Finance news – Page 322
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NewsAldi and Lidl campaigns respond to Tesco 'cheaper' claim
Both discounters have claimed typical baskets at their stores are cheaper than at Tesco
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NewsBrewDog reveals plans for chilled supply and startup support
BrewDog has long been pushing to increase chilled beer storage throughout its supply chain
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NewsCity snapshot: Greggs sales up 7.3% in third quarter
Food to go bakery chain Greggs has reported a 7.3% sales jump in its third quarter, driven by like-for-like growth and new store openings. Plus, UK retail sales fall 0.2% in September and all the rest of the latest news from the City.
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NewsMedia Bites 9 Oct: Tesco, Retail sales, Unilever
Two former directors at Tesco have gone on trial, accused of manipulating figures that resulted in the firm’s profits being overstated by £250m
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NewsBanham Poultry rescued from administration saving 1,000 jobs
The family-run chicken producer was hit by a “perfect storm” of margin pressures from retailers and increases in feed prices
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NewsRetrial of Tesco executives Chris Bush & John Scouler begins
The evidence came as a retrial began into the 2014 profits scandal that saw Tesco lurch into its worst-ever financial crisis
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NewsSweet-maker Smith & Sinclair secures £2m cash injection from VC fund
The London start-up, which launched the ‘world’s first’ alcoholic cocktail gummies, has received the funding to drive NPD and international expansion
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NewsJuice maker Daily Dose reaches out for £300k to support new factory
The food-to-go and convenience supplier is raising the funds on a CrowdCube campaign to finance an increase in production
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NewsBurton’s Biscuits slumps into red after Cadbury licence sale
The Jammie Dodgers maker suffered a £15m pre-tax profit loss as the result of ‘lower co-manufactured volumes’ by 27%
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NewsBlack Sheep Brewery reports profit after five 'tough' years
The Yorkshire-based brewer posted pre-tax profits of £22,841 for the year ending 31 March 2018, its latest results reveal
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NewsUnite considers legal action against Sainsbury's in pay row
Base pay for Sainsbury’s shop floor staff increased last month but other changes caused take-home wages to fall for some
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NewsCity Snapshot: Nestlé vows to blacklist palm oil suppliers
Swiss food giant Nestlé has announced plans to blacklist palm oil suppliers which fail to comply with its responsible sourcing policy, Unilever’s board continues to face shareholder pressure over its HQ U-turn and what’s on in the City this week.
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NewsMedia Bites 8 October: Tesco, Unilever, Amazon
Tesco’s chief executive Dave Lewis has called for a windfall tax on internet shops to help lift Britain’s struggling store chains
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News'Future of food' Huel raises £20m to fund global expansion
Huel plans to use the funding to accelerate its expansion into new territories and support growth in the US and Europe
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NewsRed Bull grows UK sales as regulatory energy drinks threat looms
Red Bull has posted doubled-digit annual sales and volume growth in the UK and Ireland as the UK government mulls legislation to curb energy drink sales to children.
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NewsCity News: Analysts suggest Tesco 'on track' despite shares plunge
Operating profits rocketed 24% to £933m in the half-year to 25 August, but overseas failings meant it missed overall forecasts
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NewsLavazza to buy Mars' coffee business for reported $650m
Lavazza has agreed to purchase the drinks supplier, which includes two leading brands in the office coffee service and vending machine segments
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NewsKettle Foods falls to pre-tax loss amid 'intense' competition
Kettle Foods has fallen to a pre-tax loss in the UK after it lost a big chunk of market share and was dragged into an intense promotional war for shelf space.
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NewsFentimans reports another year of bumper sales growth
Premium soft drinks and mixer producer Fentimans has reported another year of booming sales, though its profits were hit by investment in brand growth.
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NewsCity Snapshot: Unilever scraps plan to move HQ from London after investor opposition
Unilever has scrapped its plan to move its headquarters to the Netherlands after a groundswell of opposition from investors in the UK, Kettle Foods has made a loss in the UK amid immense competition for shelf space and the rest of the City news