Finance news – Page 552
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NewsPoundland's Jim McCarthy undeterred by CMA wait
Poundland’s ambition to pursue more deals has not been diminished by four months of in-depth scrutiny…
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NewsCity snapshot: Consumer confidence improves in August
UK consumer confidence in on the up, according to the latest GfK UK Consumer Confidence Index, while the FTSE rebounds and Waitrose weekly sales edge up.
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NewsPernod Ricard suffers €404m Absolut write-down
Pernod Ricard undershot industry performance expectations for the 2014/15 financial year after the drinks company decided to book an impairment charge of €404m on its biggest brand, Absolut
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NewsConfectioner Hope & Greenwood rescued from administration
Old-fashioned sweetshops in London have closed but the brand lives on thanks to Monty Bojangles manufacturer
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NewsCity snapshot: Iglo/Nomad first half like-for-likes down 4.9%
Iglo Group owner Nomad saw a 2.4% revenue decline as the frozen specialist battled “difficult retail conditions”
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NewsMedia bites 27 Aug: Sainsbury's, Amazon, Morrisons
The main retail story in the papers this morning is Sainsbury’s announcement it is to pay the “living wage” to its employees
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NewsSainsbury's gives staff biggest pay increase in over a decade
137,000 of Sainsbury’s store staff will get a pay increase of 4%, taking Sainsbury’s standard rate of pay to £7.36 per hour
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NewsCarl Ravenhall leaves Müller Wiseman Dairies
The company said Ravenhall had been instrumental in steering the business through a period of “major change”
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NewsCity snapshot: Crawshaw Group adds CFO and COO
Value butchery chain Crawshaw Group has filled its vacant chief financial officer role and appointed a new chief commercial officer as it moves forward with expansion plans.
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NewsMorrisons told to provide shoppers with greater clarity on Match & More
The ASA has told Morrisons not to repeat the adverts for Match & More until it has provided consumers with clearer information
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NewsPoundland shares soar on approval of 99p Stores merger
Shares in Poundland have jumped 5.5% this morning as investors reacted positively to news that its £55m acquisition of rival 99p Stores can now go ahead.
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NewsTesco makes concessions in new pension plan but final salary scheme is axed
The move is part of a raft of changes which will commence in November
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NewsThree bidders vie for Tesco's South Korean arm
Bidders include Affinity Equity Partners and KKR & Co, Carlyle Group, and MBK Partners
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NewsCMA clears Poundland/99p Stores deal: What the analysts say
Reaction to this morning’s CMA approval of Poundland’s long-expected acquisition of 99p Stores
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NewsCity snapshot: Poundland takeover of 99p Stores gets green light
Poundland’s £55m takeover of rival discounter 99p Stores has been provisionally cleared by the competition watchdog after facing in-depth scrutiny over the past few months.
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NewsMedia Bites 25 August: Black Monday, Asda Income Tracker, Monsanto
The business sections of today’s papers are dominated by coverage of values on stock markets round the world plunging on ‘Black Monday’
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NewsStock Spirits aims to treble UK revenues
European drinks group Stock Spirits has set its sights on trebling sales in the UK over the next two years after trading difficulties in Poland led to sales and profits plunging in its first half.
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NewsAsda says families enjoyed 10% more disposable income in July
Families had almost 10% more to spend in July compared to last year, according to the Asda Income Tracker.
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NewsCity snapshot: Naked Wines launches 'text for wine' service
Online crowd funded retailer Naked Wines continues to seek a boost in the fortunes of new owner Majestic Wine
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NewsMedia Bites 24 August: Tesco, BHS, Amazon Fresh
Tesco now looks set to lose out on the sale of its Korean business as well thanks to a slide in the local currency