Finance news – Page 494
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NewsMedia Bites 14 June: Asda, BHS
The end of Andy Clarke’s six-year reign at Asda gains plenty of column inches across the papers
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NewsOcado shares plummet on Amazon Fresh fears
The online grocer’s share price have plunged 6.6% this morning to 209.5p
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NewsBath Ales falls to a loss despite frothy sales
Bath Ales has fallen into the red despite revenues increasing 7% to £15.6m, with strong demand for bottles of its flagship Gem amber ale at the supermarkets helping fuel growth.
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NewsNew warehouses drive sales growth at Costco UK
Costco’s UK sales rose by 7.9% to almost £2bn in its last financial year as new warehouse openings underpinned its wider growth.
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NewsIcelandic Seachill jobs in jeopardy after losing M&S contract
Seafood processor had been supplying M&S for 30 years
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NewsAsda CEO Andy Clarke to step down in July
Walmart has confirmed Andy Clarke will step down from his post as CEO and president of Asda next month, with Walmart China boss Sean Clarke taking over
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NewsRise in high street numbers drives UK footfall increase
Footfall in May was 0.3% up on a year ago after a significant upturn in shoppers on the high street
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NewsMedia Bites 13 June: Asda, Poundland, Amazon Fresh
Walmart is preparing to name the head of its Chinese operations as the new boss of Asda, Sky News has reported following up The Grocer’s article last week.
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NewsAnthony Francheterre appointed CEO at Tangerine Confectionery
His appointment follows the death of previous CEO Benoit Testard in February
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NewsUK toilet tissue manufacturer Accrol successfully floats on AIM
Blackburn-based toilet tissue manufacturer Accrol began trading on London’s AIM market today after raising £63.5m from institutional investors.
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NewsEagle Eye warns of lower than expected sales
Shares in Eagle Eye Solutions, which has major contracts with Asda and Sainsbury’s, have crashed today after the tech group said full-year sales would be lower than expected.
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NewsFiddes Payne management shake-up continues
Departure of FD Robert Moorhouse and commercial director Mark Grahame follows December exit of MD Iain Macpherson
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NewsHealth Rack shuts stores in rescue deal
Supplements retailer Health Rack has closed five stores outside its North West heartland
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NewsSainsbury's shares survive like-for-like sales decline
The market looked kindly on the like-for-like sales decline at Sainsbury’s this week
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NewsDairy Partners profits balloon on back of global pizza boom
Mozzarella and pizza cheese producer Dairy Partners has recorded a more than 11-fold increase in profits
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NewsGrocer Price Index moves to record deflationary level of -3.1%
Supermarket prices have fallen by more than 3% on a year-on-year basis for the first time
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NewsTesco to offload Giraffe to Ranjit Boparan
Tesco has agreed to sell Giraffe to 2 Sisters owner Ranjit Boparan as the supermarket continues its strategy of disposing of non-core assets.
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NewsMedia Bites 10 June: M&S, Argos, Morrisons, Boots
The M&S annual report and the pay of Marc Bolland and Steve Rowe is poured over; the Q1 sales growth for Argos also features, alongside a management shake up at Boots.
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NewsCity snapshot: Iceland slows decline of like-for-like sales
aroIceland has slowed the rate of decline in its like-for-like sales thanks to new initiatives introduced throughout the year. Plus Tesco agrees the sale of Giraffe; and Sainsbury’s CFO John Rogers to take charge of Argos.
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NewsArgos puts in best performance for two years
Home Retail Group has given Sainsbury’s a boost today as it revealed Argos put in its strongest sales growth performance in eight quarters.