Finance news – Page 409
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NewsMorrisons and McColl’s strike landmark supply deal
Morrisons will supply grocery goods across McColl’s estate under the relaunched Safeway brand
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Morrisons signs McColl’s supply agreement: What the analysts say
McColl’s Retail Group has signed a deal with Morrisons to supply grocery goods across its estate under the relaunched Safeway brand. Here’s how the analysts reacted.
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NewsMedia Bites 1 Aug: Unilever, EU subsidies, Heineken
A former boss of Marks & Spencer and an ex-Unilever chief operating officer are being lined up to play key roles in the £6bn auction of Unilever’s spreads business, according to Sky News.
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NewsCity snapshot: Safeway brand returns as Morrisons signs McColl’s supply agreement
McColl’s Retail Group has signed a deal with Morrisons to supply grocery goods across its estate under the relaunched Safeway brand.
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NewsFresh-Range smashes £300,000 crowdfunding target in 24 hours
Bristol-headquartered Fresh-Range has so far raised £343,000 from 135 investors on the Seedrs platform in return for an 8% stake, valuing the business at £3.5m.
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NewsCleveland Meat Co collapses with loss of 68 jobs
The collapse of Cleveland Meat Co comes after the FSA shut the business down temporarily in June when it found evidence of “serious deficiencies” at the firm’s Stockton site.
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NewsPalmer & Harvey understood to be seeking more financing
The delivered wholesaler has asked PwC to seek out new outside investors, according to The Telegraph
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NewsTesco to close accounts of tens of thousands of bank customers
Tesco Bank has written to Clubcard Plus account holders to warn them that all accounts will be closed
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NewsOne Stop franchise chief Andrew King exits Tesco
Andrew King is leaving as part of a wider restructure of Tesco operations, said the retailer
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NewsMedia Bites 31 July: Palmer & Harvey, Booths, Brexit, Scotch whisky
Beleaguered cigarette supply giant Palmer & Harvey has sent out an SOS cash call as a September debt deadline looms; and the family owners of Booths may have to pump more cash into the upmarket northern grocery chain.
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NewsCity snapshot: Tesco delisting hurts Heineken volumes
Heineken has increased first-half sales by 5.7% to €10.5bn (£9.4bn) despite the delisting of its brands by Tesco holding back volume growth.
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NewsBritish American Tobacco reports falling cigarette sales
But profits were up amid post-Brexit currency fluctuations
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NewsAt least five companies bidding to supply McColl's
The convenience chain confirmed it had officially put its two main supply deals out for retender…
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News'Aggressive' Amazon Fresh hunts for more third party sellers
The growing online grocery business has advertised for someone to head up its UK Amazon Fresh Marketplace team…
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NewsM&A activity gains pace as weak sterling spurs bargain hunters
Food & drink deal activity increased substantially in the second quarter
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NewsDiageo's progress receives enthusiastic reception in the City
For some time Diageo has been wrestling with slowing emerging markets growth
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NewsCity snapshot: Carlyle Cardinal Ireland readies Lily O’Brien’s sale
Irish chocolate firm Lily O’Brien’s has been put up for sale by its owner Carlyle Cardinal Ireland. Plus, consumer confidence falls back to post-Brexit lows, what happened on the market’s ‘Super Thursday’ and all the rest of the latest news from the City.
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NewsMedia Bites 28 July: Diageo, Nestlé, P&G, Boots
The world’s biggest drinks company rewarded investors for their patience during the turnaround of the past four years with a £1.5bn share buyback programme, writes The Times.
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NewsIrish chocolatier Lily O'Brien's put up for sale
Irish chocolatier Lily O’Brien’s has been put up for sale by its private equity owner with a price tag of €50m (£45m)…
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NewsMult c-store food to go rakes in extra £36m
Food to go sales rose by 5% across the entire convenience channel