Finance news – Page 445
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NewsLuxury cereal start-up Spoon seeks £250k investment from the crowd
The business, founded in 2013, is currently experiencing 100% like-for-like sales growth
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NewsSainsbury’s shares surge on Asda deal confirmation
Sainsbury’s shares have hit their highest level for almost four years this morning, surging 15% on the news that the UK’s second and third largest grocers have agreed merger terms.
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NewsSainsbury's posts underlying sales and profits rise but warns over banking arm prospects
Sainsbury’s has reported a rise in annual sales and underlying profits last year, but the group warned a “significant” drop in banking profits will hit earnings in its 2018/19 financial year.
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NewsSainsbury’s and Asda confirm £51bn mega-merger
Sainsbury’s and Asda have promised “a great deal for customers, colleagues, suppliers and shareholders of both businesses” as the two confirmed a mega-merger worth to create a £51bn retail giant.
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NewsMedia Bites 30 April: Sainsbury’s/Asda merger special
The markets held their breath over the weekend as they awaited official news released to the stock exchange this morning of the £15bn talks between Sainsbury’s and Walmart-owned Asda.
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NewsPip & Nut secures £1m from angels to fund growth plans
The new investment will fund a renewed marketing push and significant NPD
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NewsCo-op to appoint new CEO for Nisa after CMA all-clear
The Co-op has engaged headhunter firm Sam Allen Associates to conduct an executive search for the role
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NewsYo Sushi looks to expand into retail and food-to-go with Taiko
The purchase will help underpin Yo’s shift from restaurateur to a multi-brand, multi-format food group
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NewsVaping firm Supreme Imports announces plans for AIM float
City interest in Supreme took off after vaping regulations were resolved in May 2017
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NewsCity reacts as Whitbread announces Costa spin-off
One of the City’s longest-running sagas was finally settled this week
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NewsCity snapshot: Consumer confidence falls back again in April
GfK’s Consumer Confidence Index decreased two points in April 2018 – the 28th consecutive month without a positive overall index score, trading updates from Coca Cola European Partners, PepsiCo and Hershey after a busy day in the US and all the latest news from the City.
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NewsMedia Bites 27 April: Poundworld, Palm oil, Amazon
Poundworld is finalising plans to shut more than a quarter of its 355 shops to prevent financial collapse, with the discounter is expected to announce proposals for a Company Voluntary Arrangement during the first half of May
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NewsPepsiCo grows sales in first quarter but soft drinks continue to struggle
Sales at US snack and soft-drink giant Pepsico rose 4.3% in the first quarter of 2018, despite struggling soft drink sales.
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NewsPricing drives first quarter growth at CCEP as volumes slide
UK Coke bottler Coca-Cola European Partners has reported a 1% organic growth in sales despite the cold weather and “customer challenges” causing a 2.5% slip in volumes.
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NewsPoundworld set to close a third of its UK stores
The discounter is reported to be planning the closure of c100 of its 335 UK stores, putting up to 1,500 jobs at risk
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NewsWholesaler Nila fails with loss of 29 jobs
The £17m-sales wholesaler, based in Southall near Heathrow, was established in 1994
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NewsCity snapshot: Retail staff numbers drop 2.5% in the first quarter
The British Retail Consortium has published its retail employment monitor for the first quarter, which shows total hours fell 3.2%, while the total number employed dipped 2.5%. Plus, trading updates from voucher provider Park, quarterly results from GlaxoSmithKline and Dr Pepper Snapple and all the rest of the latest news from the City.
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NewsMedia Bites 26 April: Whitbread, Plastics Pact, DRS
The papers dissect Whitbread’s decision to spin off Costa Coffee
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NewsSports nutrition drives 4.8% first quarter growth for Glanbia
Global nutrition group Glanbia has reported 4.8% revenue growth in the first quarter of 2018 at constant currency with a solid performance from its nutrition interests, US cheeses and its joint ventures.