Finance news – Page 418
-
NewsWholesaler Wing Yip reports £2m fall in turnover to £101m
The Birmingham-based company’s pre-tax profits rose by £70,000 to £4.8m
-
NewsMedia Bites 21 June: Tesco, Sainsbury's, Nestlé
A computer glitch at Tesco causing customer chaos, the Sainsbury’s Nisa rumours and a US acquisition for Nestlé all find a spot in this morning’s papers.
-
NewsCity snapshot: Sales growth at Costa helps Whitbread with 'good' start to the year
Sales at Costa have increased by almost 9% in the first quarter as owner Whitbread reported a “good” start to the year, but like-for-like growth in the UK for the coffee chain continues to slow.
-
NewsShetland Mussels nets multimillion-pound funding package to double production
Rope-grown mussels producer Shetland Mussels has secured a multimillion-pound finance package to help double production.
-
NewsDunbia deputy CEO Tony O'Neill to retire
Dunbia has shaken up its management team in the aftermath of the Dawn Meats merger with deputy CEO Tony O’Neill to step down.
-
NewsGermany's grocery market set to grow 10.5% to €259bn by 2021
The online channel is set to grow the most, by 244.4%, although this is from a small base
-
NewsJBS announces intention to sell Moy Park
Beleaguered Brazilian meat giant JBS has announced it plans to sell its shareholding in Northern Irish poultry firm Moy Park as part of a R$7m (£1.68bn) divestment programme
-
NewsOcado shares surge as City weighs up fallout from Amazon/Whole Foods deal
Ocado shares hit a 10-month high today as speculation mounted that the online grocer had become an acquisition target in the wake of Amazon’s surprise takeover of Whole Foods.
-
NewsMedia Bites 20 June: Whole Foods, Amazon, Ocado, Supermarket Income REIT
Whole Foods shares rose above Amazon’s $42 all-cash offer as investors bet a rival retailer could gatecrash the $13.7bn offer made by the ecommerce giant for the upmarket grocer.
-
NewsCity snapshot: Supermarket store investor to float on LSE
Supermarket Income REIT plc plans to raise £200m in a placing to buy stores rented on long leases to the likes of Tesco, Sainsbury’s, Morrisons and Asda. Plus, Ocado shares surge 11% on back of Amazon takeover of Whole Foods; and Sainsbury’s rise on Nisa bid rumours.
-
NewsManhattan Associates appoints Craig Summers as UK MD
Craig Summers will manage all aspects of UK business including sales, professional services and customer service…
-
NewsEuro Garages forks out £595,995 to buy Spaghetti Junction pub
Plans to redevelop The Armada on Powick Road, opposite Spaghetti Junction, into a filling station and retail unit…
-
NewsMalcolm Walker receives knighthood for services to retailing
Other key recipients from the world of retailing and food include Grocer columnist Professor Chris Elliott, who has received an OBE in the Queen’s Birthday Honours List
-
NewsEuro Garages parent buys over 1,000 service stations in Italy
Intervias said the deal with ExxonMobil was for 1,176 sites in several Italian regions
-
NewsMedia Bites 19 June: Amazon/Whole Foods, Sainsbury's/Nisa, Tesco
Two stories dominate retail news in the weekend papers – Amazon’s shock swoop for Whole Foods Market on Friday and Sainsbury’s pursuit of Nisa.
-
NewsCity snapshot: Sainsbury’s closes in on Nisa acquisition
Weekend reports have suggested Sainsbury’s has entered into exclusive talks to buy convenience chain Nisa for £130m,
-
NewsWhole Foods acquisition may be prime pickings for Amazon
The organic grocery chain offers a quick win in building physical presence and credibility
-
NewsNestlé to explore potential sale of US confectionery
The Swiss company’s US confectionery business saw sales of around £722.7m in 2016
-
NewsTesco 'winning inflation battle' as like-for-likes grow
Tesco’s price inflation had been in the region of 1.4% in the past 12 weeks
-
NewsElla's records 11th successive year of double-digit growth
Profits have soared by almost 50% at Ella’s Kitchen as it recorded an 11th successive year of double-digit sales growth