Finance news – Page 592
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NewsSoft drink launches helps PureCircle sales to fizz
Sugar substitute producer PureCircle is expecting increased profitability for the first half as sales grew 24% on the back of contracts with Coca-Cola and Pepsi.
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NewsFRC launches fresh probe into Tesco accounts
Accounting watchdog the Financial Reporting Council (FRC) has launched an investigation…
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NewsDigital war will overtake the price war in 2015
The digital war will “overtake the price war” in 2015, as the big four supermarkets try to avoid looking “dangerously homogenous”, retail analysts Planet Retail have predicted.
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NewsPork Farms' Kerry Foods deal faces monopoly scrutiny
Pork Farms’ acquisition of the chilled savoury and pastry (CSP) business of Irish Food giant Kerry Foods…
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NewsAldi sales growth slows down to 'only' 22%
The rampant growth of the discounters has been one of the defining stories of 2014…
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NewsFamily spending power up £11, says Asda
Family spending power is up this Christmas, following the biggest annual increase to discretionary income in almost five years, according to the Asda Income Tracker.
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NewsCrawshaw names Lidl UK's Noel Collett as CEO
Northern butchery chain Crawshaw Group has appointed former Lidl executive Noel Collett as its new CEO.
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NewsNinth Tesco employee suspended
A ninth person has been suspended as the Serious Fraud Office (SFO) investigation continues into the £263m black hole in Tesco’s accounts…
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NewsRussian troubles hit Metro's full-year figures
Christmas trading is picking up for retailing giant Metro Group after a slow start for its food and textile business in Germany, with Metro Cash and Carry and Media-Saturn showing record year-on-year growth in December.
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NewsEach of the big four supermarkets sees market share declines
The UK grocery market has returned to marginal growth as sales picked up driven by pre-Christmas price discounts, according to the latest grocery share figures from Kantar Worldpanel.
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NewsGreggs raises profit forecast thanks to new product range
Greggs has upped profit expectations for the year as customers responded to the baker’s new coffee blend and healthier sandwich range.
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NewsThomas Ridley eyes £70m in revenue following Elveden deal
Thomas Ridley Foodservice is eyeing revenue of £70m in the next five years…
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NewsWarning on spread of 'unethical' supplier payment schemes
The grocery industry has been warned that aggressive and potentially unethical financial demands…
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NewsTesco shares plummet again following 'shock' profit warning
It’s getting harder to describe a Tesco profit warning as a “shock” these days – but the fourth warning this year…
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NewsStefano Pessina to take temporary charge of Walgreens/Alliance Boots
Alliance Boots’ executive chairman, Stefano Pessina, will become acting chief executive on completion of the merger with US pharmacy giant Walgreens, it has been announced.
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NewsOcado's sales growth slows to 14.9% in fourth quarter
Growth at online supermarket Ocado has slowed in the fourth quarter with gross retail sales up 14.9% to £311.4m, compared with a 15.5% boost during the previous three months.
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NewsAfrican troubles lead to first half PZ Cussons profits drop
PZ Cussons saw a 4% drop in first half profits, driven by “challenging trading conditions” in Africa and the devaluation of the Nigerian Naira.
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NewsTesco profits warning: what the analysts say
After Tesco revealed its annual profits would be no higher than £1.4bn, we round-up who is saying what
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NewsBlack Friday helps arrest food sales decline
Grocery sales benefitted from a small boost in November as shoppers flocked to supermarkets to grab a bargain on a record-breaking Black Friday, according to the latest BRC-KPMG Retail Sales Monitor released this morning.
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NewsTesco in new profits warning as Dave Lewis promises not to cut corners in January
Tesco issued a profit warning today as CEO Dave Lewis “reset” the business to focus on service, availability and more competitive prices…