All Finance articles – Page 265
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News
Media Bites 5 Dec: Iceland, Morrisons, Services sector
Analysts have warned Iceland could face troubles repaying its £750m debt pile and might be forced to refinance.
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City snapshot: Morrisons promotes Trevor Strain to COO role
Morrisons commercial chief Trevor Strain has been appointed as chief operating officer in a move which sees trading director Michael Gleeson become chief financial officer
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Media Bites 4 Dec: Amazon deforestation, Quorn, Argos
Companies including Tesco, Asda, Carrefour and LGIM urged the Brazilian government on Tuesday to protect the Amazon rainforest.
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Prima Cheese profits rise on reduced wastage
Gross margins rose 24% due to ‘reduced wastage and increased margin per box’
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Media Bites 3 Dec: Ocado, Christmas Dinner, Just Eat, Tariffs
Ocado’s latest bond issue sparked a share sell-off as analysts and investors were split over whether the company would have been better off relying on cash from shareholders
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City snapshot: UK retail sales pick up in November amid Brexit respite
On a total basis, adjusted for the later timing of Black Friday, sales rose 0.9% in the four weeks to 23 November
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Salcombe Distilling Co smashes fundraising target to fund US launch
The gin brand is planning to launch in the north east of the US early next year
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Value of global food M&A activity spikes in third quarter
In the third quarter the total value of food industry M&A deals rose 95% over the previous three-month period
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Appleby Westward picks up convenience store chain Denovo Retail
Southampton-based Denovo operates 15 c-stores and two forecourt sites
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Meatless Farm Co hires ex-Lidl CEO Jesper Højer as new chairman
The Dane stood down as Lidl’s CEO in April
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City snapshot: Ocado launches £500m bond offer to fund global growth
Ocado has announced the launch of a £500m corporate bond offering to help fund the global expansion of its Ocado Solutions business.
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Media Bites 2 Dec: Ocado, Black Friday/Cyber Monday, Aldi
Ocado shares soared on Friday after it made its first move into Asia by striking a deal with Japanese retailer Aeon to develop its online business
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Greencore share price recovery hits bump in the road
Greencore’s share price resurgence after its humbling exit from the US last year hit turbulence this week on a significant slowdown in growth.
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Bon Bon Buddies plunged to £6m loss to trigger rescue plan
Confectionery manufacturer Bon Bon Buddies suffered an “unprecedented” loss of £6m as it was forced to agree a rescue plan with creditors to save the business.
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Stateside Foods reports third consecutive profit drop
Annual profits at own-label chilled pizza supplier Stateside Foods have dropped for the third consecutive year as it failed to fend off a “challenging” trading environment
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Sushi sees £40m value decline as shoppers seek better value and quality
Upmarket sushi concessions are growing at the expense of pre-packed options
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Ocado signs first Asian supply partnership with Japan’s Aeon
Ocado has this morning announced it has agreed a partnership with Japanese grocery retail Aeon to launch an online grocery delivery business in the country using its Ocado Smart Platform technology.
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Media Bites 29 Nov: Fortnum & Mason, Ocado, Rémy Cointreau
Fortnum & Mason, the luxury store group that sells delicacies such as gulls’ eggs and alba truffles, has revealed a seventh consecutive year of increasing sales and profit.
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News
Halo Coffee raises £500k to fund international expansion
The maker of “the world’s first” compostable coffee capsules has raised a further £500k as it seeks to build its brand across the globe.
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Comment and Opinion
What a ‘mini-CFC’ means for the people of Somerset, M&S and Ocado’s US ambitions
Ocado’s sixth customer fulfilment centre is a little different to the previous five