All Finance articles – Page 269
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News
Media Bites 15 Nov: Walmart/Asda, Retail Sales, PureCircle
US supermarket chain Walmart upped its annual profits forecast on the back of higher quarterly sales, while it claimed Asda’s performance was held back by Brexit uncertainty
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News
The Saucy Affair slashes fundraising target as it relaunches crowdfunding campaign
The company was originally looking to raise £350k, but has reduced its target to £150k
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Nimble turns to the crowd to fund Sainsbury’s listing
The company is looking to raise £100k on Crowdcube in exchange for a 4.4% stake – valuing the business at £2.2m
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News
Asda blames Brexit nerves as Q3 sales fall 0.5% year on year
CEO Roger Burnley said the figures showed there was “no respite” from the impact of the political crisis on the grocery market
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News
City snapshot: Refresco pushes further into the US with AZPACK acquisition
Bottling giant Refresco has expanded its footprint in North America with the acquisition of AZPACK (Arizona Production & Packaging) as it continues its acquisition spree. Plus, shopping tech firm Eagle Eye continues to grow sales, new non-exec at McBride and all the rest of the latest news from the City.
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News
Media Bites 14 Nov: Unilever, Just Eat/Takeaway.com, Coca-Cola HBC
Unilever’s chairman Dr Marijn Dekkers has stepped down a year after he U-turned on a decision to axe the company’s London headquarters in favour of Rotterdam.
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Comment and Opinion
Five reasons why M&S’s food turnaround is working
The figures show M&S’s food business is doing something right. What is it?
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News
Confex to make all members shareholders in major overhaul
Confex said all future profits made by head office will be shared amongst the membership according to their contributions
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News
M&S looks to tackle price perceptions with ‘Re-Marks-able Value’ campaign
M&S is currently working on around 800 separate cost-saving initiatives
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‘Horror autumn’ could hamper 2020 vegetable supplies, warn growers
Met Office data for October has shown some areas of the country were hit by more than double the average rainfall
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News
Protein turnaround drives 2 Sisters profits rebound
Poultry giant 2 Sisters Food Group has posted a double-digit improvement in fourth quarter organic profits as margins in its core protein business improved.
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Media Bites 13 Nov: Premier Foods, Ocado, B&M
Shares in Premier Foods surged as a turnround took hold with sales in brands gaining momentum.
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News
Halal baby food brand For Aisha receives ‘seven figure’ PE backing
Halal baby food manufacturer For Aisha has received a ‘major seven-figure’ private equity investment to grow the brand in the UK and internationally.
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Comment and Opinion
The golden quarter is here, but shoppers aren’t ready to splurge
New grocery market share data suggests this Christmas period will be tougher than most
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News
Sainsbury’s agrees wholesale deal with Australian supermarket Coles
Last month Sainsbury’s also struck a deal to replace Waitrose and Iceland as the supplier for Shoprite
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Supermarket growth slows as Christmas approaches
UK supermarket sales growth eased last month amid political uncertainty and wet weather ahead of the crucial Christmas trading period.
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News
Media Bites 12 Nov: Walgreens Boots Alliance, Greggs, Just Eat
Walgreens Boots Alliance has received an audacious, debt-laden buyout proposal from KKR that would be the biggest private equity transaction in history.
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Comment and Opinion
What Q3 results tell us about the state of consumer staples companies
Premium categories are continuing to drive most of the growth in the sector, says Barclays’ Warren Ackerman
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News
Pricecheck on target to top £100m turnover this year, results reveal
The Sheffield-based operator posted a 12% increase in sales for the year to April 2019
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News
City snapshot: October rain leads to UK retail footfall plunge
Retail footfall suffered another steep drop in October as the autumn rain kept shoppers at bay. Plus, Greggs upgrades profit expectations on strong sales performance, Prosus publishes Just Eat offer document and all the rest of the latest news from the City.