Finance news – Page 294
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NewsMedia Bites 5 April: Brexit, High street, Mothercare
Cereal farmers have said leaving the EU without a deal would be “catastrophic” and the continued uncertainty is having a huge cost to business.
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NewsGlobal Brands sales surge 19% on back of product innovation
Sales growth accelerated at VK-owner Global Brands, taking annual sales past the £50m mark for the first time
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NewsCoca-Cola dismisses Irish milk processing facility rumours
A report in the Irish media claimed Coke had met with dairy industry officials
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NewsWholesale onion prices almost double after 40% harvest drop
Almost half of onion SKUs in the mults are more expensive than they were six months ago
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NewsMothercare posts 10.8% annual UK sales slump
Baby and child retail specialist Mothercare has announced a further slump in a UK sales in its fourth quarter as it battles to turn around its struggling business.
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NewsMedia Bites 4 April: Brexit, US tobacco, Constellation Brands
The governor of the Bank of England Mark Carney has defended its gloomy forecasts for what a cliff-edge Brexit would mean and denied they amounted to scaremongering
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NewsFareShare opens new warehouse with Asda funding
The new premises will also allow FareShare North East to support 35 new local charities in the next year
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NewsLoose fruit and veg sales growing at double rate of plastic-packed
Twenty one per cent of fruit, veg and salad was sold loose over the past 12 weeks, according to Kantar
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NewsBad weather drives biggest food price rise in five years
Food prices have surged at the fastest rate in more than five years after poor weather hampered crop production.
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NewsMedia Bites 3 April: Sainsbury's, Boots, Reckitt Benckiser
The sales slide at Sainsbury’s has worsened, allowing takeover target Asda to leapfrog it as the country’s second-biggest grocer
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NewsAldi overtakes Morrisons in market share, Nielsen data shows
Lidl was the only other supermarket to see growth, with share rising from 5.9% to 6.3%
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NewsPure Pet Food secures £2m private equity cash injection
The healthy pet food brand has sold a minority stake to NVM Private Equity to accelerate growth plans
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NewsGrocery sales growth drops to slowest rate in a year
Grocery sales growth has fallen to its lowest level since March 2018 as the late Easter and Mother’s Day hit year-on-year comparisons, according to Kantar. Plus, profits slump at palm oil producer MP Evans and all the rest of the latest news from the City.
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NewsMedia Bites 2 April: Stockpiling, Kellogg's, Impossible Foods
Brexit stockpiling helped UK manufacturers enjoy their best month for more than a year in March.
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NewsKellogg’s sells US food assets to Ferrero for $1.3bn
Kellogg’s has agreed a $1.3bn (£1bn) sale of a number of non-cereal food assets to Italian confectionery giant Ferrero.
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NewsStockpiling warehouse space race 'will hike business rates'
The cost of warehouse space rose by as much as a quarter in the final three months of 2018
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NewsFood-to-go chain Eat swallows £17m loss after sales slump
Food-to-go retailer Eat has swallowed a £17.3m loss for the past year, after sales slumped 4.3% amid pressure on the UK high street
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NewsCentral England Co-op reports jump in profits and sales
Capital expenditure of £28.7m was invested in 10 new food stores and the refurbishment of 35 others
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NewsCity snapshot: Retail leaders call for business rates reform
Retail leaders have called on MPs to reform the business rates system which they say is “strangling the high street”, cafe bar group Loungers floats on the AIM and the rest of the news from the city
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NewsMedia Bites 1 April: Brexit, Amazon, Marks & Spencer
Business leaders have reacted with frustration and warned that Britain is increasingly succumbing to Brexit fatigue