Finance news – Page 381
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NewsMedia Bites 25 March: Sainsbury's/Asda, Marks & Spencer, Tesco
Sainsbury’s and Asda have said they would dispose of between 125 and 150 stores in order to help secure regulatory approval for their proposed merger
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NewsStrong Roots takes top spot from Pots & Co in Alantra Fast 50 list
The supplier of frozen plant-based burgers and sides has rocketed to £9m in annual sales
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NewsGeneral Mills shares jump after raising profit guidance
While competitors Kraft Heinz and Kellogg’s have cut profit guidance in recent months, General Mills is expecting to beat its targets
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NewsCasella and Kingsland buck wine trend to post solid sales
Casella, which owns Yellow Tail, saw UK revenues surge 17.7% in the year 30 June 2018
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NewsFormer Palmer & Harvey staff awarded compensation
Staff are now in line for a payout worth eight weeks gross pay
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NewsCity snapshot: Frozen supplier Strong Roots jumps to top of Fast 50
Challenger brand Strong Roots has surged to the top of Alantra’s Fast 50 list, amid a resurgence of the frozen food category
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NewsMedia Bites 22 March: Retail sales, Brexit, Boparan
British consumers appear to have shrugged off Brexit uncertainty in February as retail sales unexpectedly jumped during the month
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NewsFourpure to expand Bermondsey brewery for a second time
It will raise the brewer’s capacity to 66,000hl
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NewsConsumer spending growth to slow amid Brexit caution
Consumer spending growth is set to slow down as people become more cautious amid political uncertainty, according to financial services giant PwC
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NewsMedia Bites 21 March: Aldi, Price Inflation, Retail Crime
Aldi has fired its latest salvo in the battle for Britain’s food shoppers with the launch of a smaller high street brand
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NewsFinnebrogue defies Brexit fears with new EU-sourced bacon
The supplier’s Irish-sourced nitrite-free bacon would offer more choice for consumers, Finnebrogue said
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NewsAldi trials new sub-brand Local for smaller London stores
The first ‘Aldi Local’ opened last week in Balham and the name could be rolled out to four other London stores
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NewsLosses deepen at Science in Sport despite sales surge
AIM-listed sports nutrition supplier Science in Sport slipped to a £2.5m loss amid significant investment, despite surging revenues
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NewsMedia Bites 20 March: Sainsbury's/Asda, Ocado, AB Inbev
Sainsbury’s and Asda on Tuesday said they would deliver £1bn worth of lower prices within three years if they are allowed to merge
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NewsOcado sales growth dented by Andover warehouse fire
Sales jumped 11.2% at Ocado in the past 13 weeks, but its performance was dented by the fire at its Andover warehouse last month
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NewsMedia Bites 19 March: Sainsbury's/Asda, Kraft Heinz, Domino's
Sainsbury’s and Asda will provide a more specific commitment to cut prices as part of their response to the CMA’s provisional verdict
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NewsWessanen in discussions with consortium over takeover bid
The Whole Earth and Clipper tea owner has received an offer from a consortium led by French private equity giant PAI Partners
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NewsDH proposes pre-watershed ban on HFSS food and drink
The DH also said it plans to target products currently under the scope of the soft drinks tax
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NewsCity Snapshot: Justin King hired to advise Supermarket Income REIT
Former Sainsbury’s CEO Justin King has been appointed as a senior advisor to retail property group Supermarket Income REIT
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NewsMedia Bites 18 March: Brexit, Marks & Spencer, Ocado
Supermarkets are preparing to introduce rationing for online shoppers to prevent panic buying in the event of a no-deal Brexit