Finance news – Page 305
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NewsConfex to make all members shareholders in major overhaul
Confex said all future profits made by head office will be shared amongst the membership according to their contributions
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NewsM&S looks to tackle price perceptions with ‘Re-Marks-able Value’ campaign
M&S is currently working on around 800 separate cost-saving initiatives
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News‘Horror autumn’ could hamper 2020 vegetable supplies, warn growers
Met Office data for October has shown some areas of the country were hit by more than double the average rainfall
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NewsProtein turnaround drives 2 Sisters profits rebound
Poultry giant 2 Sisters Food Group has posted a double-digit improvement in fourth quarter organic profits as margins in its core protein business improved.
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NewsMedia Bites 13 Nov: Premier Foods, Ocado, B&M
Shares in Premier Foods surged as a turnround took hold with sales in brands gaining momentum.
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NewsHalal baby food brand For Aisha receives ‘seven figure’ PE backing
Halal baby food manufacturer For Aisha has received a ‘major seven-figure’ private equity investment to grow the brand in the UK and internationally.
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NewsSainsbury’s agrees wholesale deal with Australian supermarket Coles
Last month Sainsbury’s also struck a deal to replace Waitrose and Iceland as the supplier for Shoprite
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NewsSupermarket growth slows as Christmas approaches
UK supermarket sales growth eased last month amid political uncertainty and wet weather ahead of the crucial Christmas trading period.
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NewsMedia Bites 12 Nov: Walgreens Boots Alliance, Greggs, Just Eat
Walgreens Boots Alliance has received an audacious, debt-laden buyout proposal from KKR that would be the biggest private equity transaction in history.
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NewsPricecheck on target to top £100m turnover this year, results reveal
The Sheffield-based operator posted a 12% increase in sales for the year to April 2019
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NewsCity snapshot: October rain leads to UK retail footfall plunge
Retail footfall suffered another steep drop in October as the autumn rain kept shoppers at bay. Plus, Greggs upgrades profit expectations on strong sales performance, Prosus publishes Just Eat offer document and all the rest of the latest news from the City.
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NewsMedia Bites 11 Nov: Sainsbury’s, 2 Sisters, Asda
Sainsbury’s has struck a deal to sell groceries in Australia in its biggest push to enter the wholesale market.
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NewsEast End Foods grew sales & profits before Exponent acquisition
Turnover at the specialist Asian food wholesaler rose 7.2% to £205.2m in the year ended 30 April 2019
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NewsCity snapshot: Hain Celestial brings former Hershey executive as CFO as sales continue to slide
Hain Celestial has brought in a new CFO as first quarter sales continued to slide
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NewsMedia Bites 8 Nov: Sainsbury’s, Big 4 prices, M&S, Tate & Lyle
Sainsbury’s CEO Mike Coupe warned that political uncertainty over Brexit was holding back spending as the supermarket’s interim profits were almost wiped out by closure costs. Sainsbury’s pre-tax profits dropped to £9m from £107m a year ago, due to £229m of exceptional costs booked as the result ...
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NewsSainsbury’s Coupe optimistic about sales momentum over Christmas
Group revenues fell 0.2% to £16.9bn in the 28 weeks to 21 September 2019
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NewsCity snapshot: Sainsbury’s sales and profits plunge despite price cuts
Sainsbury’s has fallen to a loss in its first half as the supermarket suffered from higher marketing costs, comparisons with good trading a year ago and the impact of cost savings
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NewsMedia Bites 7 Nov: M&S, John Lewis, Pizza Express, Boots, Amazon, Beavertown
Marks & Spencer food business returned to growth for the first time in over two years but troubles within the chain’s clothing unit hit profits
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NewsPlatinum Retail sees profits soar as forecourt expansion continues
A fall in oil prices towards the end of 2018 and the expansion of the estate helped improve gross margins
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NewsCity snapshot: Marks & Spencer food sales rise after two years but profits drop
Marks & Spencer reported growth in its food business but group revenues and profits were dragged down by a poor first-half performance from the clothing and home division