Finance news – Page 463
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NewsMedia Bites 9 Nov: M&S, ABF, Imperial Brands
The dramatic results of M&S’ strategic review get plenty of coverage this morning as well as results from ABF and Imperial Brands.
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NewsCity snapshot: Sainsbury's Coupe sees "good progress" despite sales and profits drop
Sainsbury’s CEO Mike Coupe has insisted the supermarket is making “good progress in challenging conditions”
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NewsLucozade and Ribena to undergo massive sugar reductions
The Lucozade Energy Orange brand is set to see the most dramatic reduction, with 65% less sugar
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NewsAssociated British Foods prices to rise as pound drives up costs
Associated British Foods is weighing up price rises for its basket of grocery products to ease the pressures of rising costs.
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NewsBooths sales fall 0.7% in wake of Storm Desmond
Booths says it would have recorded sales up 0.7% had it not been for devastating storm last winter
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NewsMarks & Spencer bets big on food: what the analysts say
Retailer set to close 60 clothing and home stores and focus on food in business turnaround
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NewsMedia Bites 8 November: Tesco Bank, Fever-Tree, Sainsbury's
A cyber fraud attack at Tesco falls under the spotlight this morning as the supermarket admitted 40,000 customers had been affected by an online heist over the weekend. Plus, Fever-Tree upgrades profits again and Sainsbury’s poaches Poundland’s boss as its new CFO.
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NewsCity snapshot: Marks & Spencer pins turnaround hopes on food
Marks & Spencer is planning to accelerate the rollout of its food stores and reduce its clothing offer as it seeks to turn around the struggling business and rebuild profits
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NewsPhrooti seeks £150k to launch sugar-free fruit water
Sugar free fruit tea brand Phrooti is pitching for £150,000 in a crowdfunding campaign to launch a new range of bottled waters.
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NewsSainsbury's appoints Poundland CEO Kevin O'Byrne as CFO
Former Asda CEO Andy Bond will step in as executive director to lead Poundland’s day-to-day operations
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NewsTesco Bank halts online payments after hackers raid accounts
Tesco Bank chief executive Benny Higgins said he hoped affected customers would be refunded within 24 hours
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NewsEnsuring Brexit trade flow is key for new WSTA chairman
“The reality is we are now facing one of the toughest eras the wine and spirits market has ever faced” says Dan Jago
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NewsFever-Tree upgrades profit expectations
Drinks mixer producer Fever-Tree (FEVR) has upgraded its profits expectations for the year, sending its shares up 10% this morning ..
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NewsMedia Bites 7 Nov: Sainsbury's, Bird's Eye, Walkers, M&S
Sainsbury’s pension deficit has ballooned to more than £1bn, according to analysts ahead of its half-year results this week.
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NewsLincolnshire Co-op sales pass £300m as local produce booms
The retailer grew sales at its 83 food stores by 6.9% while trading profits rose by 4% to £20m in the same period
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NewsGousto investors pump another £10m into recipe kit growth
Existing backers BGF Ventures, Unilever Ventures, MMC Ventures and the Angel Co-Fund all contributed to the latest round
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NewsMedia Bites 4 November: Morrisons, Tate & Lyle, Marks & Spencer
Amid all the excitement over the High Court ruling that the triggering of Article 50 must be debated by Parliament, the papers still find room to take a look at Morrisons’ positive third quarter results.
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NewsCity snapshot: Kraft Heinz sales decline as consumers search for healthier food
Sales have continued to decline at Kraft Heinz as the newly merged giant struggled against currency headwinds in Europe and shifting consumers tastes.
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NewsMüller to close Chadwell Heath under plant upgrade strategy
The dairy giant plans £100m-plus modernisation of Milk & Ingredients and Yogurt & Desserts businesses
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NewsInnis & Gunn raised £1m in three days as beer lovers flock to buy a stake
The craft brewer is planning to overfund to raise more money to accelerate the rollout of Innis & Gunn pubs in England and North America.