Finance news – Page 288
-
NewsMedia Bites 15 May: Walmart/Asda, Greggs, Dave Lewis
Walmart has told Asda staff it is seriously considering a stock market listing for its UK supermarket group – the first time it has acknowledged the speculation about Asda’s future
-
NewsTesco boss Dave Lewis picks up £4.6m annual pay packet
Tesco CEO Dave Lewis took home an annual pay package worth £4.6m last year – a figure slightly down from the £5.1m he received in the previous financial year.
-
NewsHolland & Barrett appoints Tony Buffin as CEO
Buffin will take over from Peter Aldis after resigned in March
-
NewsPremier Foods unveils plant-based snack brand Plantastic
The first on-the-go options will a mixed grains dessert pot range and a three-strong lineup of cake bars
-
NewsTesco reports 17% fall in food waste from its operations
Tesco said it was now 81% of the way towards its target that no food safe for human consumption goes to waste
-
NewsExceptional costs drive £43m annual loss for Premier foods
Premier Foods has fallen to an annual loss of £42.7m as impairments and pension charges hit its bottom line, but core profitability improved in a further sign of “consistent progress”.
-
NewsMedia Bites 14 May: Impossible Foods, UK retail shares, Boots
Plant-based meat company Impossible Foods has raised $300m in its latest funding round to increase its value by two-thirds to $2bn.
-
NewsWilko suffers 4% drop in sales in 'challenging environment'
Despite the sales drop, the retailer managed a return to profitability, credited to reduced costs
-
NewsDairy Crest CEO Mark Allen steps down
Allen, who has held the post for 12 years, has been replaced by his deputy Tom Atherton
-
NewsTown centre vacancy rates soar
Vacancy rates in town centres have risen to their highest in four years, according to the latest BRC-Springboard Footfall and Vacancies Monitor.
-
NewsMedia Bites 13 May: Tesco, Sainsbury's, Rich list
Tesco chief executive Dave Lewis is to sweep 20% of its 40,000 products off the supermarket chain’s shelves.
-
NewsKettle falls to loss as it invests heavily in promotions
Premium crisps player Kettle Foods has slumped to a heavy loss as it maintained high levels of promotions to fight declining market share.
-
NewsM&S-backed startup accelerator makes first fmcg investment with Rocketo
Marks & Spencer’s brand accelerator programme has made its first grocery brand investment by taking a minority stake in raw dehydrated organic dogfood startup Rocketo.
-
NewsBoparan asset sell-off mitigates mounting losses
The 2 Sisters owner would have posted an annual loss of over £100m but for the sale of Goodfella’s…
-
NewsCity snapshot: Supermarket prices move back into deflation
Supermarket prices fell back into deflation in April according to The Grocer Price Index, with overall grocery prices now in decline in five of the past seven months. Plus, Wilkinson Sword owner Edgewell buys online rival Harry’s, Hain Celestial sells protein business and all the rest of the latest news from the City.
-
NewsMedia Bites 10 May: Morrisons, Harry's, Kraft Heinz
Morrisons is eyeing a closer relationship with Amazon and takeaway delivery firms such as Deliveroo and Uber Eats after loosening its agreement with online retailer Ocado
-
NewsOcado to build second CFC for Canadian partner Sobeys
The development builds on a deal Ocado struck with Sobeys at the beginning of 2018
-
NewsMorrisons' retail growth slows as Ocado deal renegotiated
Morrisons has posted a 2.3% rise in like for like first quarter sales as it has announced a temporary suspension of its use of online partner Ocado’s Erith customer fulfilment centre and an end to the exclusivity of their partnership.
-
NewsMedia Bites 9 May: Imperial Brands, Metro, Coty
The threat of tighter regulations on vaping products in the United States has held back growth in e-cigarette sales at Imperial Brands
-
NewsOcado invests in robot chefs for ready-to-eat meals
The investment ‘gives Ocado the opportunity to expand its value proposition in grocery, especially through Ocado Zoom’