Finance news – Page 489
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NewsChicken exposé had 'zero impact' on sales at Tesco
CEO Dave Lewis says supermarket has seen ‘nothing in terms of change in buying patterns’
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NewsThe Lakes Distillery secures major deal with M&S
The Lakes Gin and The Lakes Vodka will roll out across 26 M&S stores in the north west and north east of England
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NewsMedia Bites 4 Oct: Tesco trial, Britvic/Unilever, 2 Sisters, Greggs
A number of senior Tesco staff resigned and “people were in tears” because they felt so “compromised” about being asked to “misreport” profits, a court has heard.
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NewsCity snapshot: Tesco hails turnaround as first half profits jump 27.3%
Tesco has declared its turnaround “firmly on track” after positing a 27.3% jump in first half group operating profit before exceptional items and its seventh consecutive quarter of sales growth. Plus, McColl’s founder James Lancaster steps away and all the rest of the latest news from the City
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NewsSir Malcolm Walker crowned winner of The Grocer Cup 2017
Industry veteran Walker picked up the trophy before hundreds of attendees at the IGD Awards Dinner
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NewsBurts Chips increases capacity at Plymouth factory by 20%
Completing a £3m investment programme for 2017, a new high-speed potato frying line will help meet growing demand
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NewsUnilever mulls Norwich factory exit for Colman’s, after Britvic move
Unilever has announced that it is considering the potential closure of its Norwich factory after plant co-owner Britvic said it is to exit the site
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NewsTesco accounting scandal 'consumed life' of whistleblower
Court told two other Tesco employees quit their jobs over pressure to guard the “biggest kept secret”
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NewsTesco target chase 'spiralled out of control' court told
The court heard that by July 2014 Tesco employees had made several attempts to highlight “unrealistic targets”
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NewsGreggs launches first home delivery trial with UberEATS
The service was launched yesterday and is available exclusively through the UberEATS app
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NewsCity snapshot: Greggs’ third quarter sales up 8.6% as better availability boosts trading
Bakery and food to go group Greggs has posted an 8.6% rise in total sales for the 13 weeks to 30 September, driven by strong like-for-like growth and new store openings. Plus, Refresco receives €1.6bn PAI offer, Britvic to shut Norwich factory, Coca-Cola HBC CEO dies and all the rest of the latest news from the City
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NewsMedia Bites 3 Oct: Tesco trial, Unilever, Coca-Cola
Three former senior Tesco executives carried on “conniving and manipulating” after a hole in Tesco’s accounts began “spiralling out of control” during the first half of 2014, a jury has heard.
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NewsInnis & Gunn adds three to its board in wake of private equity sale
Scottish craft brewer has added three directors to its board following the completion of its minority sale to global private equity house L Catterton last month.
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NewsWilliam Grant & Sons revenues and profits soar in 2016
Sales and profits have leapt at William Grant & Sons as the Scottish spirits giant thanks to “significant” currency tailwinds in the wake of the weak pound.
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NewsKing Elite Snacks secures £1m bank growth funding
The owner of dried meat snacks brand King Elite Snacks has bagged a seven-figure finance package to expand its manufacturing capability and support growth plans.
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NewsDeparture of Nisa CEO Nick Read 'will not impact Co-op bid'
Nisa confirmed on Saturday that Read was stepping down at a crucial time for the buying group
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NewsMedia Bites 2 October: 2 Sisters, Tesco, Nisa, Unilever
The fallout from The Guardian and ITV investigation in the chicken supply chain at 2 Sisters was covered over the weekend. Plus, stories on Tesco’s upcoming interim results; Nick Read leaves Nisa; and the Unilever spreads rumours continue.
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NewsCity snapshot: Nick Read walks away from Nisa
Nisa boss Nick Read suddenly left the buying group over the weekend, with the board starting immediate “succession planning”.
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NewsTesco workers 'bullied into cooking books' claims prosecution
Prosecution claims staff in “relatively subordinate positions” presented false figures to meet the profit targets
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NewsReal Good Food swings to £5.8m loss after troubled year
Beleaguered Real Good Food has swung to heavy losses after a delay in passing on Brexit-linked price inflation and poor cost controls, the group revealed in its full-year results released unscheduled on the London Stock Exchange this afternoon.