All Finance articles – Page 338
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NewsCity 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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NewsMedia 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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NewsMorrisons 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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NewsDanone 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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NewsMedia 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 & OpinionGrocery 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 & OpinionPost-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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NewsTesco 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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NewsCity 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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NewsMedia 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.
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NewsDiageo ditches all plastic from its beer packaging
Cardboard packs roll out in Ireland from August 2019 and other markets from 2020
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NewsWarmer weather helps March retail footfall
Retail footfall increased 1.4% in March, according to the BRC-Springboard footfall and vacancies monitor, as warmer spring weather helped boost shopper numbers after a poor 2018.
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NewsMedia Bites 15 April: Tesco, BrewDog, Unilever
Tesco is experimenting with giving its Clubcard holders lower prices at the till, as chief executive Dave Lewis steps up plans to create an Amazon-like loyalty scheme.
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Analysis & FeaturesTesco shares rise as Dave Lewis reawakens retail giant
Tesco CEO Dave Lewis is well on the way to reawakening the power of the once dominant retail behemoth as the supermarket exceeded lofty financial expectations this week.
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NewsBidfood owner BFS Group suffers £14.8m loss driven by logistics weakness
Bidfood owner BFS Group slumped to a headline loss of £14.8m in its most recent financial year due to heavy losses outside its core foodservice business.
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NewsFruit-infused beer brand Jubel sells minority stake to C&C
The deal will provide the Cornish startup with more routes to market
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NewsHeather Mills' VBites invests in vegan choc pot brand Onist
The supplier is one of the first to link up with the VBites Venture accelerator programme
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NewsFiddes Payne losses deepen after international sales decline
Revenues at the Cake Angels owner dropped 2% to £14.3m in the year to 30 June 2018
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NewsBrexit uncertainty slows UK exports of barley
It comes as Theresa May secured a Brexit extension of 31 October from the EU
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NewsCity Snapshot: C&C Group acquires stake in fruit beer brand Jubel
Magners owner C&C Group has acquired a minority stake in fruit-infused craft beer brand Jubel, Online grocery sales jumped 9% in 2018 according to new research and the rest of the new from the City