Finance news – Page 577
-
NewsTakestock food waste firm picks up joint venture backing
Takestock.com is a marketplace for surplus food and drink, including beverages, fresh fruit and frozen food, but also sells food packaging and other equipment
-
NewsCity Snapshot: Carr's posts record first-half performance
Listed agriculture and milling group Carr’s has increased pre-tax profits despite its revenues dipping in a record first-half performance. Plus Halfords loses another leading executive.
-
NewsMedia Bites 13 April: Deflation, Co-op, Asda
Britain could be heading for deflation for first time in half a century; Co-op top brass set for bumper bonus; and Asda begin the search for a new chief eoperating officer.
-
NewsThomas J Fudge's mulls sale as brand overhaul continues
Thomas J Fudge’s Remarkable Bakery is working with corporate adviser Grant Thornton on a potential sale of the business.
-
NewsCarrefour sees 3.2% first quarter sales growth
French hypermarket chain Carrefour has seen revenues grow by 3.2% on an organic basis (ex petrol) in the first three months of 2015.
-
NewsMajestic Wine adds online potential with £70m Naked Wines takeover
Majestic Wine has swooped for rival Naked Wines in a £70m deal which will rapidly accelerated the listed retailer’s online plans and gives the listed group a new CEO.
-
NewsCity Snapshot: Majestic Wines appoints CEO as it acquires Naked Wines
Majestic Wines appoints new CEO as it pays £70m to takeover Naked Wines. Plus Carrefour reveals strong quarter one figures and Waitrose has “best-ever” Easter for non-food.
-
NewsMedia Bites 10 March: Poundland, Co-op, Boots
Three retailers dominate the business pages this morning as Poundland is frustrated by the monopoly watchdog, Co-op’s rescue plan gains traction and Walgreens Boots Alliance reports first half results.
-
NewsCranswick finishes year with ‘strong’ quarter
Listed meat supplier Cranswick has finished the year with a “strong” quarter as underlying sales rose by 1%.
-
NewsCamden Town Brewery sells 20% stake to private family for £10m
Camden Town Brewery has agreed to sell 20% of the business to a Belgian manufacturing family for £10m.
-
NewsPoundland’s 99p acquisition faces in-depth monopolies probe
Poundland’s takeover of the 99p Stores chain will be referred for an in-depth investigation “unless acceptable undertakings are offered”, the Competition and Markets Authority has confirmed today.
-
NewsMedia bites 9 April: Aldi, Waitrose, Starbucks
This morning’s retail news is dominating by Kantar Worldpanel’s figures yesterday suggesting that Aldi has now overtaken Waitrose as the nation’s sixth largest grocer.
-
NewsCity snapshot: Disposals boost Co-op's profits
The Co-op Group has turned a £255m loss in 2013 into a profit of £124m last year despite a fall in group revenues, Cranswick sees volume growth, PZ Cussons trading update and all the rest of the moves and news from the City.
-
NewsCaterway shuts its doors following collapse in trading
Wholesaler Caterway has ceased trading after attempts to secure the external investment it needed to survive failed.
-
NewsAldi overtakes Waitrose to become Britain's sixth biggest supermarket
Aldi, Lidl and Waitrose only retailers to increase market share, Sainsbury’s back in growth
-
NewsMedia bites 8 April: Organic food sales, shop prices, tobacco lobbying
Organic food sellers have notched up fruitful growth as economy recovers, according to The Telegraph.
-
NewsCity snapshot: Shop prices fall to new lows
High street prices are falling at the fastest rate for a decade, according to the BRC-Nielsen Shop Price Index published this morning, plus all the latest share price moves and news from the City.
-
NewsPartner in Pet Food in €315m private equity buyout
European private equity firm Pamplona Capital Management has acquired Hungary’s Partner in Pet Food for €315m (£230m).
-
NewsStandard & Poor’s upgrades Bakkavor following refinancing
Credit ratings agency Standard & Poor’s has upgraded the corporate rating of Bakkavor by one notch due to its “resilient performance despite challenging conditions”.
-
NewsCity Snapshot: 2015 economic outlook is "encouraging", says CBI
Economic growth held steady in the UK during the first quarter and is expected to gather momentum over the next three months