Latest Headlines – Page 394
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NewsSainsbury’s £500m sale and leaseback store deal scrapped
A £500m sale and leaseback transaction for 18 Sainsbury’s stores announced last week has colllapsed
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NewsUnilever begins search for new CEO as Alan Jope sets retirement date
Unilever has announced CEO Alan Jope will step down from his role at the end of 2023
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NewsSouthern Co-op to open 10 community fridges thanks to £40,000 donation
The society said it was supporting the community fridges via environmental charity Hubbub
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NewsAldi boss admits store opening programme more challenging than expected, as it misses target
The discounter was aiming to have 1,000 UK stores by 2022 but currently has only 970, with another 16 to be opened this year
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NewsCBD player Cannaray proposes merger with Cellular Goods
Cannaray is planning to list its consumer CBD brands on the London Stock Exchange through a reverse takeover of Cellular Goods
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NewsRapid grocer Getir running free milk promotion as prices soar
The company said it had “an ongoing commitment to give our customers value up and down the country”
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NewsKerry expands Pure plant-based range into vegan cheese
The brand has launched a trio of coconut oil-based cheese alternatives
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NewsNestlé expands Garden Gourmet meat-free range with four new lines
The range of NPD includes a smoked ham style slices line
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NewsTerry’s launches vegan Chocolate Orange bar
The team had aimed to make the taste ’as close as possible to the original’, using the same real orange oil
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NewsMorrisons announces price cuts across 150 popular food and drink products
Morrisons said the 150 products featured in the initiative made up nearly 6% of its total volume sales
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NewsDavid Sands switches supply deal from Nisa to Spar
The move means its four stores, including Pinkie Farm in Musselburgh, will be supplied by wholesaler CJ Lang
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NewsShareholder coalition attacks ‘imminent’ plans for HFSS backtrack
A Treasury review is said to be looking at the impact of the proposals on the cost of living crisis
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NewsCity snapshot: UK profits plunge at Aldi as investment in price hits bottom line
Aldi suffered a near 80% drop in operating profits in 2021 as sales flatlined ahead of a strong rebound in growth in 2022. Elsewhere, Alan Jope to retire from Unilever, Sainsbury’s scraps property sale, updates and Finsbury Food Group and Chapel Down and all the rest of the latest news from the City
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NewsMedia Bites 26 September: Morrisons, Pound, Christmas retail
Morrisons’ private equity owners have asked hundreds of staff to invest thousands of pounds of their own money in the business
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NewsCity News: Haleon posts strong growth in first listed results amid Zantac battle
Former GSK consumer arm Haleon posted strong double-digit growth in its first financial results as a listed company, although investors were more interested in its tough stance against its former parent over Zantac litigation. The recently spun-off consumer health group saw organic revenue growth of 11.6% in ...
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NewsMeat snacking brand The Curators enters plant-based with trio of Veggie Puffs
The HFSS-compliant snacks are made from peas and provide 10g protein per pack
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NewsBiscuits sales decline hits Pladis recovery
Revenues at Pladis have crumbled due to falling demand for biscuits in the wake of the pandemic and the impact the McVitie’s owner pushing through price increases
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NewsNestlé UK revenues approach £2bn after out-of-home rebound
The rebound in out-of -home sales and hybrid working habits helped Nestlé UK grow revenues to near £2bn last year, but mounting cost pressures suppressed profits
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NewsWilko appoints Haulfryn’s Dave Murphy to new position of finance director
He previously served for six years at Pizza Express
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NewsHealth messaging most effective at converting consumers to yoghurt category, research finds
Activia and Actimel had the strongest uplift from TV, indicating a generally good responsiveness to health-based messaging