Finance news – Page 536
-
NewsCity Snapshot: Supermarket deflation back towards record highs
The Grocer Price Index shows deflation is ractcheting upwards again to move back towards the record high recorded in March, meat producer Stoddarts bought by a group of investors and all the rest of today’s news from the City.
-
NewsMedia Bites 13 Nov: SABMiller, Morrisons, Tesco
SABMiller’s first half result announcement yesterday is the major topic for the papers this morning.
-
NewsScottish beef processor Stoddarts sold to private investors
Scottish beef processor Stoddarts has been sold by owner Neil Stoddart to a group of private investors.
-
NewsConviviality expands reach into events with Peppermint deal
Conviviality is to acquire a majority stake a bar and events company operating at festivals and sporting events as sales soar 38% in first half thanks to Matthew Clark deal.
-
NewsCity Snapshot: Exchange rates cause double-digit profit and revenue drop at SABMiller
SABMiller has suffered a 12% drop in revenues in the six months to 30 September
-
NewsMedia Bites 12 Nov: Sainsbury's, SABMiller/InBev, Carlsberg
Two stories dominate the press this morning – Sainsbury’s profits plunge and SABMiller agreeing a price for its buyout by AB InBev.
-
NewsSainsbury's results: what the analysts say
Sainsbury’s has reported a 17.9% slump in underlying interim pre-tax profit, the worst half-year profit for years
-
NewsCarlsberg restructures UK business as group makes Q3 losses
Carlsberg has begun restructuring its UK business in response to its “deteriorating” performance and September’s Tesco delisting
-
NewsSainsbury’s underlying interim profit plunges 18%
Although the worst half-year profit for years, trading was better than the City expected
-
NewsAB InBev agrees terms of £71bn SABMiller takeover
AB InBev has today reached an agreement to acquire SABMiller for £71bn, after the board of the smaller company accepted an offer worth £44 a share.
-
NewsRetail sales slump in October
Shoppers are holding fire in anticipation of Black Friday, the latest intelligence from the British Retail Consortium for October suggests.
-
NewsMedia Bites 11 November: AB InBev, SABMiller, Premier Foods, Mark Price
The papers feature the imminent agreement of the AB InBev takeover of SABMiller, the return to branded growth of Premier Foods and Waitrose MD Mark Price calling a fairer form of capitalism.
-
NewsCity snapshot: Sainsbury's profits slump 18% as price war bites
Sainsbury’s underlying pre-tax profits have fallen almost £70m to £308m in the first half as the supermarket invested heavily in lowering prices. Plus, AB InBev agrees terms with SABMiller for £71bn takeover and Real Good Food profits from Napier Brown sale.
-
NewsAsda turns back on Black Friday due to 'shopper fatigue'
Asda, the pioneer of Black Friday in the UK, pulls plug on sales scramble
-
NewsKent Potato Company to be closed by Produce Investments
Decision comes after a reduction in a major contract to supply potatoes to an unnamed supermarket
-
NewsSunday trading relaxation in England and Wales jeopardised by SNP
SNP fears the government’s move could put pressure on national retailers to reduce wages across the UK
-
NewsPremier Foods share price sweetens as investment in brands pays off
Shares in Premier Foods have this morning rocketed up by 21% after the grocery supplier increased quarterly branded sales
-
NewsCity snapshot: Premier Foods grows branded sales for first time in two years
Premier Foods has posted the first quarterly increase in branded sales for two years this morning as it announces the introduction of a new brand from Great British Bake Off judge Paul Hollywood.
-
NewsTesco CEO Dave Lewis urges government to hike tax for online retailers
Dave Lewis has urged the government to increase the tax burden on online companies
-
NewsSamworth Brothers appoints Alex Knight as new group CEO
Ginsters and Soreen owner Samworth Brothers has appointed Alex Knight as its new group chief executive