Finance news – Page 386
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NewsDavison Canners wins retail listing for new desserts range
Northern Irish food manufacturer Davison Canners has won supermarket listings for a new range of desserts after securing a £3.1m bank finance package to move all its production in-house, creating 50 new jobs in the process.
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NewsKevin Grace sues Tesco for wrongful dismissal
Grace lost his job after Tesco misreported its profits in 2014. He was accused on dismissal of “serious negligence”…
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NewsCity snapshot: Retail footfall slumps in run-up to Christmas
UK retail footfall fell by 2% year-on-year in October according to the BRC Springboard footfall and vacancies monitor – the largest rate of decline since the vote to leave the EU in June 2016. Plus sales jump but profits plunge at Carr’s Group and all the rest of the latest news from the City.
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NewsMedia Bites 13 Nov: MRH, Tesco, Nisa, Unilever
One of Britain’s largest petrol station operators MRH GB has picked banks to steer a £1.5bn stock market listing next year.
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NewsBakkavor cuts valuation to get IPO away
Bakkavor this morning dramatically announced its aborted stock market listing was back on just a week on from pulling its initial flotation after lowering its valuation to get the deal away.
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NewsMoy Park reports 'strong' sales growth in Q3
Revenues at Northern Irish poultry producer Moy Park rose 11.3% to £392.6m in the third quarter on strong volume growth, favourable exchange rate movements and recovery of cost inflation.
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NewsMarks & Spencer's food division hit by price inflation
For years, Simply Food has bailed out falling clothes sales at Marks & Spencer
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NewsPiccolo babyfood secures DSG £500k to fuel Far East growth
DSG Consumer Partners has invested £500,000 to support Piccolo’s growth ambitions in the UK and expansion outside Europe
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NewsIncoming Asda CEO Roger Burnley announces leadership team shakeup
Anthony Hemmerdinger is to be promoted to the role of senior vice president, retail operations director
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NewsCo-op Nisa deal still in the balance as decision day looms
As the deadline for Nisa members to vote on the Co-op’s £137m bid looms, the outcome is too close to call, say experts
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NewsLakes Distillery hits crowdfunding target of £1m in two days
The brand offered 2.21% of its equity to investors via Crowdcube
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NewsCity snapshot: £1bn Bakkavor IPO back on after rapid U-turn
A week to the day after pulling its London IPO because of “volatile” market conditions, Bakkavor has dramatically announced its listing is back on at 180p per share valuing it at just over £1bn. Plus, supermarket inflation stalls, HelloFresh UK doubles sales but losses grow, baby food brand Piccolo secures six-figure cash injection and all the rest of the latest news from the City
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NewsMedia Bites 10 Nov: Sainsbury's, Dairy Crest, Coca-Cola HBC
A dismal end to the summer and higher labour costs hit half-year sales and profits at Sainsbury’s.
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NewsSecond Bakkavor float 'must be sweetened'
Bakkavor will try to float again next year after pulling its London IPO at the 11th hour
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NewsWincanton sees profits jump despite Tesco contract loss
Chief executive Adrian Colman said the group had delivered a “good overall performance”…
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NewsMore customers than ever choose Sainsbury's but Argos losses drag on profits
Sales at Sainsbury’s jumped 17% to £16.3bn in the first half thanks to the acquisition of Argos, but losses at the catalogue retailer, keeping prices down and the national living wage all dragged down the supermarket’s profits.
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NewsMedia Bites 9 November: M&S, Tesco, Brexit, Christmas adverts
The spotlight falls on Marks & Spencer as the retailer generates acres of coverage after reporting its first half results. Plus, the Tesco trial continues.
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NewsBroadbent tells court of Dave Lewis call over profit black hole
Sir Richard Broadbent has told a court of the moment new CEO Dave Lewis called him to reveal the bombshell
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NewsLiam Fox concedes Brits 'won't stand for' chlorinated chicken
Softening in rhetoric by international trade secretary applauded by British Poultry Council CEO Richard Griffiths
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NewsSelect & Save switches supply deal from Nisa to Bestway
The convenience store symbol group’s five-year deal with Nisa ended on 30 April…