Finance news – Page 585
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NewsGrocery at the forefront of change in wake of Brexit IGD warns
IGD’s 17-page Brexit report promises to guide UK grocery businesses in wake of Brexit…
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NewsLidl: Brexit won't deter UK investment
The discounter will stick to its plans for new stores, warehouses and jobs
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NewsDid the industry, after all, 'sleepwalk into Brexit'?
The inquest begins into whether industry leaders did enough to make the case against a leave vote…
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NewsBrexit leaves Poundland potential takeover in the balance
South African retail giant Steinhoff is weighing up whether to make a bid for Poundland in the wake of Brexit.
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NewsThe City reacts to Brexit: Initial panic subsides
The FTSE 100 has fallen 3.2% today following the UK’s vote to leave the EU, wiping more than £50bn off the value of UK shares but recovering from catestrophic early falls.
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NewsFears for fresh food sector in wake of Brexit vote
Sector’s ability to harvest its 100,000 tonne annual crop “now in question”
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NewsUK votes to leave EU: the industry reacts to Brexit
The UK has voted to leave the EU by 51.9% to 48.1%, sending shockwaves through the country and around the world…
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NewsCity snapshot: Brexit vote sends grocery stocks plummeting
Grocery stocks have plunged by up to 30% so far this morning as world stock markets went into freefall and the pound tumbled to a 30-year low after Britain voted to leave the European Union.
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NewsMedia Bites 24 June: Tesco, BHS, M&S
Tesco quarter one results dominate the business pages this morning, with the supermarket attributing its second straight quarter of sales growth in part to its fresh farm food range.
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NewsSimsons Fisheries thrown a lifeline in rescue deal
Seafood supplier Simsons Fisheries has snapped up out of administration by rival business James Knight of Mayfair, saving the jobs of all the staff.
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NewsHolland & Barrett sales and profits soar
The retailer has demanded a reduction in costs of at least 5% to help fund its ambitious expansion plans
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NewsMedia Bites 23 June: Morrisons, Tesco, ABF
Morrisons has offered to rehire former employees who may lose their jobs as a result of the expected administration of My Local, the convenience store group it sold last year.
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NewsTesco first quarter like-for-like sales up 0.9% as it sells Harris + Hoole
Tesco has reported group like-for-like sales grew by 0.9% in the 13 weeks to 28 May, including its second quarter of like-for-like UK growth for the first time in more than five years.
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NewsZenith Hygiene acquires CCL Pentasol
Zenith Hygiene Group has agreed to acquire chemical manufacturer CCL Pentasol to break into new markets in the food, drink and dairy industries.
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NewsAldi and Lidl own label boom helping UK buck downward trend
Of six European countries analysed by IRI, the UK’s own label sector was the only showing growth last year
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NewsMy Local briefs staff over possible administration
Convenience chain files a Notice of Intention to Appoint Administrators
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NewsMedia Bites 22 June: My Local, Brexit, Stock Spirits, Whitbread
Convenience store chain My Local has filed notice to appoint administrators just nine months after being created from Morrison’s cast-offs; and your favourite supermarket could reveal which side will win your vote in the EU referendum.
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NewsCity snapshot: My Local on the verge of administration
My Local has reportedly filed a notice of intention to appoint KPMG as administrator, putting more than 2,000 jobs at risk in the process.
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NewsThree Crowns Confectionery secures £300k funding package
Hull-based Three Crowns Confectionery has undergone a management buy-in after securing a £300k funding package from East Yorkshire-based One Stop Business Finance.
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NewsDairy Crest CEO Mark Allen’s pay rises 45% after dairy division sale
Dairy Crest CEO Mark Allen received a pay packet worth £1.44m in the year to 31 March 2016 as his annual bonus and share awards more than doubled after the successful divestment of its UK dairy business.