All Finance articles – Page 369
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NewsTory victory: food and drink industry reacts to general election result
Key industry observers have been sharing their initial reactions to the result and offering predictions for the weeks and months ahead
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NewsGeneral election: analysts react as supermarkets and UK consumer stocks are bolstered by decisive result
Analysts and City commentators on the implications of Boris Johnson’s landslide victory and what the result means for consumer stocks, the pound and UK plc
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NewsFood and drink attention turns to new Brexit deadline as Conservatives sweep to victory
Industry demands end to uncertainty and smooth Brexit after Tories secure overall majority
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NewsCity snapshot: Pound surges as Conservative Party wins general election
The pound rose over 3% as the Conservative party secured a landslide victory in the election
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NewsMedia Bites 13 Dec: General Election, Sainsbury’s Bank, Ocado
Business cheers a conservative victory, Sainsbury’s receives offer for its £1.9bn mortgage book and Ocado promises “bigger and better” range under M&S
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NewsBabease blew through £11m of shareholder cash before collapse
Losses had spiralled to a combined £2.8m on the back of turnover of just £1.4m in the first nine months of 2019
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NewsGraze plunges into the red as acquisition costs bite
The UK-based healthy snacking company posted pre-tax losses of £1.2m in the year of its sale to Unilever
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NewsBread Holdings reports double-digit sales rise amid sale rumours
The artisanal bakery saw revenues soar 14% to £100.8m amid reports it could be heading for the auction block
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NewsFruit & veg wholesaler The Italian Fruit falls into administration
The company is currently seeking a buyer, but it remains unclear whether a deal will be struck
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NewsOcado Retail grows fourth quarter sales by 10.8%
Ocado Retail, the joint UK grocery venture between Ocado and Marks & Spencer, has posted growth of 10.8% in the fourth quarter driven by a double-digit jump in order volumes.
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NewsMedia Bites 12 Dec: Deliveroo, Majestic Wine, Marks & Spencer
Amazon’s estimated $500m investment in the food delivery company Deliveroo may be blocked after the competition watchdog threatened to launch a full-scale investigation.
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NewsSeedrs to relaunch accelerator programme after initial brands’ success
With the first three businesses to complete their campaigns achieving 100% funding, Seedrs described the programme as an “amazing success”
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NewsAmazon and Deliveroo given five days to address merger concerns by CMA
The companies must come up with legally binding proposals to address the Competition & Markets Authority’s concerns
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NewsCosta teams with Bol to add vegan options to lunchtime menu
The brand will launch 100% plant-based products into the coffee shop chain at the beginning of January
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Analysis & FeaturesTesco Thailand: analysts react to rumours of ‘jewel in the crown’ sale
City analysts have estimated the sale price at between £6bn and £9bn
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NewsCity snapshot: 2 Sisters turnaround continues with first quarter profit growth
Like for like profits jumped by 42.4% in 2 Sisters’ first quarter, driven by continued improvements in its core poultry division and improved trading in its biscuits and bakery businesses.
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NewsMedia Bites 11 Dec: Grocery market share, UK economy, Just Eat
The big four supermarkets have had their worst run into Christmas for 15 years, according to the latest market data
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NewsLucy’s Dressings in crowdfunding push to launch vegan and flavoured mayo range
The brand will hit Crowdcube on Monday (16 December) looking to raise a minimum of £125k
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NewsCity snapshot: Black Friday fails to boost lacklustre grocery sales
Black Friday failed to boost lacklustre sales across the grocery industry as the latest market share figures from Kantar show grocery sales growth slowing to 0.5% for the 12 weeks to 1 December. Plus, Just Eat rejects new Prosus bid, McColl’s profits below expectations, new CFO for Premier Foods and all the rest of the latest news from the City.
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NewsMedia Bites 10 Dec: Tesco, Just Eat, M&S
Tesco shares rallied on the news that the potential sale of Tesco’s multibillion-pound Asia business could lead to a bumper payout for investors.