Finance news – Page 363
-
NewsEthical Butcher gears up for £350k crowdfunding drive
The West London supplier is set to offer 19.44% equity, with funds raised earmarked to set up a home delivery arm
-
NewsCity snapshot: Bakkavor full year sales up 4.6% but listing costs hit profits
Ready meals supplier Bakkavor has announced a solid increase in full-year sales and net income in its maiden set of results since becoming a plc
-
NewsMedia Bites 28 Feb: Unilever, Greggs, Inflation
Unilever’s chief executive has expressed regret over steps the company took last year to woo shareholders in the wake of Kraft Heinz’s unsolicited $143bn takeover approach.
-
NewsEasing food price inflation deepens overall retail deflation
Shop prices have eased in February, according to the latest British Retail Consortium and Nielsen Shop Price Index, as deflation increased to 0.8% amid easing food price inflation.
-
NewsRanjit Singh Boparan steps down as CEO of 2 Sisters after 25 years
Singh will become president of Boparan Holdings Limited, the parent company of 2 Sisters. The process of finding a new CEO has started
-
NewsConsumer spending power still on the wane, according to Asda
Average spending power fell again in January to extend the squeeze on household incomes, according to the latest Asda Income Tracker.
-
NewsGreggs boss warns of rising costs even as commodity inflation eases
Greggs’ chief executive Roger Whiteside has warned that 2018 will be a year of significant cost headwinds, due to wage inflation and auto enrolment pensions.
-
NewsMotor Fuel Group agrees £1.2bn deal for MRH
Private equity-owned Motor Fuel group has announced it has agreed to acquire MRH in a deal valued at £1.2bn to form UK’s biggest forecourt operator.
-
NewsEU-negotiated trade deals worth £2bn in exports, says FDF
The latest export figures from the body show full-year exports of food and drink were worth over £22bn in 2017, up 9.7% on 2016
-
NewsCity snapshot: Greggs battles rising costs and "challenging" economy to post sales rise
Greggs has shrugged off worries over high street spending to record a small improvement in underlying pre-tax profits, due to the store expansion and improvements made to product ranges.
-
NewsMedia Bites 27 Feb: ABF, Hammerson, Alibaba
The mixed performance of Primark dominates this morning’s write-ups of Associated British Foods’ Monday trading update
-
NewsMcColl's breaks £1bn sales barrier thanks to new stores
Total revenues in 2017 jumped 19.1% to £1.1bn following the integration of the 298 shops acquired from Co-op
-
NewsScots government decides to set minimum unit price of 50p
The decision was made after a public consultation on the issue, with 130 responses received, of which 74% were in favour of a 50p minimum
-
NewsWessanen names Emma Vass as its UK chief executive
Vass has 20 years experience in fmcg, most recently as UK general manager of herbs & spices supplier McCormick
-
NewsTesco 'to trial discounter brand in mothballed stores'
The plans are said to be being spearheaded by Tesco retail director Lawrence Harvey, a former Aldi exec who has been given a large team to take on his former company and Lidl
-
NewsStarbucks launches 5p charge on paper cups across 35 stores
Baristas will also offer to serve drinks in ceramic cups to all customers drinking in-store
-
NewsCity snapshot: Associated British Foods reports sugar and Primark slowdown
Associated British Foods (ABF) has announced it expects to post a first half fall in revenues in its sugar division and a like-for-like sales drop at Primark, though grocery continues to grow. Plus, Hilton Food Group extends Aussie partnership with Woolworths, Tesco and Booker seek shareholder approval for merger this week and all the rest of the latest news from the City.
-
NewsMedia Bites 26 Feb: Unilever, Tesco/Booker, 2 Sisters
Top shareholders warn Unilever over plan to leave the UK, judgment day nears on Tesco’s £3.7bn takeover Booker and 2 Sisters puts Irish fish supplier Donegal Catch up for sale.
-
NewsHigh street pressures tell on Eat as losses mount
The pressures troubling the casual dining sector are also affecting the quick service restaurants, with newly filed accounts for sandwich chain Eat showing pre-tax losses rose from £1.5m in 2016 to £3.7m last year - its fifth consecutive year of losses.
-
NewsRetail bodies back Brexit transition flexibility
Retail leaders have welcomed the government’s intentions for the transition period to last “as long as it takes”