All Finance articles – Page 299
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NewsFood and grocery sales to rise 12% by 2024, predicts IGD
Discounters predicted to make up £4 in every £10 growth over the next five years
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NewsOcado sells beauty retailer Fabled to Next as focus shifts to M&S deal
Ocado has sold beauty and wellbeing retailer Fabled to FTSE 100 fashion firm Next, as the online grocer plans to shift its focus to the joint venture inked with Marks & Spencer.
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NewsTesco to repurpose excess store space to expand in-store picking
Lewis also confirmed Tesco was considering the idea of launching standalone Finest convenience stores
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NewsBell Food warns on profits as China's swine fever drives up pork prices
Switzerland’s Bell Food Group warned of a 9.4% earnings reduction in the first half of its financial year, due to a “massive” jump in pork prices linked to the outbreak of the African swine fever in China.
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NewsCity snapshot: Coca-Cola HBC completes Bambi confectionery deal
Coca-Cola HBC has completed its acquisition of Bambi, Serbia’s leading confectionery brand. Plus, Whitbread begins to return cash to shareholders following the sale of Costa Coffee to Coca-Cola, Steinhoff cuts annual losses in delayed accounts and all the rest of the latest news from the City.
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NewsMedia Bites 19 June: Tesco, John Lewis, Sainsbury’s
Tesco is mulling the launch of “Finest” upmarket convenience stores to compete with Marks and Spencer’s Simply Food stores.
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NewsAllied Bakeries to cease production at Cardiff site
The cost-cutting move will see the Kingsmill site operate as a logistics centre only
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NewsCatering butcher Nigel Fredericks ceases trading
Catering butcher Nigel Fredericks has ceased trading nine months after it was taken over by three former directors of Russell Hume.
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NewsMordue Brewery closes its doors after failing to find a buyer
North East-based craft brewer Mordue Brewery has collapsed into administration after failing to secure a buyer for the 24-year-old business.
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NewsZero-waste online supermarket Good Club raises £400k
Direct-to-consumer grocer Good Club has successfully raised £400k to underpin its ambition to become “the world’s first zero-waste online supermarket”.
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NewsCity snapshot: Brexit stockpiling to hit future UK economic growth
The British Chambers of Commerce has released its latest economic forecast, upgrading its growth expectations for the UK in 2019 but downgraded forecasts in 2020 and 2021. Plus, Tesco hosts capital markets day and all the rest of the latest news from the City.
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NewsMedia Bites 18 June: Alibaba, Black Sheep Coffee, Beyond Meat
Alibaba will hive off its fresh groceries business, Freshippo – known as Hema in Chinese – into a stand-alone business as part of a shake-up of its business units and top executives
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NewsBlack Sheep Coffee raises £13m to fund global expansion push
Independent coffee chain Black Sheep Coffee has raised £13m new funds from private investors to back its global expansion across Europe, Asia and the US.
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NewsBusiness rates reform bill ‘not drastic enough’ warn experts
A number of Conservative leadership hopefuls have pledged to scrap business rates for high street SMEs
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NewsSuperdrug profits slide amid ‘challenging’ conditions
Warm summer weather and growing sales of vegan goods drove a rise in annual revenues at health and beauty chain Superdrug last year, but profits fell back amid “challenging times” on the high street.
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NewsMedia Bites 17 June: Patisserie Valerie, Retail CVAs, Brexit
Patisserie Valerie’s new owner has laid bare the desperate state of the business it bought in January.
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NewsCharlie Bigham’s sales jump but profits slip into the red
Upmarket ready meals supplier Charlie Bigham’s has posted a £9.3m jump in annual sales in its most recent financial year, but investment in growing capacity sent the company into the red.
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Analysis and FeaturesCity uncertain over Tesco’s ‘strong’ start to 2019
Tesco CEO Dave Lewis declared the retailer had a “strong” start to the year, but weakening sales growth left some in the City wondering if its resurgence was beginning to slow.
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NewsMeat alternatives to dominate global market by 2040, claims report
It suggests just 40% of the meat sector will be made up of conventional meat products by 2040
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NewsMidcounties Co-op eyes 80 new convenience store openings
The society currently operates 160 c-stores and has so far opened eight new stores this year