Finance news – Page 580
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NewsTesco takes back 21 superstores in British Land property swap
Tesco has taken back full ownership of 21 superstores from property giant British Land in an effort to head off future rental increases.
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NewsMedia Bites 20 March: Aldi, Amazon, business rates
Aldi is planning to launch an online store in Britain, which would be its first foray into ecommerce in Europe
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NewsCity snapshot: Tesco regains superstores from British Land
Tesco has entered into a £733m property swap with British Land, Waitrose sales boosted by Mother’s Day and all the latest news from the City.
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NewsHaywood & Padgett eats up snack brand Nibnibs
Bakery Haywood & Padgett has acquired the snack brand Nibnibs in a deal which will allow the smaller company to expand its production capabilities.
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NewsFerrari’s Coffee saved from administration in pre-pack deal
Ferrari’s Coffee, one of oldest coffee roasting companies in Wales, has been handed a reprieve after being sold out of administration.
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NewsMedia bites 19 March: the budget, AB InBev, tobacco lawsuits
As might be expected with the general election around the corner, the papers are split strictly down party lines on George Osborne’s sixth budget yesterday. There’s a euphoric reaction from the more Conservative leaning press, with the Daily Telegraph proclaiming the “End of tax on savings”, The ...
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NewsCity Snapshot: Next results suggest economic environment is easing on the high street
Retail sector bellwether Next defied its own autumn warning over trading conditions to post a 12.5% rise in profits this morning, New Britain Palm Oil seeks a new CEO and all the latest news from the City.
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NewsCo-op investor in Glanbia plans to reduce its stake
Glanbia Co-operative Society, the largest investor in Irish food group Glanbia, is to dilute its stake by transferring shares to its members and selling a portion in the secondary market.
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NewsGeneral Mills' sales and profits fall as it looks to cut jobs
Sales and earnings at General Mills, which owns brands such as Old El Paso, Lucky Charms cereal and Green Giant, have fallen in its third quarter as a result of the strong dollar and restructuring costs.
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News2015 Budget: fmcg industry reactions
Reactions to today’s budget from the wider industry will be updated here as we get them in
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NewsCity Snapshot: Chancellor George Osborne lines up pre-election sweetener
Chancellor George Osborne will fire the gun today on the Conservative election campaign as he aims to hand out a few treats to soften up voters and business
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NewsMedia Bites 18 March: Sainsbury's, BHS, 'back door inflation'
In a morning dominated by the build up to the pre-election Budget, the newspapers still find room to cover the latest sales decline at Sainsbury’s, worries of mass store closures at BHS and ‘sneaky’ price rises on products with shrinking pack sizes.
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NewsDutch IPO could value Refresco Gerber at €1.3bn
Dutch drinks giant Refresco Gerber will be valued at between €1.07bn and €1.29bn (£770m-£930m) when it floats in Amsterdam later this month.
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NewsMinimum wage hike leaves convenience store operators frustrated
The ACS warned that the 3% increase in the adult rate from £6.50 to £6.70 would have a negative impact on staffing and investment levels in the convenience sector
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News2 Sisters warns of more pain as Avian flu and price war hits trading
2 Sisters is feeling the effects of the supermarket price war with boss Ranjit Singh warning of difficult trading conditions
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NewsMedia bites 17 March: Business rates, pensions and Dunnhumby
The Government’s launch of a “radical” review of business rates sent the sector’s shares soaring yesterday, but retailers only gave a “cautious welcome” to the consultation.
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NewsCity snapshot: Sainsbury's Q4 like-for-like sales down 1.9%
Sainsbury’s like-for-like sales drop in the fourth quarter edges out to 1.9%, while 2 Sisters Food Group owner Boparan has announced a 1.6% fall in second quarter and all the other latest news from the City.
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NewsPanesar Food agrees £7.4m bank finance package
A specialist sauce and condiment maker in the Midlands is set to expand its production capacity after securing a seven-figure bank funding package.
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NewsMcColl's bosses scoop share awards but miss out on annual bonus
Executives at newsagent chain McColl’s received a £5.3m share-related bonus last year after the company’s IPO on the London Stock Exchange, but missed out on a profit-based annual bonus.
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NewsBusiness tax rate review announced by government
The review, set to report in 2016, would look at how businesses use property, what the UK can learn from other countries, and how to modernise the system