Finance news – Page 440
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NewsMedia Bites 7 Nov: UK retail, Whole Foods, Lidl
“Nerves on high street after shoppers rein in spending,” writes The Times (£) after more worrying data on consumer activity.
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NewsField & Flower secures £825k after trimming back valuation
Field & Flower reduced its valuation to secure the crowdfunding cash
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News2 Sisters reopens scandal-hit West Bromwich plant
Sainsbury’s said it would not be accepting stock from the West Bromwich site…
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NewsLidl UK to increase basic wage from £8.45 to £8.75 from March
The retailer said the move would make staff the highest paid supermarket employees in the UK
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NewsMedia Bites 6 November: Nisa/Co-op, M&S, Sainsbury's, BrewDog
Nisa shopkeepers are plotting to block the £143m Co-op takeover, which faces a crucial membership vote this week, according to the weekend papers. Plus, the spotlight falls on M&S and Sainsbury’s ahead of results this week.
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NewsCity snapshot: Profits expected to slide at Sainsbury's and M&S
Marks & Spencer and Sainsbury’s are both expected to reveal how tough trading conditions have weighed on their first-half profits later this week
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NewsJaffa Cakes maker Pladis appoints former KP Snacks and Kraft exec as new UK MD
Jaffa Cakes and McVitie’s Digestives maker Pladis has appointed a new boss in the UK to take over from Jon Eggleton, who is leaving the company after 14 years to “pursue new opportunities”. Nick Bunker will take up the role of managing director for the UK & Ireland region from Monday.
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NewsTotal Produce swoops again in the US with acquisition of 50% of Fresh Connection
Listed fresh produce supplier Total Produce has acquired a 50% equity stake in California-based The Fresh Connection.
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NewsThird quarter M&A dominated by scale-driven protein deals
Four key deals were led by the £1bn sell off by scandal-hit Brazilian group JBS of Northern Irish poultry processor Moy Park to US-based Pilgrim’s Pride
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NewsLucozade sales bomb after backlash over lower sugar
Sales of Lucozade Ribena Suntory’s flagship Lucozade Energy drink brand have fallen by 8.4% year on year
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NewsMedia Bites 3 November: Morrisons, Tesco, Tate & Lyle, Fever-Tree, Blue Apron
Morrisons third quarter update and a day in court for Tesco CEO Dave Lewis generate plenty of coverage in the papers today.
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NewsCity snapshot: Bakkavor pulls plug on London IPO at last minute
Bakkavor has pulled the plug on its plans to float on the London Stock Exchange, blaming current “volatility” in the IPO market
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NewsDave Lewis tells court of his 'shock' when told of Tesco profit black hole
Lewis said he became aware of the issue on 19 September 2014 having joined the company on 1 September as its new CEO
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NewsRefresco tipped to get CMA green light for Cott deal
The CMA has launched a phase one investigation of the Refresco merger with Cott…
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NewsCarlsberg drinks to cost cutting as it raises profits forecasts
The Danish brewer said in a third quarter trading update that its ‘Funding the Journey’ programme was progressing well and total benefits would be about DKK 2bn (£236m).
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NewsKraft Heinz logs first sales rise in more than two years but challenges remain
Kraft Heinz increased sales for the first time since the $100bn merger to create US food giant in 2015.
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NewsHarrogate thirsty to boost retail listings as sales rise 21%
Harrogate Water Brands is eyeing more supermarket listings after posting another year of stellar annual sales…
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NewsMorrisons pledges price freeze on 100 key Christmas lines
Pledge comes as Morrisons reported a 2.5% like-for-like sales increase in the third quarter of this year
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NewsDunnet Bay Distillers readies raft of craft spirits after £300k investment
The Rock Rose Gin maker will launch a new Winter Edition of its flagship line this month…
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NewsMedia Bites 2 November: Waitrose, Sainsbury's, Iceland, recipe boxes
The media spotlight shines on the Waitrose Food and Drink Report 2017 and finds big supermarket trollies are on the decline as Britons ditch the weekly shop, while vegetarian prepared meals, juniper berries and Sicilian wine are on the rise.