiquidators appointed for Choccywoccydoodah
Specialist chocolatier Choccywoccydoodah has appointed business advisory firm Quantuma to wind-up the company.
-
NewsCity snapshot: Walmart ‘seriously considering’ Asda IPO
Walmart International CEO Judith McKenna has told Asda staff that a public listing of the UK supermarket chain is being ‘seriously considered’ following the collapse of its merger with Sainsbury’s.