Finance news – Page 469
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NewsSugar quota abolition could hit availability, suppliers told
Regime change will not necessarily mean lower prices on the Continent, says Rabobank
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NewsChelmsford Star Co-operative like-for-like food sales fall
The society opened two stores in the last six months but is also set to shut its Exchange Way site
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NewsCity Snaphot: BRC/KPMG record best quarter for food retail since 2013
Total food sales rose 1.6% in the three months to 1 October, according to the September BRC/KPMG Retail Sales Monitor …
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NewsMedia Bites 11 Oct: Morrisons, UK retail sales, Consumer spending
Morrisons briefly overtook J Sainsbury yesterday to become Britain’s second-biggest supermarket chain by stock market value.
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NewsMartin Bailie to leave Lidl after 14 years with company
His move is the latest in a string of senior comings and goings sparked by CEO Ronny Gottschlich’s recent departure
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NewsKolak Food Snacks and Europe Snacks announce merger
The two suppliers have combined their product portfolios with the aim of creating a category leader
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NewsCommons report slams pre-pack Bernard Matthews deal
Work and Pensions Committee report claims deal “carefully crafted” to dump pension liability
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NewsCity Snapshot: BRC warns on impact of Brexit import tariffs
The chairman of the British Retail Consortium has written to the government stressing the organisations concerns over post-Brexit import tariffs …
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NewsMedia Bites 10 Oct: Online grocery, Bernard Matthews, SABMiller/AB InBev
The soaring popularity of grocery delivery has left a £500m black hole in the profits of Britain’s biggest supermarkets which will worsen as more shoppers use the service.
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NewsMars Chocolate back in growth despite top brands' struggles
Mars Chocolate UK returned to top line growth last year as total sales grew 2.9% despite pressure on some of its key brands. Plus globally, Mars merges Wrigley with its chocolate business.
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NewsPrimal Pantry in talks to secure biggest ever funding
Founder Suzie Walker has hired boutique corporate advisory firm Stamford Partners to help with the negotiations
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NewsNetto loss hit £40m in year before JS and Dansk decided to pull plug
Annual pre-tax losses reached almost £40m at Netto in the financial year before Sainsbury’s and Dansk pulled the plug
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NewsMedia Bites 7 October: Walmart, Mars/Wrigley, sterling, Brexit
Asda owner Walmart warned earnings next year would be flat as it pushes online harder. Plus Warren Buffett sells his minority stake in Wrigley to Mars.
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NewsCity snapshot: Prices rising in ambient grocery
Food prices are finally heading higher in the ambient goods category after two years of deflation in the market, the latest Grocer Price Index has found.
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NewsTesco shares rally as Dave Lewis leads bounceback
fDave Lewis’ declaration that Tesco was officially a business “out of crisis” sparked excitement in the City
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NewsAmazon to open 14th fulfilment centre in Daventry in 2017
Opening will push Amazon’s UK workforce over the 18.000 mark
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NewsTesco shares hit 14-month high as City backs trading progress
Tesco shares rose almost 10% yesterday to reach their highest point since August 2015 after strong half year results showed Dave Lewis’ turnaround plan is on track.
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NewsMedia Bites 6 October: Tesco, Euro Garages, AG Barr
“Tesco crisis is over as profits and sales jump” is the headline in The Times (£) this morning.
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NewsFood deflation reaches record low in September
Rate of deflation appears to be accelerating – rising from 1.1% in August to 1.3% in September
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NewsDave Lewis targets bigger profits as Tesco reports growth
CEO says the business has “moved out of crisis” and sets sights on further cost reductions