Finance news – Page 393
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NewsEx-One Stop franchise boss Andrew King is MD at Select & Save
Former One Stop franchise boss Andrew King has taken over as MD of Select & Save…
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NewsABP £22m AD plant opens by Arla dairy
Olleco will supply power to Arla as part of a new partnership
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News2 Sisters boss Ranjit Singh summoned by Commons Committee
Singh, the FSA, Red Tractor and the British Poultry Council have all been called to give evidence to the Efra Committee on 25 October
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NewsWestons targets 40% growth in five years with brand overhaul
A new logo will roll out from late October across all consumer and trade touchpoints…
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NewsMedia Bites 12 October: Booths/Amazon, Bakkavor, 2 Sisters, Unilever
Amazon expanding its UK grocery delivery with the ‘Waitrose of the North’ grabbed the attention of the papers.
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NewsCity snapshot: Healthy first half for Booker as it awaits CMA verdict on Tesco merger
Profits at Booker leapt 9% in the first half as the wholesaler increased revenues by 2.5% to £2.6bn despite a declining tobacco market. Plus, the travel arm of WH Smith overtakes the high street for the first time as the retailer announced full-year results; and the CMA gives the green light to Just Eat for the £200m takeover of Hungry House
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NewsCostcutter owner Bibby Line Group plunges to £66m pre-tax loss
Costcutter owner Bibby Line Group has plunged from an annual profit of £30m to a pre-tax loss of £66m amid turmoil in its oil and gas-focussed offshore division.
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NewsOverhang hits £150k crowdfunding target
It has raised £153,000 from 237 investors on the Crowdcube platform in return for 5.8% equity, valuing the business at about £2.5m.
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NewsWestons Cider doubles bottling capacity with £1.5m funding package
Westons Cider has invested in new bottling technology to double its production capacity after securing a £1.5m bank funding package.
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NewsBooths heads south with listing on AmazonFresh
Hundreds of products will be available on Amazon’s online grocery site, which services 302 Southern postcodes
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NewsOnline grocery market set to grow over 50% by 2022, predicts IGD
The rise of omnichannel shoppers is due to take sector’s value from £10bn to £16bn…
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NewsDiscounters driving growth at out-of-town shopping centres
New research by Savills shows a boom in the location of discounters and other value stores at out-of-town locations….
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NewsCity snapshot: P&G denies activist investor Trian a board seat in proxy battle
Procter & Gamble looks to have successfully fended off the attempt by activist investor Nelson Peltz to win a seat on the consumer giant’s board after one of the biggest ever proxy battles witnessed in the US
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NewsMedia Bites 11 October: Nisa/Co-op, Bakkavor, Tesco, P&G, HelloFresh
Nisa recommends £143m Co-op takeover to members; Bakkavor unveils plans to float in London; the Tesco trial continues; and P&G fends off activisit investor.
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NewsTesco shakes up commercial team with changes to buying
The retailer says it wants to create greater strategic and longer-term deals with fresh food suppliers
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NewsDiageo to resurrect 'lost' single malt distilleries with £35m cash injection
The spirits giant is poised to reopen distilleries in Brora, Sutherland, and Port Ellen, Islay…
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NewsDavid Stead joins Majestic Wine as non-executive director
The former CFO of home furnishings retailer Dunelm and finance director at Boots will take up the role next month
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NewsCo-op’s £143m bid for Nisa to be put to the vote by members
It’s up to members now to decide as Nisa recommends Co-op’s offer
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NewsCity snapshot: Bakkavor kicks-off £100m London float
The UK’s biggest ready meals supplier Bakkavor has announced its intention to raise £100m by floating a portion of its shares on the London Stock Exchange. Plus, higher food prices drive up September retail sales according to BRC/KPMG, Marton’s updates the market on full-year performance and all the rest of the latest news from the City
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NewsMedia Bites 10 October: Retail sales, Diageo, Amazon
The chances of the first rise in interest rates in more than a decade have grown after Britons shrugged off economic uncertainty to hit the high street in September, writes The Times.