All Finance articles – Page 349
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Comment and OpinionJack’s is here – and its pricing strategy is somehow still unclear
Jack’s has been in the works for more than three years but there was last-minute feel about the big reveal, writes The Grocer’s chief reporter
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Analysis and FeaturesFirst look: Inside Tesco's new discount chain Jack's, Chatteris
The new chain is designed to ”bring customers great-tasting food at the lowest possible prices” and promises ”no fancy fixtures or fittings, and no added extras”
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NewsTesco unveils new discount grocery chain Jack’s
The chain, named after Tesco founder Jack Cohen, will carry roughly 2,600 product lines and focus on British sourcing
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NewsCity snapshot: CMA launches in-depth probe in Sainsbury's-Asda merger
The Competition and Markets Authority (CMA) has referred the proposed merger between Sainsbury’s and Asda for an in depth review, Swiss private label chocolate giant Barry Callebaut has acquired chocolate manufacturing facilities from Burton’s Biscuits and the rest of the news from the City.
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NewsMedia Bites 19 Sept: Tesco, Sainsbury's/Asda, Starbucks
Tesco will unveil its discount chain Jack’s today as the major supermarkets continue to lose market share to Lidl and Aldi
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NewsOcado third quarter sales rise 11.5%
Ocado has posted an 11.5% retail sales rise in its third quarter, driven by a double-digit rise in customer numbers.
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NewsMartin Race to be replaced by Dawood Pervez as MD of Bestway
Bestway leadership changes effective 30 November
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NewsPatrick Müller confirmed as Müller Milk & Ingredients MD
The Swiss, who is also CEO of Müller’s Milk & More doorstep delivery service, replaces Andrew McInnes in the role
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NewsGlow of summer grocery sales boom begins to fade
The hot weather triggered a bumper summer for the grocers, but the latest market share data suggests spending has slowed in more recent weeks.
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NewsMedia Bites 18 Sep: Unilever, Coca-Cola, Finsbury Food Group
Another leading shareholder in Unilever has hit out at the consumer group’s plan to move its headquarters to the Netherlands.
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NewsGrain D’or closure hits profits at Finsbury Food Group
Bakery business Finsbury Food Group has reported a 65% drop in full year pre-tax profits as it was impacted by £12m in costs caused by the closure of its Grain D’or bakery business.
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Comment and OpinionScared of robots? Relax, automation will create jobs
Companies have little choice but to embrace AI and automation to stay ahead
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NewsPoundstretcher fuels expansion with former Poundworld sites
The discounter had been bidding to buy 200 Poundworld stores before the chain went into administration but couldn’t agree terms
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NewsMotor Fuel Group's MRH takeover edges closer
A merger between the two would create a forecourt operator with about 930 sites before disposals
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NewsCity snapshot: Cathedral City and Clover drive first half sales growth at Dairy Crest
Cathedral City manufacturer Dairy Crest expects a rise in profits and sales for the first half of 2018, driven by its cheese and spreads, Finsbury Food Group pre-tax profit fall following Grain D’or closure, and all the rest of the latest news from the City.
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NewsMedia Bites 17 Sept: Tesco, The Co-op, Unilever
Tesco is planning to shut a raft of City centre stores and convert dozens of others to Jack’s, its new discount format, in a move that will put thousands of jobs at risk
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Analysis and FeaturesMorrisons' shares slide despite quarterly sales jump
Morrisons posted its best sales quarter for nine years and announced a special dividend gift to investors, but the hard-to-please City still sent the supermarket’s shares into the red.
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NewsCo-op food sales boosted by more competitive prices
Food retail like-for-like sales were up 4.4% in the first six months of the year
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NewsNespresso drives up Nestlé UK sales as petfood struggles
Nestlé posted a 3.6% rise in UK sales last year, with its Nespresso brand posting double-digit growth, but profits fell back as its key petfood division struggled.
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NewsFood suppliers start stockpiling amid fears of no-deal Brexit
Major food and drink companies have begun stockpiling supplies and exploring alternative manufacturing options in Europe