All Finance articles – Page 310
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News
Ocado begins deliveries from new temporary warehouse in Andover
Previously Ocado had been relying on its other three CFCs, in Erith, Hatfield and Dordon
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News
British Land sells 12 Sainsbury's superstores to reduce retail exposure
British Land has agreed to sell 12 superstores from its joint venture with Sainsbury’s for £429m to Realty Income Corporation as part of its strategy to reduce its exposure to retail.
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News
Media Bites 23 April: Kraft Heinz, Easter footfall, Casino
Anheuser-Busch InBev executive Miguel Patricio will replace Bernardo Hees at the beginning of July as chief executive of Kraft Heinz
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News
UK fish and dairy exporters brace for US tariff impact
Products set to be hit by US tariffs include cheese, butter and fresh fish
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News
Nestlé beats first quarter sales expecations on strong US and Brazilian growth
Consumer giant Nestlé posted first quarter organic growth ahead of expectations after a strong performance in the US and Brazil.
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Pricecheck secures £14m funds to boost stock volumes
The Sheffield-based business said it would use the funds to improve its offering in skincare, fine fragrance and alcohol
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News
Grown Up Chocolate Company enters administration
The Essex-based supplier appointed administrator Leonard Curtis on 11 April
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News
Typhoo falls to £20m loss as tea and operating costs soar
The tea supplier suffered from a sharp rise in the cost of key raw materials
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News
Oddbins in rescue talks as scale of collapse is revealed
Oddbins blamed its collapse largely on Brexit when news of its turmoil hit headlines earlier this year
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News
Brexit supplier stockpilers 'in limbo' after delay
Suppliers face having to decide whether to run down stockpiles in the face of the six-month delay
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News
City snapshot: Unilever’s first quarter sales beat expectations
Unilever has topped City expectations with underlying sales growth of 3.1% in the first three months of the year. Plus, Nestlé posts first quarter organic growth ahead of forecasts this morning and all the rest of the latest news from the City.
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News
Media Bites 18 April: M&S, PepsiCo, Danone
Marks & Spencer has slashed prices on almost 500 of its most popular food items as it scrambles to win back customers and arrest its declining sales.
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News
Morrisons given permission to appeal data breach case ruling
The case relates to a security breach in 2014 involving the leaked payroll data of nearly 100,000 employees
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News
Danone first quarter sales edge up 0.8% amid volumes slide
French dairy giant Danone has posted a 0.8% like for like sales growth in the first three months of the year as performance was hampered by tough comparatives, a consumer boycott in Morocco and weaker sales volumes.
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Media Bites 17 April: Asda, Morrisons, Johnson & Johnson
Asda has been accused of planning to cut the pay of 3,000 supermarket staff, under proposed changes to employee contracts that will end paid breaks (The Guardian). Britain’s second biggest supermarket chain Asda has been accused of trying to disguise a pay cut for thousands of staff, ...
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Comment and Opinion
Grocery sector needs to slice and sell assets to be fit for the future
Companies are reassessing assets more frequently, says David Murray, consumer products and retail transactions leader at EY
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Comment and Opinion
Post-Brexit trading future for UK food & drink is looking bleak
MPs will enjoy their Easter holidays having made no progress on Brexit
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News
Tesco confirms discount promotion trial for Clubcard users
CEO Dave Lewis admitted last week the retailer was planning an overhaul of its loyalty offer
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City snapshot: Card Factory profits hit by mounting costs
Greeting cards and gifts chain Card Factory has posted flat like for like annual sales despite a “tough consumer environment” but saw profits hit by rising costs. Plus, all the rest of the latest news from the City.
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News
Media Bites 16 April: Sainsbury's/Asda, Brexit, Greggs
Sainsbury is set for a major shake-up under new chairman Martin Scicluna if its £14bn merger with Asda is blocked, analysts have warned.