Finance news – Page 51
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NewsCity snapshot: Sainsbury’s shares up 4% after ‘record year’
The supermarket warned that its profits would fall this year as it spent to ‘maintain its competitive position’
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NewsSainsbury’s warns profits will fall to £1bn after record year
Sainsbury’s has promised more price cuts to maintain momentum amid growing market share
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NewsPernod Ricard blames sales forecast miss on disruption in China and India
Sales in the three months ended 31 March fell organically by 3% to €2.3bn
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NewsFood inflation falls to 3% in March led by confectionery
Overall UK inflation dropped to 2.6%, led by falling petrol prices
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NewsCity snapshot: WH Smith looks to shake off tariff concerns ahead of high street sale
WH Smith saw profits in its travel arm rise 12% in the first half of the year
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NewsWH Smith travel profits jump ahead of high street sell-off
The retailer confirmed the sale to Modella Capital should complete in the summer
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NewsCruzcampo and Murphy’s shine for Heineken amid wider beer declines
Despite volumes falling, performance was ‘better than the market’, Heineken insisted
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NewsMedia Bites 15 April: US-UK trade deal, Nivea, olive oil and wages
US vice-president JD Vance said there was a “good chance” a trade deal could be reached with the UK
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NewsCity snapshot: B&M looks to shore up sales after another weak quarter
B&M is planning to open 45 new stores this year despite weaker sales across its stores
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NewsMolson Coors CEO Gavin Hattersley to retire
A search to find Hattersley’s successor will take in both external and internal candidates
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NewsCollapse of vertical farm Jones Food Company was ‘inevitable’, group warns
The Lydney, Gloucestershire-based business was placed into administration on 7 April, with 61 staff made redundant
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NewsXoxo Soda seals £4m investment on eve of major UK retail push
Xoxo launched in Co-op this month
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NewsMüller snaps up Biotiful Gut Health in £100m-plus deal
Kefir brand Biotiful Gut Health has been acquired by dairy giant Müller for an undisclosed figure
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NewsVertical farming giant Jones Food Company appoints administrators
The Lydney, Gloucestershire-based business closed its doors on Monday 7 April with 61 staff made redundant
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NewsGenius Foods bailed out by owner after losses mount
Katjes has sought to initiate a turnaround at Genius since buying the business in 2022, but has struggled to make much headway
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NewsTesco slashing £500m of costs as price war escalates
Tesco is cutting an additional £500m of costs amid escalating costs and falling profits, saying it needs the ‘flexibility and firepower… to respond to current market conditions’
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NewsMedia Bites 10 April: Trump’s tariff turnaround, hiring scaled back and Unilever salary backlash
Rachel Reeves is not backing calls for the UK government to launch a “buy British” campaign in response to tariffs
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News‘Act decisively’ to protect food’s £37bn contribution, government urged
The Powering Communities report highlights the economic contribution of the industry stretching across every region of the UK
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NewsMedia Bites 9 April: Aldi overtakes Asda and Trump tariffs fallout
The news continues to be dominated with the fallout from Trump’s trade tariffs, while Aldi has overtaken Asda on food and drink sales for the first time
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NewsCity snapshot: KKR nears €2.5bn deal for Karo Healthcare
A deal would be counter to the downbeat mood following Donald Trump’s decision to place tariffs on almost every country