Finance news – Page 348
-
NewsSainsbury's bows to pressure on pay rate proposals
The supermarket announced an increase to its base pay rate from £8 an hour to £9.20
-
NewsFDF poll reveals confidence slump in Q1 2018
The survey also found more than half of businesses had seen product margins fall in Q1
-
NewsTurnover up 19% at premium petfood supplier MPM
Sales have surged a premium petfood manufacturer MPM Products, two years after being purchased by a private equity group
-
NewsCity snapshot: CMA opens Sainsbury’s/Asda investigation
The UK Competition and Markets Authority has opened its investigation into the Sainsbury’s/Asda retail mega-deal, asking interested parties to submit their initial views by 4 June. Plus, KP Snacks owner Intersnack has struck a cut-price deal to buy struggling Tyrrells, C&C Group to split Matthew Clarke and Bibendum and all the rest of the latest news from the City.
-
NewsMedia Bites 18 May: Ocado, Sainsbury's/Asda, Walmart
The papers are chocked full of coverage of what The Daily Mail has dubbed “the deal that turned Ocado into a global tech titan”.
-
NewsIntersnack strikes cut-price deal to buy struggling Tyrrells
KP Snacks owner Intersnack has struck a cut-price deal to buy Tyrrells and attempt to restore the brand to growth after a “phenomenal reduction in performance” under US ownership.
-
NewsMichael Saunders back as Bibendum CEO
Saunders joined Bibendum in 1982, staying with the company until its buyout by Conviviality in 2016…
-
NewsAsda hails 'genuine momentum' in sales growth
Asda reported 8.3% like-for-like growth in online grocery sales in the period, while George.com sales soared by 21.9%
-
NewsKP owner Intersnack buys Tyrrells
The owners of KP Snacks Intersnack has announced it has agreed to acquire Tyrrells from The Hershey Company
-
NewsBrexit labour shortages 'killing' fruit & veg sector
A Defra spokeswoman told The Grocer the government was “giving consideration” to what replacement labour arrangements might be necessary after Brexit
-
NewsOnline takeaway service Appetise is put up for sale
A message appeared on Appetise’s website saying orders were not being taken…
-
NewsC&C to decouple Matthew Clark and Bibendum after rescue from Conviviality administration
C&C CEO Stephen Glancey also shook off rumours C&C planned to sell Bibendum PLB to focus on Matthew Clark
-
NewsCity snapshot: Ocado signs US supply agreement with Kroger
Ocado shares have surged by almost 40% this morning after announcing it has signed a supply partnership with US grocery giant Kroger. Plus, Fever-Tree sees positive UK progress at the start of its financial year and appoints a new non-exec director, Mothercare announces restructuring plan and all the rest of the latest news from the City.
-
NewsMedia Bites 17 May: Pubs, SSP Group, Co-op
Pub stocks tumbled as the Beast from the East hammered first-half results and added to a string of challenges.
-
NewsGluten-free biscuit supplier Northumbrian Fine Foods bought by Biscuit International
Northumbrian Fine Foods, the UK’s leading gluten and milk-free biscuit manufacturer, has been purchased by French giant Biscuit International.
-
NewsPayPoint and Link pilot new cash withdrawal service
The PayPoint terminal will act like an ATM, removing the requirement for an additional machine
-
NewsDeliveroo to give all its employees share options
The longer staff are employed by the company, the more shares they will be able to accumulate
-
NewsC&C Group profits slide on Irish market struggles
Magners owner C&C Group’s profits took a tumble last year thanks to competitive pressures, FX challenges and one-off costs in its Irish homeland.
-
NewsMedia Bites 16 May: Discounters, Premier Foods, Deliveroo
Lidl and Aldi could be forced to reveal details of the inner workings of their growing empires as part of the investigation into Sainsbury’s merger with Asda.
-
NewsPremier Foods moves forward debt targets after accelerating sales
Premier Foods has pushed forward its target for paying down its debts by a year, following better than expected growth in 2017-18.