Finance news – Page 325
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NewsMedia Bites 25 Sept: Tesco, Unilever, Amazon
Tesco is in line to face the biggest fine on record from the UK financial watchdog for a cyber-related fraud
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NewsRussell Hume administrators destroyed £8.5m-worth of meat stock
KPMG said the figure was likely to rise further once the FSA’s ongoing investigation into potential criminal activity at Russell Hume was completed
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NewsGilberts Foods falls into administration
The Heysham-based business appointed Cowgill Holloway Business Recovery as administrator on 4 September…
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NewsFrench supermarket Casino 'rejected Carrefour takeover approach'
French supermarket chain Casino says it rejected a potential takeover approach from hypermarket Carrefour, a claim which Carrefour denies.
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NewsMedia Bites 24 Sept: The Co-Op, Casino/Carrefour, Unilever
The Co-op is to be the first major supermarket in the UK to replace single-use plastic carrier bags
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NewsCommodity price hikes dent profits at UB and Finsbury Food
Brexit-related commodity inflation has eaten into the profits of two more major UK food suppliers, according to figures released this week.
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NewsAllplants recieves £7.5m cash injection to accelerate growth
The vegan delivery company will use the funding to build a new sustainable base for the business
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NewsCoconuts Naturally secures investment after Dragon snub
The vegan ice cream manufacturer walked away from financial backing secured on Dragons’ Den in favour of a private investor
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NewsMedia Bites 21 Sept: Retail Sales, Diageo, Deliveroo
The hot summer and a recovery in real incomes have given Britain’s struggling retailers a reprieve
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NewsTim Rycroft made chief operating officer at the FDF
Rycroft joined the FDF in September 2015 as director of corporate affairs
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NewsJack's locations: where Tesco is recruiting for the next five stores
Tesco has announced plans to open up to 15 new Jack’s discount stores across the UK within the next six months
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NewsPoundstretcher hires Nadir Lalani as executive chairman
Lalani founded 99p Stores in 2001 and was CEO before the discount chain was sold to rival Poundland in 2015
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NewsEmerging markets volatility to hit Diageo’s profits
Weakness across a basket of emerging markets currencies is expected to reduce Diageo’s 2019 sales and profits, CEO Ivan Menezes has announced this morning.
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NewsMedia Bites 20 Sep: Tesco/Jack's, Sainsbury's/Asda, Unilever
“Drastic Dave brings back Slasher Jack” is the headline in The Times as the papers focus heavily on the launch of Tesco’s discount proposition to rival Aldi and Lidl.
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NewsTesco unveils new discount grocery chain Jack’s
The chain, named after Tesco founder Jack Cohen, will carry roughly 2,600 product lines and focus on British sourcing
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NewsCity snapshot: CMA launches in-depth probe in Sainsbury's-Asda merger
The Competition and Markets Authority (CMA) has referred the proposed merger between Sainsbury’s and Asda for an in depth review, Swiss private label chocolate giant Barry Callebaut has acquired chocolate manufacturing facilities from Burton’s Biscuits and the rest of the news from the City.
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NewsMedia Bites 19 Sept: Tesco, Sainsbury's/Asda, Starbucks
Tesco will unveil its discount chain Jack’s today as the major supermarkets continue to lose market share to Lidl and Aldi
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NewsOcado third quarter sales rise 11.5%
Ocado has posted an 11.5% retail sales rise in its third quarter, driven by a double-digit rise in customer numbers.
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NewsMartin Race to be replaced by Dawood Pervez as MD of Bestway
Bestway leadership changes effective 30 November
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NewsPatrick Müller confirmed as Müller Milk & Ingredients MD
The Swiss, who is also CEO of Müller’s Milk & More doorstep delivery service, replaces Andrew McInnes in the role