Finance news – Page 32
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NewsMedia Bites 11 January: Sainsbury’s, Greggs, BrewDog
Trading updates from Sainsbury’s and Greggs dominate business headlines this morning, but BrewDog’s controversial move to drop new workers from the Real Living Wage also gained plenty of column inches
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NewsAsda owners ‘more than comfortable’ with supermarket’s £4bn debt pile
A senior exec at Asda co-owner TDR Capital has told lawmakers the supermarket’s owners are “more than comfortable” with its debt pile are taking a long-term view of its growth prospects
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NewsGreggs reports strong Christmas trading as sales improve 9% in Q4
Greggs’ record sales in 2023 are the result of a series of strong factors, including a good performance in Q4
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NewsSainsbury’s records ‘strong’ Christmas sales as premium demand increases
Sainsbury’s saw its ‘best ever year’ for sales of mine pies and premium cheese
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NewsVFC Foods eyes more acquisitions as it aims to become ‘vegan Unilever’
Veganuary founder Matthew Glover will be taking a more hands-on role at the group this year
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NewsMedia Bites 10 January: Asda, Christmas retail, Danone
The private equity owner of UK supermarket chain Asda defended its controversial buyout of the business, as it faced a grilling from politicians
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NewsCity snapshot: Sainsbury’s boosts volumes as Nectar Prices and Taste the Difference win over Christmas customers
Sainsbury’s has boosted food volumes by more than the wider grocery market over Christmas thanks to its Nectar Prices promotions and shoppers trading up to its Taste the Difference range. Plus, full-year trading updates from Greggs and Vimto maker Nichols
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NewsExpat favourite British Corner Shop enters administration
The Bristol-based online retailer has ceased trading with all 20 employees made redundant
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NewsSt Pierre Groupe appoints Sarah Boddy as new boss
Boddy will take the reins from David Wagstaff, who has left the bakery supplier for ‘new ventures’
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NewsCranswick bolts on pork processor Froch Foods
Meat processor Cranswick has completed a bolt-on acquisition of Yorkshire-based bacon supplier Froch Foods to boost its capacity
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NewsCrosta & Mollica secures backing from Perwyn and brings in David Milner
The Italian food brand has secured private equity investment from Perwyn to maintain rapid growth and support international expansion, with fmcg heavyweight David Milner brought in as chairman
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NewsCity snapshot: Grocery spending hits record £4.8bn in Christmas week
Sales at the UK supermarkets reached a record high of £4.8bn during the week leading to Christmas
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NewsMedia Bites 9 January: Dry January, Majestic Wine, Christmas sales
The Grocer exclusive that Britain’s biggest supermarkets have been increasing the cost of low and no-alcohol drinks for Dry January makes headlines this morning
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NewsGriffiths Family Foods acquires Framptons egg division
Griffiths Family Foods has taken control of the non-core egg division of Framptons to expand the business into the foodservice sector
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NewsFIS Group acquires Cambridge Market Research
The deal will allow Cambridge Market Research MD Paul Beresford to retire, after more than 20 years at the business’s helm
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NewsMedia Bites 8 January: Retail jobs, Christmas retailer results, Asda
Almost 120,000 retail jobs were lost in the UK last year and more than 10,000 shops shut their doors as businesses grappled with inflation and economic headwinds
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NewsCity snapshot: Eagle Eye wins major contract with Canada’s Pattison Food Group
Grocery software provider Eagle Eye has signed a five-year contract with one of Canada’s largest supermarket chains, with the deal also including a first win for the group’s AI offering
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NewsSupreme acquires sports nutrition supplier FoodIQ UK from administration
Listed consumer goods group Supreme has acquired plant-based supplier FoodIQ UK from administration for £175k to broaden its portfolio
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NewsCity snapshot: UK retail footfall weakens in damp December
Wet weather and the cost of living crisis combined to drive a sharp reduction in UK retail footfall over the Christmas period. Plus Asda to price match the discounters and Supreme buys FoodIQ UK from administration
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NewsMedia Bites 5 January: PepsiCo/Carrefour, Boots, UK farming
French food retailer Carrefour has said it will no longer sell PepsiCo products because they have become too expensive