Finance news – Page 421
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NewsBirds Eye owner Nomad Foods seeks new CFO as Kenyon resigns
Birds Eye owner Nomad Foods is on the hunt for a new CFO after Paul Kenyon handed in his notice to take on a job outside of the food industry at shoe retailer Clarks.
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NewsEat set to recognise GMB as Wembley staff representative
The union said it expected to sign the recognition agreement with Eat by 9 June
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NewsCity snapshot: Zambeef profits slide amid challenging economic conditions
Profits have plunged in the first half at Zambeef Products as the beef producer was hit by falling commodity prices and challenging economic conditions on Zambia. Plus, full-year results from drinks group Distil
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NewsMedia Bites 7 June: Tesco, Lidl, Delivery Hero
Tesco is facing an investor revolt over £140,000 paid to CEO Dave Lewis for relocation costs. Plus, Lidl’s eye-catching move to launch a “high-end” fashion line with supermodel Heidi Klum also gets plenty of coverage.
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NewsGusbourne to raise £4.2m in placing to expand wine production
English sparkling wine producer Gusbourne is aiming to raise £4.2m of fresh funds in a share placing to invest in new vineyards and expand production.
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NewsAmazon 'most valuable retail brand' in BrandZ rankings
’The brand was also the fastest-growing performer in the BrandZ Retail Top 20, up 41% ($40.1bn) year on year’
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NewsFood sales rise against backdrop of declining retail trend
This is the strongest three-month average for food since February 2012
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NewsCity snapshot: UK retail like-for-like sales drop on non-food sales fall
UK retail sales fell by 0.4% on a like-for-like basis in May as weak non-food sales dragged down strong food sales growth, according to the BRC KPMG Retail Sales Monitor.
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NewsMedia Bites 6 June: Ocado, Tesco, Consumer spending
Hedge fund boss threatens Ocado coup as initial buzz over software deal is followed by a sell-off, writes The Daily Mail
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NewsLidl to launch women's fashion range with supermodel Heidi Klum
The new fashion collection will launch across its 650 UK stores nationwide later this year
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News2 Sisters to close Smethwick plant with loss of 250 jobs
Processor launched a 45-day consultation into closing ‘ageing’ site in April
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NewsTapped seeks £200k from crowd to expand birch water range
Birch water brand Tapped is raising £200,000 in a crowdfunding campaign to invest in marketing and grow its product range.
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NewsTesco profit overstatement accountants' probe is closed
The investigation started in 2014 after Tesco admitted it has overstated its profits by £326m
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NewsOnline grocery market share in the UK increases to 7.3%
UK online grocery baskets are the biggest in the world with an average value of £64.61
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NewsIceland range and store improvements deliver 4.4% sales growth
Like-for-like sales were up 2% in the year to 24 March
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NewsCity snapshot: Ocado finally signs first international deal
Ocado has signed its first long-awaited international partnership to provide its technology to an unnamed European retailer. Plus Iceland’s annual sales rise 4.4% and EBITDA jumps 6.3%, FRC drops probe into PwC over Tesco profits overstatement and all the rest of the latest news from the City
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NewsMedia Bites 5 June: Amazon, Ocado, Tesco, Brexit sugar battle
Amazon is to deliver food to another 42 postcodes in the south east of England as its aggressive assault on the online grocery market continues.
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NewsSainsbury’s boss Mike Coupe’s pay falls as annual bonus targets are not met
The pay packets of Sainsbury’s senior execs were cut last year after the supermarket paid out no annual bonuses as performance-related targets were not hit.
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NewsBig four supermarkets in growth, but City remains unconvinced
On the surface, the monthly market share numbers from Kantar Worldpanel contained plenty of cause for encouragement
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News99p Stores collapse leaves creditors £8.9m out of pocket
99p Stores was put into administration, in a process affecting 60 previously closed stores, in March