Finance news – Page 567
-
NewsBRC calls for government clarity over business rates
Group admits government does not have enough time to draw up new roadmap before 2017
-
NewsSainsbury’s boss Mike Coupe sees better times ahead
Sainsbury’s CEO Mike Coupe has speculated that its 2.1% first quarter like-for-like sales decline could signal the “low point of the cycle” as deflation eases and volumes return.
-
NewsIceland sales fall 4.4% in "exceptionally challenging" year
Profits at Iceland plunged by a quarter last year as like-for-like sales fell 4.4% in an “exceptionally challenging year”.
-
NewsSainsbury's blames deflation for marked Q1 decline
After a 3.7% decline, Mike Coupe said volume and transactions continued to grow on the back of “improved value and further investments in quality”
-
NewsMedia Bites 10 June: Tesco, Premier Foods, P&G
Potential buyers are circling Tesco’s South Korean operations
-
NewsCity snapshot: Sainsbury’s first quarter like-for-likes down 2.1%
Sainsbury’s like-for-like sales have fallen by 2.1% during the 12 weeks to 6 June.
-
NewsPoundland shares fall to all-time low after house broker downgrade
Shares in Poundland have fallen today to their lowest price since the discount chain floated in March 2014 on the back of a downgrade from its house broker.
-
NewsACS calls for big changes to current business rates system
Most retailers would prefer to stick with the property based system of business rates, rather than change to a fundamentally new basis of taxation
-
NewsPremier Foods calls time on 'power brands' strategy
Premier Foods’ switch to a more category-focussed approach has effectively spelt the end of its ‘power brands’ strategy.
-
NewsPayPoint profitable for retailers, analysts claim
The analysis by Numis Securities refutes retailers’ claims they are making a loss on the service
-
NewsCity Snapshot: Food sales stablise in May
Britain’s grocers saw food sales stabilise in May but the chilly weather and lack of sustained sunshine dampened overall retail figures for the month, according to the latest BRC-KPMG Retail Sales Monitor.
-
NewsMedia Bites 9 June: Boots, Diageo, e-cigarettes
Boots cuts 700 jobs to concentrate on online and Diageo takeover rumours add almost £3bn to its value in one fell swoop
-
NewsDiageo shares soar on takeover talk
Shares in Guiness-maker Diageo jumped up 6.8% in morning trading today after Brazilian reports suggested 3G Capital was eyeing a bid of the company.
-
NewsHambledon Vineyard raises £3.5m in mini-bond scheme
One of England’s oldest vineyards has raised £3.5m in a crowdfunding scheme to help expand its output and build up stocks.
-
NewsCrawshaw buying director retires after 25 years
Independent butcher Crawshaw Group is searching for a new buying director after Colin Crawshaw stepped down from the board.
-
NewsProfits slump at Interbev despite double-digit sales growth
Interbev saw its profits plunge nearly 70% last year in what owner Stephen Brogan said was “easily the toughest of our seven years in business”.
-
NewsMotor Fuel Group bought by Clayton, Dubilier & Rice for £500m
Motor Fuel Group, the UK’s second largest independent petrol and convenience retailer, has been sold by Patron Capital
-
NewsCity Snapshot: Morrisons fires latest salvo in price war
David Potts has revealed his first round of price cuts since taking charge, slashing the prices on 200 “everyday items”
-
NewsMedia Bites 8 June: Morrisons, Sainsbury’s, Tesco
Things aren’t looking any easier for Britain’s big supermarkets this week as Tesco admits it is likely to have breached the industry code of practice in dealing with suppliers, Sainsbury’s is expected to reveal sales have dropped again and Morrisons ramps up the price war with cuts to 200 items.
-
NewsHeckstall & Smith butcher's shop crowdfunding targets £130,000
A crowdfunding campaign has been launched to raise £130,000 to open a traditional butcher’s shop…