Finance news – Page 316
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NewsWaitrose pulls out of online deal with Today Development Partners
TDP and Waitrose.com had planned to work together to develop three automated customer fulfilment centres
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NewsCity snapshot: Morrisons first half profits rise 5.3% despite first quarterly sales dip since 2016
Morrisons has posted a 5.3% rise in first half pre-tax profits despite recording a second quarter sales fall of 1.9%. Plus, The John Lewis Partnership has posted a £25.9m loss in the first six months of the year, British American Tobacco has announced it is to cut 2,300 jobs globally and all the rest of the latest news from the City.
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NewsMedia Bites 12 Sep: Yellowhammer/Brexit, Trump/vaping, AB InBev
Supplies of some fresh food will decrease and supermarket prices may also rise, according to secret documents the government was forced by MPs to publish.
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NewsGovernment plans for ‘all-in’ deposit return scheme branded ‘total nightmare’
Yesterday (10 September) the Scottish government published draft legislation for a national rollout from 1 April 2021
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NewsHalo Top sold to US ice cream giant Wells Enterprises
The Eden Creamery ice cream brand was snapped up for an undisclosed amount, with the deal expected to complete this month
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News3D printed vegan meat a step closer after startup wins $6m investment
Israel-based Redefine Meat aims to create industrial-level 3D printing machines for use across the food sector
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NewsCity snapshot: UK shop closures surge to record levels
Heightened restructuring activity has seen the half-year net reduction in stores on Britain’s high streets hit record levels according to research by the Local Data Company and PwC.
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NewsMedia Bites 11 Sep: Shop Closures, Allan Leighton, Hilton Food Group
Figures from PwC and the Local Data Company show the number of shop closures has reached a record high.
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NewsStrong Roots secures £15m investment to fund US expansion
The supplier of frozen plant-based burgers and sides plans to use the cash to accelerate household penetration in the UK and its native Irish market, as well as continuing its push into the US
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NewsHilton Food Group posts double-digit first half profits rise
Hilton Food Group has reported a 10.6% jump in first half pre-tax profits, boosted by growth in UK meat and its Seachill seafood business.
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NewsMedia Bites 10 Sep: Duty free shopping, no-deal Brexit, ABF
The booze cruise could be poised to make a comeback if the UK crashes out of the European Union.
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NewsSnaffling Pig to seek cash for wider pork market expansion
Ahead of launching publicly, the campaign had already secured 60% of its target from 327 private investors
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NewsAsda Altrincham site sold for £22m in ‘signal of confidence in supermarket property’
Avison Young, who advised on the deal for buyer Greater Manchester Pension Fund, described the site as a “defence stock”
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NewsKellogg’s lines up UK launch for Incogmeato plant-based brand
The soy-based products were unveiled last week in the US
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NewsSugar woes dampen ABF’s grocery and Primark growth
Associated British Foods has issued a pre-close trading update, forecasting that earnings will be in line with last year as profit growth in its grocery and Primark businesses was offset by the continued struggles of AB Sugar.
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NewsMedia Bites 9 Sep: Morrisons, John Lewis/Waitrose, Sainsbury’s
Morrisons is set to reveal a dip in sales as supermarkets continue to grapple with the challenge posed by Aldi and Lidl while drawing up plans for a no-deal Brexit.
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NewsRetail footfall drops amid continued Brexit uncertainty
Retail footfall continued its downward trend in August amid weakening consumer confidence and Brexit uncertainty
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NewsSpirits maker Asterley Bros seeks funding for NPD and retail expansion
Asterley Bros has launched a crowdfunding campaign to secure investment to boost capacity, develop new products and launch into retail
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NewsGreencore acquisition and trading momentum impresses City
After its humbling retreat from the US earlier this year, the City is looking more favourably on Greencore again, encouraged by strategic acquisitions and improved trading momentum.
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NewsHesper Farm secures investment to pursue national listings
The Yorkshire-based business launched what it claimed to be the first Icelandic-style skyr yoghurt made in the UK from British milk in 2015