Finance news – Page 429
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NewsBrits splash out £36.4m on gin in a week this Christmas
Supermarket sales of the spirit surged 45% as it went ahead of vodka as a festive tipple for the first time
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NewsWilliam Reed acquires Pro-Retail trademark
The publisher of The Grocer bought the trademark from P&H administrators PwC for an undisclosed sum
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NewsMedia Bites 5 January: Aldi, Nisa, Whitbread, Steinhoff, Colman's Mustard, Boots
A stellar Christmas for Aldi gets blanket coverage this morning as the discounter scored another record festive trading period. Plus, a strong Christmas for Nisa, a new chairman for Whitbread and yet more woe for Steinhoff.
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NewsCity snapshot: Food prices jump in run up to Christmas
Food inflation gathered steam in December despite supermarkets investing in price on key lines to win over shoppers during the crucial Christmas period, according to the latest figures from the BRC-Nielsen. Plus, like-for-like sales slump 6.1% at Crawshaw in December as shoppers desert value meat chain.
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NewsNisa reports Christmas sales increase of 17.7%
Nisa is set to be taken over by the Co-op after three quarters of its members voted in favour of a takeover…
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NewsColman’s historic Norwich plant set to close in 2019
The proposal follows a review by Unilever after Britvic announced last year it would cease operations at the shared site
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NewsCook Trading pre-tax profits down by 10%
According to accounts filed at Companies House this week, pre-tax profit fell 10.3% to £2.45m
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NewsFarm subsidies to continue until 2024 pledges Michael Gove
Speaking at the Oxford Farm Conference, the environment secretary promised a less bureaucratic subsidy system after that
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NewsAldi UK sales up by 15% in December as shoppers switch from 'expensive' rivals
A surge in demand for its premium range helped the discounter to a record Christmas period
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NewsCo-op 'doubled sales growth' over Christmas
It had been the group’s “best Christmas ever”, CEO Steve Murrells told colleagues in an internal memo
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NewsMedia Bites 4 January: Poundland, Co-op, Refresco/Cott, Tesco
A new £180m loan agreement for Poundland as it distances itself from embattled South African parent company Steinhoff generates plenty of coverage today. As does a strong Christmas for Co-op and the CMA’s investigation of the Refresco takeover of Cott.
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NewsCity snapshot: Record Christmas for Aldi as shoppers switch from 'expensive' rivals
A surge in demand for its premium range has helped Aldi to a record Christmas as year-on-year UK sales shot up by more than 15% during December.
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NewsPoundland shrugs off scandal to deliver successful Christmas
Discounter reported a like-for-like sales increase of 5.6% for the 12 weeks to 24 December…
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NewsPoundland owner Pepkor Europe secures new £180m loan facility
The Grocer first revealed that trade credit insurer Atradius had reduced its cover for the discount retailer in mid-December in the wake of the Steinhoff accounting scandal
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NewsPhilip Morris launches campaign for a 'smoke-free future'
Newspaper ads yesterday publicised the company’s New Year’s resolution to ‘give up cigarettes’, as part of PMI’s plans to shift smokers away from traditional cigarettes
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NewsRefresco pledges to remedy CMA concerns over Cott deal
The sticking point is both companies’ supply of juice drinks using a special aseptic production process
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NewsCraft brand Durham Distillery to expand into whisky production
The business has received £250k funding from Finance Durham to move to a new city centre site…
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NewsCity snapshot: Next’s Christmas sales rise but in-store slump points to tough retail conditions
Next has posted better than expected trading in the run-up to Christmas, but a 6.1% drop in in-store sales points to a festive trading difficulties in non-food for traditional retailers. The FTSE opens the year on the back foot as fmcg giants fall back and the rest of the latest news from the City.
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NewsMedia Bites 3 Jan: Tesco, M&S, Steinhoff, Weight Watchers
Tesco’s former UK food boss did not commit fraud but in fact helped to uncover accounting irregularities his lawyer told a court yesterday.
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NewsPrinces profits hit by cost hikes and exchange rate pressure
Pre-tax profits excluding impairment charges were £28.7m, down from £54.4m in 2016