All Finance articles – Page 21
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NewsMedia Bites 9 January: results 'super' Thursday, food prices, ‘fake’ Aldi store
All the retail headlines from Thursday 9 January
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NewsCity snapshot: Tesco and M&S celebrate a record Christmas as shoppers splash out
Tesco and Marks & Spencer have revealed strong Christmas numbers this morning as consumers splashed out on premium ranges for the big day. Plus, Christmas trading updates from Hilton Food Group, B&M Bargains and Greggs, with the latest shop price inflation data from the BRC and NielsenIQ
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NewsTesco delivers ‘biggest ever’ Christmas as shoppers splurge on Finest range
Tesco has delivered its “biggest ever” Christmas as Britain’s biggest retailer lowered festive prices and won shoppers from rivals
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NewsPromise Gluten Free owner Mayfair strikes deal for Irish brands Pat the Baker and Irish Pride
Ceres Group – the holding company for Mayfair’s consortium of baked goods businesses – agreed to take control of Azeda, the owner of Pat the Baker and Irish Pride just ahead of the Christmas break
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NewsYeo Valley’s margins squeezed in ‘fiercely competitive marketplace’
Yeo Valley acknowledged ‘the sometimes competing forces’ of paying a fair price to farmers while keeping retail prices low
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NewsLupa Foods bought by private-equity backed Geia Food
Lupa Foods specialises in supplying Italian products to UK food manufacturers
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NewsHome Bargains’ turnover and profits soar as store estate grows
The retailer opened 31 new stores in 2024 and is set to launch a ‘highy automated’ new one million sq ft distribution centre in spring
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NewsDiageo shuts Chase Distillery and shifts production to Scotland
Chase was acquired by Diageo in 2021
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NewsWilliam Jackson Foods posts £1.5m loss
The Abel & Cole owner called it ‘another challenging year’
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NewsDuerr’s chalks up record profits as inflation eases
F Duerr called it a ‘vastly improved sales and profit result’ after several difficult years
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NewsMedia Bites 8 January: Asda woes, Ocado and M&S buzz, inflation and McDonald’s
The newspapers are chiefly concerned with the supermarkets festive performance
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NewsHeavy Christmas promotions lift supermarket till roll to record highs
Supermarket sales hit a record high of £14.6bn in the three weeks leading to Christmas thanks to the highest level of promotions seen in store for three years, according to new figures released this morning
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NewsCity snapshot: Supermarket Christmas sales rally on heavy promotions
Supermarket sales rallied in the three weeks before Christmas as the mults vied to win over shoppers with heavy discounts and promotions, according to NIQ data released this morning
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NewsMeek Christmas fails to save 2024 retail trading
UK retail sales increased by just 0.7% last year after a weak final quarter, as non-food sales remained in decline despite persistent inflation
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NewsCraft brewer Magic Rock set to call in administrators
Magic Rock’s sister brewery Fourpure was placed into administration in October
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NewsTyphoo Tea creditors owed £100m with PE owner taking large hit
Typhoo Tea owed creditors close to £100m at the time of its collapse late last year, with its private equity owner taking a massive hit, new documents from administrators have revealed
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NewsMedia Bites 7 January: golden quarter sales, Aldi’s ‘best ever’ Christmas, looming inflation
Underwhelming golden quarter retail sales figures from the BRC are dominating this morning’s headlines
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NewsCity snapshot: Record Christmas for supermarkets but Asda continues to struggle
Aldi and Lidl achieved their highest-ever Christmas market share as household spending in supermarkets hit a record high this festive period, according to new data published this morning. Plus, the BRC & KPMG publish December retail sales figures and Barclays publishes consumer spending report
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NewsCompleat Food Group’s revenues near £800m amid inflation recovery
The business has set an ambition to become the UK’s leading chilled prepared food group