Finance news – Page 538
-
NewsSimon Hay to step down as CEO of Tesco data arm Dunnhumby
Dunnhumby helped Tesco dominate the UK supermarket industry with the launch of Clubcard
-
NewsInflation leaps to highest level since June 2014 as food prices rise
Inflation has hit its highest rate for two-and-a-half years, driven by the dramatic slowdown in falling food prices since the EU referendum and rising fuel costs at the pumps.
-
NewsMedia Bites 14 February: Heineken, Ocado, Tesco, Champagne prices, Co-op Bank
Heineken’s second acquisition in as many months is covered this morning. Plus, a note from Bernstein analysts warns that Ocado might run out of cash before it has time to strike an overseas deal.
-
NewsCity snapshot: Shoppers expect rapid price rises in 2017
The majority of consumers are feeling the pinch from rising prices over the past year and expect more rapid hikes to come in the next 12 months in the wake of Brexit, according to market research firm GfK.
-
NewsThe Co-op puts Bank up for sale
Flatlining interest rates and high transformation costs put a spoke in bank’s plans for organic growth
-
NewsTesco orders promotion checks after damning BBC investigation
Undercover reporter found customers were being overcharged on multibuys at two thirds of stores visited
-
NewsMedia Bites 13 February: Reckitt Benckiser, Tesco/Booker, M&S
Reckitt Benckiser’s $17.9bn acquisition of baby formula firm Mead Johnson comes under scrutiny in this weekend’s papers. Plus, the Tesco/Booker merger will spark a massive offensive on click-&-collect growth, Dave Lewis says.
-
NewsCity snapshot: Footfall declines at fastest pace since Brexit vote
Consumers avoided the high street in January as footfall declined at its fastest rate since June last year, according the latest data from BRC – Springboard.
-
NewsDairy Crest shares fall on warning of high net debt
The spectre of rising costs spooked Dairy Crest investors on Thursday morning
-
NewsDeflation grinds to a halt for the first time since mid 2014
Tesco was the only big four retailer to buck the trend with its prices still down 1% year on year
-
NewsTen Acre named as 'Export Champion' by government
The rapidly growing crisps and popcorn brand already exports to more than 40 countries
-
NewsTyrrells sales boom as it plans global growth with new owner
Overall turnover, net of discounts and promotional costs, leapt by 25% to £61.6m
-
NewsMedia Bites 10 February: Waitrose, Carlsberg, Tate & Lyle, Dairy Crest
Waitrose store closures hit the papers.
-
NewsCity snapshot: Reckitt Benckiser agrees $17.9bn deal for Mead Johnson
Durex owner Reckitt Benckiser is to acquire baby formula firm Mead Johnson Nutrition Co in a deal worth $17.9bn
-
NewsKellogg profits grow faster than expected but UK drags on group sales
US food group Kellogg has beaten profit expectations in the fourth quarter despite revenues falling for the eighth reporting period in a row, with conditions particularly difficult in the UK.
-
NewsFyffes takeover deal gets go-ahead from the EC
Fyffes said the EC had determined it would “not oppose the acquisition”
-
NewsFresh produce shortage bites UK retailers to tune of £8m
eThe UK’s top nine supermarkets saw year-on-year sales of courgettes fall by more than £2m last month
-
NewsWaitrose to close six stores and alter store management roles
Waitrose will open a total of eight new stores over the course of the year
-
NewsBernard Matthews set to cut 150 jobs in Norfolk
The turkey giant said it was consulting over proposals
-
NewsCity snapshot: Dairy Crest warns cost inflation will hit net debt
Dairy Crest (DCG) has grown volumes in its key brands in the first nine months of the year, but has warned over the impact of rising input prices. Plus Tate & Lyle has upgraded earnings expectations after a strong third quarter, Pernod Ricard grows underlying sales and all the rest of this morning’s news from the City.