Finance news – Page 478
-
NewsM&S petitioned by MPs over cuts to wage premiums
Campaigners say 11,000 workers in receipt of premiums for antisocial hours could be left worse off
-
NewsStrong travel performance puts WH Smith on track
WH Smith (SMWH) has announced this morning it is on track to meet market expectations for its full-year trading after strong performance in its travel division
-
NewsMedia Bites 24 Aug: Supermarket sales, SABMiller, UK exports
The arrival of warm weather and a gold-tinged Olympics feelgood factor has boosted British supermarket sales over the past three months
-
NewsHigh Court backs SABMiller’s request to split crucial merger vote
The UK High Court has approved SABMiller’s plan to hold two separate shareholder votes on the AB InBev takeover deal, potentially putting the global mega-deal under threat.
-
NewsAsda sells off loss-making photo business for £5.35m
Asda has agreed to sell its photo division to Photo-Me for around £5.35m, the UK-listed photo company announced this morning.
-
NewsBeer and cider sales boosted by late blooming summer
Champagne sales also benefited from the sunny weather, with value up 4.9%
-
NewsMedia Bites 23 Aug: Supermarket price war, Contactless payments, Tourist spending
“Supermarket price war would kill profits”, writes The Times (£) this morning, warning that “the front line in the fight for food shoppers is about to get bloody”.
-
NewsTeam GB gold rush and hot weather boost supermarket sales
The hot weather and Great Britain’s success at the Olympics in Rio combined to generate the best supermarket sales growth for nearly three years, according to Nielsen
-
NewsNo judgement yet in SABMiller takeover court case
SABMiller has announced that the UK High Court case examining its proposal to hold two separate shareholder votes on the AB InBev takeover offer will not be concluded today.
-
NewsSales soar at artisan baker Bread Holdings
The owner of The Bread Factory and GAIL’s Artisan Bakery has seen annual revenues soar by 41.5% as UK consumers’ hunger for artisan bread shows no sign of waning.
-
NewsCity snapshot: Supermarket deflation eases again
The deflation that has gripped grocery since 2014 has eased for the second consecutive month after the Brexit vote
-
NewsMedia Bites 22 August: SABMiller, Deflation, M&S, Argos
The High Court will decide today whether the brewing giant SAB Miller can hold two shareholder votes on its £79bn takeover — in an unusual move that would increase the odds of the deal collapsing.
-
NewsPost-Brexit fall in sterling counters deflationary trend
The deflation that has gripped grocery since 2014 has eased for the second consecutive month after the Brexit vote.
-
NewsNestlé growth slows but market backs it for second half
Troubles in China, deflation in Western markets and soft commodity prices ate into Nestlé’s first-half growth this week
-
NewsVision considers sale of Addo Food Group following £30m spend
Addo Food Group, formerly known as Pork Farms, has been the target of detailed takeover talks with private equity firms
-
NewsCity snapshot: Propercorn poised for private equity cash injection
Propercorn is close to signing a deal with private equity firm Piper for a minority stake valuing the fast-growing popcorn brand at up to £25m. Plus Birds Eye sales fall again as Nomad begins turnaround and all the rest of the latest news from the City.
-
NewsMedia Bites 19 Aug: Asda/Walmart, Nestlé, UK retail sales
Asda’s catastrophic 7.5% like-for-like quarterly sales slump is unsurprisingly the major focus on this morning’s business pages.
-
NewsBirds Eye says tough conditions will persist as sales dive again
The decline in sales at Birds Eye has accelerated with another £31m wiped off the top line in the challenging frozen market created by the supermarket price war.
-
NewsPropercorn set to seal Piper minority stake deal
Propercorn is close to signing a deal with private equity firm Piper for a minority stake valuing the fast-growing popcorn brand at up to £25m.
-
NewsCMA gives provisional green light to Hain’s Orchard fruit juice deal
The Competition and Markets Authority has accepted the concessions made by US food group Hain Celestial to buy UK fruit juice player Orchard House Foods.