Finance news – Page 443
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NewsHim research shows c-stores are losing out in food-to-go
The percentage of convenience store shopping trips including the food-to-go mission has plummeted from 20% to 13%
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NewsBrits face post-Brexit surge in cost of cod, warns Rabobank
Free-trade deal with EU vital to avoid price rise and disruption to British seafood industry, its latest report said
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NewsLousada departs Matthew Clark & Bibendum after C&C buyout
Lousada was commercial director of the drinks wholesaler, which was bought by C&C last month after previous owner Conviviality went into administration.
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NewsDamp weather slashes retail footfall in April
Retail footfall in April plunged by 3.3% year-on-year as the wet start to the month hit shopper numbers across the country, leading to the worst two-month figures since the depth of the recession in 2009.
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NewsMedia Bites: Poundworld, Walmart, Amazon, Waitrose
The US private equity owner of Poundworld has put the chain up for sale as TPG has hired accountancy firm Deloitte to find a buyer by the end of the month.
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NewsSimano Foods rescued from administration
Simano hired administrators after suffering “unforeseen losses” on a number of major contracts over the past year…
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NewsSainsbury's-Asda deal could bolster property market
Supermarket Income REIT said the deal would act alongside a reinvigorated Tesco to boost interest among big investors
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NewsCity News: Morrisons continues stellar recovery
Morrisons may be at risk of becoming the odd one out as the big four morphs into an effective duopoly, but the Bradford-based grocer continued its stellar recovery this week, suggesting it remains more than equipped to succeed on its own.
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NewsShort sellers cut losses after Sainsbury's/Asda tie-up
Publicly disclosed information by the FCA showed a total of 11.2% of Sainsbury’s shares were on loan before the announceme…
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NewsFood and drink deals down despite 'good M&A environment'
Levels of UK food and drink dealmaking slumped to their lowest since 2014 in the first quarter, but the environment remains conducive for more M&A in the sector, according to a Grant Thornton report.
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NewsEast London Liquor and Cotswolds smash crowdfunding targets
Two craft gin and whisky distilleries have exceeded their seven-figure crowdfunding targets to scale up and tap the UK’s growing thirst for craft spirits
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NewsCity snapshot: Former Asda meat exec to take charge at Crawshaw
Butchery group Crawshaw has announced the appointment of former Asda meat executive Jim Viggars as CEO. Plus Heineken acquires a minority stake in the Belize Brewing Company, Nomad Foods reported first-quarter adjusted EBITDA up 16% and all the rest of the latest news from the City.
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NewsMedia Bites 11 May: Amazon/Morrisons, High streets, Walmart
Amazon could buy Morrisons, which already provides the online giant with food deliveries to UK customers using its Panty and Prime services, according to one industry analyst.
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NewsTesco CEO Dave Lewis’ pay up 17.5% to £4.9m
The annual pay packet of Tesco CEO Dave Lewis rose 17.5% last year to £4.9m as the award of shares worth £971k boosted his earnings.
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NewsCity snapshot: Morrisons trumpets ‘strong start’ to the year
Morrisons (MRW) has heralded “a strong start to the year” during which it became more competitive while delivering like-for-like sales of 3.6%. Plus, Tesco releases annual report, Coca-Cola HBC posts 4.5% first quarter organic growth and all the rest of the latest news from the City.
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NewsMedia Bites 10 May: Walmart/Flipkart, Greggs, Retail sales
Walmart has confirmed its agreement to by 77% of India’s largest online retailer, Flipkart, in a $16bn (£12bn) deal that puts the US giant head-to-head with Amazon.
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NewsCompass Group shares slide on profits drop
Compass Group has reported a “strong” first-half but subdued trading on the Continent offset good growth in the UK.
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NewsOcado unveils first robot picker at its Andover site
The retailer is on a path towards “100% robot picking” says technology chief
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NewsEngland to re-examine case for minimum alcohol unit pricing
The policy came into force in Scotland at the start of this month after five years of legal challenges
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NewsCity snapshot: Weak customer footfall hits Greggs food to go
The big winter freeze knocked food to go in some of Greggs’ retail locations, impacting performance in the first quarter of the year. Plus, Compass Group has reported a “strong” first-half but subdued trading on the Continent offset good growth in the UK, AB InBev posts first-quarter revenue up 4.7% in the first quarter, updates from Imperial Brands, Ahold Delhaize and Henkel and the rest of the news from the City.