Finance news – Page 433
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NewsTate & Lyle Sugars blames 'uncompetitive' EU regulations for huge loss
Brexit backer Tate & Lyle Sugars has blamed the ‘uncompetitive’ European Union sugar regime for annual losses that have ballooned to more than £25m.
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NewsSuppliers fear CO2 disruption will last for several weeks
While one CO2 plant in County Durham came back online today, shortages could last for several weeks, suppliers have warned
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NewsLidl to create 300 jobs with five new stores across Scotland
The discounter has announced plans to recruit up to 40 new staff for each of the planned stores
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NewsTesco agrees link up with French grocery giant Carrefour
Tesco has announced plans to enter a long term “strategic alliance” with French hypermarket chain Carrefour.
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NewsMedia bites 2 July: Premier Foods, M&S, Asda/CO2
The chairman of Bird’s custard and Bisto gravy maker Premier Foods has promised to “sort out” the company’s problems as its spat with a hedge fund escalated further this weekend.
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NewsVeg-led babyfood supplier Babease seeks £850k crowdfunding
The company said it had seen 900% sales growth over the past year and hopes to triple this in 2018-19
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NewsFruit Bowl maker back in profit despite sales decline
Fruit Bowl snacks maker Stream Foods is back in the black after improving profitability, despite a drop in sales.
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NewsPoundland defies high street turmoil with positive results
This whole story of the demise of the high street is actually the demise of poor retailers, says Poundland MD Barry Willia…
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News2 Sisters profits fall 77% amid protein division restructure
The poultry giant said volume growth was more than offset by the “negative impact of beef, poultry and fish price inflation”
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NewsWhitbread blames high street woes for Costa Coffee sales fall
Whitbread said a decline in footfall in traditional shopping locations dragged Costa’s like-for-like sales back 2% in its first quarter.
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NewsPet goods supplier Petface rescued from administration
Petface appointed administrators BDO last week
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NewsOasis "dismayed" over Premier chairman's defence of CEO
The boardroom battle at Premier Foods is continuing into a second week, as second-largest investor Oasis Management described its “dismay” over comments by company chairman Keith Hamill in favour of re-electing current boss Gavin Darby.
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NewsMedia Bites 29 June: Tesco, Warburtons, Greene King
Tesco is planning the biggest revamp of its own-brand food in its 99-year history – and scrapping thousands of big name labels from its shelves
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NewsWarburtons hit by CO2 crisis as shortages spread to crumpets
Warburtons has been forced to suspend production at three of the four UK bakeries that produce its crumpets
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NewsHolland & Barrett accused of ‘tarnishing’ Groceries Code
In an interview with BBC Radio 4, Holland & Barrett CEO Peter Aldis claimed the idea of strained relations with its suppliers was “old hat”
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NewsCostcutter predicts sales growth after slashing Xmas prices
Since launching its Christmas pre-sale brochure last month, Costcutter saw an increase of over 30% in pre-sales year on year
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NewsGreene King's profits slump amid rising costs and cold winter
Annual profits slumped by 11.4% at brewer and pub company Greene King last year as it suffered from the cold British winter and rising costs.
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NewsMedia Bites 28 June: John Lewis/Waitrose, Premier Foods, Costa Coffee
John Lewis Partnership has warned that half-year profits will be “close to zero” as it prepares to invest heavily in services and technology.
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NewsCO2 crisis: Britvic reassures on fizzy drinks supplies as Booker rations beer and soft drinks
The soft drinks giant also said it was working with its CO2 suppliers to find alternative sources of gas supply
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NewsFive Waitrose stores to close as JLP issues profit warning
Four Waitrose convenience stores and one supermarket have been earmarked for closure, as tough high street conditions took their toll