Finance news – Page 418
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NewsMedia Bites 28 Sep: Sainsbury's/Asda, Bourbon, Pret
The news this morning is being dominated by the Competition and Markets Authority’s reasons for sending the £14bn merger between Sainsbury’s and Asda to a full phase 2 inquiry
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NewsOC&C report reveals highest supplier growth since 2009
Profit margins among the Top 150 are suffering amid escalating input and labour costs
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NewsCity snapshot: Growth for UK food and drink suppliers soars 7.5%
UK food and drink suppliers have surged to their highest growth levels since 2009, but profit margins are suffering amid escalating input and labour costs
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NewsWhole Foods Market UK slumps to £8.6m loss following store closures
Whole Foods Market UK slumps to £8.6m loss after store closures
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NewsCity snapshot: Gusbourne's losses grow as it invests in double-digit growth
AIM-listed English wine producer Gusbourne has posted double-digit growth in the first half of 2018, but losses grew due to investment in capacity. Plus all the rest of the latest news from the City.
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NewsMedia Bites 27 Sep: Brexit, Unilever, Amazon
Food import prices are set to rocket under a no-deal Brexit as punitive EU trade tariffs are slapped on food shipped in from abroad.
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NewsSales dive 12.5% at Laila's Fine Foods after major contract loss
The manufacturer of frozen and chilled meals had a “disappointing” year, its directors said, as margins also decreased
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NewsSeachill wins £50m Tesco prawn supply contract
The deal will see it supply cooked and raw prawn to Tesco from both coldwater and warmwater fisheries
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NewsEx-Tyrrells boss David Milner named Lily's Kitchen CEO
Founder Henrietta Morrison becomes chair and global brand director
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NewsCity snapshot: SSP Group shrugs off weak rail sector to post full-year growth
Travel food to go specialist SSP Group (SSPG) expects to post full-year like-for-like growth of between 2%-3% after a solid fourth quarter
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NewsMedia Bites 26 Sep: Unilever, Next/Brexit, Hotel Chocolat
Executives at Unilever have come out fighting in the battle to convince its shareholders to back plans for a single headquarters in the Netherlands.
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NewsCranswick reveals 450-tonne drop in plastic use
It follows the launch of a series of initiatives such as removing single-use plastic items and using lighter plastics
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NewsGreenyard to sell horticulture arm to Straco in £107m deal
Greenyard said its focus would be on strengthening its performance in its core fresh and frozen operations
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NewsSales and profits surge at Hotel Chocolat
Sales and pre-tax profits both surged at Hotel Chocolat last year as new store openings and international ventures offset cost increases.
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NewsMedia Bites 25 Sept: Tesco, Unilever, Amazon
Tesco is in line to face the biggest fine on record from the UK financial watchdog for a cyber-related fraud
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NewsRussell Hume administrators destroyed £8.5m-worth of meat stock
KPMG said the figure was likely to rise further once the FSA’s ongoing investigation into potential criminal activity at Russell Hume was completed
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NewsGilberts Foods falls into administration
The Heysham-based business appointed Cowgill Holloway Business Recovery as administrator on 4 September…
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NewsFrench supermarket Casino 'rejected Carrefour takeover approach'
French supermarket chain Casino says it rejected a potential takeover approach from hypermarket Carrefour, a claim which Carrefour denies.
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NewsMedia Bites 24 Sept: The Co-Op, Casino/Carrefour, Unilever
The Co-op is to be the first major supermarket in the UK to replace single-use plastic carrier bags
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NewsCommodity price hikes dent profits at UB and Finsbury Food
Brexit-related commodity inflation has eaten into the profits of two more major UK food suppliers, according to figures released this week.