Finance news – Page 480
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NewsIncoming Asda CEO Roger Burnley announces leadership team shakeup
Anthony Hemmerdinger is to be promoted to the role of senior vice president, retail operations director
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NewsCo-op Nisa deal still in the balance as decision day looms
As the deadline for Nisa members to vote on the Co-op’s £137m bid looms, the outcome is too close to call, say experts
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NewsLakes Distillery hits crowdfunding target of £1m in two days
The brand offered 2.21% of its equity to investors via Crowdcube
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NewsCity snapshot: £1bn Bakkavor IPO back on after rapid U-turn
A week to the day after pulling its London IPO because of “volatile” market conditions, Bakkavor has dramatically announced its listing is back on at 180p per share valuing it at just over £1bn. Plus, supermarket inflation stalls, HelloFresh UK doubles sales but losses grow, baby food brand Piccolo secures six-figure cash injection and all the rest of the latest news from the City
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NewsMedia Bites 10 Nov: Sainsbury's, Dairy Crest, Coca-Cola HBC
A dismal end to the summer and higher labour costs hit half-year sales and profits at Sainsbury’s.
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NewsSecond Bakkavor float 'must be sweetened'
Bakkavor will try to float again next year after pulling its London IPO at the 11th hour
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NewsWincanton sees profits jump despite Tesco contract loss
Chief executive Adrian Colman said the group had delivered a “good overall performance”…
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NewsMore customers than ever choose Sainsbury's but Argos losses drag on profits
Sales at Sainsbury’s jumped 17% to £16.3bn in the first half thanks to the acquisition of Argos, but losses at the catalogue retailer, keeping prices down and the national living wage all dragged down the supermarket’s profits.
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NewsMedia Bites 9 November: M&S, Tesco, Brexit, Christmas adverts
The spotlight falls on Marks & Spencer as the retailer generates acres of coverage after reporting its first half results. Plus, the Tesco trial continues.
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NewsBroadbent tells court of Dave Lewis call over profit black hole
Sir Richard Broadbent has told a court of the moment new CEO Dave Lewis called him to reveal the bombshell
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NewsLiam Fox concedes Brits 'won't stand for' chlorinated chicken
Softening in rhetoric by international trade secretary applauded by British Poultry Council CEO Richard Griffiths
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NewsSelect & Save switches supply deal from Nisa to Bestway
The convenience store symbol group’s five-year deal with Nisa ended on 30 April…
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NewsThe Grocer Drinks Awards 2017: who won what, and why?
The second Grocer Drink Awards took place in London this week with a lavish ceremony. Find out who won, and why…
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NewsMedia Bites 8 November: Fever-Tree, Imperial Brands, ABF, Nutella
Shares in Fever-Tree soar again as profits to beat expectations; Imperial Brands halts decline in sales volumes; Primark demand and sugar recovery fuel profits at ABF.
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NewsCity snapshot: M&S to slow food openings as profits squeezed by rising inflation
Profits crashed 18% at Marks & Spencer in the first half as its food margins were squeezed more than expected as the retailer absorbed inflation to remain competitive in the challenging grocery market. Plus, trading updates from Hilton Food Group and Kerry Group; third quarter results at Raisio and Ahold Delhaize; and C&C interim CFO given role on permanent basis
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NewsCoca-Cola European Partners Q3 sales decline despite demand for Coke Zero
Revenues Coca-Cola European Partners have fallen 1.5% to €3bn in the third quarter as the popularity of Coke Zero Sugar was not enough to make up for the decline of the trademark brands.
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NewsSomerdale profits decline as growth slows
Profits have declined at cheese exporter Somerdale International as growth slowed and currency and commodity price volatility hit the business.
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NewsAmazon to close two Whole Foods Market stores in UK
Whole Foods to consult on closure, which would result in all its stores being located in London…
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NewsShrinkflation now 'endemic' in food and drink
Three-quarters (76%) of 200 manufacturers surveyed in August and September 2017 under pressure to cut prices
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NewsHigher sugar prices boost profits at Associated British Foods
Primark owner Associated British Foods has posted a 15% jump in sales and a 22% rise in adjusted operating profits, boosted by a dramatic recovery of profits at AB Sugar and the weakness of the pound.