Finance news – Page 387
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NewsCity snapshot: Tesco profits surge as turnaround nears completion
Tesco beat analyst expectations to deliver a 29% surge in pre-tax profits, Diageo and Greggs add non-executive directors and the rest of the news from the City
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NewsMedia Bites 10 April: US tariffs, Philip Morris International, Cake Box
US officials revealed an $11bn list of European tariff targets, including cheese and wine
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NewsLidl shrinks size requirements for new London store openings
Lidl’s maximum size for either London or nationwide remains unchanged at 26,500 sq ft
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NewsHolland & Barrett rapped over 'poor payment practices'
The investigation into Holland & Barrett was sparked by a complaint from a technology consultancy
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NewsRetail sales growth slows amid Brexit uncertainty
UK retail sales growth significantly slowed in the first three months of the year amid Brexit-related caution, specialist cake retailer Cake Box saw reported a slowdown in like-for-like sales and the rest of the City news
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NewsMedia Bites 9 April: Retail sales, Tesco, Holland & Barrett
Growth in UK retail sales slowed markedly in the first three months of this year as Brexit uncertainty made shoppers more cautious
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NewsBrewDog pushes spirits with whisky, gin and vodka launches
It has signed a deal with Waitrose to stock its Transistor whisky
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NewsTesco set to reveal bumper profits boost
Tesco is set to announce its biggest annual profit since the accounting scandal that dogged the UK’s biggest supermarket in 2014. Plus, board changes at Total Produce, a look forward to the week in the City and all the rest of the latest finance news.
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NewsMedia Bites 8 April: Tesco, Premier Foods, The Co-op
Tesco is working on a new loyalty scheme in the mould of Amazon Prime, which would give its tens of millions of shoppers greater incentives to sign up to the company’s bank and mobile phone services.
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NewsUS sweet potato imports to the UK suffer amid shortages
Two hurricanes hit North Carolina – which produces 60% of the US’s sweet potatoes – in the second half of 2018
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NewsBumper sales at Inspired Pet Nutrition but profits fall back
The owner of pet food brands Wagg and Harringtons grew annual sales by 17.3% last year to £91.3m but profits were held back by its reluctance to push cost increases though to higher prices.
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NewsMeatsnacks Group bought by Kings owner in consolidation move
Tony Quinn has bought the Wild West maker to bring together the UK’s two biggest biltong and jerky suppliers
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NewsElla's Kitchen sales and profits surge amid sustainability push
The organic baby food supplier saw profits soar 23% to £10.4m during the year to 30 June 2018
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NewsProfits slide at Tayto despite acquisition sales boost
The Northern Irish crisp giant saw pre-tax profits fall 62% despite new acquisitions boosting sales
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NewsTesco shelves promotions, citing 'Brexit planning'
The supermarket giant is understood to have emailed and spoken to suppliers to tell them it is prioritising Brexit planning
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NewsCity snapshot: Booming food sales drive profits boost at The Co-op
The Co-op has posted a double-digit rise in annual sales and profits last year as strong food performance boosted growth. Plus, March’s high street figures fail to rebound from Beat from the East all the rest of the latest news from the City.
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NewsMedia Bites 5 April: Brexit, High street, Mothercare
Cereal farmers have said leaving the EU without a deal would be “catastrophic” and the continued uncertainty is having a huge cost to business.
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NewsGlobal Brands sales surge 19% on back of product innovation
Sales growth accelerated at VK-owner Global Brands, taking annual sales past the £50m mark for the first time
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NewsCoca-Cola dismisses Irish milk processing facility rumours
A report in the Irish media claimed Coke had met with dairy industry officials
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NewsWholesale onion prices almost double after 40% harvest drop
Almost half of onion SKUs in the mults are more expensive than they were six months ago