Finance news – Page 388
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Dave Lewis tells court of his 'shock' when told of Tesco profit black hole
Lewis said he became aware of the issue on 19 September 2014 having joined the company on 1 September as its new CEO
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Refresco tipped to get CMA green light for Cott deal
The CMA has launched a phase one investigation of the Refresco merger with Cott…
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Carlsberg drinks to cost cutting as it raises profits forecasts
The Danish brewer said in a third quarter trading update that its ‘Funding the Journey’ programme was progressing well and total benefits would be about DKK 2bn (£236m).
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Kraft Heinz logs first sales rise in more than two years but challenges remain
Kraft Heinz increased sales for the first time since the $100bn merger to create US food giant in 2015.
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Harrogate thirsty to boost retail listings as sales rise 21%
Harrogate Water Brands is eyeing more supermarket listings after posting another year of stellar annual sales…
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Morrisons pledges price freeze on 100 key Christmas lines
Pledge comes as Morrisons reported a 2.5% like-for-like sales increase in the third quarter of this year
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Dunnet Bay Distillers readies raft of craft spirits after £300k investment
The Rock Rose Gin maker will launch a new Winter Edition of its flagship line this month…
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Media Bites 2 November: Waitrose, Sainsbury's, Iceland, recipe boxes
The media spotlight shines on the Waitrose Food and Drink Report 2017 and finds big supermarket trollies are on the decline as Britons ditch the weekly shop, while vegetarian prepared meals, juniper berries and Sicilian wine are on the rise.
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City snapshot: Morrisons recovery continues as 'price crunch' proves hit with shoppers
Morrisons recovery continued in the third quarter as like-for-like sales rose 2.5%, with its ‘price crunch’ proving popular with shoppers. Plus, Carlsberg lifts full-year profit expectations, Kraft Heinz halts declining sales with a rise in the third quarter; and profits jump 26% at Tate & Lyle in the first half.
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Jesús Lorente to take over as Asda merchandising boss
Andrew Moore joined Asda in 2008 as director of George clothing
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Meurig Raymond to step down as NFU president after four years
Pembrokeshire farmer was first elected in 2014, and previously held post of deputy president during Peter Kendall’s eight-year term
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Pallet burning on Bonfire Night 'costs UK economy millions'
The average cost of a new pallet can be between £8 and £10
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Iceland pledges to accept round pound coins until end of 2017
Iceland had previously said it would accept the coins until 31 October
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BrewDog guns for Trump with 'Make Earth Great Again'
The new brew is made with water from melting Arctic ice caps…
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Refurb by prominent independent Dean Holborn grows sales 13%
Holborn’s store in Nutfield, Surrey, underwent a three-week refurbishment before reopening on 23 September…
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City snapshot: BRC-Nielsen finds food price inflation remains at 2.2% as fresh prices rise
Food price inflation remained at 2.2% in October, according to the latest BRC-Nielsen shop price index, but fresh food inflation is increasing while ambient inflation eased last month. Plus, Glanbia reports third quarter figures, clothing retailers fall after Next update and all the rest of the latest news from the City.
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Media Bites 1 Nov: Shopping habits, Interest rates, Just Eat
Jumbo trollies are on their way out, Britain now prefers blueberries to strawberries and sales of vegetarian ready-meals are on the rise, according to a new report on food shopping habits.
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Kellogg boosts sales for first time two years
Cereal and snacking giant Kellogg has increased sales for the first time in more than two years as its cost-cutting strategy and expansion into healthier foods showed signs of beginning to work.
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Lincolnshire Co-op reports record sales of £312m
The retailer said more chilled food and food-to-go products plus its store refurbishment programme had boosted results
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Improvements to HKS Retail food to go boosts sales 17%
The forecourt operator’s turnover rose to £120.9m for the year ending 31 May 2017…