Finance news – Page 582
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Media Bites 11 March: Kantar Worlpanel, Ocado, cigarette plain packaging
The latest market share data for the supermarkets gets plenty of attention today, along with Ocado’s partnership with Morrisons and impending plain packaging regulation for cigarettes.
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Burton's Biscuit Company signs US distribution deal
Although it has distributed to the US before, the supplier said the deal represented a big increase in focus on international brand building
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Ocado’s shrinking basket size is down to deflation, says Steiner
Ocado CEO Tim Steiner has put the continuing fall in basket size at the online grocer down to food deflation and changes to the way customers order at its pet product and kitchen and dining companies.
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Life is sweet for Lindt with double digit growth
Substantial market share gains were made in all the core markets and in the emerging growth markets
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Menzies Distribution delivers 'robust' performance
Several “positive actions” offset newsprint and magazine declines, maintaining 2013 profit levels into 2014 at £24m – marginally down on last year’s £24.3m
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Aldi hits record market share as Tesco posts best growth in 18 months
Aldi share at 5%, Lidl also posts 13.6% sales growth as discounters continue rise
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Ocado offers reassurances over 25-year Morrisons deal
CFO Duncan Tatton-Brown believes that the contract was the best deal done under Dalton Philips, and that Morrisons are “pretty happy” with it
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City snapshot: Ocado sales up 19.2% despite fall in basket size
Online grocer Ocado posted a 19.2% rise in group sales for the first quarter despite a fall in average basket size as the retail price war intensified
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Country Products boosts sales and workforce with bank funding package
Healthy snack supplier Country Products has recruited a number of new employees and boosted turnover after agreeing an invoice financing deal with Yorkshire Bank.
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City Snapshot: SABMiller confident of winning solid growth in Africa
SABMiller MD Mark Bowman outlines the brewer’s African growth aspirations
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Media Bites 9 March: Morrisons, Tesco, M&S
Morrisons former CEO Dalton Philips to receive £3m payout, Tesco manager in charge of in store dining leaves, and M&S replace dividend with discounted gift card.
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Findus hit by strong pound but buoyed by Southern Europe
Findus Group saw a fall in revenues in its first quarter, as a result of negative currency impacts from the strong pound
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Brakes top line growth delivers profits boost
Brakes has reported strong full-year sales, with growth in EBITDA and a continued fall in debt/EBITDA ratio…
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Cauli Rice smashes funding target as it readies for launch
Rice replacment product Cauli Rice has attracted £420k through its second round of crowdfunding as it gets set to launch in Sainsbury’s, Waitrose and Holland & Barrett.
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Media bites: FTSE 100, Lidl, Seabrooks, Carrefour
The FTSE 100 setting another record high yesterday is well covered by the papers today, but HSBC has warned that the good times may not last
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City snapshot: Waitrose continues to find 2015 hard going
Waitrose is continuing to find trading tough in 2015, with headline sales rising by just 0.3% in the week to 28 February. Plus, the FTSE 100 hits a record high, investors back Nicholls and all the latest news from the City.
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Profits and revenues up at Carrefour as European trading stabilises
French retail giant 2014 Carrefour has posted a 3.9% rise in full-year sales as conditions improve in its home market and trading has ”stabalised” across Europe.
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Yeo Valley profits squeezed as organic brand pushes up sales
Profits have slipped at dairy group Yeo Valley despite a £14m rise in sales to £275m as its margins were squeezed by the steady increase in the cost of its ingredients
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City Snapshot: Profits and sales leap at Vimto maker Nichols
Nichols has grown its Vimto brand in the UK in 2014 on the back of a new advertising campaign fronted by a purple toad leading to jumps in sales and profits. Carrefour also posts full year results.
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Media Bites 5 March: Greggs, McDonalds, Coca-Cola
Greggs continued turnaround, a new marketing push in the UK for Coca-Cola and an updated chicken policy for McDonald’s all feature in today’s newspapers.