Finance news – Page 120
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NewsWaitrose pulls out of talks to invest in Planet Organic
The supermarket chain ended talks last week over an investment of millions of pounds in return for a sizeable stake in the rival grocer
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NewsBoots posts double-digit growth after strong Christmas sales
Pharmacy chain Boots has posted double-digit growth in its second quarter, driven by strong Christmas trading and beauty sales
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NewsOcado Retail sales edge up on pricing and increased customer numbers
The online retailer’s first quarter revenues were up 3.4% year on year to £584m
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NewsDiageo names Debra Crew as new CEO as Ivan Menezes steps down
Menezes has decided to retire on 30 June 2023 after 10 years running the spirits giant, to be replaced by current COO Crew
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NewsCity snapshot: Grocery price inflation hits new high of 17.5%
Grocery price inflation reached a new high of 17.5% over the four weeks to 19 March, costing households an additional £837 on their annual supermarket bills. Plus, Diageo names new CEO, Ocado Retail sales edge up in first quarter, AG Barr posts strong annual growth amid margin compression and all the rest of the latest news from the City
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NewsMedia Bites 28 March: Inflation, John Lewis, Gopuff
The latest shop prices index from the BRC makes headlines this morning as food prices continue to rise
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NewsEndless acquires Smithfield Murray to combine with Yorkshire Premier Meat
Smithfield Murray has been snapped up by Endless to bring the poultry processor together with the private equity firm’s other protein business, Yorkshire Premier Meat.
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NewsMedia Bites 27 March: John Lewis, Asda, Boots, Ocado
It would be a tragedy if John Lewis were to change is staff-ownership model, a former boss of the retailer has said
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NewsCity snapshot: Former John Lewis boss urges rethink to potential sell-off
A former boss of John Lewis has said it would be a “tragedy” if the retailer changed its partnership model.
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NewsCity News: Shares recovery at Fever-Tree on investor optimism for 2023
Fever-Tree shares are 35% down year on year and more than 55% down since the start of 2022 Fever-Tree shares jumped this week, despite a heavy fall in annual profits. Investors breathed a collective sigh of relief on assurances its profits this year would be in line ...
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NewsUnrooted secures £1.1m to help boost UK distribution
The baobab-infused drinks supplier has raised £1.1m through backing from a variety of family offices and individual investors.
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NewsMedia Bites 24 March: Inflation, Fortnum & Mason
It is a very quiet morning in the papers in terms of grocery news.
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NewsPark Cakes looks at sale options as it seeks fresh funding
The group, which makes the Colin the Caterpillar cake for Marks & Spencer, is working with advisory firms Teneo and A&M to explore its options, The Grocer has learned.
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NewsFormer Tree of Life staff win backing for new healthy food wholesaler
An Irish investment group is backing a group of former Tree of Life employees to establish a new healthy food wholesaler in the UK
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NewsCity snapshot: Retail sales return to pre-Covid levels as consumer confidence edges up
Retail sales have jumped by more than expected in February despite the inflationary challenges facing consumers, according to new data published this morning. Plus, consumer confidence also rises in March
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NewsCity snapshot: C&C Group profits rise despite ‘challenging trading backdrop’
Drinks supplier C&C Group has announced its full year profits will be in line with revised expectations and it will recommence dividend payments despite a ‘challenging trading backdrop’
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NewsMedia Bites 23 March: John Lewis, Fever-Tree, inflation
John Lewis keeps making headlines amid reports of its plan to sell a minority stake.
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NewsSalad shortages fuels surprise jump in inflation as food prices soar 18%
Food price inflation has hit a 45-year high of 18% amid shortages of fruit and vegetables, according to the latest data out this morning
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NewsMedia Bites 22 March: Just Eat, Tesco/Clubcard, John Lewis
Just Eat Takeaway will stop employing its own workers in the UK, as it reverses a high-profile effort to reduce reliance on the gig economy
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NewsCity snapshot: Fever-Tree profits hit by soaring inflation as UK sales fall
Profits have declined at Fever-Tree as inflationary pressures squeezed margins and sales in the UK market shrank as consumers cut back spending to cope with the cost-of-living crisis. Plus, surprise jump in UK inflation as veg shortages push food prices 18% higher.