Finance news – Page 398
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NewsMedia Bites 1 Feb: Patisserie Valerie, Asda, Unilever
Patisserie Valerie, the café chain that crashed into administration last week, looks increasingly likely to be sold off in chunks, with its unreliable accounts deterring even those bidders that specialise in distressed companies.
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NewsSushi Gourmet owner Hana Group acquired by Permira
The global fresh sushi retailer, which is partnered with Sainsbury’s in the UK, has been acquired after four years under the ownership of TA Associates
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News'Huge win' for Asda workers in equal pay dispute
Lawyers taking action against Asda said the judgment was a major step forward in the fair pay battle
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NewsJason Richards named as new PepsiCo UK general manager
The PepsiCo veteran will replace Ian Ellington, who has been appointed to a new position in Europe & Sub-Saharan Africa
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NewsCity snapshot: Unilever's underlying annual sales rise 3.1%
Unilever has posted underlying annual sales growth of 3.1% despite “challenging” market conditions. Plus, Diageo first half sales up 5.8%, Stock Spirits buys Italy’s Distillerie Franciacorta and the rest of the latest news from the City.
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NewsMedia Bites 31 Jan: Graze, Patisserie Valerie, High Street closures
Anglo-Dutch consumer goods giant Unilever is leading a pack of bidders for Graze amid transatlantic interest in a takeover of the snack-food brand.
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NewsShop prices rise at highest rate in almost six years
Shop prices in January jumped at the highest rate in almost six years despite post-Christmas discounts, data from the British Retail Consortium (BRC) suggests.
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NewsMedia Bites 30 Jan: Patisserie Valerie, Tesco, Price inflation
The PE firm that rescued Little Chef from collapse is among the front runners in the race to acquire most of the remaining Patisserie Valerie business
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NewsJobs at risk as Oddbins prepares to appoint administrators
The wine merchants is preparing to enter administration for the second time in eight years
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NewsCrediton Dairy invests £12m to increase processing capacity
The investment at Crediton’s headquarters will see it build a second production hall containing two new high-speed fillers
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NewsFood to go drives 5.8% organic first quarter uplift for Greencore
Sandwich giant Greencore has posted a 5.8% rise in first quarter like for like sales.
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NewsMedia Bites 29 Jan: No-deal Brexit, Tesco, Oddbins
A no-deal Brexit threatens the UK’s food security and will lead to higher prices and empty shelves in the short-term, retailers are warning.
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NewsProfits grow at Young’s Seafood as sale process stalls
EBITDA jumped 13.3% to £23m in the full year to 30 September 2018
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NewsPatisserie Valerie rescue talks planned for next week
Administrators for Patisserie Valerie and the chain’s management team are expected to meet potential bidders next week in a bid to strike a rescue deal for the collapsed cake retailer.
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NewsSupermarkets warn of chaos and empty shelves threat from no-deal Brexit
The letter signed by supermarket chiefs said without a deal ‘millions’ of UK consumers would suffer
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NewsTesco confirms major restructure plans to staff
The UK’s biggest retailer is thought to be planning an overhaul of its fresh food counters and bakeries
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NewsCity snapshot: Tesco reportedly to 'cut up to 15,000 jobs' by axing fresh food roles
Tesco to embark on a fresh round of cost-cutting, Ocado and M&S in secret talks and the rest of the news from the City
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NewsMedia Bites 28 Jan: Tesco, Ocado/M&S, Patisserie Valerie
Tesco could axe up to 15,000 jobs in a cull that is expected to put some of its meat, fish and delicatessen counters in the firing line.
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NewsSamworth Brothers to close Kensey Foods dessert business
The proposed closure of the Launceston-based factory has put 650 jobs at risk
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NewsCrawshaw owed more than £15m after administration
Crawshaw Group shut 35 of its 54-store portfolio across the north and Midlands when it crashed into administration in October