Finance news – Page 455
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NewsKraft Heinz hunts for organic and 'authentic' brands with startup incubator programme
The fmcg giant has launched Springboard, a new platform to nurture and support fast-growing disruptor brands
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NewsWaitrose profits down by more than a third
Operating profit before exceptional items was down 32.1% to £172 million for the 52 weeks to 27 January
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NewsAdjudicator launches investigation into Co-op over supplier delistings
Adjudicator Christine Tacon says ’there is reasonable suspicion’ that the retailer has been systematically delisting suppliers and is appealing for more information
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NewsCity snapshot: Domino's defies UK consumer caution with sales jump
Domino’s Pizza Group, the UK-based master franchise business, has shrugged of a the struggles of the high street dining sector by posting a double-digit rise in revenues. Plus all the rest of the latest news from the City.
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NewsMedia Bites 8 March: Jack Daniel’s, Energy drinks, John Lewis
The company behind Jack Daniel’s whisky has warned that it could become “an unfortunate and unintended victim” of Donald Trump’s steel tariff proposal
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NewsPotatoes and asparagus hit by 'Beast from the East' weather
Impact of last week’s weather could delay start of the asparagus season in some affected areas by about two weeks, growers have warned
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NewsAsahi loses big four listings after Super Dry beer relaunch
Tesco, Asda, Morrisons and Sainsbury’s have all dropped the beer since it relaunched in January with a new recipe
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NewsCity snapshot: Stock Spirits profits hit by tough conditions in Poland
Central and Eastern European spirits producer the Stock Spirits Group has revealed a year-on-year increase in revenue and sales, but a decrease in profits on troubles in its core Polish business. Plus, Aldi signs up to UK Plastics Pact, FTSE 100 dips on trade worries and all the rest of the morning’s news from the City.
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NewsMedia Bites 7 March: Sainsbury's, Just Eat, Coca-Cola
Sainsbury’s is facing opposition to a pay shake-up it says will give its 130,000 store staff a “leading rate” in the sector
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NewsStrong US performance returns PureCircle to double-digit growth
Stevia sweetener producer PureCircle has returned double digit growth of 13.3%, driven by an excellent performance in the United States and Europe.
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NewsJust Eat shares plunge 11% after shock £180m write-down
Just Eat shares have dropped by 10.8% today after the company revealed a £180m write-down on the value of its Australian and New Zealand business drove it to a £76m full-year loss.
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NewsSainsbury's to boost wages of in-store staff
The supermarket proposes to introduce the new base national pay rate from September, trumping Aldi’s £8.85ph….
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NewsFreya Birch Spirit kicks off £750k funding drive to boost expansion
The brand’s owner, Pure Wild Spirits, has launched a campaign with online investment platform Growthdeck…
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NewsCity snapshot: Strong February propels grocery sales up by 3.2%
Grocery sales jumped by by 3.2% in the 12 weeks up to February 25, according to the latest grocery market share results from Kantar Worldpanel. Plus market share figures from Nielsen, sales surge at Just Eat but shares hit by surprise loss, PureCircle returns to growth and all the rest of the latest news from the City.
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NewsMedia Bites 6 March: Processed foods, Retail sales, UK Farming
A government health agency has said that that calorie intake of processed foods must be reduced by 20% by 2024
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NewsFood growth drives 0.6% monthly increase in retail sales
Retail sales were up 0.6% in February, according to the BRC/KPMG Retail Sales Monitor, with strong food sales wholly responsible for overall growth.
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NewsStores returning to normal after Beast from the East chaos
The Co-op said it had to close 10 stores for ’a short period’ as supermarkets and convenience stores return to normal trading
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NewsM-commerce helps drive soaring UK online retail sales
Marks & Spencer saw 6% growth in online sales in the past year
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NewsFourth quarter volumes fall at Refresco
European bottling giant Refresco, currently subject to a €1.6bn private equity bid, had a disappointing end to the year with volumes and value sales slipping in the fourth quarter.
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NewsMedia Bites 5 March: Morrisons, 2 Sisters, Lucozade Ribena Suntory
Morrisons is facing a potential £100m equal pay compensation claim from hundreds of its staff, who believe that they have been underpaid compared with colleagues.