Finance news – Page 471
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NewsSainsbury's investors face more misery as like-for-likes fall
A second consecutive quarter of declining like-for-like sales at Sainsbury’s resulted in more misery for investors
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NewsCity Snapshot: US drives “strong” annual sales growth for Imperial Brands
FTSE 100 tobacco firm Imperial Brands has reassured the market it is on track to meet full year expectations, driven by strong US growth and currencies
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NewsMedia Bites 29 Sep: Sainsbury's, AB InBev/SABMiller, BHS
Sainsbury’s ceded more ground to rivals Tesco and Morrisons as well as the budget stores after its second consecutive quarterly sales drop
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NewsInvestors back AB InBev/SABMiller deal as mooted protest fails to materialise
SABMiller investors overwhelming backed the multi-billion takeover offer from AB InBev this morning, dispelling concerns that activist hedge funds would try to derail the deal.
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NewsDavid Lawlor takes over as Kellogg's UK & Ireland MD
He comes from the company’s Russia operation to replace Jonathan Myers
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NewsDunnes Stores draws level with Tesco in Ireland
Dunnes and Tesco now each account for 21.6% of the Irish grocery market
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NewsMedia Bites 28 Sep: AG Barr, Sainsbury's, High street sales
AG Barr is to cut 10% of its workforce as it revealed a 3% fall in half-year sales and criticised the government’s proposed sugar tax as “punitive”
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NewsCity snapshot: Sainsbury’s like for likes down 1.1% in second quarter
Sainsbury’s has announced a 1.1% like for like retail sales fall, excluding fuel, for the 16 weeks to 24 September 2016.
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NewsDr Oetker UK profits up by 64% as efficiencies pay off
UK revenues at pizza and home baking supplier Dr Oetker edged up to £156m last year, but profits jumped by two-thirds driven by operational efficiencies and the accounting treatment of previous acquisitions.
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NewsOff-trade beer sales overtake sales in pubs, clubs and bars
Of the 44 million hectolitres of beer sold in Britain 51% of sales came from supermarkets and off-licences with the remain
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NewsMenzies delivery staff suspend strikes after improved offer
Unite members had voted 86% in favour of strike action and 91% for industrial action short of a strike
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NewsSainsbury's extends one-hour bike deliveries across London
A team of 40 shoppers and cyclists will fulfil the orders from branches in Wandsworth and Pimlico
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NewsAG Barr sales lose fizz in challenging grocery environment
Falling prices, changing consumer tastes and a disappointing summer have combined to hit revenues at Irn-Bru maker AG Barr.
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NewsMedia Bites 27 September: Aldi, Sainsbury's, beer, Coca-Cola
Aldi’s financial performance in 2015 receives blanket coverage in this morning’s papers. Sainsbury’s new one-hour delivery trial in London and the latest on the possible merger of Coca-Cola’s Asian bottlers also get a look in.
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NewsAldi results: What the analysts say
Aldi announced another set of record results as sales reached £7.7bn, but profits shrank. What did the industry analysts make of it?
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NewsKey Food Ingredients seeks rescue deal as rising dairy costs take their toll
Rising dairy prices have pushed a manufacturer of ghee and Asian sauces into administration, with more than 40 jobs at risk unless a buyer can be found.
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NewsMidcounties Co-operative compensates underpaid delivery staff
The society has asked all newspaper delivery staff to come forward so that pay rates can be checked
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NewsAldi plans £300m store refresh amid 11.8% annual sales growth
Aldi is to invest £300m in enhancing its UK stores after posting annual sales of £7.7bn in the year to 31 December 2015.
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NewsMedia Bites 26 Sep: Tesco, AB InBev/SABMiller, Bernard Matthews
Tesco could be called before the Commons inquiry into workplace pensions amid claims that the hole in its pension fund could be up to £6.5bn.
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NewsTesco sales figures boost City optimism over recovery
Grocery market share data once again showed Tesco as the best of the mults