Finance news – Page 358
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NewsMedia Bites 19 Sept: Post-Brexit VAT, Chlorine-washed chicken, Brexit contingencies
Britain’s biggest supermarkets have called for a VAT cut to protect customers from price rises in the event of a No Deal Brexit.
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NewsMPM sales continue to rise as owners keep spoiling pets
Sales at premium petfood manufacturer MPM Products have continued to rise as owners splurged on luxury meals for their cats and dogs
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NewsParfetts posts 10% jump in turnover as profits surge
The wholesaler’s like-for-like sales grew by 5%
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NewsInnocent launches in Japan, with plans for China debut next year
A trio of the brand’s smoothies have landed in Tokyo in 3,000 7-Eleven stores as well as other retailers
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NewsCity snapshot: Science in Sport first half losses top £3m despite sales surge
Science in Sport has widened pre-tax losses from £2.6m to £3.1m in the half-year to the end of June on revenue that soared from £9.9m to £24.9m. Plus all the rest of the latest news from the City.
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NewsMedia Bites 18 September: Ocado/M&S, Grocery market share, Brexit stockpiling
Ocado has claimed it could start delivering M&S groceries earlier than next September when it switches from its long-term partnership with Waitrose.
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NewsGreat British Porridge Co rejects Dragons’ Den cash as post-show sales rocket
The Sussex-based all-natural porridge maker will now seek to grow through outside investment after turning down an offer on BBC One’s Dragons’ Den.
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NewsExponent buys specialist foods wholesaler East End Foods
Exponent confirmed that several members of the Wouhra family would continue with the £200m turnover business
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NewsHi-Line Wines blames collapse on increased supermarket competition
A winding up petition was presented in August by Kingsway Asset Finance, which claims to be a creditor of the company
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NewsOcado could sell M&S products ‘before September 2020’ says CFO
Ocado said it might be in the interests of suppliers to introduce M&S’s full range of 6,500 products gradually
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NewsAsda shrugs off Brexit uncertainty as sales growth accelerates
Fresh food availability had improved as a result of changes to its supply chain and store processes
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NewsCity snapshot: Bank holiday sun helps grocery market back into growth
The grocery market has returned to growth with a 0.5% uplift in value sales, the latest grocery market share figures from Kantar show. Plus, Ocado Retail grows third quarter revenues by 11.4%, plus all the rest of the latest news from the City.
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NewsMedia Bites 17 September: Aldi, Asda, Meat Substitutes
Aldi has revealed plans to more than double the number of outlets within London’s M25 thanks to smaller-format shops proving more successful than it had expected
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NewsAldi may open more than 50 Local stores in London, says Giles Hurley
Hurley said Aldi’s London estate could grow from the current 45 to 250, more than 50 of which could be Aldi Locals
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NewsPret a Manger names Clare Clough UK MD
Clough oversaw the introduction of Pret’s allergy plan over the past year
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NewsUK vaping industry distances itself from growing alarm in US
The Centers for Disease Control and Prevention in the US reported last week a “multistate outbreak of lung disease” associated with vaping
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NewsCity snapshot: Aldi pledges to double London store count despite 18% profits drop
Aldi has announced plans to double its store footprint inside the M25 after posting an 18% drop in pre-tax profits despite a double digit sales increase. Plus, second half growth surges at Finsbury Food Group and all the rest of the latest news from the City.
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NewsMedia Bites 16 September: Sainsbury’s, Asda, Tesco/Jack’s
Sainsbury’s Mike Coupe warned that in the event of a no-deal Brexit fresh food supplies will be hit.
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NewsRaw Halo returns to Crowdcube to fund listings in major retailers
Vegan chocolate maker Raw Halo has kicked off its third crowdfunding campaign to fund expansion into major mainstream retailers
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NewsSnaffling Pig to seek cash for wider pork market expansion
The Berkshire-based business hit Crowdcube this week seeking £750k in exchange for a 7% stake