latest – Page 124
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NewsTyphoo tea sales fall as Brexit brews up further trouble for tea brand
Typhoo is the latest casualty in the tea category as falling retail prices, heavy supermarket promotions and flagging demand in the everyday black tea market led to a more than 9% fall in annual sales.
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NewsCheddar takes £60m hit as rationalisation affects brands
Brands bore the brunt of these losses as retailers took an axe to ranges
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NewsNorth America boosts annual results for Compass Group
FTSE 100 catering giant Compass Group has reported to 5% boost to annual organic revenues. Plus all the rest of today’s news from the City …
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NewsCity News: Majestic shares rise as dividend returns
Majestic Wine insisted this week its turnaround plans remain firmly on track despite plunging to a first-half £4.4m loss
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NewsOne Stop franchise arm makes £2m trading loss in year two
The franchise business continues to be impacted by set-up costs, though the loss had shrunk from the previous year’s £3m
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NewsMajestic Wine recovery on track despite plunging into the red
Majestic Wine insisted its turnaround strategy is working despite swinging to a loss in the first half, with the wine retailer at the “tipping point” of transforming growing sales into profits.
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NewsWalmart warns Asda turnaround ‘will take time’ as like for likes fall 5.8%
Walmart stressed it remained confident in the management team and said progress had already been made
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NewsCity Snapshot: Majestic Wine insists sales growth will boost profits after first half loss
Majestic Wine has posted a £4.4m first-half loss after weak commercial performance and the failure of a US marketing campaign despite sales growth of 13%.
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NewsPremier Foods looks to home advantage to battle price rises
CEO Gavin Darby said the Mr Kipling and Bisto maker was a different proposition to its multinational rivals thanks to 95% of its range being manufactured in the UK.
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NewsB&M Bargains profits from rapid store expansion but prices to rise
B&M Bargains warns prices in store are likely to rise in 2017 because of the slump in the value of sterling as sourcing from China gets more expensive.
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NewsDiscounter growth falls to lowest level for five years
Growth at Aldi and Lidl has slowed to the lowest level since the end of 2011 as Tesco and Morrisons have started to make steady recoveries, according to Nielsen retail performance data.
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NewsGreencore swoops for $750m Peacock to "transform" US business
Greencore has announced the US$747.5m (£594.3m) acquisition of US convenience food supplier Peacock to “transform” its business in North America.
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NewsSainsbury's shares slump again as it reports 10% profit drop
Sainsbury’s remained behind its listed rivals this week
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NewsKitwave sales boom thanks to acquisition drive
Sales at Kitwave Wholesale have more than doubled thanks to its ambitious buy-and-build strategy.
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NewsCoca-Cola European Partners appoints new CEO as bottler returns to growth
European bottling giant Coca-Cola European Partners has grown sales as the classic Coke brand returned to growth. It comes as the group appoints a new CEO.
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NewsCity snapshot: Sainsbury's Coupe sees "good progress" despite sales and profits drop
Sainsbury’s CEO Mike Coupe has insisted the supermarket is making “good progress in challenging conditions”
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NewsAssociated British Foods prices to rise as pound drives up costs
Associated British Foods is weighing up price rises for its basket of grocery products to ease the pressures of rising costs.
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NewsBooths sales fall 0.7% in wake of Storm Desmond
Booths says it would have recorded sales up 0.7% had it not been for devastating storm last winter
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NewsMarks & Spencer bets big on food: what the analysts say
Retailer set to close 60 clothing and home stores and focus on food in business turnaround
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NewsFever-Tree upgrades profit expectations
Drinks mixer producer Fever-Tree (FEVR) has upgraded its profits expectations for the year, sending its shares up 10% this morning ..