Finance news – Page 311
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NewsMedia Bites 13 Dec: Sainsbury's/Asda, Pernod Ricard, British American Tobacco
“Sainsbury’s hit by Asda deal doubts” is the headline in the The Times after the pair launched a legal challenge against the CMA’s investigation timetable.
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NewsPotato processors to feel impact of heatwave until next summer
The total tonnage fell to 4.9 million tonnes, compared to the five-year average of 5.6 million tonnes
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NewsCMA warns of delay risk to Sainsbury's-Asda merger probe
The CMA’s response came after Sainsbury’s and Asda revealed they would lodge an application to the Competition Appeal Tribunal
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NewsPoundland posts strong growth in fourth quarter
Poundland’s growth was driven primarily by the introduction of Pep&Co clothing outlets in 300 branches
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NewsSainsbury’s and Asda request judicial review to extend CMA process
Sainsbury’s and Asda will today lodge an application for a judicial review of the Competition & Marketes Authority investigation into their proposed merger.
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NewsMedia Bites 12 Dec: Justin King, Grocery sales, Morrisons/Amazon
Marks & Spencer has drafted in grocery industry heavyweight Justin King as the struggling retailer embarks on a fresh crusade to revive profits
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NewsFirst quarter losses widen at 2 Sisters amid “substantial turnaround challenge”
2 Sisters owner Boparan has once more posted widening losses in its first quarter as it continues to tackle its “substantial turnaround challenge”.
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NewsPoundstretcher sales and profits drop as it expands estate
The Grocer revealed last week that Poundstretcher planned to convert the entire estate to the Bargain Buys banner
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NewsGrocery growth slows as Christmas looms
The latest grocery market share figures have showed the weakest supermarket sales growth since March 2017 as the industry heads into the vital Christmas trading period.
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NewsMedia Bites 11 Dec: Brexit, UK GDP, Electronic receipts
The pound fell to a 20-month low yesterday after business was left rattled by Theresa May’s decision to delay the Brexit withdrawal deal vote.
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NewsOppo crowdfunders offered deal to cash out by Swiss billionaire
Crowdfunding investors in low-sugar ice cream brand Oppo have been offered a deal to cash out for a healthy profit by the investment firm of Swiss consumer billionaire Hans-Peter Wild.
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NewsDanone pledges to recycle more plastic in Ecosurety tie-up
The deal will see Ecosurety manage Danone’s packaging and waste recycling obligations in the UK
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NewsHigh street footfall slumps in run up to Christmas
Black Friday failed to arrest a slump in shopper numbers in November according to the latest BRC Springboard Footfall and Vacancies Monitor, with expectations weak footfall will continue into Christmas.
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NewsMedia Bites 10 Dec: Christmas retail, Pipers/PepsiCo, Tesco trial
“Christmas gloom settles on the high street”, writes The Times as shopkeepers prepare themselves for the quietest festive period since the credit crunch.
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NewsSupermarket prices in deflation as festive period looms
Supermarket prices remained in annual deflation for a second consecutive month in November
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NewsMcColl's says P&H woes are behind it despite profit warning
The convenience retailer adjusted full-year EBITDA to £35m from the forecasted £44m
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NewsOMG Tea seeks up to £150k to increase distribution
Organic matcha tea brand OMG Tea is in discussions with potential investors as it looks to secure up to £150k to drive marketing and distribution.
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NewsGreencore eyes new categories amid M&A growth plans
Greencore is eyeing M&A opportunities in new categories including snacking after landing a cash windfall from the sale of its US business in October.
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NewsSushi Daily growth and Pret contract loss hits Taiko Foods
Waitrose sushi supplier Taiko Foods has fallen into the red after being hit by the growth of Sushi Daily and the loss of its Pret a Manger supply contract.
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NewsMedia Bites 7 Dec: Tesco trial, DS Smith, Nando's
There is heavy coverage of the collapse of the trail of two former execs, which is being described as a signficant blow to the Serious Fraud Office.