Finance news – Page 540
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NewsCity Snapshot: Aldi ups pay to £8.40 an hour
Aldi has pledged to raise pay for its employees across the UK, Majestic Wine drops six bottles minimum purchase policy and all the rest of the latest news from the City.
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NewsMedia Bites 26 Oct: Tesco, AB InBev, Sainsbury's
Tesco should soon be able to draw a line under its disastrous venture into the United States.
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NewsCarl Ravenhall joins First Milk as non-executive director
Ravenhall stood down from Müller Wiseman during the summer
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NewsCott Beverages feels effect of own-label soft drinks decline
Revenues have fallen 3% at Cott Beverages as the UK market for own-label soft drinks declined
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NewsAsda goes back to basics in major strategy u-turn
Asda boss Andy Clarke was this week forced into a u-turn just 18 months into the launch of a five-year strategic plan
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NewsCity Snapshot: UK discretionary incomes up 10.6%
Asda’s latest Income Tracker has revealed that average household disposable income is up 10.6% year-on-year, while Waitrose weekly sales rise 1.1% and Science in Sport raises £8.9m.
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NewsMedia Bites 23 Oct: Retail sales, sugar tax, McDonalds
Government figures showing a boost in retail spending in September are the heavily covered in this morning’s papers.
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NewsVita Coco coconut water sales rocket despite Innocent entry
Growth at coconut water brand Vita Coco has continued to rocket despite Innocent muscling into the category
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NewsBurton's Biscuit Co sales hit by failed UB takeover
Wagon Wheels manufacturer Burton’s Biscuits suffered a sharp drop in sales in its first year under Canadian ownership, as its attempts to grow through acquisitions were thwarted.
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NewsFrance is top European destination for Scottish food & drink
Exports to France have soared by 50% since 2007
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NewsRugby World Cup promotions drive retail sales
Supermarket price wars and the Rugby World Cup have provided a shot in the arm for retail sales in food stores last month, according to the latest official figures.
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NewsCity Snapshot: Mothercare second quarter UK like for like sales up 6.5%
Baby goods retailer Mothercare reports a 6.5% rise in second quarter like for like sales, while Debenhams CEO quits and Reckitt’s shares are boosted by its third quarter sales boost.
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NewsMedia Bites 22 Oct: Coca-Cola, Starbucks, Waitrose
Coca-Cola hit by strong dollar and Starbucks suffers EU tax blow…
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NewsHeinz Beanz and sauces growth makes up for sagging soup sales
Heinz Beanz and sauces both saw strong growth in the UK last year to help boost profit margins and negate the impact of a sharp drop in soup sales.
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NewsMedina Dairy bullish on supermarket milk contracts following Müller deal
The agreement will boost Medina’s milk processing capacity by a third
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NewsFmcg administrators hopeful of striking a rescue deal
A buyer is being sought to rescue a personal care and consumer goods business which supplies its products to supermarkets, pharmacies, discounters and wholesalers throughout the UK.
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NewsChapel Down launches £1m crowdfunding push
Curious Drinks has launched a crowdfunding campaign and share placing to raise at least £1m via the Seedrs platform.
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NewsReckitt beats City forecasts and ups full year sales target
Reckitt Benckiser has topped City expectations after recording a 7% jump in like for like sales during the third quarter.
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NewsCity snapshot: Reckitt Benckiser raises full-year revenue targets
Reckitt Benckiser has defied the City yet again by continuing to beat analyst expectations with a 7% jump in like-for-like sales to £2.2bn in the third quarter.
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NewsMedia Bites 21 October: Mark Price, Kantar Worldpanel
There is only really one retail story dominating the papers this morning and that is the surprise news of Mark Price’s departure as MD of Waitrose