Finance news – Page 584
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NewsCrawshaw appoints McMeikan as like-for-like sales fall
Like-for-like sales at value meat retailer Crawshaw dipped as footfall on the street decline in recent months. It also appointed Brakes CEO Ken McMeikan as a non-executive director
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NewsMenzies Distribution workers vote to strike over 'pitiful' pay offer
Unite members voted 86% in favour of strike action and 91% for industrial action short of a strike
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NewsMedia Bites 29 June: My Local, Ocado, Brexit, Molson Coors, BHS
Troubled convenience chain My Local has closed almost 90 stores in the past few days and let more than 1,200 workers go as it faces administration, according to this morning’s papers.
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NewsCity snapshot: Greene King sales fizz but boss worries about Brexit impact
Revenues at Greene King have risen 58% to £2.1bn in a “transformational” year for the brewer and pub group in which it acquired the Spirit Pub Company
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NewsOcado claims Amazon Fresh launch has had ‘absolutely no impact’ on its business
Ocado continued to perform very strongly in the 69 postcodes where Amazon Fresh now operates, CEO Tim Steiner said
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NewsUlf Mark Schneider to take up Nestlé chief executive role
Schneider will be the first outsider since 1922 to lead the food and drink giant
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NewsEU protected food names under threat after Brexit vote
Defra urged to act quickly to safeguard scheme
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NewsBrexit: no immediate impact on grocery sales, say Kantar and Nielsen
Precedent suggests there won’t be a significant impact, experts say
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NewsOcado sales increase but still no overseas deal on the horizon
Ocado first-half revenues rise 15.1% to £584.2m but there is still shows no sign of a long-awaited deal with an international partner
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NewsGrocery market goes into decline for first time in 2016
Sales were down 0.2% in the 12 weeks to 19 June, Kantar Worldpanel data shows
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NewsMedia Bites 28 June: Brexit, BHS, GCA, Nestle, Pepsi
Brexit continues to be the main focus for the papers as the pound fell to a new 31-year low against the dollar yesterday.
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NewsInnocent sales boom in Continental Europe but UK sales drop
Innocent sales are booming in Continental Europe but UK sales dropped by 3% last year, newly filed accounts have revealed.
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NewsTesco like-for-like growth impresses investors
Two successive quarters of like-for-like growth at Tesco got investors on board as CEO Dave Lewis’ efforts to turn the supertanker around continued to show progress.
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NewsCharlie Bigham's sales growth accelerates
Posh ready meal supplier Charlie Bigham’s has accelerated its rapid growth with sales racing 28% higher to £37.8m.
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NewsBrexit is a "disaster" for food & drink, claims FDF's Ian Wright
The FDF stopped short of a fully fledged campaign against Brexit
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NewsTesco to pay an extra £200k to GCA despite improvements
Tesco’s share of the levy will jump from £100,000 to £302,000
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NewsSupermarkets still tightlipped after Brexit result
Supermarkets keeping schtumm or taking stock of shock Brexit result
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NewsUsdaw calls for Marks & Spencer to discuss staff wage changes
M&S said it was consulting with its Business Involvement Group rather than Usdaw
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NewsCity snapshot: Chancellor calms markets in wake of Brexit
Chancellor George Osborne has warned that it is “inevitable” that the UK economy will have to adjust in the wake of Brexit but said there will be no immediate emergency Budget.
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NewsMedia Bites 27 June: Brexit, Ocado, Innocent, Walmart, B&M, Warburtons
Unsurprisingly, the papers are dominated by the vote for Brexit and the fallout of EU referendum as City economists warn that Brexit vote will plunge UK into a new recession.