City snapshot: McColl’s blames weather for third quarter sales slide

Convenience retailer McColl’s has announced a 2.2% drop in third quarter like for like sales, blaming “highly unseasonable” weather for the revenue drop. Plus, Pernod Ricard reports “strong” annual sales growth as it announces share buyback and $223m US spirits deal, PZ Cussons sells Greek food business and all the rest of the latest news from the City.