All articles by Ed Devlin – Page 189
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NewsMedia Bites 27 June: Brexit, Ocado, Innocent, Walmart, B&M, Warburtons
Unsurprisingly, the papers are dominated by the vote for Brexit and the fallout of EU referendum as City economists warn that Brexit vote will plunge UK into a new recession.
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NewsBrexit leaves Poundland potential takeover in the balance
South African retail giant Steinhoff is weighing up whether to make a bid for Poundland in the wake of Brexit.
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NewsCity snapshot: Brexit vote sends grocery stocks plummeting
Grocery stocks have plunged by up to 30% so far this morning as world stock markets went into freefall and the pound tumbled to a 30-year low after Britain voted to leave the European Union.
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NewsMedia Bites 24 June: Tesco, BHS, M&S
Tesco quarter one results dominate the business pages this morning, with the supermarket attributing its second straight quarter of sales growth in part to its fresh farm food range.
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NewsSimsons Fisheries thrown a lifeline in rescue deal
Seafood supplier Simsons Fisheries has snapped up out of administration by rival business James Knight of Mayfair, saving the jobs of all the staff.
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NewsHolland & Barrett sales and profits soar
The retailer has demanded a reduction in costs of at least 5% to help fund its ambitious expansion plans
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NewsZenith Hygiene acquires CCL Pentasol
Zenith Hygiene Group has agreed to acquire chemical manufacturer CCL Pentasol to break into new markets in the food, drink and dairy industries.
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NewsMedia Bites 22 June: My Local, Brexit, Stock Spirits, Whitbread
Convenience store chain My Local has filed notice to appoint administrators just nine months after being created from Morrison’s cast-offs; and your favourite supermarket could reveal which side will win your vote in the EU referendum.
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NewsCity snapshot: My Local on the verge of administration
My Local has reportedly filed a notice of intention to appoint KPMG as administrator, putting more than 2,000 jobs at risk in the process.
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NewsExporters on alert in build-up to Brexit vote
Food and drink exporters have expressed grave concerns about the impact a Brexit would have on overseas business
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NewsTesco sells Dobbies for £217m in cash
Sale comes a week after the supermarket agreed to offload the Giraffe restaurant chain to Ranjit Boparan
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NewsPoundland shares rocket as Steinhoff mulls takeover bid
Steinhoff is back shopping for a European retailer after it announced it was mulling a takeover bid for Poundland
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NewsMedia Bites 17 June: Poundland, Unilever, high street, US sugar tax
Poundland profits crash amid interest from Steinhoff; Unilever warns its staff that Brexit could harm the business; shoppers shrugged off Brexit fears in May as high street sales beat forecasts; and Philadelphia becomes the first large US city to introduce a sugar tax on fizzy drinks.
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NewsMedia Bites 16 June: Poundland, BHS
The papers are dominated this morning by the appearance of Sir Philip Green before MPs answering questions on the BHS collapse, but Steinhoff’s approach for Poundland also gets a look in.
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NewsCity snapshot: Poundland profits tumble as Steinhoff gets set to pounce
Pre-tax profits slumped 84% at Poundland last year as the problems surrounding the acquisition of 99p Stores took their toll
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NewsGlendale Foods rises from the flames to hit record heights
Glendale Foods has increased sales more than 40% to record levels after it fully restored the factory following a “devastating” fire in 2012.
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NewsMedia Bites 14 June: Asda, BHS
The end of Andy Clarke’s six-year reign at Asda gains plenty of column inches across the papers
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NewsOcado shares plummet on Amazon Fresh fears
The online grocer’s share price have plunged 6.6% this morning to 209.5p
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NewsBath Ales falls to a loss despite frothy sales
Bath Ales has fallen into the red despite revenues increasing 7% to £15.6m, with strong demand for bottles of its flagship Gem amber ale at the supermarkets helping fuel growth.