Finance news – Page 470
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NewsMedia Bites 5 October: Greggs, deflation, Krispy Kreme
Continued growth at Greggs captured the attention of all the papers this morning as its breakfasts and healthier range fueled further growth.
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NewsCity snapshot: Tesco recovery on track as sales rise 3.3%
Tesco will set out further plans later this morning for the next stage of its recovery after a third straight quarter of like-for-like sales growth
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NewsGreggs faces rising costs as pound plunges
Greggs has warned of mounting pressures on food prices as the fallout from Brexit continues to weaken the pound and labour costs rise.
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NewsKrispy Kreme UK bought by US parent
Krispy Kreme in the US has announced 100% of its shares have been sold to US-based brand owner company Krispy Kreme Group.
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NewsArchie Norman to help steer post-Brexit strategy at BEIS
Former Asda chief executive will work closely with business and energy secretary Greg Clark
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NewsC&C Group accused of 'cavalier contempt' towards cidermakers
Confusion ‘swirls’ about the employment prospect’ of 80 workers, Unite claims
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NewsNisa forced to delay payment to logistics provider DHL again
But CEO Read hails turnaround and insists momentum continues
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NewsCity snapshot: Greggs’ third quarter sales up 5.6%
Third quarter sales at bakery food to go chain Greggs (GRG) rose 5.6%, though its rate of like for like growth slowed during the 13 weeks to 1 October. Plus, the FTSE bursts through the 7,000pts mark as the pound falls to mid-1980s levels and all the rest of today’s news from the City.
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NewsMedia Bites 4 Oct: Sterling, UK manufacturing, Krispy Kreme
The pound fell back towards a three-decade low against the dollar yesterday, hit by surprisingly strong US economic data and in the wake of Theresa May setting out a timetable for Brexit.
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NewsBiscuiteers appeals for crowdfunding
Hand-made biscuit company is looking to fund international expansion and online growth
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NewsNFU launches Brexit unit to strengthen political reach
The new unit will be led by the NFU’s former head of government affairs Nick von Westenholz
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NewsNestlé and R&R Ice Cream finalise Froneri joint venture
The new venture will have its HQ in the UK and employ about 15,000 people in more than 20 countries
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NewsMedia Bites 3 October: Tesco, Samworth Brothers, craft brewers
Tesco is in the media spotlight once again over its accounting irregularities as it prepares to file half-year results later in the week.
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NewsCity snapshot: Tesco faces lawsuit from investors
Tesco is set to be sued by a group of large investors who claim to have lost £150m because of the accounting scandal at the supermarket. It comes as the retailer is expected to release healthy results on Wednesday.
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NewsLondon Crisp Company in second crowdfunding bid
The London Crisp Company has returned to the crowd for another £100,000 after winning listings in Tesco, Waitrose and Asda
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NewsHovis pushed into £19m loss by 'poor market conditions'
Hovis plunged to a £19m loss in its second year of trading since being spun out of Premier Foods as it battled to hold on to market share in a declining bakery category
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NewsIndustrial sales drive McCormick UK revenues up 6.6%
US spices and sauce giant McCormick saw a 6.6% uplift in sales from its UK division last year, although the proportion of its sales booked in the UK market fell back
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NewsCity snapshot: Consumer confidence rebounds as Brexit fears ease
Consumer confidence has bounced back to pre-Brexit levels following a dramatic collapse in confidence after the UK voted to leave the EU. Plus, Premier Foods chairman David Beever steps down, updates from Gusbourne and Zambeef and all the rest of today’s news in the City.
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NewsMedia Bites 30 Sep: Living wage, Jamie Oliver, M&S
A survey for a business lobby group suggests some companies have reduced recruitment and may cut staff hours in future.
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NewsWalkers feels the heat from rivals' baked snacks and popcorn
Rivals’ baked snacks and popcorn have taken a bite out of revenues at Walkers