Finance news – Page 564
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NewsMüller acquisition of Dairy Crest takes big step forward
Müller UK & Ireland has offered processing capacity at two sites in the south west of England and South Wales to a third party dairy processor in a bid to allay CMA fears
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NewsTesco/Morrisons shares honeymoon 'will soon be over'
A damning new report on UK supermarkets has warned the sense of investor optimism about the sector will soon be over…
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NewsAhold-Delhaize merger prompts Morrisons-Sainsbury's gossip
The mega-merger of European supermarket giants Ahold and Delhaize will shake up the grocery sector in Europe and the US…
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NewsNisa posts £3m loss and admits 'over-optimism' on lost business
Buying group Nisa has recorded a £3m loss – the first in its history – for the year to April 2015…
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NewsMedia bites 26 June: Supermarket mergers, Tesco, discounters
The Telegraph speculates whether Britain’s supermarkets could be about to merge after the Ahold and Delhaize deal sparked speculation that UK grocers could team up in the face of falling sales.
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NewsCity snapshot: Tesco’s first quarter sales beat expectations
Tesco continued to show an improving sales trend in the first quarter as its like-for-like sales trend improved once more in what CEO David Lewis called “another step in the right direction”
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NewsSainsbury's the latest to cut milk prices
The retailer announced today (26 June) that the price of two pints of its own-label milk had been dropped from 89p to 75p across its supermarkets
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NewsUnilever snaps up Dermalogica
Sold in more than 80 countries, Dermalogica had a turnover of $240m (£153m) last year
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NewsExtension of GCA powers could take years
CMA reveals that any further powers would require fresh investigation or new legislation
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NewsSainsbury's Helen Buck departs for Palmer & Harvey
The supermarket’s business development director had been on the board since 2010
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NewsCity snapshot: B&M Bargains CEO’s salary more than trebles
The basic pay of B&M European Value Retail’s CEO Simon Arora will increase to £575k in the current financial year
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NewsNutrition supplement business Melrob Grove rescued from administration
Tring-based nutrition supplement business Melrob Grove has been rescued from administration saving 11 jobs
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NewsMedia bites 25 June: Ahold/Delhaize, Sainsbury's, Morrisons
The €25bn tie-up between Ahold and Delhaize will see the European grocers unite for an “assault” on Walmart.
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NewsFirst Milk chairman to step down as farmgate prices fall again
From 1 July, the processor will be paying ‘A’ prices at or below 20ppl, while farmers on the Isle of Bute pool will be paid even less, at 18.30ppl
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NewsMedia bites 24 June: Co-op, John Lewis, Tesco
The financial woes of The Co-operative Group have wounded it so seriously that it can no longer boast of being Britain’s biggest-grossing co-op
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NewsCity snapshot: Ahold and Delhaize press on with merger
European retail giants Ahold and Delhaize have announced their intention to press ahead with a full-scale merger of equals this morning.
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NewsYoung's Seafood site in turmoil after losing Sainsbury's contract
Sainsbury’s has given a salmon processing contract to Norwegian seafood giant Marine Harvest, placing hundreds of jobs at risk
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NewsNew GSCOP probe threatened after BBG survey reveals agreement breaches
Move from back margin to front margin is causing ructions in supplier-retailer relationships
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News2 Sisters back in third quarter profit
2 Sisters owner Boparan recorded a third quarter profit after heavy losses last year after like-for-like sales edged up by 1.1%.