Finance news – Page 309
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NewsAddo Food Group plunges into red in first year of PE ownership
PE house LDC completed a secondary buyout of the Pork Farms munfacturer in April 2017
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NewsMelrose & Morgan seeks £250k to fund two store openings
The business is offering investors 12.2% equity based on a £1.8m valuation
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NewsCity snapshot: Cheaper Christmas as festive food costs 0.4% less than 2017
The cost of Christmas fare fell in 2018 after a currency-fuelled spike in supermarket inflation sent food prices soaring back in 2017. Plus, BRC Nielsen Shop Price Index finds decelerating food inflation, new CFO at McColl’s and all the rest of the latest news from the City.
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NewsMedia Bites 4 Jan: Brexit/farmers, Next/Christmas trading, Shop prices
A no-deal Brexit would spell severe disruption for the UK’s farming and food industries, and hardship for small farmers in particular, according to environment secretary Michael Gove.
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NewsGove warns of no-deal Brexit turbulence for food and farming sectors
Speaking at today’s Oxford Farming Conference, the Defra secretary warned a no-deal Brexit would hit the sector hard
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NewsNext kicks off Christmas reporting season with solid sales performance
High street bellwether Next has reported sales growth in-line with expectations over the festive period, but has cut its profit guidance due to higher sales of lower margin goods.
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NewsMedia Bites: Iceland, John Lewis Partnership, Entertainment sales
MPs will investigate HM Revenue & Customs threatened Iceland Foods with a £21 million bill over a Christmas savings scheme for low-paid staff.
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NewsOne Stop hails success of Christmas promotions strategy
The group launched its first online game, as well as a Christmas Countdown promotion
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NewsWaitrose Christmas week sales jump 19% to 'hit expectations'
Sales at the premium supermarket were heavily distorted by the timing of Christmas and New Year compared to 2017, the retailer said in its weekly trading update
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NewsHMRC threatens Iceland with £21m minimum wage bill
The Times reports that Iceland has been threatened with a £21m bill by HM Revenue & Customs after it accused the retailer of breaching minimum wage rules.
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NewsMedia Bites 2 January: Christmas retail sales, Iceland, 'Pudding Tax'
The City is bracing itself for news of just how brutal Christmas 2018 was for the UK high street
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NewsArt & Terroir acquires Glenturret whisky brand from Edrington
The deal, for an undisclosed sum, marks Art & Terroir’s first move into the world of Scotch whisky.
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NewsMedia Bites 21 December: Consumer confidence, retail sales and beleaguered high streets
Households are the most pessimistic they have been in more than five years
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NewsUK consumer confidence at five-year low
UK consumer confidence is at a five-year low, according to the latest GfK index, although people are more confident about making major purchases than a year ago.
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NewsONS reports UK retail sales rose 1.4% in November
Growth was driven by the performance of household goods stores, which saw volumes rise as much as 5.3%
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NewsCity Snapshot: Real Good Food sells jam maker R&W Scott
Real Good Food has sold R&W Scott in a deal worth £3.95m, and the rest of the latest news from the city
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NewsMedia Bites 20 December: Sainsbury's-Asda, Business rates, Glaxosmithkline and Unilever
A survey of British suppliers has shown that 94% believe that a merger between J Sainsbury and Asda will hurt their business
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NewsGeneral Mills beats profit estimates despite decline in yoghurt sales
The Old El Paso manufacturer’s shares jumped 4.8% prior to trading, after it revealed improved margins
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NewsUK inflation hits 20-month low as petrol prices fall
Food inflation slowed significantly as the impact of the weaker pound faded
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NewsMedia Bites 19 December: Patisserie Valerie, GlaxoSmithKline, food waste
Patisserie Valerie has appointed a Starbucks executive to a key commercial role as it tries to move on from the accounting scandal that brought the company close to collapse