Finance news – Page 317
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NewsCity snapshot: Sainsbury’s posts first half underlying profit growth as second quarter sales improve
Sainsbury’s grew underlying profits by 20% in the 28 weeks to 22 September 2018 and recorded improved second quarter sales driven by the warm summer. Plus all the rest of the latest news from the City.
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NewsMedia Bites 8 Nov: M&S, John Lewis Partnership, Monster Beverage
The papers react to M&S’ half year results after bosses admitted the retailer required “significant further change” to turnaround falling sales.
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NewsM&S interim results: what the analysts say
Analysts react to another tough trading period for Marks & Spencer, with like for like food and clothing sales continuing to slide.
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NewsPayPoint and eBay link on Collect+ click & collect service
The eBay click & collect service will become available at 2,500 retailers
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NewsCity snapshot: Marks & Spencer warns 'change needed' as sales continue to slide
Marks & Spencer has warned that “further significant change is needed”, as it reported a decline in food and clothing sales. Plus all the rest of the latest news from the City.
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NewsMedia Bites 7 November: Morrisons, ABF, Fuel prices
Like-for-like sales growth at Morrisons slowed during the three months to Nov 4 after revenues at the supermarket chain were boosted in the previous quarter
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NewsNoveltea secures £340k funding after rejecting Dragon's Den offers
The alcoholic-tea start up rejected offers from three dragons on Sunday 4 November’s programme
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NewsPepsiCo snaps up premium crisps brand Pipers
Walkers owner PepsiCo has moved to buy premium crisps brand Pipers Crisp Co for an undisclosed sum.
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NewsPizza Express and Barburrito commit to Deliveroo deal
Wagamama and Azzurri have extended similar exclusive deals with Deliveroo…
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NewsCoconut snacks brand Ape bought by private investor
Ape Snacks has been acquired for an undisclosed fee as investor interest in healthy snacking continues to boom
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NewsBidfood retains Best Food Logistics as buyer withdraws bid
The Grocer understands a sell-off remains a key option for parent-company Bidcorp
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NewsCity Snapshot: Morrisons third quarter like-for-like sales rise 5.6% but retail growth slows
On a busy morning, wholesale growth boosts Morrisons’ third quarter sales but core retail sales slow, UK retail sales edge up by just 0.1% in October, ABF posts profit growth despite sugar woes, Greene King CEO steps down and P&H collapse hits profits at Imperial Brands.
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NewsMedia Bites 6 Nov: High Street sales, Crawshaw, Pipers
High Streets are facing a make-or-break Christmas as shoppers desert stores and flock online.
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NewsLidl raises basic pay to £10.55 in London and £9 elsewhere
The latest in a series of pay rises by the discounter marks an increase of 30% for London staff and 25% for those outside the capital
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NewsAdministrators for Crawshaws close 35 unprofitable stores
More than 350 staff have already lost their jobs, however, administrators hope to sell off the chain’s remaining 19 profitable stores
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NewsSuntory reduces forecasts as UK Ribena sales slide
Global soft drink giant Suntory reduced its earnings forecasts on the back of surging supply chain costs in Europe.
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NewsMedia Bites 5 November: Marks & Spencer, Patisserie Valerie, Sainsbury's
Marks & Spencer explored a radical plan to split into two separate businesses before concluding that the move would not generate value for shareholders
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NewsAlcohol deals help UK food and drink M&A shrug off Brexit jitters
A flurry of dealmaking in alcoholic drinks kept food and drink M&A ticking over in the third quarter, though deal numbers remain down so far in 2018.
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NewsDirect-to-consumer start up Pasta Evangelists seals £1.7m cash boost
The pasta supplier, backed by Prue Leith and Giles Goren, secured the investment in an equity fundraise led by Guinness Asset Management
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NewsKellogg's, Unilever and PepsiCo jostle to buy Graze
PE owner Carlyle is understood to be looking to secure a sale by Christmas